The First National Bank of Le Center, Financial Information

AboutThe First National Bank of Le Center

 Address:
10 West Minnesota Street
Le Center,MN
Le Sueur County,Minnesota
 Established:
Jan 1903
 Number of domestic offices:
1
Agriculture bank
Total assets$148M
Net income$2M
Net income,quarterly$0M
Total deposits$133M
Domestic deposits$133M
Equity capital$14M
ROA1.23%
ROAQ,quarterly0.42%
ROA,pretax0.42%
ROAQ,quarterly,pretax0.42%
ROE11.7%
ROEQ,quarterly4.0%
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 bank known today as the First National Bank of Le Center was incorporated as the Le Sueur Center Bank, a privately owned bank, on May 1, 1901. On June 10, 1903 it was chartered as the First National Bank of Le Sueur Center. The banks slogan was “A good bank in a good town.” The bank was originally located in the building where Le Center Eye Care is now. In 1973 the current building was constructed and the bank moved across the street.

First National Bank of Le Center has enjoyed consistent growth through the confidence placed in us by the people of this community and the surrounding area. The bank staff has grown over the years from its three original employees to 22 employees today including the branch office that was opened in 1989 at Kilkenny, Minnesota. The branch is proudly nicknamed the only First National Bank of Kilkenny in the United States.

The Traxler name has been synonymous with First National Bank of Le Center since 1910 when Frank Traxler served on the Board of Directors. Over the years the Traxler family was able to acquire stock in the bank. By 1955, Traxlers owned 51 percent of the stock. First National Bank of Le Center is one of the few remaining family-owned banks in Le Sueur County.