North American Banking Company in Roseville, Minnesota (MN)
| North American Banking Company | |
|---|---|
| General | FDIC Certificate #: 34836 Status: Active Federal Reserve ID: 2631846 Bank Holding Company (Regulatory Top Holder): N.A. Corporation (RSSDID: 2631798, Location: Roseville, MN) Date Established: July 21, 1998 WWW: http://www.nabankco.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 #: 61748 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: July 21, 1998 Last Structure Change Effective Date: Febuary 29, 2012 Last Structure Change Process Date: Febuary 29, 2012 Last Data Update: Febuary 29, 2012 Data Source Date: April 05, 2012 |
| Location | Address: 2230 Albert Street, Roseville, MN 55113 County: Ramsey 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: $253.1 mil Equity capital: $27.6 mil Deposits held in domestic offices: $217.6 mil Return on assets (ROA): 0.36% ($0.9 mil) Quarterly return on assets: 0.38% ($1.0 mil) Return on Equity (ROE): 3.39% ($0.9 mil) Quarterly return on equity: 3.44% ($1.0 mil) Net income: $0.9 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.53% ($1,341.6 mil) Quarterly Pretax return on assets: 0.58% ($1,468.2 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 58 |
| Total assets | $253,140 |
| Cash and due from depository institutions | $14,958 |
| Interest-bearing balances | $6,637 |
| Securities | $33,813 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $173,180 |
| Loan loss allowance | $2,910 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,586 |
| Other real estate owned | $8,782 |
| Goodwill and other intangibles | $0 |
| All other assets | $13,821 |
| Life insurance assets | $253,140 |
| Total liabilities and capital | $225,564 |
| Total liabilities | $217,627 |
| Total deposits | $156,610 |
| Interest-bearing deposits | $217,627 |
| Deposits held in domestic offices | $80 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $6,500 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,437 |
| All other liabilities | $27,576 |
| Total equity capital | $27,576 |
| Total bank equity capital | $27,576 |
| Perpetual preferred stock | $0 |
| Common stock | $1,000 |
| Surplus | $27,500 |
| Undivided profits | $-924 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $583 |
| Income earned, not collected on loans | $2,965 |
| Earning assets | $13 |
| Long-term assets (5+ years) | $845 |
| Average Assets, year-to-date | $213,630 |
| Average Assets, quarterly | $92,260 |
| Volatile liabilities | $255,600 |
| Insider loans | $246,575 |
| FHLB advances | $209,958 |
| Loans and leases held for sale | $254,438 |
| Unused loan commitments | $7,795 |
| Tier 1 (core) risk-based capital | $7,740 |
| Tier 2 risk-based capital | $26,021 |
| Total risk weighted assets | $55 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $34,626 |
| Derivatives | $4,434 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $11,555 |
| Total interest expense | $3,568 |
| Net interest income | $7,987 |
| Provision for loan and lease losses | $636 |
| Total noninterest income | $3,706 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $735 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $2,971 |
| Total noninterest expense | $10,040 |
| Salaries and employee benefits | $5,010 |
| Premises and equipment expense | $1,630 |
| Additional noninterest expense | $3,400 |
| Pre-tax net operating income | $1,017 |
| Securities gains (losses) | $330 |
| Applicable income taxes | $434 |
| Income before extraordinary items | $913 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $913 |
| Net charge-offs | $0 |
| Cash dividends | $913 |
| Sale, conversion, retirement of capital stock, net | $951 |
| Net operating income | $200 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.28% |
| Cost of funding earning assets | 1.63% |
| Net interest margin | 3.65% |
| Noninterest income to earning assets | 1.69% |
| Noninterest expense to earning assets | 4.59% |
| Net operating income to assets | 0.27% |
| Return on assets (ROA) | 0.36% |
| Pretax return on assets | 0.53% |
| Return on equity (ROE) | 3.39% |
| Retained earnings to average equity (YTD only) | 2.65% |
| Net charge-offs to loans | 0.55% |
| Credit loss provision to net charge-offs | 66.88% |
| Efficiency ratio | 1.74% |
| Assets per employee | $85,863 |
| Cash dividends to net income (YTD only) | 4.36% |
| Condition Ratios (%) | |
| Loss allowance to loans | 21.91% |
| Loss allowance to noncurrent loans | 1.65% |
| Noncurrent assets plus other real estate owned to assets | 98.15% |
| Noncurrent loans to loans | 4.64% |
| Net loans and leases to deposits | 1.68% |
| Net loans and leases to core deposits | 79.58% |
| Equity capital to assets | 95.91% |
| Core capital (leverage) ratio | 10.89% |
| Tier 1 risk-based capital ratio | 10.23% |
| Total risk-based capital ratio | 12.39% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $255,600 |
| Average equity | $26,909 |
| Average loans | $218,814 |
| 4 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 61748 | North American Banking Company | 2230 Albert Street, Roseville, MN 55113 | July 21, 1998 | Full Service Brick and Mortar |  |
| 1 | 360243 | North American Banking Company | 4999 France Avenue, Minneapolis, MN 55410 | April 16, 2000 | Full Service Brick and Mortar |  |
| 2 | 447223 | North American Banking Company | 1620 Frontage Road, Hastings, MN 55033 | November 14, 2005 | Full Service Brick and Mortar | |
| 3 | 450823 | Woodbury Branch | 9260 Hudson Road, Woodbury, MN 55125 | April 17, 2006 | Full Service Brick and Mortar | |
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