Franklin National Bank of Minneapolis in Minneapolis, Minnesota (MN)
| Franklin National Bank of Minneapolis | |
|---|---|
| General | FDIC Certificate #: 18424 Status: Active Federal Reserve ID: 98454 Bank Holding Company (Regulatory Top Holder): University Financial Corp, Inc. Dba Sunrise Community Banks (RSSDID: 1139103, Location: Saint Paul, MN) Date Established: August 01, 1961 WWW: http://www.franklinbankmpls.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Domestic: 4, Interstate: No) OTS Docket #: 11254 FDIC's unique #: 12329 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: August 01, 1961 Last Structure Change Effective Date: July 20, 2009 Last Structure Change Process Date: September 11, 2009 Last Data Update: September 11, 2009 Data Source Date: April 05, 2012 |
| Location | Address: 525 Washington Avenue North, Minneapolis, MN 55401 County: Hennepin Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460) |
| History of Changes | Participated in Absorption/Consolidation/Merger |
| Financial Summary | Total assets: $145.7 mil Equity capital: $21.1 mil Deposits held in domestic offices: $118.8 mil Return on assets (ROA): 1.10% ($1.6 mil) Quarterly return on assets: 2.63% ($3.8 mil) Return on Equity (ROE): 7.51% ($1.6 mil) Quarterly return on equity: 18.62% ($3.9 mil) Net income: $1.5 mil Quarterly Net income: $1.0 mil Pretax return on assets: 1.10% ($1,602.7 mil) Quarterly Pretax return on assets: 2.63% ($3,831.8 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 38 |
| Total assets | $145,697 |
| Cash and due from depository institutions | $8,122 |
| Interest-bearing balances | $3,395 |
| Securities | $23,857 |
| Federal funds sold & reverse repurchase agreements | $204 |
| Net loans & leases | $103,619 |
| Loan loss allowance | $1,149 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,283 |
| Other real estate owned | $2,860 |
| Goodwill and other intangibles | $178 |
| All other assets | $2,574 |
| Life insurance assets | $145,697 |
| Total liabilities and capital | $124,557 |
| Total liabilities | $118,809 |
| Total deposits | $69,250 |
| Interest-bearing deposits | $118,809 |
| Deposits held in domestic offices | $97 |
| % insured (estimated) | 558.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $5,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $190 |
| All other liabilities | $21,140 |
| Total equity capital | $21,140 |
| Total bank equity capital | $21,140 |
| Perpetual preferred stock | $0 |
| Common stock | $400 |
| Surplus | $13,650 |
| Undivided profits | $7,090 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $992 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $572 |
| Average Assets, year-to-date | $131,075 |
| Average Assets, quarterly | $31,129 |
| Volatile liabilities | $138,315 |
| Insider loans | $147,205 |
| FHLB advances | $110,363 |
| Loans and leases held for sale | $147,301 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $20,372 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $12,927 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $7,367 |
| Total interest expense | $499 |
| Net interest income | $6,868 |
| Provision for loan and lease losses | -$68 |
| Total noninterest income | $912 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $866 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $46 |
| Total noninterest expense | $6,717 |
| Salaries and employee benefits | $3,722 |
| Premises and equipment expense | $895 |
| Additional noninterest expense | $2,100 |
| Pre-tax net operating income | $1,131 |
| Securities gains (losses) | $395 |
| Applicable income taxes | $5 |
| Income before extraordinary items | $1,521 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,521 |
| Net charge-offs | $0 |
| Cash dividends | $1,521 |
| Sale, conversion, retirement of capital stock, net | $123 |
| Net operating income | $322 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.95% |
| Cost of funding earning assets | 0.40% |
| Net interest margin | 5.55% |
| Noninterest income to earning assets | 0.74% |
| Noninterest expense to earning assets | 5.43% |
| Net operating income to assets | 0.81% |
| Return on assets (ROA) | 1.10% |
| Pretax return on assets | 1.10% |
| Return on equity (ROE) | 7.51% |
| Retained earnings to average equity (YTD only) | 5.92% |
| Net charge-offs to loans | 0.12% |
| Credit loss provision to net charge-offs | -55.28% |
| Efficiency ratio | 8.64% |
| Assets per employee | $85,887 |
| Cash dividends to net income (YTD only) | 3.83% |
| Condition Ratios (%) | |
| Loss allowance to loans | 21.17% |
| Loss allowance to noncurrent loans | 1.10% |
| Noncurrent assets plus other real estate owned to assets | 115.83% |
| Noncurrent loans to loans | 2.64% |
| Net loans and leases to deposits | 0.95% |
| Net loans and leases to core deposits | 87.21% |
| Equity capital to assets | 100.79% |
| Core capital (leverage) ratio | 14.51% |
| Tier 1 risk-based capital ratio | 13.83% |
| Total risk-based capital ratio | 18.46% |
| Memoranda | |
| Average assets | $20 |
| Average earning assets | $138,315 |
| Average equity | $20,257 |
| Average loans | $123,760 |
| 4 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 12329 | Franklin National Bank Of Minneapoli | 525 Washington Avenue North, Minneapolis, MN 55401 | August 01, 1961 | Full Service Brick and Mortar |  |
| 4 | 363253 | Blaisdell Avenue Branch | 2100 Blaisdell Avenue North, Minneapolis, MN 55404 | December 03, 2001 | Full Service Brick and Mortar |  |
| 5 | 480384 | Lake Street Branch | 1527 East Lake Street, Minneapolis, MN 55407 | April 14, 2008 | Full Service Brick and Mortar | |
| 7 | 521312 | Karmel Office Branch | 2910 Pillsbury Ave, Minneapolis, MN 55404 | August 18, 2010 | Full Service Retail | |
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