FIRST NATIONALBANK NORTH

November 2016

Christmas Open House!We invite you to join us at all locations of First Na-

tional Bank in celebrating the Christmas Holiday with us. Each of the locations will be hosting an open house on Friday, December 2nd. From 9 A.M. to 5 P.M. we will be serving refreshments and Santa will be making an appearance in Walker and Backus. As with every year, we will look forward to visiting with our old friends and wonderful customers.

“Until you make peace with who you are, you’ll never be content with what you have.

-Doris Mortman

First National Bank’s Annual Fish Fry!Another fantastic turn out for the Priority 50 Club’s

annual fish fry. The weather was sunny and warm. The food was delicious and plentiful. It was held on Wednesday, September 14th at our Walker location. We were pleased to serve over three hundred dinners. Music was provided by “Frankly Country” and the fall décor made for colorful tables to go along with the lively conversation. We hope to see you all again next year.

Priority 50 Club

Toys for Kids!First National Bank is

looking forward with joy and gratitude to the Holi-days. We will be accepting your toy donations from November 25th to Decem-ber 19th. Any unwrapped gifts will be distributed in your own neighborhood. Each of our nine locations will be participating in the collection of the toys for kids. Merry Christmas!

First National Investment Services IRA Year End Reminders

Whether you are still working or retired, you should periodically review your IRAs. Here are a few things to remember:Contribution Limits

If you’re still working, review the 2016 IRA contribution and deduction limits to make sure you are taking full advantage of the opportunity to save for your retirement. You can make IRA contributions until April 17, 2017. Required Minimum Distributions

If you are age 70 ½ or older this year, you must take a 2016 Required Minimum Distribution (RMD) by December 31, 2016 (by April 1, 2017, if you turned 70 ½ in 2016). Failure to take your RMD in the calendar year may subject you to a 50% tax penalty.Special Charitable Contributions

If you are age 70 ½ or older you may donate directly from your IRA to a charity, tax free. A donation counts as your Required Minimum Distribution (RMD) but doesn’t increase your adjusted gross income.

If you would like further information please contact Sheri Winter, Financial Advisor, or Halli Knutson, Administrative Assistant at First Na-tional Investment Services (218) 547-1160 or email winters@ceteranetworks.com.

Securities and advisory services offered through Cetera Advisor Networks LLC, member FINRA/SIPC. Cetera is under separate ownership from any other named entity. Not FDIC Insured. May Lose Value. Not a Bank. Not a Deposit. Not Insured by any Federal Government Agency.

Sheri Winter and Halli Knutson

DETECTING SCAMSToday, thieves are coming up with more and more

devious ways to try and trick you into giving them your personal information. A criminal can open up a new line of credit in your name, rent an apartment, purchase cars, homes, and other goods, get a job, get out of criminal acts, or take over your bank account. In other words, the instant you give up certain per-sonal information to a thief, you are in jeopardy.WHAT INFORMATION DO THIEVES WANT?

• Social Security Numbers• Bank account or credit card numbers• Driver’s license number• Insurance policy numbers (medical and auto)• Date of birth• State or employee identification numberHere are some basic things to look out for when

trying to determine if something is a scam or not.UNIVERSAL RULES

• If it is too good to be true, it probably is.• When in doubt, check it out.• A bank, credit card company, or utility company

will never ask for your personal information by e-mail, whether you have an account or not…pe-riod.

COMPANIES YOU MAY ALREADY BE DOING BUSINESS WITH

• Banks will always conduct all business con-versations with you either in writing via post-al mail or over the phone. In both instances they will identify you by name and already have your account information in hand. They

Is it too good to be true?!!!

have no need to request your account infor-mation.

• Companies that do business strictly online (such as PayPal or Amazon) will address you by name. Never by “Dear Customer” or Dear youraddress@email.com (mailto:your ad-dress@e-mail.com).”

• When in doubt, access your account directly with the company. Do not click on any links in any emails. Do not go to any websites they ask you to view. Always go directly to that com-pany’s homepage and access your account. If there is a legitimate problem, the company will tell you when you access your account.

I JUST GOT A NOTICE THAT I WON A PRIZE/LOTTO. IS IT LEGITIMATE?

• Did you enter this contest or buy a ticket? You cannot win if you did not enter.

• If it appears to be from a known company, contact the company and see if they legiti-mately have funded this contest.

• Is this contest/lotto in the United States? If not, then it is most likely a scam. England, Canada, Spain and the Netherlands (to name a few of the most popular variations) do not have a national lottery.

• If the conditions of receiving your prize in-clude sending money to “pay for taxes and fees” then it is a scam. Legitimate prize-giving institutions take the tax fees out of the win-nings so you don’t have to deal with it. If not, you will be asked to pay the taxes after you receive the prize money as part of your regu-larly scheduled yearly tax period. If there are “up front” costs before the prize is awarded, it is most certainly a scam.

• A common scam trick is to send a check to the victim requesting the victim to keep some of the money and send the balance back. This is always an indication of a scam.

Instead of the John, I call my bathroom the

Jim. That way it sounds better when I say I go to the Jim first thing every

morning!!!

First National Bank Offers IRA OptionsTraditional IRA, Roth

IRA, SEP contributions, Simple IRA and Inher-ited IRA. How about beneficiaries, transfers, minimum distributions and all other IRA op-tions? These are some of the retirement issues that we expect you may have questions about. We are very pleased to assure you that we have all the answers you need. At every location of First National Bank you will find a cus-tomer service representative that you can rely on for IRA support! Their training, experience and knowl-edge will help you to understand how these retire-ment plans can work for you. First National Bank offers top notch customer service and support. If you have IRA investments in different financial institu-tions, or if you have a plan lingering in your old em-ployers benefit plan, we can help protect your invest-ment. Think about moving your retirement dollars to First National Bank. Call any branch (locations and phone numbers are on the back page of the newslet-ter) for IRA answers. Wouldn’t you rather know the people and financial institution that is holding your nest egg? There is no place like home when it comes to who is managing your retirement funds.

Features Traditional IRA Roth IRA

Who can contribute? You can contribute if you (oryour spouse if filing jointly)have taxable compensation butnot after you are age 70½ orolder.

You can contribute at any ageif you (or your spouse if filingjointly) have taxablecompensation and yourmodified adjusted grossincome is below certainamounts (see 2016 and 2017limits).

Are my contributionsdeductible?

You can deduct yourcontributions if you qualify.

Your contributions aren’tdeductible.

How much can I contribute? The most you can contribute to all of your traditional and RothIRAs is the smaller of:

$5,500 (for 2015 - 2017), or $6,500 if you’re age 50 or olderby the end of the year; oryour taxable compensation for the year.

What is the deadline to makecontributions?

Your tax return filing deadline (not including extensions). Forexample, you have until April 17, 2017, to make your 2016contribution, but please see IRS Publication 509, TaxCalendars, for how statewide holidays may delay this deadlineto April 17, 2017.

When can I withdrawmoney?

You can withdraw money anytime.

Do I have to take requiredminimum distributions?

You must start takingdistributions by April 1following the year in which youturn age 70½ and byDecember 31 of later years.

Not required if you are theoriginal owner.

Are my withdrawals anddistributions taxable?

Any deductible contributionsand earnings you withdraw orthat are distributed from yourtraditional IRA are taxable.Also, if you are under age 59½ you may have to pay anadditional 10% tax for earlywithdrawals unless you qualifyfor an exception.

None if it’s a qualifieddistribution (or a withdrawalthat is a qualified distribution).Otherwise, part of thedistribution or withdrawal maybe taxable. If you are underage 59 ½, you may also haveto pay an additional 10% taxfor early withdrawals unlessyou qualify for an exception.

P.O. Box 520, Walker, MN 56484

Forwarding Service Requested

PRST STDU.S. POSTAGE

PAIDPERMIT NO. 50WALKER, MN

Walker • 218-547-1160Lobby

Monday-Thursday 8:30 to 4:30Friday 8:30 to 5:30Saturday 8:30 to 12:00

Walk-up/Drive-upMonday-Friday 7:30 to 6:00Saturday 8:00 to 12:00

Backus, Hackensack, & RemerLobby

Monday-Thursday 9:00 to 4:00Friday 9:00 to 5:00Saturday Closed

Walk-up/Drive-upMonday-Thursday 8:00 to 5:00Friday 8:00 to 6:00Saturday 9:00 to 12:00

Longville Main OfficeLobby

Monday-Thursday 9:00 to 4:00Friday 9:00 to 5:00Saturday Closed

Walk UpMonday -Friday 8:00-5:00Saturday Closed

Longville Drive Up OfficeMonday-Thursday 8:00 to 5:00Friday 8:00 to 6:00Saturday 9:00 to12:00

AkeleyLobby

Monday-Thursday 9:00 to 4:00Friday 9:00 to 5:00Saturday Closed

Drive-UpMonday-Thursday 9:00 to 5:00Friday 9:00 to 6:00Saturday 9:00 to 12:00

Baxter, Pequot Lakes & CrosslakeLobby

Monday-Friday 8:30 to 5:00Walk-up/Drive -up

Monday-Friday 7:30 to 6:00Saturday 8:30 to 12:00

www.fnbnorth.comATM’s available at all locations.

FALL CAR CARE CHECKLIST:

OIL CHANGE• Many motorists believe

their car’s oil should be changed every 3,000 miles, however most late-model vehicles now can go 5,000 to 7,000 miles between oil changes. Check your owner’s manual and get on a routine to good car care.

TIRES• Check tire pressures and tread depth. Check the pressure on all the

tires – including the spare – with a quality gauge when the tires are cold. Be sure to look for recommended pressure on the driver’s door jamb and NOT the tire wall.

BATTERY• Ensure the battery cable connections are tight, and the terminals are

free from corrosion, if the battery is more than three years old, it’s a good idea to have it tested to determine how much life it has left.

WIPER BLADES• Wiper blades should completely clear the glass with each swipe. Make

sure the windshield washer reservoir is filled.BRAKES

• Driving on worn brake pads not only decreases stopping power, but can damage brake rotors as well.

LIGHTS• Winter days mean longer nights. Make sure all of your vehicles lights

are functioning.GAS MILEAGE

• Keep your car properly tuned to improve gas mileage by an average of 4 percent.