Woodlands National Bank in Onamia, Minnesota (MN)

Show street view No street view available for this location
Table of contents:
Woodlands National Bank
GeneralFDIC Certificate #: 10966
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Woodlands National Bank (#1417)
Federal Reserve ID: 876559
Date Established: August 03, 1907
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
OTS Docket #: 12386
FDIC's unique #: 7021
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: November 01, 1999
Last Structure Change Process Date: November 19, 1999
Last Data Update: November 19, 1999
Data Source Date: April 05, 2012
LocationAddress: Main Street, Onamia, MN 56359
County: Mille Lacs
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
Financial SummaryTotal assets: $33.5 mil

1992 - 1999 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, 1998)
(Dollar figures in thousands)
Total employees (full-time equivalent)16
Total assets$26,336
Cash and due from depository institutions$1,439
Interest-bearing balances$11
Federal funds sold & reverse repurchase agreements$3,000
Net loans & leases$11,098
Loan loss allowance $469
Trading account assets$0
Bank premises and fixed assets$602
Other real estate owned$73
Goodwill and other intangibles$825
All other assets$324
Life insurance assets$0
Total liabilities and capital$26,336
Total liabilities$22,096
Total deposits$21,912
Interest-bearing deposits$15,280
Deposits held in domestic offices$21,912
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $184
Total equity capital$4,240
Total bank equity capital$4,240
Perpetual preferred stock$4,240
Common stock$0
Undivided profits $3,336
Noncurrent loans and leases $854
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $144
Long-term assets (5+ years) $0
Average Assets, year-to-date $78
Average Assets, quarterly $23,084
Volatile liabilities $3,321
Insider loans $25,114
FHLB advances $25,641
Loans and leases held for sale $1,142
Unused loan commitments $81
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $787
Restructured Loans and leases $0
Back to page top, Back to table top

Income and Expense (December 31, 1998)
(Dollar figures in thousands)
Total interest income $1,740
Total interest expense $529
Net interest income $1,211
Provision for loan and lease losses $50
Total noninterest income $1,037
Fiduciary activities $0
Service charges on deposit accounts $130
Trading account gains & fees $0
Additional noninterest income $907
Total noninterest expense $1,369
Salaries and employee benefits $574
Premises and equipment expense $230
Additional noninterest expense $565
Pre-tax net operating income $829
Securities gains (losses) $3
Applicable income taxes $316
Income before extraordinary items $516
Extraordinary gains - net $0
Net income attributable to bank $516
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $89
Net operating income $210
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 1998)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.06%
Cost of funding earning assets 2.45%
Net interest margin 5.61%
Noninterest income to earning assets 4.80%
Noninterest expense to earning assets 6.34%
Net operating income to assets 2.05%
Return on assets (ROA) 2.05%
Pretax return on assets 3.31%
Return on equity (ROE) 12.70%
Retained earnings to average equity (YTD only) 7.53%
Net charge-offs to loans 0.83%
Credit loss provision to net charge-offs 56.18%
Efficiency ratio9.88%
Assets per employee$57,918
Cash dividends to net income (YTD only)1.65%
Condition Ratios (%)
Loss allowance to loans 40.70%
Loss allowance to noncurrent loans 4.05%
Noncurrent assets plus other real estate owned to assets 325.69%
Noncurrent loans to loans 0.82%
Net loans and leases to deposits1.24%
Net loans and leases to core deposits 50.65%
Equity capital to assets 53.43%
Core capital (leverage) ratio 16.10%
Tier 1 risk-based capital ratio 13.24%
Total risk-based capital ratio 25.86%
Average assets$27
Average earning assets$25,114
Average equity $4,061
Average loans $21,584
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Woodlands National Bank.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.