Minnesota Bank & Trust in Edina, Minnesota (MN)
| Minnesota Bank & Trust | |
|---|---|
| General | FDIC Certificate #: 58818 Status: Active Federal Reserve ID: 3686928 Bank Holding Company (Regulatory Top Holder): Heartland Financial Usa, Inc. (RSSDID: 1206546, Location: Dubuque, IA) Date Established: April 15, 2008 WWW: http://www.mnbankandtrust.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 469351 Numeric code: 21 Regulator: FDIC 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: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: April 15, 2008 Last Structure Change Effective Date: April 16, 2008 Last Structure Change Process Date: March 04, 2009 Last Data Update: March 04, 2009 Data Source Date: April 05, 2012 |
| Location | Address: 7701 France Avenue South, Edina, MN 55435 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) |
| Financial Summary | Total assets: $81.5 mil Equity capital: $13.9 mil Deposits held in domestic offices: $66.9 mil Return on assets (ROA): -0.26% (-$0.2 mil) Quarterly return on assets: -0.80% (-$0.6 mil) Return on Equity (ROE): -1.31% (-$0.2 mil) Quarterly return on equity: -4.50% (-$0.6 mil) Net income: -$0.2 mil Quarterly Net income: -$0.2 mil Pretax return on assets: -0.53% (-$431.7 mil) Quarterly Pretax return on assets: -1.35% (-$1,099.7 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 23 |
| Total assets | $81,457 |
| Cash and due from depository institutions | $1,912 |
| Interest-bearing balances | $5 |
| Securities | $16,223 |
| Federal funds sold & reverse repurchase agreements | $2,400 |
| Net loans & leases | $57,470 |
| Loan loss allowance | $587 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $278 |
| Other real estate owned | $1,640 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,534 |
| Life insurance assets | $81,457 |
| Total liabilities and capital | $67,589 |
| Total liabilities | $66,874 |
| Total deposits | $44,550 |
| Interest-bearing deposits | $66,874 |
| Deposits held in domestic offices | $70 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $715 |
| All other liabilities | $13,868 |
| Total equity capital | $13,868 |
| Total bank equity capital | $13,868 |
| Perpetual preferred stock | $0 |
| Common stock | $165 |
| Surplus | $14,015 |
| Undivided profits | $-312 |
| 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 | $6 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $261 |
| Average Assets, year-to-date | $76,098 |
| Average Assets, quarterly | $17,962 |
| Volatile liabilities | $68,942 |
| Insider loans | $78,239 |
| FHLB advances | $67,259 |
| Loans and leases held for sale | $80,382 |
| Unused loan commitments | $680 |
| Tier 1 (core) risk-based capital | $680 |
| Tier 2 risk-based capital | $13,290 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $38,983 |
| Derivatives | $158 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $3,272 |
| Total interest expense | $328 |
| Net interest income | $2,944 |
| Provision for loan and lease losses | $299 |
| Total noninterest income | $483 |
| Fiduciary activities | $223 |
| Service charges on deposit accounts | $111 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $149 |
| Total noninterest expense | $3,575 |
| Salaries and employee benefits | $2,120 |
| Premises and equipment expense | $320 |
| Additional noninterest expense | $1,135 |
| Pre-tax net operating income | -$447 |
| Securities gains (losses) | $82 |
| Applicable income taxes | -$184 |
| Income before extraordinary items | -$181 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$181 |
| Net charge-offs | $0 |
| Cash dividends | -$181 |
| Sale, conversion, retirement of capital stock, net | $277 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.09% |
| Cost of funding earning assets | 0.51% |
| Net interest margin | 4.58% |
| Noninterest income to earning assets | 0.75% |
| Noninterest expense to earning assets | 5.56% |
| Net operating income to assets | -0.34% |
| Return on assets (ROA) | -0.26% |
| Pretax return on assets | -0.53% |
| Return on equity (ROE) | -1.31% |
| Retained earnings to average equity (YTD only) | -1.31% |
| Net charge-offs to loans | 0.61% |
| Credit loss provision to net charge-offs | 107.94% |
| Efficiency ratio | -0.53% |
| Assets per employee | $104,319 |
| Cash dividends to net income (YTD only) | 3.54% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.01% |
| Noncurrent assets plus other real estate owned to assets | 9783.33% |
| Noncurrent loans to loans | 2.02% |
| Net loans and leases to deposits | 0.01% |
| Net loans and leases to core deposits | 85.94% |
| Equity capital to assets | 86.36% |
| Core capital (leverage) ratio | 17.02% |
| Tier 1 risk-based capital ratio | 16.53% |
| Total risk-based capital ratio | 19.76% |
| Memoranda | |
| Average assets | $21 |
| Average earning assets | $68,942 |
| Average equity | $13,828 |
| Average loans | $64,297 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $27,602 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $26,102 |
| Employee benefit-defined contribution accounts | $1,754 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $9,650 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $14,463 |
| Fiduciary accounts held in foreign offices | $235 |
| Non-managed Assets | $0 |
| Number of Accounts | 40 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $9,650 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $1,500 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $239 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 469351 | Minnesota Bank & Trust | 7701 France Avenue South, Edina, MN 55435 | April 15, 2008 | Full Service Brick and Mortar |  |
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