Mission & Financials
It
shall be the purpose and mission of this organization to provide
a full range of quality financial services and products
operating as a locally-owned community bank within a trade area
as defined from time to time by the Board of Directors.
It shall
be the mission of the organization to strive to attain the
maximum benefit to the investment of our shareholders in terms
of both short-term yield and long-term growth by making prudent
business decisions and maintaining adequate levels of capital to
assure safety and soundness.
We
recognize our partnership with, and responsibility to our
employees and the communities we serve.
In that regard, we shall strive to create long-term
career opportunities for our employees and to contribute to the
economic and social well being of the communities we serve.
|
FIRST NATIONAL BANK BEMIDJI
Statement of Condition
December 31, 2007 |
|
Assets |
| Cash
& Due from Banks |
$8,882,508.25 |
| U.S.
Treasury Securities |
1,000,000.00 |
| Securities
U.S. Government Agencies |
83,144,937.50 |
| Municipal
Bonds |
64,631,000.00 |
| Mutual
Fund Investments |
503,336.51 |
| Federal
Funds Sold |
2,345,000.00 |
| Other
Securities |
1,448,141.73 |
| Stock-Federal
Reserve |
180,000.00 |
| Stock-FHLB |
1,210,000.00 |
| Loans |
255,930,611.29 |
| Bank
Premises & Equipment |
12,831,510.67 |
| Other
Assets |
6,968,321.12 |
| Total
Assets |
$439,075,367.07 |
| |
|
Liabilities |
| Demand
& Now Deposits |
$76,983,900.42 |
| Time
& Savings Deposits |
269,776,508.43 |
| Other
Liabilities |
36,340,588.03 |
| |
$383,100,996.88 |
|
Capital
Accounts |
| Capital
Stock-Common Stock |
$3,000,000.00 |
| Surplus |
3,000,000.00 |
| Undivided
Profits |
49,974,370.19 |
|
Total
Equity Capital |
$55,974,370.19 |
| |
|
Total
Liabilities & Equity
Capital |
$439,075,367.07 |
|
