The First National Bank of Battle Lake, Financial Information

About The First National Bank of Battle Lake

 Address:
101 Lake Avenue South
Battle Lake, MN
Otter Tail County, Minnesota
 Established:
Jan 1907
 Number of domestic offices:
1
Total assets$70M
Net income$1M
Net income, quarterly$0M
Total deposits$61M
Domestic deposits$61M
Equity capital$9M
ROA1.51%
ROAQ, quarterly1.5%
ROA, pretax1.5%
ROAQ, quarterly, pretax1.5%
ROE12.25%
ROEQ, quarterly12.04%
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.

For more than a century, First National Bank has proudly served community members and businesses within Otter Tail County. Being here for our community is very important to us — whether through first-hand involvement at community events or by providing professional advice and banking services to get you closer to your goals.

The First National Bank of Henning was organized on July 14, 1903, by a group of investors from Wadena, Minnesota, and associated with the Merchants National Bank in that city. Its primary incorporators were Isaac Hazlett, J.J. Meyer, and F.B. Coons.

The First National Bank of Battle Lake was a successor institution to the Otter Tail County Bank which was organized in March, 1900. Its owners were R. F. McClellan and H.F. Head, of Princeton, Minnesota. It's first building was construction in 1903. It was incorporated with a State Bank charter in1903.

On May 23, 1907 the bank received authorization of its charter as a national bank and became the First National Bank of Battle Lake. In August of 1967, the bank experienced its only hold-up and was robbed of $17,890. The robbers were eventually arrested by the FBI in Idaho. The bank underwent remodels in 1937, 1973 and 1977. In January of 1993, the bank was sold to Henning Bancshares, Inc., the same owner of The First National Bank of Henning. In 2003, the bank underwent extensive construction.

The bank offers Internet banking services that include bill payment, balance checking and funds transfer options. It provides money orders and official and traveler s checks, as well as credit cards. The First National Bank Of Henning is a member of the Federal Deposit Insurance Corporation and an Equal Housing Lender.