Olmsted National Bank in Rochester, Minnesota (MN)
| Olmsted National Bank | |
|---|---|
| General | FDIC Certificate #: 34171 Status: Active Federal Reserve ID: 2391588 Bank Holding Company (Regulatory Top Holder): Olmsted Holding Corporation (RSSDID: 3153260, Location: Rochester, MN) Date Established: May 09, 1996 WWW: http://www.bankononb.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: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 56828 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: May 09, 1996 Last Structure Change Effective Date: April 10, 2006 Last Structure Change Process Date: January 24, 2007 Last Data Update: January 24, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 975 34th Avenue Nw, Rochester, MN 55901 County: Olmsted 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): Rochester, MN (#6820) Core Based Statistical Area (CBSA): Rochester, MN (#40340) CBSA Metro Statistical Area: Rochester, MN (#40340) |
| History of Changes | Change in Location |
| Financial Summary | Total assets: $51.1 mil Equity capital: $5.0 mil Deposits held in domestic offices: $44.9 mil Return on assets (ROA): -2.63% (-$1.3 mil) Quarterly return on assets: -9.42% (-$4.8 mil) Return on Equity (ROE): -23.53% (-$1.2 mil) Quarterly return on equity: -87.85% (-$4.4 mil) Net income: -$1.4 mil Quarterly Net income: -$1.2 mil Pretax return on assets: -2.63% (-$1,344.4 mil) Quarterly Pretax return on assets: -9.42% (-$4,815.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 16 |
| Total assets | $51,118 |
| Cash and due from depository institutions | $3,765 |
| Interest-bearing balances | $1,545 |
| Securities | $4,504 |
| Federal funds sold & reverse repurchase agreements | $2,534 |
| Net loans & leases | $35,242 |
| Loan loss allowance | $728 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,073 |
| Other real estate owned | $2,634 |
| Goodwill and other intangibles | $655 |
| All other assets | $711 |
| Life insurance assets | $51,118 |
| Total liabilities and capital | $46,137 |
| Total liabilities | $44,882 |
| Total deposits | $38,260 |
| Interest-bearing deposits | $44,882 |
| Deposits held in domestic offices | $100 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $1,125 |
| Other borrowed funds | $0 |
| Subordinated debt | $130 |
| All other liabilities | $4,981 |
| Total equity capital | $4,981 |
| Total bank equity capital | $4,981 |
| Perpetual preferred stock | $0 |
| Common stock | $200 |
| Surplus | $9,042 |
| Undivided profits | $-4,261 |
| 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 | $148 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $145 |
| Average Assets, year-to-date | $43,825 |
| Average Assets, quarterly | $4,659 |
| Volatile liabilities | $53,925 |
| Insider loans | $52,414 |
| FHLB advances | $37,462 |
| Loans and leases held for sale | $51,372 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $4,246 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $3,507 |
| Derivatives | $110 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,646 |
| Total interest expense | $642 |
| Net interest income | $2,004 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $446 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $56 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $390 |
| Total noninterest expense | $3,910 |
| Salaries and employee benefits | $1,105 |
| Premises and equipment expense | $750 |
| Additional noninterest expense | $2,055 |
| Pre-tax net operating income | -$1,460 |
| Securities gains (losses) | $44 |
| Applicable income taxes | $2 |
| Income before extraordinary items | -$1,418 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$1,418 |
| Net charge-offs | $0 |
| Cash dividends | -$1,418 |
| Sale, conversion, retirement of capital stock, net | $116 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.82% |
| Cost of funding earning assets | 1.41% |
| Net interest margin | 4.41% |
| Noninterest income to earning assets | 0.98% |
| Noninterest expense to earning assets | 8.61% |
| Net operating income to assets | -2.71% |
| Return on assets (ROA) | -2.63% |
| Pretax return on assets | -2.63% |
| Return on equity (ROE) | -23.53% |
| Retained earnings to average equity (YTD only) | -23.53% |
| Net charge-offs to loans | 0.30% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | -12.59% |
| Assets per employee | $112,122 |
| Cash dividends to net income (YTD only) | 3.19% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.02% |
| Noncurrent assets plus other real estate owned to assets | 491.89% |
| Noncurrent loans to loans | 5.44% |
| Net loans and leases to deposits | 0.41% |
| Net loans and leases to core deposits | 78.52% |
| Equity capital to assets | 80.37% |
| Core capital (leverage) ratio | 9.74% |
| Tier 1 risk-based capital ratio | 8.27% |
| Total risk-based capital ratio | 11.33% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $53,925 |
| Average equity | $6,027 |
| Average loans | $45,428 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 56828 | Olmsted National Bank | 975 34th Avenue Nw, Rochester, MN 55901 | May 09, 1996 | Full Service Brick and Mortar |  |
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