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First National Bank Minnesota, Financial Information

AboutFirst National Bank Minnesota

 Address:
226 Nassau St
Saint Peter,MN
Nicollet County,Minnesota
 Established:
Jan 1857
 Number of domestic offices:
4
Total assets$367M
Net income$5M
Net income,quarterly$1M
Total deposits$325M
Domestic deposits$325M
Equity capital$42M
ROA1.41%
ROAQ,quarterly1.51%
ROA,pretax1.51%
ROAQ,quarterly,pretax1.52%
ROE12.31%
ROEQ,quarterly13.17%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The Office of the Comptroller of Currency approved the merger of two existing banks: Security State Bank of Mankato and The First National Bank of St. Peter in July of 2005. Also as a part of this merger approval a new bank name was born. All of banking entities following the merger will do business under the name of First National Bank Minnesota. The surviving bank charter is original national banking charter issued in 1857 to The First National Bank of St. Peter.

The only item that has changed with this charter is the bank name. As a part of the merger process, Security State Bank of Mankato and Security Shares, Inc. names were eliminated. Upon consolidation the combined assets were $215,000,000 with a new lending limit of approximately $3.2 million. The banks strategy moving forward is to continue to maintain a well-diversified balance sheet with a focus on individuals, small and mid-size businesses, non-profit institutions, and government entities.

Historical Data