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The First National Bank of Herman, Financial Information

AboutThe First National Bank of Herman

 Address:
103 5th Street East
Herman,MN
Grant County,Minnesota
 Established:
Jan 1906
 Number of domestic offices:
1
Agriculture bank
Total assets$30M
Net income$0M
Net income,quarterly$0M
Total deposits$27M
Domestic deposits$27M
Equity capital$3M
ROA0.62%
ROAQ,quarterly-0.03%
ROA,pretax-0.03%
ROAQ,quarterly,pretax-0.03%
ROE5.67%
ROEQ,quarterly-0.28%
UpdatedApr 11, 2013

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 First National Bank of Herman provide a wide variety of financial services to all of our customers-businesses, individuals and farmers.

The First National Bank of Herman has played a vital role in our community’s history for over 100 years. The bank was originally opened as The Peoples Bank in 1901 when Ernest E. Peck came to Herman. He helped open The Peoples Bank as an officer and stockholder. The Peoples Bank was reorganized as The First National Bank of Herman at a meeting held on January 4, 1906.

The First National Bank of Herman has helped meet the financial needs of thousands of customers – businesses, individuals, and farmers for over 100 years. The bank remains a small, independently owned lending institution.

Historical Data