The First National Bank In Cannon Falls
Cannon Falls, MN — Domestic Branch of a Domestic Bank
Acquired Sep 2007
Vitals
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Total Assets116.7M -6.8 %
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Total Deposits97.7M -4.7 %
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Total Net Loans75.7M -15.6 %
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Net Income172000.0000 -74.6 %
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Book Value10.2M 0.1 %
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Book Value x220.5M 0.1 %
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Book Value x330.7M 0.1 %
Balance Sheet Highlights
Financial Highlights | The First National Bank In Cannon Falls | All Insured Commercial Banks in Minnesota |
Balance Sheet $(000) | ||
Total Assets | 116,684 | 99,464 |
Total Net Loans | 75,700 | 72,666 |
Total Deposits | 97,688 | 82,818 |
Total Equity | 10,247 | 10,004 |
Profitability | ||
Net Income | 172 | 2,022 |
Return on Average Assets | .289 | 1.338 |
Return on Average Equity | 3.34 | 13.07 |
Net Interest Margin | 3.784 | 4.271 |
Efficiency Ratio | 89.849 | 66.544 |
Noninterest Income/Revenue | 10.154 | 8.362 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 77.492 | 84.701 |
Securities/Assets | .236 | .228 |
Total Equity/Total Assets | .088 | .101 |
Tangible Equity/Tangible Assets | .086 | .034 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 10,558 | 9,660 |
Tier 2 Capital | 1,110 | 871 |
Total Capital | 11,668 | 10,544 |
Total Risk Weighted Assets | 88,454 | 78,904 |
Leverage Ratio | 8.97 | 10.121 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 11.94 | 13.298 |
Total Capital Ratio | 13.19 | 14.407 |
Timeline for The First National Bank In Cannon Falls
Merchants Bank, National Association
The First National Bank In Cannon Falls was acquired by Merchants Bank, National Association 16 years
View Profile Sep 21 2007Jerema, Inc.
Jerema, Inc. became a new parent organization for The First National Bank In Cannon Falls.
View Profile Dec 31 1970The First National Bank In Cannon Falls
The First National Bank In Cannon Falls was established 146 years ago and is currently headquartered in Cannon Falls, MN.
Apr 10 1878Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Merchants Bank, National Association | Buyer | 1,651,880 | Acquisition | Discontinued | 9/21/2007 |
Relationships | Role | Relationship Start | Relationship End |
Jerema, Inc. | Parent | 6/30/1997 | 9/20/2007 |
Jerema, Inc. | Parent | 6/30/1984 | 6/29/1997 |
Jerema, Inc. | Parent | 6/30/1979 | 6/29/1984 |
Jerema, Inc. | Parent | 12/31/1973 | 6/29/1979 |
Jerema, Inc. | Parent | 12/31/1972 | 12/30/1973 |
Jerema, Inc. | Parent | 12/31/1970 | 12/30/1972 |
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