Provincial Bank in Lakeville, Minnesota (MN)
| Provincial Bank | |
|---|---|
| General | FDIC Certificate #: 34443 Status: Active Federal Reserve ID: 2514837 Bank Holding Company (Regulatory Top Holder): Provincial Corp. (RSSDID: 2514828, Location: Lakeville, MN) Date Established: March 27, 1997 WWW: http://www.provincialbank.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) OTS Docket #: 15336 FDIC's unique #: 57207 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: March 27, 1997 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: 20280 Iberia Avenue, Lakeville, MN 55044 County: Dakota 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: $75.2 mil Equity capital: $7.4 mil Deposits held in domestic offices: $65.1 mil Return on assets (ROA): 0.15% ($0.1 mil) Quarterly return on assets: 0.31% ($0.2 mil) Return on Equity (ROE): 1.65% ($0.1 mil) Quarterly return on equity: 3.27% ($0.2 mil) Net income: $0.1 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.15% ($112.8 mil) Quarterly Pretax return on assets: 0.31% ($233.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 34 |
| Total assets | $75,198 |
| Cash and due from depository institutions | $7,637 |
| Interest-bearing balances | $5,457 |
| Securities | $2,116 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $57,388 |
| Loan loss allowance | $716 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,921 |
| Other real estate owned | $1,867 |
| Goodwill and other intangibles | $361 |
| All other assets | $1,908 |
| Life insurance assets | $75,198 |
| Total liabilities and capital | $67,833 |
| Total liabilities | $65,098 |
| Total deposits | $50,164 |
| Interest-bearing deposits | $65,098 |
| Deposits held in domestic offices | $89 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $2,500 |
| Other borrowed funds | $0 |
| Subordinated debt | $235 |
| All other liabilities | $7,365 |
| Total equity capital | $7,365 |
| Total bank equity capital | $7,365 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $6,050 |
| Undivided profits | $1,215 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $3,139 |
| Income earned, not collected on loans | $752 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $320 |
| Average Assets, year-to-date | $64,961 |
| Average Assets, quarterly | $4,527 |
| Volatile liabilities | $78,883 |
| Insider loans | $77,406 |
| FHLB advances | $57,275 |
| Loans and leases held for sale | $81,190 |
| Unused loan commitments | $412 |
| Tier 1 (core) risk-based capital | $412 |
| Tier 2 risk-based capital | $7,298 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $4,667 |
| Derivatives | $4,217 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $3,752 |
| Total interest expense | $974 |
| Net interest income | $2,778 |
| Provision for loan and lease losses | $493 |
| Total noninterest income | $1,600 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $116 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,484 |
| Total noninterest expense | $3,766 |
| Salaries and employee benefits | $2,433 |
| Premises and equipment expense | $382 |
| Additional noninterest expense | $951 |
| Pre-tax net operating income | $119 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $119 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $119 |
| Net charge-offs | $0 |
| Cash dividends | $119 |
| Sale, conversion, retirement of capital stock, net | $611 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.47% |
| Cost of funding earning assets | 1.42% |
| Net interest margin | 4.05% |
| Noninterest income to earning assets | 2.33% |
| Noninterest expense to earning assets | 5.49% |
| Net operating income to assets | 0.15% |
| Return on assets (ROA) | 0.15% |
| Pretax return on assets | 0.15% |
| Return on equity (ROE) | 1.65% |
| Retained earnings to average equity (YTD only) | 1.65% |
| Net charge-offs to loans | 1.03% |
| Credit loss provision to net charge-offs | 80.69% |
| Efficiency ratio | 1.00% |
| Assets per employee | $86,021 |
| Cash dividends to net income (YTD only) | 2.21% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.23% |
| Noncurrent assets plus other real estate owned to assets | 95.21% |
| Noncurrent loans to loans | 3.48% |
| Net loans and leases to deposits | 1.29% |
| Net loans and leases to core deposits | 88.16% |
| Equity capital to assets | 94.87% |
| Core capital (leverage) ratio | 9.79% |
| Tier 1 risk-based capital ratio | 8.99% |
| Total risk-based capital ratio | 12.74% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $78,883 |
| Average equity | $7,192 |
| Average loans | $68,575 |
| 3 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 57207 | Provincial Bank | 20280 Iberia Avenue, Lakeville, MN 55044 | March 27, 1997 | Full Service Brick and Mortar |  |
| 1 | 442215 | Provincial Bank Branch | 7303 161st Street, Lakeville, MN 55044 | June 02, 2003 | Full Service Brick and Mortar |  |
| 2 | 446040 | Hastings Branch | 1309 Vermillion Street, Hastings, MN 55033 | November 28, 2005 | Full Service Brick and Mortar | |
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