Park Midway Bank, National Association in Saint Paul, Minnesota (MN)
| Park Midway Bank, National Association | |
|---|---|
| General | FDIC Certificate #: 1904 Status: Active Federal Reserve ID: 798857 Bank Holding Company (Regulatory Top Holder): University Financial Corp, Inc. Dba Sunrise Community Banks (RSSDID: 1139103, Location: Saint Paul, MN) Date Established: January 01, 1916 WWW: http://www.parkmidwaybank.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: 2 (Domestic: 2, Interstate: No) OTS Docket #: 13409 FDIC's unique #: 1269 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: January 01, 1934 Last Structure Change Effective Date: October 15, 2008 Last Structure Change Process Date: January 29, 2009 Last Data Update: January 29, 2009 Data Source Date: April 05, 2012 |
| Location | Address: 2300 Como Avenue, Saint Paul, MN 55108 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) |
| History of Changes | Name Change Change in Primary Regulatory Agency Change in Supervisory Agency |
| Financial Summary | Total assets: $259.7 mil Equity capital: $27.8 mil Deposits held in domestic offices: $210.3 mil Return on assets (ROA): 0.84% ($2.2 mil) Quarterly return on assets: 0.78% ($2.0 mil) Return on Equity (ROE): 8.14% ($2.3 mil) Quarterly return on equity: 7.32% ($2.0 mil) Net income: $2.2 mil Quarterly Net income: $0.5 mil Pretax return on assets: 0.85% ($2,207.3 mil) Quarterly Pretax return on assets: 0.78% ($2,025.5 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 34 |
| Total assets | $259,682 |
| Cash and due from depository institutions | $11,783 |
| Interest-bearing balances | $6,575 |
| Securities | $27,662 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $205,380 |
| Loan loss allowance | $3,106 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $7,361 |
| Other real estate owned | $2,226 |
| Goodwill and other intangibles | $0 |
| All other assets | $5,270 |
| Life insurance assets | $259,682 |
| Total liabilities and capital | $231,878 |
| Total liabilities | $210,282 |
| Total deposits | $140,014 |
| Interest-bearing deposits | $210,282 |
| Deposits held in domestic offices | $85 |
| % insured (estimated) | 2203.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $19,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $393 |
| All other liabilities | $27,804 |
| Total equity capital | $27,804 |
| Total bank equity capital | $27,804 |
| Perpetual preferred stock | $0 |
| Common stock | $150 |
| Surplus | $20,350 |
| Undivided profits | $7,304 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $22,440 |
| Income earned, not collected on loans | $10,302 |
| Earning assets | $6,240 |
| Long-term assets (5+ years) | $872 |
| Average Assets, year-to-date | $239,617 |
| Average Assets, quarterly | $34,203 |
| Volatile liabilities | $263,003 |
| Insider loans | $258,864 |
| FHLB advances | $191,032 |
| Loans and leases held for sale | $259,370 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $27,340 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $39,412 |
| Derivatives | $8 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $13,250 |
| Total interest expense | $2,011 |
| Net interest income | $11,239 |
| Provision for loan and lease losses | $2,131 |
| Total noninterest income | $1,585 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $734 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $851 |
| Total noninterest expense | $8,476 |
| Salaries and employee benefits | $5,036 |
| Premises and equipment expense | $815 |
| Additional noninterest expense | $2,625 |
| Pre-tax net operating income | $2,217 |
| Securities gains (losses) | $6 |
| Applicable income taxes | $5 |
| Income before extraordinary items | $2,218 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,218 |
| Net charge-offs | $0 |
| Cash dividends | $2,218 |
| Sale, conversion, retirement of capital stock, net | $1,635 |
| Net operating income | $1,743 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.44% |
| Cost of funding earning assets | 0.83% |
| Net interest margin | 4.61% |
| Noninterest income to earning assets | 0.65% |
| Noninterest expense to earning assets | 3.48% |
| Net operating income to assets | 0.84% |
| Return on assets (ROA) | 0.84% |
| Pretax return on assets | 0.85% |
| Return on equity (ROE) | 8.14% |
| Retained earnings to average equity (YTD only) | 1.74% |
| Net charge-offs to loans | 0.77% |
| Credit loss provision to net charge-offs | 130.34% |
| Efficiency ratio | 2.66% |
| Assets per employee | $66,095 |
| Cash dividends to net income (YTD only) | 7.64% |
| Condition Ratios (%) | |
| Loss allowance to loans | 78.58% |
| Loss allowance to noncurrent loans | 1.49% |
| Noncurrent assets plus other real estate owned to assets | 30.15% |
| Noncurrent loans to loans | 4.82% |
| Net loans and leases to deposits | 4.94% |
| Net loans and leases to core deposits | 97.67% |
| Equity capital to assets | 108.56% |
| Core capital (leverage) ratio | 10.71% |
| Tier 1 risk-based capital ratio | 10.54% |
| Total risk-based capital ratio | 14.31% |
| Memoranda | |
| Average assets | $16 |
| Average earning assets | $263,003 |
| Average equity | $27,241 |
| Average loans | $243,613 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 1269 | Park Midway Bank, National Association | 2300 Como Avenue, Saint Paul, MN 55108 | January 01, 1916 | Full Service Brick and Mortar |  |
| 2 | 360237 | St. Paul Branch | 2171 University Avenue, Saint Paul, MN 55114 | March 01, 2001 | Full Service Brick and Mortar |  |
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