Signature Bank in Minnetonka, Minnesota (MN)
| Signature Bank | |
|---|---|
| General | FDIC Certificate #: 57631 Status: Active Federal Reserve ID: 3207921 Bank Holding Company (Regulatory Top Holder): Signature Bancshares, Inc. (RSSDID: 3207912, Location: Minnetonka, MN) Date Established: November 10, 2003 WWW: http://www.signaturebankonline.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 #: 418819 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: November 10, 2003 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: 9800 Bren Road East, Suite 200, Minnetonka, MN 55343 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: $177.2 mil Equity capital: $19.5 mil Deposits held in domestic offices: $151.8 mil Return on assets (ROA): 0.90% ($1.6 mil) Quarterly return on assets: 1.21% ($2.1 mil) Return on Equity (ROE): 8.42% ($1.6 mil) Quarterly return on equity: 10.95% ($2.1 mil) Net income: $1.6 mil Quarterly Net income: $0.5 mil Pretax return on assets: 0.91% ($1,612.4 mil) Quarterly Pretax return on assets: 1.22% ($2,161.7 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 25 |
| Total assets | $177,191 |
| Cash and due from depository institutions | $6,963 |
| Interest-bearing balances | $1,505 |
| Securities | $8,940 |
| Federal funds sold & reverse repurchase agreements | $2,420 |
| Net loans & leases | $152,858 |
| Loan loss allowance | $3,556 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $321 |
| Other real estate owned | $4,154 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,535 |
| Life insurance assets | $177,191 |
| Total liabilities and capital | $157,714 |
| Total liabilities | $151,773 |
| Total deposits | $119,801 |
| Interest-bearing deposits | $151,773 |
| Deposits held in domestic offices | $92 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $5,045 |
| Other borrowed funds | $0 |
| Subordinated debt | $896 |
| All other liabilities | $19,477 |
| Total equity capital | $19,477 |
| Total bank equity capital | $19,477 |
| Perpetual preferred stock | $0 |
| Common stock | $1,000 |
| Surplus | $19,190 |
| Undivided profits | $-713 |
| 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 | $1,515 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $496 |
| Average Assets, year-to-date | $165,723 |
| Average Assets, quarterly | $23,993 |
| Volatile liabilities | $176,319 |
| Insider loans | $176,065 |
| FHLB advances | $155,922 |
| Loans and leases held for sale | $176,662 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $19,385 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $31,834 |
| Derivatives | $1,763 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $9,587 |
| Total interest expense | $1,838 |
| Net interest income | $7,749 |
| Provision for loan and lease losses | $1,200 |
| Total noninterest income | $519 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $268 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $251 |
| Total noninterest expense | $5,471 |
| Salaries and employee benefits | $2,733 |
| Premises and equipment expense | $450 |
| Additional noninterest expense | $2,288 |
| Pre-tax net operating income | $1,597 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $6 |
| Income before extraordinary items | $1,591 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,591 |
| Net charge-offs | $0 |
| Cash dividends | $1,591 |
| Sale, conversion, retirement of capital stock, net | $1,677 |
| Net operating income | $367 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.82% |
| Cost of funding earning assets | 1.12% |
| Net interest margin | 4.71% |
| Noninterest income to earning assets | 0.32% |
| Noninterest expense to earning assets | 3.32% |
| Net operating income to assets | 0.90% |
| Return on assets (ROA) | 0.90% |
| Pretax return on assets | 0.91% |
| Return on equity (ROE) | 8.42% |
| Retained earnings to average equity (YTD only) | 6.48% |
| Net charge-offs to loans | 1.08% |
| Credit loss provision to net charge-offs | 71.56% |
| Efficiency ratio | 1.67% |
| Assets per employee | $66,171 |
| Cash dividends to net income (YTD only) | 7.09% |
| Condition Ratios (%) | |
| Loss allowance to loans | 23.07% |
| Loss allowance to noncurrent loans | 2.27% |
| Noncurrent assets plus other real estate owned to assets | 234.72% |
| Noncurrent loans to loans | 3.20% |
| Net loans and leases to deposits | 0.97% |
| Net loans and leases to core deposits | 100.71% |
| Equity capital to assets | 126.41% |
| Core capital (leverage) ratio | 10.99% |
| Tier 1 risk-based capital ratio | 10.97% |
| Total risk-based capital ratio | 12.43% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $176,319 |
| Average equity | $18,892 |
| Average loans | $164,610 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 418819 | Signature Bank | 9800 Bren Road East, Suite 200, Minnetonka, MN 55343 | November 10, 2003 | Full Service Brick and Mortar |  |
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