Minnwest Bank Metro in Eagan, Minnesota (MN)
| Minnwest Bank Metro | |
|---|---|
| General | FDIC Certificate #: 17898 Status: Active Federal Reserve ID: 790851 Bank Holding Company (Regulatory Top Holder): Minnwest Corporation (RSSDID: 1141348, Location: Minnetonka, MN) Date Established: August 18, 1958 WWW: http://www.minnwestbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Domestic: 4, Interstate: No) FDIC's unique #: 11837 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: August 18, 1958 Last Structure Change Effective Date: October 15, 2008 Last Structure Change Process Date: November 24, 2008 Last Data Update: November 24, 2008 Data Source Date: April 05, 2012 |
| Location | Address: 1150 Yankee Doodle Road, Eagan, MN 55120 County: Dakota 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 | Change in Location |
| Financial Summary | Total assets: $234.7 mil Equity capital: $22.4 mil Deposits held in domestic offices: $189.0 mil Return on assets (ROA): -1.67% (-$3.9 mil) Quarterly return on assets: -1.84% (-$4.3 mil) Return on Equity (ROE): -19.57% (-$4.3 mil) Quarterly return on equity: -19.80% (-$4.4 mil) Net income: -$4.2 mil Quarterly Net income: -$1.1 mil Pretax return on assets: -2.75% (-$6,455.6 mil) Quarterly Pretax return on assets: -3.04% (-$7,136.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 47 |
| Total assets | $234,749 |
| Cash and due from depository institutions | $27,630 |
| Interest-bearing balances | $24,878 |
| Securities | $29,647 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $151,641 |
| Loan loss allowance | $3,447 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,870 |
| Other real estate owned | $13,452 |
| Goodwill and other intangibles | $103 |
| All other assets | $6,406 |
| Life insurance assets | $234,749 |
| Total liabilities and capital | $212,303 |
| Total liabilities | $189,048 |
| Total deposits | $172,749 |
| Interest-bearing deposits | $189,048 |
| Deposits held in domestic offices | $96 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $21,650 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,605 |
| All other liabilities | $22,446 |
| Total equity capital | $22,446 |
| Total bank equity capital | $22,446 |
| Perpetual preferred stock | $0 |
| Common stock | $225 |
| Surplus | $44,775 |
| Undivided profits | $-22,554 |
| 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 | $10,274 |
| Earning assets | $15 |
| Long-term assets (5+ years) | $702 |
| Average Assets, year-to-date | $206,166 |
| Average Assets, quarterly | $9,775 |
| Volatile liabilities | $253,605 |
| Insider loans | $239,305 |
| FHLB advances | $171,556 |
| Loans and leases held for sale | $239,781 |
| Unused loan commitments | $230 |
| Tier 1 (core) risk-based capital | $230 |
| Tier 2 risk-based capital | $20,466 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $14,208 |
| Derivatives | $5 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $9,667 |
| Total interest expense | $3,504 |
| Net interest income | $6,163 |
| Provision for loan and lease losses | $660 |
| Total noninterest income | -$2,703 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $300 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$3,003 |
| Total noninterest expense | $9,783 |
| Salaries and employee benefits | $3,627 |
| Premises and equipment expense | $645 |
| Additional noninterest expense | $5,511 |
| Pre-tax net operating income | -$6,983 |
| Securities gains (losses) | $0 |
| Applicable income taxes | -$2,738 |
| Income before extraordinary items | -$4,245 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$4,245 |
| Net charge-offs | $0 |
| Cash dividends | -$4,245 |
| Sale, conversion, retirement of capital stock, net | $1,775 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.41% |
| Cost of funding earning assets | 1.60% |
| Net interest margin | 2.81% |
| Noninterest income to earning assets | -1.23% |
| Noninterest expense to earning assets | 4.46% |
| Net operating income to assets | -1.67% |
| Return on assets (ROA) | -1.67% |
| Pretax return on assets | -2.75% |
| Return on equity (ROE) | -19.57% |
| Retained earnings to average equity (YTD only) | -19.57% |
| Net charge-offs to loans | 1.13% |
| Credit loss provision to net charge-offs | 37.18% |
| Efficiency ratio | -3.56% |
| Assets per employee | $279,191 |
| Cash dividends to net income (YTD only) | 4.99% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.22% |
| Noncurrent assets plus other real estate owned to assets | 33.55% |
| Noncurrent loans to loans | 10.11% |
| Net loans and leases to deposits | 6.62% |
| Net loans and leases to core deposits | 80.21% |
| Equity capital to assets | 86.50% |
| Core capital (leverage) ratio | 9.56% |
| Tier 1 risk-based capital ratio | 8.54% |
| Total risk-based capital ratio | 11.93% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $253,605 |
| Average equity | $21,692 |
| Average loans | $219,284 |
| 4 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 11837 | Minnwest Bank Metro | 1150 Yankee Doodle Road, Eagan, MN 55120 | August 18, 1958 | Full Service Brick and Mortar |  |
| 3 | 7034 | Hammond Branch | Main Street, Hammond, MN 55991 | January 01, 1924 | Full Service Brick and Mortar |  |
| 4 | 189465 | Rochester Office | 331 16th Ave Nw, Rochester, MN 55901 | December 01, 1997 | Full Service Brick and Mortar | |
| 5 | 446098 | Minnetonka Branch | 14820 Hwy 7, Minnetonka, MN 55345 | December 05, 2005 | Full Service Brick and Mortar | |
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