Private Bank Minnesota in Minneapolis, Minnesota (MN)
| Private Bank Minnesota | |
|---|---|
| General | FDIC Certificate #: 34144 Status: Active Federal Reserve ID: 2361901 Bank Holding Company (Regulatory Top Holder): Private Bancorporation, Inc. (RSSDID: 2361880, Location: Minneapolis, MN) Date Established: March 11, 1996 WWW: http://www.pbmn.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 56288 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: March 11, 1996 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: Campbell Mithum Tower, 222 S. Ninth Street, Ste. 3800, Minneapolis, MN 55402 County: Hennepin 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: $152.9 mil Equity capital: $18.1 mil Deposits held in domestic offices: $131.2 mil Return on assets (ROA): -0.19% (-$0.3 mil) Quarterly return on assets: -1.50% (-$2.3 mil) Return on Equity (ROE): -1.67% (-$0.3 mil) Quarterly return on equity: -12.50% (-$2.3 mil) Net income: -$0.3 mil Quarterly Net income: -$0.6 mil Pretax return on assets: -0.35% (-$535.2 mil) Quarterly Pretax return on assets: -2.55% (-$3,899.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 31 |
| Total assets | $152,919 |
| Cash and due from depository institutions | $4,864 |
| Interest-bearing balances | $680 |
| Securities | $10,338 |
| Federal funds sold & reverse repurchase agreements | $120 |
| Net loans & leases | $130,044 |
| Loan loss allowance | $2,673 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $140 |
| Other real estate owned | $3,472 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,941 |
| Life insurance assets | $152,919 |
| Total liabilities and capital | $134,858 |
| Total liabilities | $131,155 |
| Total deposits | $108,472 |
| Interest-bearing deposits | $131,155 |
| Deposits held in domestic offices | $79 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $3,260 |
| Other borrowed funds | $0 |
| Subordinated debt | $443 |
| All other liabilities | $18,061 |
| Total equity capital | $18,061 |
| Total bank equity capital | $18,061 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $16,150 |
| Undivided profits | $1,811 |
| 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 | $2,960 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $585 |
| Average Assets, year-to-date | $141,182 |
| Average Assets, quarterly | $20,496 |
| Volatile liabilities | $157,494 |
| Insider loans | $153,305 |
| FHLB advances | $149,027 |
| Loans and leases held for sale | $150,901 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $16,075 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $46,122 |
| Derivatives | $802 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $6,943 |
| Total interest expense | $626 |
| Net interest income | $6,317 |
| Provision for loan and lease losses | $2,010 |
| Total noninterest income | $318 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $95 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $223 |
| Total noninterest expense | $5,177 |
| Salaries and employee benefits | $2,787 |
| Premises and equipment expense | $442 |
| Additional noninterest expense | $1,948 |
| Pre-tax net operating income | -$552 |
| Securities gains (losses) | $0 |
| Applicable income taxes | -$245 |
| Income before extraordinary items | -$307 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$307 |
| Net charge-offs | $0 |
| Cash dividends | -$307 |
| Sale, conversion, retirement of capital stock, net | $2,294 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.76% |
| Cost of funding earning assets | 0.43% |
| Net interest margin | 4.33% |
| Noninterest income to earning assets | 0.22% |
| Noninterest expense to earning assets | 3.55% |
| Net operating income to assets | -0.19% |
| Return on assets (ROA) | -0.19% |
| Pretax return on assets | -0.35% |
| Return on equity (ROE) | -1.67% |
| Retained earnings to average equity (YTD only) | -1.67% |
| Net charge-offs to loans | 1.63% |
| Credit loss provision to net charge-offs | 87.62% |
| Efficiency ratio | 0.64% |
| Assets per employee | $78,026 |
| Cash dividends to net income (YTD only) | 4.93% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.01% |
| Noncurrent assets plus other real estate owned to assets | 90.30% |
| Noncurrent loans to loans | 4.21% |
| Net loans and leases to deposits | 2.23% |
| Net loans and leases to core deposits | 99.15% |
| Equity capital to assets | 107.25% |
| Core capital (leverage) ratio | 11.81% |
| Tier 1 risk-based capital ratio | 10.65% |
| Total risk-based capital ratio | 10.79% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $157,494 |
| Average equity | $18,373 |
| Average loans | $145,943 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 56288 | Private Bank Minnesota | Campbell Mithum Tower, 222 S. Ninth Street, Ste. 3800, Minneapolis, MN 55402 | March 11, 1996 | Full Service Brick and Mortar |  |
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