Access Bank in Champlin, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 07, 2010

  • Access Bank in Champlin, Minnesota (MN)
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Access Bank - Overview

  • General
  • FDIC Certificate #: 16476
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: PrinsBank (#10191)
    Federal Reserve ID: 730754
    Date Established: September 07, 1946
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 10639
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 07, 1946
    Last Structure Change Effective Date: May 07, 2010
    Last Structure Change Process Date: May 10, 2010
    Last Data Update: May 10, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 11150 Commerce Drive North, Champlin, MN 55316
    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: $32.0 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, 2009)

  • Dollar figures in thousands
  • 9Total employees (full-time equivalent)
  • $35,555Total assets
  • $3,912Cash and due from depository institutions
  • $3,576Interest-bearing balances
  • $1,349Securities
  • $686Federal funds sold & reverse repurchase agreements
  • $25,299Net loans & leases
  • $995Loan loss allowance
  • $0Trading account assets
  • $1,428Bank premises and fixed assets
  • $2,457Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $424All other assets
  • $35,555Total liabilities and capital
  • $35,040Total liabilities
  • $34,878Total deposits
  • $30,742Interest-bearing deposits
  • $34,878Deposits held in domestic offices
  • 95.85%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $162All other liabilities
  • $515Total equity capital
  • $515Total bank equity capital
  • $515Perpetual preferred stock
  • $0Common stock
  • $105Surplus
  • $9,055Undivided profits
  • Memoranda
  • $-8,645Noncurrent loans and leases
  • $3,157Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,692Earning assets
  • $0Long-term assets (5+ years)
  • $279Average Assets, year-to-date
  • $30,910Average Assets, quarterly
  • $3,975Volatile liabilities
  • $37,582Insider loans
  • $36,849FHLB advances
  • $2,252Loans and leases held for sale
  • $1Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,157Total unused commitments
  • $811Restructured Loans and leases
  • $331Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $1,880Total interest income
  • $590Total interest expense
  • $1,290Net interest income
  • $2,172Provision for loan and lease losses
  • -$16Total noninterest income
  • $0Fiduciary activities
  • $74Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$90Additional noninterest income
  • $2,015Total noninterest expense
  • $732Salaries and employee benefits
  • $161Premises and equipment expense
  • $1,122Additional noninterest expense
  • -$2,913Pre-tax net operating income
  • $0Securities gains (losses)
  • $58Applicable income taxes
  • -$2,971Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,971Net income attributable to bank
  • $0Net charge-offs
  • -$2,971Cash dividends
  • $2,033Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.82%Yield on earning assets
  • 1.83%Cost of funding earning assets
  • 4.00%Net interest margin
  • -0.05%Noninterest income to earning assets
  • 6.24%Noninterest expense to earning assets
  • -7.91%Net operating income to assets
  • -7.91%Return on assets (ROA)
  • -7.75%Pretax return on assets
  • -149.60%Return on equity (ROE)
  • -149.60%Retained earnings to average equity (YTD only)
  • 7.06%Net charge-offs to loans
  • 106.84%Credit loss provision to net charge-offs
  • -0.36%Efficiency ratio
  • 158,163Assets per employee
  • 3.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.78%Loss allowance to noncurrent loans
  • 58.81%Noncurrent assets plus other real estate owned to assets
  • 11.67%Noncurrent loans to loans
  • 6.43%Net loans and leases to deposits
  • 72.54%Net loans and leases to core deposits
  • 77.54%Equity capital to assets
  • 1.45%Core capital (leverage) ratio
  • 1.36%Tier 1 risk-based capital ratio
  • 2.00%Total risk-based capital ratio
  • Memoranda
  • $3Average assets
  • $37,582Average earning assets
  • $1,986Average equity
  • $32,276Average loans

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