Premier Bank Rochester in Rochester, Minnesota (MN)
| Premier Bank Rochester | |
|---|---|
| General | FDIC Certificate #: 33202 Status: Active Federal Reserve ID: 1481754 Date Established: October 05, 1990 WWW: http://www.premierbanks.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Domestic: 5, Interstate: No) OTS Docket #: 15769 FDIC's unique #: 46442 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: October 05, 1990 Last Structure Change Effective Date: March 05, 2010 Last Structure Change Process Date: March 05, 2010 Last Data Update: March 05, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 421 First Avenue, S.W., Rochester, MN 55902 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: $144.9 mil Equity capital: $11.4 mil Deposits held in domestic offices: $132.9 mil Return on assets (ROA): -0.26% (-$0.4 mil) Quarterly return on assets: -1.38% (-$2.0 mil) Return on Equity (ROE): -3.23% (-$0.4 mil) Quarterly return on equity: -17.44% (-$1.9 mil) Net income: -$0.4 mil Quarterly Net income: -$0.5 mil Pretax return on assets: -0.26% (-$376.8 mil) Quarterly Pretax return on assets: -1.38% (-$1,999.8 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 25 |
| Total assets | $144,914 |
| Cash and due from depository institutions | $7,533 |
| Interest-bearing balances | $3,904 |
| Securities | $23,279 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $98,199 |
| Loan loss allowance | $1,958 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,258 |
| Other real estate owned | $9,782 |
| Goodwill and other intangibles | $0 |
| All other assets | $863 |
| Life insurance assets | $144,914 |
| Total liabilities and capital | $133,509 |
| Total liabilities | $132,897 |
| Total deposits | $123,426 |
| Interest-bearing deposits | $132,897 |
| Deposits held in domestic offices | $92 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $612 |
| All other liabilities | $11,405 |
| Total equity capital | $11,405 |
| Total bank equity capital | $11,405 |
| Perpetual preferred stock | $0 |
| Common stock | $1,757 |
| Surplus | $9,068 |
| Undivided profits | $580 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $715 |
| Income earned, not collected on loans | $2,577 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $596 |
| Average Assets, year-to-date | $125,382 |
| Average Assets, quarterly | $17,469 |
| Volatile liabilities | $148,533 |
| Insider loans | $146,883 |
| FHLB advances | $113,098 |
| Loans and leases held for sale | $146,408 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $11,336 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $7,853 |
| Derivatives | $3,334 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $6,282 |
| Total interest expense | $1,534 |
| Net interest income | $4,748 |
| Provision for loan and lease losses | $1,850 |
| Total noninterest income | $511 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $268 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $243 |
| Total noninterest expense | $4,095 |
| Salaries and employee benefits | $1,399 |
| Premises and equipment expense | $636 |
| Additional noninterest expense | $2,060 |
| Pre-tax net operating income | -$686 |
| Securities gains (losses) | $307 |
| Applicable income taxes | $0 |
| Income before extraordinary items | -$379 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$379 |
| Net charge-offs | $0 |
| Cash dividends | -$379 |
| Sale, conversion, retirement of capital stock, net | $2,720 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.99% |
| Cost of funding earning assets | 1.22% |
| Net interest margin | 3.77% |
| Noninterest income to earning assets | 0.41% |
| Noninterest expense to earning assets | 3.25% |
| Net operating income to assets | -0.46% |
| Return on assets (ROA) | -0.26% |
| Pretax return on assets | -0.26% |
| Return on equity (ROE) | -3.23% |
| Retained earnings to average equity (YTD only) | -3.23% |
| Net charge-offs to loans | 2.71% |
| Credit loss provision to net charge-offs | 68.01% |
| Efficiency ratio | 0.43% |
| Assets per employee | $77,867 |
| Cash dividends to net income (YTD only) | 5.80% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.95% |
| Noncurrent assets plus other real estate owned to assets | 75.98% |
| Noncurrent loans to loans | 8.53% |
| Net loans and leases to deposits | 2.57% |
| Net loans and leases to core deposits | 73.89% |
| Equity capital to assets | 75.27% |
| Core capital (leverage) ratio | 7.87% |
| Tier 1 risk-based capital ratio | 7.74% |
| Total risk-based capital ratio | 10.02% |
| Memoranda | |
| Average assets | $11 |
| Average earning assets | $148,533 |
| Average equity | $11,740 |
| Average loans | $126,015 |
| 5 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 46442 | Premier Bank Rochester | 421 First Avenue, S.W., Rochester, MN 55902 | October 05, 1990 | Full Service Brick and Mortar |  |
| 2 | 282171 | 37th Street | 3800 North Highway 52., Rochester, MN 55901 | January 01, 1910 | Full Service Brick and Mortar |  |
| 3 | 282175 | Green Meadows Branch | 1706 Greenview Place, S.W., Rochester, MN 55901 | January 01, 1910 | Full Service Brick and Mortar | |
| 5 | 361666 | Wal-Mart North Office | 3400 55th Street. Mw, Rochester, MN 55901 | August 23, 2001 | Limited Service Retail | |
| 7 | 446090 | Wellner Branch | 3145 Wellner Drive Ne, Rochester, MN 55906 | December 12, 2005 | Full Service Brick and Mortar | |
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