21st Century Bank in Loretto, Minnesota (MN)



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21st Century Bank routing number info

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21st Century Bank
GeneralFDIC Certificate #: 9751
Status: Active
Federal Reserve ID: 340256
Bank Holding Company (Regulatory Top Holder): Dolphin Family Limited Partnership (RSSDID: 3304343, Location: Blaine, MN)
Date Established: June 02, 1917
WWW: http://www.21stcenturybank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Domestic: 7, Interstate: No)
FDIC's unique #: 6238
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: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
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
LocationAddress: 699 North Medina Street, Loretto, MN 55357
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $362.1 mil
Equity capital: $44.4 mil
Deposits held in domestic offices: $313.1 mil
Return on assets (ROA): 0.37% ($1.3 mil)
Quarterly return on assets: 0.54% ($2.0 mil)
Return on Equity (ROE): 2.98% ($1.3 mil)
Quarterly return on equity: 4.38% ($1.9 mil)
Net income: $1.3 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 0.62% ($2,244.9 mil)
Quarterly Pretax return on assets: 0.90% ($3,258.7 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)52
Total assets$362,073
Cash and due from depository institutions$5,607
Interest-bearing balances$0
Securities$44,291
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$280,981
Loan loss allowance $4,469
Trading account assets$0
Bank premises and fixed assets$10,530
Other real estate owned$10,487
Goodwill and other intangibles$0
All other assets$10,177
Life insurance assets$362,073
Total liabilities and capital$317,658
Total liabilities$313,093
Total deposits$263,449
Interest-bearing deposits$313,093
Deposits held in domestic offices$89
% insured (estimated)2100.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,200
Other borrowed funds $0
Subordinated debt $1,265
All other liabilities $44,415
Total equity capital$44,415
Total bank equity capital$44,415
Perpetual preferred stock$0
Common stock$341
Surplus$35,659
Undivided profits $8,415
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 $4,133
Earning assets $63
Long-term assets (5+ years) $1,067
Average Assets, year-to-date $325,272
Average Assets, quarterly $44,763
Volatile liabilities $362,331
Insider loans $364,539
FHLB advances $286,151
Loans and leases held for sale $362,345
Unused loan commitments $676
Tier 1 (core) risk-based capital $676
Tier 2 risk-based capital $44,319
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $25,449
Derivatives$2,813
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $16,314
Total interest expense $2,472
Net interest income $13,842
Provision for loan and lease losses $4,308
Total noninterest income -$64
Fiduciary activities $0
Service charges on deposit accounts $236
Trading account gains & fees $0
Additional noninterest income -$300
Total noninterest expense $7,538
Salaries and employee benefits $3,640
Premises and equipment expense $1,403
Additional noninterest expense $2,495
Pre-tax net operating income $1,932
Securities gains (losses) $324
Applicable income taxes $907
Income before extraordinary items $1,349
Extraordinary gains - net $0
Net income attributable to bank $1,349
Net charge-offs $0
Cash dividends $1,349
Sale, conversion, retirement of capital stock, net $3,794
Net operating income $2,000
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.01%
Cost of funding earning assets 0.76%
Net interest margin 4.25%
Noninterest income to earning assets -0.02%
Noninterest expense to earning assets 2.31%
Net operating income to assets 0.32%
Return on assets (ROA) 0.37%
Pretax return on assets 0.62%
Return on equity (ROE) 2.98%
Retained earnings to average equity (YTD only) -1.44%
Net charge-offs to loans 1.32%
Credit loss provision to net charge-offs 113.55%
Efficiency ratio1.64%
Assets per employee$54,710
Cash dividends to net income (YTD only)6.96%
Condition Ratios (%)
Loss allowance to loans 148.26%
Loss allowance to noncurrent loans 1.57%
Noncurrent assets plus other real estate owned to assets 108.13%
Noncurrent loans to loans 4.04%
Net loans and leases to deposits1.45%
Net loans and leases to core deposits 89.74%
Equity capital to assets 117.47%
Core capital (leverage) ratio 12.27%
Tier 1 risk-based capital ratio 12.23%
Total risk-based capital ratio 15.49%
Memoranda
Average assets$17
Average earning assets$362,331
Average equity $45,262
Average loans $325,705
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7 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0623821st Century Bank699 North Medina Street, Loretto, MN 55357June 02, 1917Full Service Brick and Mortar
2221102Blaine BranchHighways 65 And 242, Blaine, MN 55434December 21, 1978Full Service Brick and Mortar
3221103Blaine Branch9380 Central Avenue Ne, Blaine, MN 55434September 01, 1998Full Service Brick and Mortar
4563621st Century Bank Branch21660 South Diamond Lake Road, Rogers, MN 55374November 01, 1924Full Service Brick and Mortar
743192321st Century Branch17635 Ne Central Avenue., Ham Lake, MN 55304September 03, 2004Full Service Brick and Mortar
8470008Minneapolis Office Branch17 Washington Avenue North, Minneapolis, MN 55401December 01, 2007Full Service Brick and Mortar
9526582Blaine Branch4125 Ball Road Ne, Suite 300, Blaine, MN 55449September 16, 2011Full Service Brick and Mortar
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