Woodland Bank in Deer River, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


Woodland Bank - Overview

  • General
  • FDIC Certificate #: 8863
    Status: Active
    Federal Reserve ID: 788652
    Bank Holding Company (Regulatory Top Holder): Remer Bancorporation, Inc. (RSSDID: 1126327, Location: Remer, MN)
    Date Established: January 01, 1920
    WWW: http://www.woodlandbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 14682
    FDIC's unique #: 5657
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 22, 2007
    Last Structure Change Process Date: May 29, 2007
    Last Data Update: May 29, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 315 Main Ave., Deer River, MN 56636
    County: Itasca
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Forks
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Corrections
    Change in Location
  • Financial Summary
  • Total assets: $109.7 mil
    Equity capital: $8.4 mil
    Deposits held in domestic offices: $100.6 mil
    Return on assets (ROA): 0.51% ($0.6 mil)
    Quarterly return on assets: 0.85% ($0.9 mil)
    Return on Equity (ROE): 6.82% ($0.5 mil)
    Quarterly return on equity: 11.11% ($0.9 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.80% ($877.9 mil)
    Quarterly Pretax return on assets: 1.28% ($1,404.7 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
  • 41Total employees (full-time equivalent)
  • $109,743Total assets
  • $9,933Cash and due from depository institutions
  • $4,852Interest-bearing balances
  • $3,616Securities
  • $6,970Federal funds sold & reverse repurchase agreements
  • $77,761Net loans & leases
  • $1,040Loan loss allowance
  • $0Trading account assets
  • $6,079Bank premises and fixed assets
  • $1,969Other real estate owned
  • $0Goodwill and other intangibles
  • $109,743Life insurance assets
  • $3,415All other assets
  • $101,297Total liabilities and capital
  • $100,578Total liabilities
  • $88,640Total deposits
  • $100,578Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $200Trading liabilities
  • $0Other borrowed funds
  • $519Subordinated debt
  • $8,446All other liabilities
  • $8,446Total equity capital
  • $8,446Total bank equity capital
  • $0Perpetual preferred stock
  • $112Common stock
  • $6,187Surplus
  • $2,147Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $672Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,579Income earned, not collected on loans
  • $0Earning assets
  • $454Long-term assets (5+ years)
  • $93,199Average Assets, year-to-date
  • $19,358Average Assets, quarterly
  • $108,360Volatile liabilities
  • $109,100Insider loans
  • $77,579FHLB advances
  • $108,558Loans and leases held for sale
  • $1,710Unused loan commitments
  • $1,710Tier 1 (core) risk-based capital
  • $8,445Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,878Restructured Loans and leases
  • $2,634Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,505Total interest income
  • $1,329Total interest expense
  • $4,176Net interest income
  • $300Provision for loan and lease losses
  • $1,109Total noninterest income
  • $0Fiduciary activities
  • $545Service charges on deposit accounts
  • $0Trading account gains & fees
  • $564Additional noninterest income
  • $4,252Total noninterest expense
  • $2,274Salaries and employee benefits
  • $565Premises and equipment expense
  • $1,413Additional noninterest expense
  • $733Pre-tax net operating income
  • $137Securities gains (losses)
  • $315Applicable income taxes
  • $555Income before extraordinary items
  • $0Extraordinary gains - net
  • $555Net income attributable to bank
  • $0Net charge-offs
  • $555Cash dividends
  • $472Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.85%Yield on earning assets
  • 1.41%Cost of funding earning assets
  • 4.43%Net interest margin
  • 1.18%Noninterest income to earning assets
  • 4.52%Noninterest expense to earning assets
  • 0.43%Net operating income to assets
  • 0.51%Return on assets (ROA)
  • 0.80%Pretax return on assets
  • 6.82%Return on equity (ROE)
  • 6.82%Retained earnings to average equity (YTD only)
  • 0.60%Net charge-offs to loans
  • 63.56%Credit loss provision to net charge-offs
  • 2.19%Efficiency ratio
  • 80,454Assets per employee
  • 2.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 40.33%Noncurrent assets plus other real estate owned to assets
  • 4.14%Noncurrent loans to loans
  • 3.27%Net loans and leases to deposits
  • 77.31%Net loans and leases to core deposits
  • 83.94%Equity capital to assets
  • 7.70%Core capital (leverage) ratio
  • 7.78%Tier 1 risk-based capital ratio
  • 10.89%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $108,360Average earning assets
  • $8,133Average equity
  • $94,174Average loans

List of branches

  • 7 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05657Woodland Bank315 Main Ave., Deer River, MN 56636January 01, 1920Full Service Brick and Mortar
    1219064Longville OfficeCounty Road 5 And Jordan Lane, Longville, MN 56655January 16, 1978Full Service Brick and Mortar
    2219065Cohasset Office55 East Highway 2, Cohasset, MN 55721October 21, 1993Full Service Brick and Mortar
    3219066Hill City Office675 Highway 169 South, Hill City, MN 55748September 16, 1997Full Service Brick and Mortar
    4441016Woodland Bank - Jenkins Branch33900 Gleason Avenue, Jenkins, MN 56456June 10, 2005Full Service Brick and Mortar
    5463366Remer Branch4 First Avenue Northeast, Remer, MN 56672May 22, 2007Full Service Brick and Mortar
    6510607Grand Rapids Loan Production Office2610 Pokegama Avenue, Grand Rapids, MN 55744January 01, 2010Limited Service Loan Production

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