Woodlands National Bank in Onamia, Minnesota (MN)



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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
Securities$8,975
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
Surplus$50
Undivided profits $3,336
Memoranda
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
Derivatives$12,976
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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
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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%
Memoranda
Average assets$27
Average earning assets$25,114
Average equity $4,061
Average loans $21,584
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