1st Regents Bank in Andover, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • 1st Regents Bank in Andover, Minnesota (MN)
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1st Regents Bank - Overview

  • 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)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 15Total employees (full-time equivalent)
  • $62,804Total assets
  • $10,036Cash and due from depository institutions
  • $8,701Interest-bearing balances
  • $7,309Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $39,807Net loans & leases
  • $2,112Loan loss allowance
  • $0Trading account assets
  • $109Bank premises and fixed assets
  • $4,979Other real estate owned
  • $0Goodwill and other intangibles
  • $62,804Life insurance assets
  • $564All other assets
  • $60,978Total liabilities and capital
  • $57,791Total liabilities
  • $52,584Total deposits
  • $57,791Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $187Subordinated debt
  • $1,826All other liabilities
  • $1,826Total equity capital
  • $1,826Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $11,508Surplus
  • $-10,182Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,939Income earned, not collected on loans
  • $0Earning assets
  • $194Long-term assets (5+ years)
  • $55,817Average Assets, year-to-date
  • $4,342Average Assets, quarterly
  • $68,725Volatile liabilities
  • $65,294Insider loans
  • $46,314FHLB advances
  • $63,358Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,770Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,505Restructured Loans and leases
  • $1,951Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,952Total interest income
  • $1,195Total interest expense
  • $1,757Net interest income
  • $167Provision for loan and lease losses
  • -$229Total noninterest income
  • $0Fiduciary activities
  • $58Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$287Additional noninterest income
  • $2,626Total noninterest expense
  • $953Salaries and employee benefits
  • $429Premises and equipment expense
  • $1,244Additional noninterest expense
  • -$1,265Pre-tax net operating income
  • $21Securities gains (losses)
  • $0Applicable income taxes
  • -$1,244Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,244Net income attributable to bank
  • $0Net charge-offs
  • -$1,244Cash dividends
  • $378Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.76%Yield on earning assets
  • 1.93%Cost of funding earning assets
  • 2.83%Net interest margin
  • -0.37%Noninterest income to earning assets
  • 4.23%Noninterest expense to earning assets
  • -1.84%Net operating income to assets
  • -1.81%Return on assets (ROA)
  • -1.81%Pretax return on assets
  • -56.08%Return on equity (ROE)
  • -56.08%Retained earnings to average equity (YTD only)
  • 0.79%Net charge-offs to loans
  • 44.18%Credit loss provision to net charge-offs
  • -2.90%Efficiency ratio
  • 171,859Assets per employee
  • 4.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.04%Loss allowance to noncurrent loans
  • 53.62%Noncurrent assets plus other real estate owned to assets
  • 14.20%Noncurrent loans to loans
  • 9.40%Net loans and leases to deposits
  • 68.88%Net loans and leases to core deposits
  • 104.60%Equity capital to assets
  • 2.91%Core capital (leverage) ratio
  • 2.79%Tier 1 risk-based capital ratio
  • 3.82%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $68,725Average earning assets
  • $2,218Average equity
  • $62,017Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03586561st Regents Bank1777 Bunker Lake Boulevard Nw, Andover, MN 55304May 22, 2001Full Service Brick and Mortar

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