21st Century Bank in Rogers, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 09, 2002

  • 21st Century Bank in Rogers, Minnesota (MN)
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21st Century Bank - Overview

  • General
  • FDIC Certificate #: 8841
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: 21st Century Bank (#9751)
    Federal Reserve ID: 301453
    Date Established: November 01, 1924
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 12697
    FDIC's unique #: 5636
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 09, 2002
    Last Structure Change Process Date: December 03, 2002
    Last Data Update: December 03, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 21660 South Diamond Lake Road, Rogers, MN 55374
    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)
  • Financial Summary
  • Total assets: $51.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)

  • Dollar figures in thousands
  • 15Total employees (full-time equivalent)
  • $46,152Total assets
  • $1,483Cash and due from depository institutions
  • $94Interest-bearing balances
  • $9,503Securities
  • $8,720Federal funds sold & reverse repurchase agreements
  • $22,516Net loans & leases
  • $339Loan loss allowance
  • $0Trading account assets
  • $1,759Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,171All other assets
  • $46,152Total liabilities and capital
  • $39,395Total liabilities
  • $39,094Total deposits
  • $34,824Interest-bearing deposits
  • $39,094Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $301All other liabilities
  • $6,757Total equity capital
  • $6,757Total bank equity capital
  • $6,757Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $4,900Undivided profits
  • Memoranda
  • $1,757Noncurrent loans and leases
  • $8,589Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $275Earning assets
  • $0Long-term assets (5+ years)
  • $254Average Assets, year-to-date
  • $40,833Average Assets, quarterly
  • $6,949Volatile liabilities
  • $42,355Insider loans
  • $44,960FHLB advances
  • $4,211Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,589Total unused commitments
  • $0Restructured Loans and leases
  • $339Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $2,843Total interest income
  • $1,639Total interest expense
  • $1,204Net interest income
  • $0Provision for loan and lease losses
  • $636Total noninterest income
  • $0Fiduciary activities
  • $172Service charges on deposit accounts
  • $0Trading account gains & fees
  • $464Additional noninterest income
  • $1,281Total noninterest expense
  • $525Salaries and employee benefits
  • $389Premises and equipment expense
  • $367Additional noninterest expense
  • $559Pre-tax net operating income
  • $0Securities gains (losses)
  • $65Applicable income taxes
  • $494Income before extraordinary items
  • $0Extraordinary gains - net
  • $494Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $100Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.58%Yield on earning assets
  • 4.37%Cost of funding earning assets
  • 3.21%Net interest margin
  • 1.70%Noninterest income to earning assets
  • 3.42%Noninterest expense to earning assets
  • 1.17%Net operating income to assets
  • 1.17%Return on assets (ROA)
  • 1.32%Pretax return on assets
  • 7.70%Return on equity (ROE)
  • 6.14%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 69,620Assets per employee
  • 3.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 20.24%Loss allowance to loans
  • 1.48%Loss allowance to noncurrent loans
  • 123.27%Noncurrent assets plus other real estate owned to assets
  • 0.60%Noncurrent loans to loans
  • 1.20%Net loans and leases to deposits
  • 57.59%Net loans and leases to core deposits
  • 64.55%Equity capital to assets
  • 14.64%Core capital (leverage) ratio
  • 15.09%Tier 1 risk-based capital ratio
  • 20.34%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $42,355Average earning assets
  • $6,419Average equity
  • $37,490Average loans

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