American Investors Bank and Mortgage in Eden Prairie, Minnesota (MN)
Table of contents:
| American Investors Bank and Mortgage | |
|---|---|
| General | FDIC Certificate #: 57695 Status: Active Federal Reserve ID: 3229642 Date Established: January 15, 2004 WWW: http://www.aibandm.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 17958 FDIC's unique #: 420125 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: January 15, 2004 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 6385 Old Shady Oak Road, Suite 110, Eden Prairie, MN 55344 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 Changes | Change in Primary Regulatory Agency |
| Financial Summary | Total assets: $84.7 mil Equity capital: $7.0 mil Deposits held in domestic offices: $57.1 mil Return on assets (ROA): 0.87% ($0.7 mil) Quarterly return on assets: 2.07% ($1.8 mil) Return on Equity (ROE): 10.53% ($0.7 mil) Quarterly return on equity: 25.29% ($1.8 mil) Net income: $0.7 mil Quarterly Net income: $0.4 mil Pretax return on assets: 1.47% ($1,244.8 mil) Quarterly Pretax return on assets: 3.53% ($2,989.2 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 8 |
| Total assets | $84,679 |
| Cash and due from depository institutions | $212 |
| Interest-bearing balances | $0 |
| Securities | $44,180 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $38,418 |
| Loan loss allowance | $837 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $31 |
| Other real estate owned | $100 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,738 |
| Life insurance assets | $84,679 |
| Total liabilities and capital | $77,726 |
| Total liabilities | $57,139 |
| Total deposits | $55,515 |
| Interest-bearing deposits | $57,139 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 2592.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $17,500 |
| Other borrowed funds | $0 |
| Subordinated debt | $495 |
| All other liabilities | $6,953 |
| Total equity capital | $6,953 |
| Total bank equity capital | $6,953 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $6,452 |
| Undivided profits | $401 |
| 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 | $581 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $355 |
| Average Assets, year-to-date | $82,598 |
| Average Assets, quarterly | $0 |
| Volatile liabilities | $78,217 |
| Insider loans | $84,152 |
| FHLB advances | $43,728 |
| Loans and leases held for sale | $84,233 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $6,507 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $7,636 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $3,921 |
| Total interest expense | $693 |
| Net interest income | $3,228 |
| Provision for loan and lease losses | $570 |
| Total noninterest income | $73 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $73 |
| Total noninterest expense | $1,717 |
| Salaries and employee benefits | $717 |
| Premises and equipment expense | $381 |
| Additional noninterest expense | $619 |
| Pre-tax net operating income | $1,014 |
| Securities gains (losses) | $139 |
| Applicable income taxes | $472 |
| Income before extraordinary items | $681 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $681 |
| Net charge-offs | $0 |
| Cash dividends | $681 |
| Sale, conversion, retirement of capital stock, net | $773 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.18% |
| Cost of funding earning assets | 0.92% |
| Net interest margin | 4.26% |
| Noninterest income to earning assets | 0.10% |
| Noninterest expense to earning assets | 2.27% |
| Net operating income to assets | 0.76% |
| Return on assets (ROA) | 0.87% |
| Pretax return on assets | 1.47% |
| Return on equity (ROE) | 10.53% |
| Retained earnings to average equity (YTD only) | 10.53% |
| Net charge-offs to loans | 2.01% |
| Credit loss provision to net charge-offs | 73.74% |
| Efficiency ratio | 2.05% |
| Assets per employee | $52,015 |
| Cash dividends to net income (YTD only) | 10.58% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.13% |
| Noncurrent assets plus other real estate owned to assets | 144.06% |
| Noncurrent loans to loans | 0.80% |
| Net loans and leases to deposits | 1.48% |
| Net loans and leases to core deposits | 67.24% |
| Equity capital to assets | 68.53% |
| Core capital (leverage) ratio | 8.21% |
| Tier 1 risk-based capital ratio | 7.73% |
| Total risk-based capital ratio | 14.88% |
| Memoranda | |
| Average assets | $16 |
| Average earning assets | $78,217 |
| Average equity | $6,469 |
| Average loans | $75,723 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 420125 | American Investors Bank And Mortgage | 6385 Old Shady Oak Road, Suite 110, Eden Prairie, MN 55344 | January 15, 2004 | Full Service Brick and Mortar |  |
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