Patriot Bank Minnesota in Forest Lake, Minnesota (MN)
| Patriot Bank Minnesota | |
|---|---|
| General | FDIC Certificate #: 34823 Status: Inactive Closing history: Absorption - Assisted Acquiring institution: First Resource Bank (#58039) Federal Reserve ID: 2646327 Bank Holding Company (Regulatory Top Holder): Lino Lakes Banc Shares, Inc. (RSSDID: 2646318, Location: Forest Lake, MN) Date Established: July 20, 1998 WWW: http://www.pbminn.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Domestic: 3, Interstate: No) FDIC's unique #: 61735 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 20, 1998 Last Structure Change Effective Date: January 27, 2012 Last Structure Change Process Date: January 30, 2012 Last Data Update: January 30, 2012 Data Source Date: April 05, 2012 |
| Location | Address: 19810 Headwaters Boulevard, Forest Lake, MN 55025 County: Washington 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: $105.0 mil Equity capital: $1.6 mil Deposits held in domestic offices: $102.8 mil Return on assets (ROA): -5.03% (-$5.3 mil) Quarterly return on assets: -2.45% (-$2.6 mil) Return on Equity (ROE): -137.65% (-$2.8 mil) Quarterly return on equity: -139.00% (-$2.8 mil) Net income: -$5.7 mil Quarterly Net income: -$0.7 mil Pretax return on assets: -5.02% (-$5,272.5 mil) Quarterly Pretax return on assets: -2.44% (-$2,562.7 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 28 |
| Total assets | $105,029 |
| Cash and due from depository institutions | $4,836 |
| Interest-bearing balances | $3,739 |
| Securities | $10,600 |
| Federal funds sold & reverse repurchase agreements | $2,760 |
| Net loans & leases | $72,127 |
| Loan loss allowance | $4,219 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,335 |
| Other real estate owned | $8,637 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,734 |
| Life insurance assets | $105,029 |
| Total liabilities and capital | $103,471 |
| Total liabilities | $102,833 |
| Total deposits | $91,969 |
| Interest-bearing deposits | $102,833 |
| Deposits held in domestic offices | $93 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $638 |
| All other liabilities | $1,558 |
| Total equity capital | $1,558 |
| Total bank equity capital | $1,558 |
| Perpetual preferred stock | $0 |
| Common stock | $1,000 |
| Surplus | $14,400 |
| Undivided profits | $-13,842 |
| 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 | $11,407 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $335 |
| Average Assets, year-to-date | $89,226 |
| Average Assets, quarterly | $9,173 |
| Volatile liabilities | $113,438 |
| Insider loans | $108,179 |
| FHLB advances | $91,257 |
| Loans and leases held for sale | $107,353 |
| Unused loan commitments | $786 |
| Tier 1 (core) risk-based capital | $786 |
| Tier 2 risk-based capital | $1,396 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $5,186 |
| Derivatives | $6,252 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,811 |
| Total interest expense | $1,760 |
| Net interest income | $3,051 |
| Provision for loan and lease losses | $3,833 |
| Total noninterest income | -$1,040 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $106 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$1,146 |
| Total noninterest expense | $4,037 |
| Salaries and employee benefits | $1,546 |
| Premises and equipment expense | $604 |
| Additional noninterest expense | $1,887 |
| Pre-tax net operating income | -$5,859 |
| Securities gains (losses) | $160 |
| Applicable income taxes | $5 |
| Income before extraordinary items | -$5,704 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$5,704 |
| Net charge-offs | $0 |
| Cash dividends | -$5,704 |
| Sale, conversion, retirement of capital stock, net | $4,063 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.96% |
| Cost of funding earning assets | 1.82% |
| Net interest margin | 3.15% |
| Noninterest income to earning assets | -1.07% |
| Noninterest expense to earning assets | 4.16% |
| Net operating income to assets | -5.17% |
| Return on assets (ROA) | -5.03% |
| Pretax return on assets | -5.02% |
| Return on equity (ROE) | -137.65% |
| Retained earnings to average equity (YTD only) | -137.65% |
| Net charge-offs to loans | 4.68% |
| Credit loss provision to net charge-offs | 94.34% |
| Efficiency ratio | -0.50% |
| Assets per employee | $200,746 |
| Cash dividends to net income (YTD only) | 3.75% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 5.53% |
| Noncurrent assets plus other real estate owned to assets | 36.99% |
| Noncurrent loans to loans | 19.08% |
| Net loans and leases to deposits | 14.94% |
| Net loans and leases to core deposits | 70.14% |
| Equity capital to assets | 72.92% |
| Core capital (leverage) ratio | 1.48% |
| Tier 1 risk-based capital ratio | 1.30% |
| Total risk-based capital ratio | 1.53% |
| Memoranda | |
| Average assets | $3 |
| Average earning assets | $113,438 |
| Average equity | $4,144 |
| Average loans | $96,935 |
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