Peoples Bank of Commerce in Cambridge, Minnesota (MN)
| Peoples Bank of Commerce | |
|---|---|
| General | FDIC Certificate #: 10192 Status: Active Federal Reserve ID: 151751 Bank Holding Company (Regulatory Top Holder): Duke Financial Group, Inc. (RSSDID: 1127913, Location: Minneapolis, MN) Date Established: November 28, 1916 WWW: http://www.e-pbc.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Domestic: 6, Interstate: No) OTS Docket #: 11597 FDIC's unique #: 6531 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: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: April 17, 2006 Last Structure Change Process Date: April 18, 2006 Last Data Update: April 18, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 234 First Avenue East, Cambridge, MN 55008 County: Isanti 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: $296.0 mil Equity capital: $37.1 mil Deposits held in domestic offices: $232.7 mil Return on assets (ROA): 0.94% ($2.8 mil) Quarterly return on assets: 0.48% ($1.4 mil) Return on Equity (ROE): 7.80% ($2.9 mil) Quarterly return on equity: 3.82% ($1.4 mil) Net income: $2.9 mil Quarterly Net income: $0.4 mil Pretax return on assets: 0.94% ($2,782.7 mil) Quarterly Pretax return on assets: 0.48% ($1,421.0 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 70 |
| Total assets | $296,033 |
| Cash and due from depository institutions | $8,160 |
| Interest-bearing balances | $2,947 |
| Securities | $79,435 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $192,565 |
| Loan loss allowance | $3,987 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,532 |
| Other real estate owned | $5,634 |
| Goodwill and other intangibles | $0 |
| All other assets | $7,707 |
| Life insurance assets | $296,033 |
| Total liabilities and capital | $258,920 |
| Total liabilities | $232,728 |
| Total deposits | $183,781 |
| Interest-bearing deposits | $232,728 |
| Deposits held in domestic offices | $87 |
| % insured (estimated) | 10090.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $13,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $3,102 |
| All other liabilities | $37,113 |
| Total equity capital | $37,113 |
| Total bank equity capital | $37,113 |
| Perpetual preferred stock | $0 |
| Common stock | $1,000 |
| Surplus | $23,000 |
| Undivided profits | $13,113 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $1,165 |
| Income earned, not collected on loans | $11,605 |
| Earning assets | $362 |
| Long-term assets (5+ years) | $1,097 |
| Average Assets, year-to-date | $274,947 |
| Average Assets, quarterly | $68,972 |
| Volatile liabilities | $304,442 |
| Insider loans | $298,761 |
| FHLB advances | $223,565 |
| Loans and leases held for sale | $299,817 |
| Unused loan commitments | $4,621 |
| Tier 1 (core) risk-based capital | $4,621 |
| Tier 2 risk-based capital | $34,398 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $24,951 |
| Derivatives | $5,629 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $15,500 |
| Total interest expense | $2,220 |
| Net interest income | $13,280 |
| Provision for loan and lease losses | $1,250 |
| Total noninterest income | $1,590 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $692 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $898 |
| Total noninterest expense | $10,767 |
| Salaries and employee benefits | $5,709 |
| Premises and equipment expense | $1,460 |
| Additional noninterest expense | $3,598 |
| Pre-tax net operating income | $2,853 |
| Securities gains (losses) | $2 |
| Applicable income taxes | $5 |
| Income before extraordinary items | $2,850 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,850 |
| Net charge-offs | $0 |
| Cash dividends | $2,850 |
| Sale, conversion, retirement of capital stock, net | $1,915 |
| Net operating income | $2,167 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.48% |
| Cost of funding earning assets | 0.78% |
| Net interest margin | 4.69% |
| Noninterest income to earning assets | 0.56% |
| Noninterest expense to earning assets | 3.80% |
| Net operating income to assets | 0.94% |
| Return on assets (ROA) | 0.94% |
| Pretax return on assets | 0.94% |
| Return on equity (ROE) | 7.80% |
| Retained earnings to average equity (YTD only) | 1.87% |
| Net charge-offs to loans | 0.90% |
| Credit loss provision to net charge-offs | 65.27% |
| Efficiency ratio | 2.14% |
| Assets per employee | $72,408 |
| Cash dividends to net income (YTD only) | 4.23% |
| Condition Ratios (%) | |
| Loss allowance to loans | 76.04% |
| Loss allowance to noncurrent loans | 2.03% |
| Noncurrent assets plus other real estate owned to assets | 34.36% |
| Noncurrent loans to loans | 5.82% |
| Net loans and leases to deposits | 5.90% |
| Net loans and leases to core deposits | 82.74% |
| Equity capital to assets | 85.62% |
| Core capital (leverage) ratio | 12.54% |
| Tier 1 risk-based capital ratio | 11.47% |
| Total risk-based capital ratio | 15.39% |
| Memoranda | |
| Average assets | $17 |
| Average earning assets | $304,442 |
| Average equity | $36,542 |
| Average loans | $282,994 |
| 6 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6531 | Peoples Bank Of Commerce | 234 First Avenue East, Cambridge, MN 55008 | November 28, 1916 | Full Service Brick and Mortar |  |
| 1 | 221995 | East Bethel Branch | 21420 Aberdeen Street, Cedar, MN 55011 | June 16, 1980 | Full Service Brick and Mortar |  |
| 2 | 15677 | Princeton Branch | 209 South Rum River Drive, Princeton, MN 55371 | June 23, 1977 | Full Service Brick and Mortar | |
| 3 | 221996 | St Paul Branch | 43 East Kellogg Boulevard, Saint Paul, MN 55101 | August 12, 1996 | Full Service Brick and Mortar | |
| 5 | 425203 | East Cambridge Branch | 1990 Second Avenue S.E., Cambridge, MN 55008 | October 14, 2003 | Full Service Brick and Mortar | |
| 6 | 446184 | Edina Branch | 3316 West 66th Street, Edina, MN 55435 | December 19, 2005 | Full Service Brick and Mortar | |
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