Woodlands National Bank in Hinckley, Minnesota (MN)

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Woodlands National Bank
GeneralFDIC Certificate #: 1417
Status: Active
Federal Reserve ID: 980951
Bank Holding Company (Regulatory Top Holder): Mille Lacs Bancorporation, Inc. (RSSDID: 2359823, Location: Onamia, MN)
Date Established: October 01, 1908
WWW: http://www.woodlandsnationalbank.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: 7 (Domestic: 7, Interstate: No)
FDIC's unique #: 937
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: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: May 07, 2010
Last Structure Change Process Date: May 27, 2010
Last Data Update: May 27, 2010
Data Source Date: April 05, 2012
LocationAddress: 122 Main Street, Hinckley, MN 55037
County: Pine
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
History of ChangesOffice Purchased
Financial SummaryTotal assets: $137.8 mil
Equity capital: $18.9 mil
Deposits held in domestic offices: $110.5 mil
Return on assets (ROA): 0.28% ($0.4 mil)
Quarterly return on assets: 0.30% ($0.4 mil)
Return on Equity (ROE): 2.04% ($0.4 mil)
Quarterly return on equity: 2.24% ($0.4 mil)
Net income: $0.4 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.33% ($454.8 mil)
Quarterly Pretax return on assets: 0.48% ($661.6 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)
Total employees (full-time equivalent)53
Total assets$137,826
Cash and due from depository institutions$15,888
Interest-bearing balances$8,734
Federal funds sold & reverse repurchase agreements$650
Net loans & leases$75,874
Loan loss allowance $1,813
Trading account assets$0
Bank premises and fixed assets$2,514
Other real estate owned$1,146
Goodwill and other intangibles$2,481
All other assets$3,359
Life insurance assets$137,825
Total liabilities and capital$118,903
Total liabilities$110,542
Total deposits$72,572
Interest-bearing deposits$110,542
Deposits held in domestic offices$92
% insured (estimated)4959.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$3,200
Other borrowed funds $0
Subordinated debt $202
All other liabilities $18,922
Total equity capital$18,922
Total bank equity capital$18,922
Perpetual preferred stock$0
Common stock$50
Undivided profits $10,066
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $96
Income earned, not collected on loans $4,001
Earning assets $353
Long-term assets (5+ years) $526
Average Assets, year-to-date $121,172
Average Assets, quarterly $34,989
Volatile liabilities $135,038
Insider loans $139,776
FHLB advances $88,715
Loans and leases held for sale $138,319
Unused loan commitments $557
Tier 1 (core) risk-based capital $557
Tier 2 risk-based capital $16,401
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,166
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,871
Total interest expense $942
Net interest income $4,929
Provision for loan and lease losses $804
Total noninterest income $1,465
Fiduciary activities $0
Service charges on deposit accounts $566
Trading account gains & fees $0
Additional noninterest income $899
Total noninterest expense $5,143
Salaries and employee benefits $2,452
Premises and equipment expense $652
Additional noninterest expense $2,039
Pre-tax net operating income $447
Securities gains (losses) $1
Applicable income taxes $67
Income before extraordinary items $381
Extraordinary gains - net $0
Net income attributable to bank $381
Net charge-offs $0
Cash dividends $381
Sale, conversion, retirement of capital stock, net $728
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.96%
Cost of funding earning assets 0.80%
Net interest margin 4.16%
Noninterest income to earning assets 1.24%
Noninterest expense to earning assets 4.34%
Net operating income to assets 0.28%
Return on assets (ROA) 0.28%
Pretax return on assets 0.33%
Return on equity (ROE) 2.04%
Retained earnings to average equity (YTD only) 2.04%
Net charge-offs to loans 0.89%
Credit loss provision to net charge-offs 110.44%
Efficiency ratio1.72%
Assets per employee$79,919
Cash dividends to net income (YTD only)2.60%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.33%
Noncurrent assets plus other real estate owned to assets 45.31%
Noncurrent loans to loans 3.73%
Net loans and leases to deposits5.15%
Net loans and leases to core deposits 68.64%
Equity capital to assets 71.85%
Core capital (leverage) ratio 13.73%
Tier 1 risk-based capital ratio 11.86%
Total risk-based capital ratio 18.49%
Average assets$20
Average earning assets$135,038
Average equity $18,716
Average loans $118,399
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7 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0937Woodlands National Bank122 Main Street, Hinckley, MN 55037October 01, 1908Full Service Brick and Mortar
17745Sturgeon Lake Branch8981 Market Street, Sturgeon Lake, MN 55783March 17, 1915Full Service Brick and Mortar
27021Onamia Branch424 Main Street, Onamia, MN 56359August 03, 1907Full Service Brick and Mortar
3429973Grand Market Branch16602 Ataage Drive, Onamia, MN 56359Febuary 17, 2004Full Service Brick and Mortar
4452508Cloquet Branch240 North Road, Cloquet, MN 55720December 07, 2005Full Service Brick and Mortar
5492506Minneapolis Branch1113 E. Franklin Ave, Minneapolis, MN 55404March 02, 2009Full Service Brick and Mortar
6207246Zimmerman Branch26040 Main St, Zimmerman, MN 55398November 27, 1978Full Service Brick and Mortar
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