Western National Bank in Duluth, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Western National Bank - Overview

  • General
  • FDIC Certificate #: 5131
    Status: Active
    Federal Reserve ID: 127055
    Bank Holding Company (Regulatory Top Holder): Western Bancorporation, Inc. (RSSDID: 3271267, Location: Duluth, MN)
    Date Established: January 04, 1904
    WWW: http://www.wbduluth.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 12883
    FDIC's unique #: 3433
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 26, 2007
    Last Structure Change Process Date: September 04, 2007
    Last Data Update: September 04, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 North Central Avenue, Duluth, MN 55807
    County: St. Louis
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Duluth-Superior, MN-WI (#2240)
    Core Based Statistical Area (CBSA): Duluth, MN-WI (#20260)
    CBSA Metro Statistical Area: Duluth, MN-WI (#20260)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $119.6 mil
    Equity capital: $12.5 mil
    Deposits held in domestic offices: $105.7 mil
    Return on assets (ROA): 1.00% ($1.2 mil)
    Quarterly return on assets: 0.76% ($0.9 mil)
    Return on Equity (ROE): 9.81% ($1.3 mil)
    Quarterly return on equity: 7.52% ($1.0 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.00% ($1,196.0 mil)
    Quarterly Pretax return on assets: 0.76% ($909.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 31Total employees (full-time equivalent)
  • $119,603Total assets
  • $20,073Cash and due from depository institutions
  • $3,040Interest-bearing balances
  • $10,500Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $77,691Net loans & leases
  • $829Loan loss allowance
  • $0Trading account assets
  • $3,734Bank premises and fixed assets
  • $687Other real estate owned
  • $3,120Goodwill and other intangibles
  • $119,603Life insurance assets
  • $3,798All other assets
  • $107,082Total liabilities and capital
  • $105,655Total liabilities
  • $91,735Total deposits
  • $105,655Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $427Subordinated debt
  • $12,521All other liabilities
  • $12,521Total equity capital
  • $12,521Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $11,858Surplus
  • $463Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $196Income earned, not collected on loans
  • $0Earning assets
  • $437Long-term assets (5+ years)
  • $91,231Average Assets, year-to-date
  • $19,405Average Assets, quarterly
  • $122,487Volatile liabilities
  • $123,850Insider loans
  • $88,032FHLB advances
  • $122,520Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,424Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,426Restructured Loans and leases
  • $341Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,785Total interest income
  • $1,375Total interest expense
  • $4,410Net interest income
  • $150Provision for loan and lease losses
  • $690Total noninterest income
  • $0Fiduciary activities
  • $229Service charges on deposit accounts
  • $0Trading account gains & fees
  • $461Additional noninterest income
  • $3,725Total noninterest expense
  • $1,476Salaries and employee benefits
  • $565Premises and equipment expense
  • $1,684Additional noninterest expense
  • $1,225Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,225Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,225Net income attributable to bank
  • $0Net charge-offs
  • $1,225Cash dividends
  • $161Sale, conversion, retirement of capital stock, net
  • $1,012Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.78%Yield on earning assets
  • 1.37%Cost of funding earning assets
  • 4.41%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 3.72%Noninterest expense to earning assets
  • 1.00%Net operating income to assets
  • 1.00%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 9.81%Return on equity (ROE)
  • 1.71%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 93.17%Credit loss provision to net charge-offs
  • 8.54%Efficiency ratio
  • 73,039Assets per employee
  • 3.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 82.61%Loss allowance to loans
  • 1.06%Loss allowance to noncurrent loans
  • 422.96%Noncurrent assets plus other real estate owned to assets
  • 0.74%Noncurrent loans to loans
  • 0.25%Net loans and leases to deposits
  • 73.53%Net loans and leases to core deposits
  • 104.70%Equity capital to assets
  • 10.47%Core capital (leverage) ratio
  • 7.69%Tier 1 risk-based capital ratio
  • 10.71%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $122,487Average earning assets
  • $12,491Average equity
  • $100,041Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03433Western National Bank201 North Central Avenue, Duluth, MN 55807January 04, 1904Full Service Brick and Mortar
    2207131Downtown Branch202 West Superior Street, Duluth, MN 55802April 04, 1994Full Service Brick and Mortar
    3207132Superone Foods Branch5401 Burning Tree Road, Duluth, MN 55811November 21, 1997Full Service Brick and Mortar

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