Woodlands National Bank in Hinckley, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


Woodlands National Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Office Purchased
  • Financial Summary
  • Total 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
  • 53Total employees (full-time equivalent)
  • $137,826Total assets
  • $15,888Cash and due from depository institutions
  • $8,734Interest-bearing balances
  • $35,914Securities
  • $650Federal funds sold & reverse repurchase agreements
  • $75,874Net loans & leases
  • $1,813Loan loss allowance
  • $0Trading account assets
  • $2,514Bank premises and fixed assets
  • $1,146Other real estate owned
  • $2,481Goodwill and other intangibles
  • $137,825Life insurance assets
  • $3,359All other assets
  • $118,903Total liabilities and capital
  • $110,542Total liabilities
  • $72,572Total deposits
  • $110,542Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 4959.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,200Trading liabilities
  • $0Other borrowed funds
  • $202Subordinated debt
  • $18,922All other liabilities
  • $18,922Total equity capital
  • $18,922Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $8,806Surplus
  • $10,066Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $96Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,001Income earned, not collected on loans
  • $353Earning assets
  • $526Long-term assets (5+ years)
  • $121,172Average Assets, year-to-date
  • $34,989Average Assets, quarterly
  • $135,038Volatile liabilities
  • $139,776Insider loans
  • $88,715FHLB advances
  • $138,319Loans and leases held for sale
  • $557Unused loan commitments
  • $557Tier 1 (core) risk-based capital
  • $16,401Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,166Restructured Loans and leases
  • $142Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,871Total interest income
  • $942Total interest expense
  • $4,929Net interest income
  • $804Provision for loan and lease losses
  • $1,465Total noninterest income
  • $0Fiduciary activities
  • $566Service charges on deposit accounts
  • $0Trading account gains & fees
  • $899Additional noninterest income
  • $5,143Total noninterest expense
  • $2,452Salaries and employee benefits
  • $652Premises and equipment expense
  • $2,039Additional noninterest expense
  • $447Pre-tax net operating income
  • $1Securities gains (losses)
  • $67Applicable income taxes
  • $381Income before extraordinary items
  • $0Extraordinary gains - net
  • $381Net income attributable to bank
  • $0Net charge-offs
  • $381Cash dividends
  • $728Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.96%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 4.16%Net interest margin
  • 1.24%Noninterest income to earning assets
  • 4.34%Noninterest expense to earning assets
  • 0.28%Net operating income to assets
  • 0.28%Return on assets (ROA)
  • 0.33%Pretax return on assets
  • 2.04%Return on equity (ROE)
  • 2.04%Retained earnings to average equity (YTD only)
  • 0.89%Net charge-offs to loans
  • 110.44%Credit loss provision to net charge-offs
  • 1.72%Efficiency ratio
  • 79,919Assets per employee
  • 2.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.33%Loss allowance to noncurrent loans
  • 45.31%Noncurrent assets plus other real estate owned to assets
  • 3.73%Noncurrent loans to loans
  • 5.15%Net loans and leases to deposits
  • 68.64%Net loans and leases to core deposits
  • 71.85%Equity capital to assets
  • 13.73%Core capital (leverage) ratio
  • 11.86%Tier 1 risk-based capital ratio
  • 18.49%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $135,038Average earning assets
  • $18,716Average equity
  • $118,399Average loans

List of branches

  • 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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