1st Regents Bank in Andover, Minnesota (MN)
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| 1st Regents Bank | |
|---|---|
| General | FDIC Certificate #: 57157 Status: Active Federal Reserve ID: 2998660 Bank Holding Company (Regulatory Top Holder): Alliance Bank Shares Corporation (RSSDID: 2998651, Location: Andover, MN) Date Established: May 22, 2001 WWW: http://www.1stregentsbank.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 #: 358656 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: May 22, 2001 Last Structure Change Effective Date: December 14, 2010 Last Structure Change Process Date: December 14, 2010 Last Data Update: December 14, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 1777 Bunker Lake Boulevard Nw, Andover, MN 55304 County: Anoka 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: $62.8 mil Equity capital: $1.8 mil Deposits held in domestic offices: $57.8 mil Return on assets (ROA): -1.81% (-$1.1 mil) Quarterly return on assets: -0.51% (-$0.3 mil) Return on Equity (ROE): -56.08% (-$1.1 mil) Quarterly return on equity: -17.67% (-$0.4 mil) Net income: -$1.2 mil Quarterly Net income: -$0.1 mil Pretax return on assets: -1.81% (-$1,136.8 mil) Quarterly Pretax return on assets: -0.51% (-$320.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 15 |
| Total assets | $62,804 |
| Cash and due from depository institutions | $10,036 |
| Interest-bearing balances | $8,701 |
| Securities | $7,309 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $39,807 |
| Loan loss allowance | $2,112 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $109 |
| Other real estate owned | $4,979 |
| Goodwill and other intangibles | $0 |
| All other assets | $564 |
| Life insurance assets | $62,804 |
| Total liabilities and capital | $60,978 |
| Total liabilities | $57,791 |
| Total deposits | $52,584 |
| Interest-bearing deposits | $57,791 |
| Deposits held in domestic offices | $100 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $3,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $187 |
| All other liabilities | $1,826 |
| Total equity capital | $1,826 |
| Total bank equity capital | $1,826 |
| Perpetual preferred stock | $0 |
| Common stock | $500 |
| Surplus | $11,508 |
| Undivided profits | $-10,182 |
| 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 | $3,939 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $194 |
| Average Assets, year-to-date | $55,817 |
| Average Assets, quarterly | $4,342 |
| Volatile liabilities | $68,725 |
| Insider loans | $65,294 |
| FHLB advances | $46,314 |
| Loans and leases held for sale | $63,358 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $1,770 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $1,505 |
| Derivatives | $1,951 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,952 |
| Total interest expense | $1,195 |
| Net interest income | $1,757 |
| Provision for loan and lease losses | $167 |
| Total noninterest income | -$229 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $58 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$287 |
| Total noninterest expense | $2,626 |
| Salaries and employee benefits | $953 |
| Premises and equipment expense | $429 |
| Additional noninterest expense | $1,244 |
| Pre-tax net operating income | -$1,265 |
| Securities gains (losses) | $21 |
| Applicable income taxes | $0 |
| Income before extraordinary items | -$1,244 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$1,244 |
| Net charge-offs | $0 |
| Cash dividends | -$1,244 |
| Sale, conversion, retirement of capital stock, net | $378 |
| 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 | 1.93% |
| Net interest margin | 2.83% |
| Noninterest income to earning assets | -0.37% |
| Noninterest expense to earning assets | 4.23% |
| Net operating income to assets | -1.84% |
| Return on assets (ROA) | -1.81% |
| Pretax return on assets | -1.81% |
| Return on equity (ROE) | -56.08% |
| Retained earnings to average equity (YTD only) | -56.08% |
| Net charge-offs to loans | 0.79% |
| Credit loss provision to net charge-offs | 44.18% |
| Efficiency ratio | -2.90% |
| Assets per employee | $171,859 |
| Cash dividends to net income (YTD only) | 4.19% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 5.04% |
| Noncurrent assets plus other real estate owned to assets | 53.62% |
| Noncurrent loans to loans | 14.20% |
| Net loans and leases to deposits | 9.40% |
| Net loans and leases to core deposits | 68.88% |
| Equity capital to assets | 104.60% |
| Core capital (leverage) ratio | 2.91% |
| Tier 1 risk-based capital ratio | 2.79% |
| Total risk-based capital ratio | 3.82% |
| Memoranda | |
| Average assets | $5 |
| Average earning assets | $68,725 |
| Average equity | $2,218 |
| Average loans | $62,017 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 358656 | 1st Regents Bank | 1777 Bunker Lake Boulevard Nw, Andover, MN 55304 | May 22, 2001 | Full Service Brick and Mortar |  |
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