Rosemount National Bank in Rosemount, Minnesota (MN)
| Rosemount National Bank | |
|---|---|
| General | FDIC Certificate #: 24099 Status: Inactive Closing history: Absorption - Assisted Acquiring institution: Central Bank (#27234) Federal Reserve ID: 853158 Date Established: October 01, 1982 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 16797 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: October 01, 1982 Last Structure Change Effective Date: April 15, 2011 Last Structure Change Process Date: April 18, 2011 Last Data Update: April 18, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 15055 Chippendale Avenue South, Rosemount, MN 55068 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) |
| Financial Summary | Total assets: $21.5 mil |
| Assets and Liabilities (December 31, 2010) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 16 |
| Total assets | $37,599 |
| Cash and due from depository institutions | $8,758 |
| Interest-bearing balances | $70 |
| Securities | $3,374 |
| Federal funds sold & reverse repurchase agreements | $4,566 |
| Net loans & leases | $17,892 |
| Loan loss allowance | $467 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,326 |
| Other real estate owned | $1,086 |
| Goodwill and other intangibles | $220 |
| All other assets | $377 |
| Life insurance assets | $0 |
| Total liabilities and capital | $37,599 |
| Total liabilities | $36,700 |
| Total deposits | $36,550 |
| Interest-bearing deposits | $22,510 |
| Deposits held in domestic offices | $36,550 |
| % insured (estimated) | 95.73% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $150 |
| Total equity capital | $899 |
| Total bank equity capital | $899 |
| Perpetual preferred stock | $899 |
| Common stock | $0 |
| Surplus | $1,345 |
| Undivided profits | $3,496 |
| Memoranda | |
| Noncurrent loans and leases | $-3,942 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $1,966 |
| Income earned, not collected on loans | $0 |
| Earning assets | $1,718 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $83 |
| Average Assets, quarterly | $25,902 |
| Volatile liabilities | $1,437 |
| Insider loans | $37,787 |
| FHLB advances | $36,792 |
| Loans and leases held for sale | $1,794 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $1,966 |
| Restructured Loans and leases | $1,102 |
| Derivatives | $293 |
| Income and Expense (December 31, 2010) (Dollar figures in thousands) | |
| Total interest income | $1,308 |
| Total interest expense | $276 |
| Net interest income | $1,032 |
| Provision for loan and lease losses | $628 |
| Total noninterest income | $316 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $236 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $80 |
| Total noninterest expense | $2,724 |
| Salaries and employee benefits | $1,032 |
| Premises and equipment expense | $512 |
| Additional noninterest expense | $1,180 |
| Pre-tax net operating income | -$2,004 |
| Securities gains (losses) | $195 |
| Applicable income taxes | $0 |
| Income before extraordinary items | -$1,809 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$1,809 |
| Net charge-offs | $0 |
| Cash dividends | -$1,809 |
| Sale, conversion, retirement of capital stock, net | $982 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2010) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.41% |
| Cost of funding earning assets | 0.93% |
| Net interest margin | 3.48% |
| Noninterest income to earning assets | 1.06% |
| Noninterest expense to earning assets | 9.18% |
| Net operating income to assets | -5.30% |
| Return on assets (ROA) | -4.79% |
| Pretax return on assets | -4.79% |
| Return on equity (ROE) | -91.12% |
| Retained earnings to average equity (YTD only) | -91.12% |
| Net charge-offs to loans | 4.72% |
| Credit loss provision to net charge-offs | 63.95% |
| Efficiency ratio | -1.40% |
| Assets per employee | $202,077 |
| Cash dividends to net income (YTD only) | 2.35% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.54% |
| Noncurrent assets plus other real estate owned to assets | 27.18% |
| Noncurrent loans to loans | 7.46% |
| Net loans and leases to deposits | 9.36% |
| Net loans and leases to core deposits | 48.95% |
| Equity capital to assets | 51.48% |
| Core capital (leverage) ratio | 2.39% |
| Tier 1 risk-based capital ratio | 1.87% |
| Total risk-based capital ratio | 2.90% |
| Memoranda | |
| Average assets | $4 |
| Average earning assets | $37,787 |
| Average equity | $1,985 |
| Average loans | $29,678 |
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