First National Bank in Mahnomen

First National Bank in Mahnomen is headquartered in Mahnomen and is the 225^th largest bank in the state of Minnesota. It is also the 5,741^st largest bank in the nation. It was established in 1926 and as of March of 2012, it had grown to 17 employees at 1 location. First National Bank in Mahnomen has a 4-star health rating.

First National Bank in Mahnomen CD Rates

Data for Q1 2012

Institution Statistics First National Bank in Mahnomen FDIC Certificate # 5190 BankRate Report View Year Established 1926 Employees 17 Primary Regulator OCC Assets and Liabilities Assets $71.39 million Loans $37.28 million Deposits $64.59 million Equity Capital $6.58 million Loan Loss Allowance $534,000 Unbacked Noncurrent Loans $370,000 Real Estate Owned $356,000 Historic Data - March 2011 Assets $69.97 million Equity Capital $5.82 million Loan Loss Allowance $684,000 Unbacked Noncurrent Loans $1.25 million Real Estate Owned $416,000 Profit Margin - Quarterly Net Interest Margin 4.36% Return on Assets 0.78% Return on Equity 8.3% Interest Income $783,000

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First National Bank in Mahnomen had $726,000 in non-current loans and owned real-estate with $7.12 million in equity and loan loss allowances on hand to cover it. This gives First National Bank in Mahnomen a Texas Ratio of 10.20% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First National Bank in Mahnomen decreased significantly from 25.57% as of March 31, 2011 to 10.20% as of March 31, 2012, resulting in a positive change of 60.09%.This indicates that the balance sheet and financial strength for First National Bank in Mahnomen has improved significantly in recent periods. Deposit Growth In the past year, First National Bank in Mahnomen has increased its total deposits by $607,000, resulting in 0.95% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First National Bank in Mahnomen has shown is average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First National Bank in Mahnomen has $71.39 million in assets with $7.12 million in equity, resulting in a capitalization level of 9.97%, which is average.

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