Premier Bank in Maplewood, Minnesota (MN)
| Premier Bank | |
|---|---|
| General | FDIC Certificate #: 21714 Status: Active Federal Reserve ID: 33259 Date Established: August 01, 1974 WWW: http://www.premierbanks.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Domestic: 7, Interstate: No) OTS Docket #: 11890 FDIC's unique #: 15029 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: August 01, 1974 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 2866 White Bear Avenue, Maplewood, MN 55109 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 | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $551.0 mil Equity capital: $45.0 mil Deposits held in domestic offices: $499.9 mil Return on assets (ROA): -0.52% (-$2.9 mil) Quarterly return on assets: -2.23% (-$12.3 mil) Return on Equity (ROE): -6.30% (-$2.8 mil) Quarterly return on equity: -27.03% (-$12.2 mil) Net income: -$3.0 mil Quarterly Net income: -$3.1 mil Pretax return on assets: -1.13% (-$6,226.7 mil) Quarterly Pretax return on assets: -4.08% (-$22,482.2 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 82 |
| Total assets | $551,035 |
| Cash and due from depository institutions | $39,446 |
| Interest-bearing balances | $37,359 |
| Securities | $51,113 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $382,191 |
| Loan loss allowance | $8,159 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $11,713 |
| Other real estate owned | $50,464 |
| Goodwill and other intangibles | $0 |
| All other assets | $16,108 |
| Life insurance assets | $551,035 |
| Total liabilities and capital | $506,001 |
| Total liabilities | $499,937 |
| Total deposits | $483,705 |
| Interest-bearing deposits | $499,937 |
| Deposits held in domestic offices | $92 |
| % insured (estimated) | 3475.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $2,589 |
| All other liabilities | $45,034 |
| Total equity capital | $45,034 |
| Total bank equity capital | $45,034 |
| Perpetual preferred stock | $0 |
| Common stock | $919 |
| Surplus | $27,724 |
| Undivided profits | $16,391 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $1,224 |
| Income earned, not collected on loans | $27,140 |
| Earning assets | $1,136 |
| Long-term assets (5+ years) | $1,857 |
| Average Assets, year-to-date | $470,663 |
| Average Assets, quarterly | $67,911 |
| Volatile liabilities | $575,258 |
| Insider loans | $565,729 |
| FHLB advances | $446,078 |
| Loans and leases held for sale | $558,973 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $36,767 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $36,471 |
| Derivatives | $2,938 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $23,994 |
| Total interest expense | $5,594 |
| Net interest income | $18,400 |
| Provision for loan and lease losses | $11,211 |
| Total noninterest income | -$126 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $945 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$1,071 |
| Total noninterest expense | $14,144 |
| Salaries and employee benefits | $4,658 |
| Premises and equipment expense | $1,173 |
| Additional noninterest expense | $8,313 |
| Pre-tax net operating income | -$7,081 |
| Securities gains (losses) | $576 |
| Applicable income taxes | -$3,508 |
| Income before extraordinary items | -$2,997 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$2,997 |
| Net charge-offs | $0 |
| Cash dividends | -$2,997 |
| Sale, conversion, retirement of capital stock, net | $16,661 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.87% |
| Cost of funding earning assets | 1.14% |
| Net interest margin | 3.73% |
| Noninterest income to earning assets | -0.03% |
| Noninterest expense to earning assets | 2.87% |
| Net operating income to assets | -0.59% |
| Return on assets (ROA) | -0.52% |
| Pretax return on assets | -1.13% |
| Return on equity (ROE) | -6.30% |
| Retained earnings to average equity (YTD only) | -6.30% |
| Net charge-offs to loans | 4.11% |
| Credit loss provision to net charge-offs | 67.29% |
| Efficiency ratio | 0.25% |
| Assets per employee | $77,400 |
| Cash dividends to net income (YTD only) | 6.72% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.09% |
| Noncurrent assets plus other real estate owned to assets | 30.06% |
| Noncurrent loans to loans | 14.08% |
| Net loans and leases to deposits | 6.95% |
| Net loans and leases to core deposits | 76.45% |
| Equity capital to assets | 78.05% |
| Core capital (leverage) ratio | 8.17% |
| Tier 1 risk-based capital ratio | 6.58% |
| Total risk-based capital ratio | 8.24% |
| Memoranda | |
| Average assets | $9 |
| Average earning assets | $575,258 |
| Average equity | $47,564 |
| Average loans | $492,717 |
| 7 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 15029 | Premier Bank | 2866 White Bear Avenue, Maplewood, MN 55109 | August 01, 1974 | Full Service Brick and Mortar |  |
| 1 | 253321 | Osseo Branch | 301 Central Avenue, Osseo, MN 55369 | October 02, 1989 | Full Service Brick and Mortar |  |
| 2 | 280732 | Roseville Branch | 1875 West Highway 36, Roseville, MN 55113 | January 01, 1891 | Full Service Brick and Mortar | |
| 3 | 253322 | White Bear Lake Branch | 2151 3rd Street, White Bear Lake, MN 55110 | Febuary 05, 1992 | Full Service Brick and Mortar | |
| 5 | 363438 | Blaine Wal Mart Office Branch | 4405 Pheasant Ridge Drive, Blaine, MN 55449 | March 20, 2002 | Full Service Brick and Mortar | |
| 6 | 453038 | Woodbury Wal-Mart Branch | 10240 Hudson Road, Woodbury, MN 55129 | January 01, 2006 | Full Service Retail | |
| 7 | 462317 | Hugo Branch | 14815 Forest Boulevard North, Hugo, MN 55038 | October 02, 2006 | Full Service Brick and Mortar | |
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