Ameriprise Bank, FSB in Minneapolis, Minnesota (MN)

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Ameriprise Bank, FSB
GeneralFDIC Certificate #: 58303
Status: Active
Federal Reserve ID: 3470239
Date Established: September 14, 2006
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 #: 18013
FDIC's unique #: 445715
Numeric code: 37
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: September 14, 2006
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
LocationAddress: 901 3rd Avenue South, Minneapolis, MN 55402
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 ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $5,152.2 mil
Equity capital: $364.2 mil
Deposits held in domestic offices: $4,754.3 mil
Return on assets (ROA): 0.63% ($32.5 mil)
Quarterly return on assets: 0.62% ($31.9 mil)
Return on Equity (ROE): 8.91% ($32.4 mil)
Quarterly return on equity: 8.79% ($32.0 mil)
Net income: $29.0 mil
Quarterly Net income: $7.9 mil
Pretax return on assets: 0.99% ($51,006.6 mil)
Quarterly Pretax return on assets: 0.87% ($44,824.0 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)105
Total assets$5,152,186
Cash and due from depository institutions$89,501
Interest-bearing balances$72,492
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$1,363,438
Loan loss allowance $16,473
Trading account assets$0
Bank premises and fixed assets$32
Other real estate owned$426
Goodwill and other intangibles$6,936
All other assets$43,046
Life insurance assets$5,152,186
Total liabilities and capital$4,787,998
Total liabilities$4,754,273
Total deposits$4,749,477
Interest-bearing deposits$4,754,273
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $33,725
All other liabilities $364,188
Total equity capital$364,188
Total bank equity capital$364,188
Perpetual preferred stock$0
Common stock$500
Undivided profits $-89,023
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 $5,071
Earning assets $0
Long-term assets (5+ years) $13,688
Average Assets, year-to-date $5,084,737
Average Assets, quarterly $0
Volatile liabilities $4,596,529
Insider loans $5,090,417
FHLB advances $2,785,979
Loans and leases held for sale $5,217,525
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $402,432
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,377,833
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $120,903
Total interest expense $18,907
Net interest income $101,996
Provision for loan and lease losses $11,478
Total noninterest income $27,600
Fiduciary activities $0
Service charges on deposit accounts $246
Trading account gains & fees -$869
Additional noninterest income $28,223
Total noninterest expense $69,939
Salaries and employee benefits $15,370
Premises and equipment expense $7,666
Additional noninterest expense $46,903
Pre-tax net operating income $48,179
Securities gains (losses) -$2,897
Applicable income taxes $16,261
Income before extraordinary items $29,021
Extraordinary gains - net $0
Net income attributable to bank $29,021
Net charge-offs $0
Cash dividends $29,021
Sale, conversion, retirement of capital stock, net $10,798
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets2.66%
Cost of funding earning assets 0.42%
Net interest margin 2.25%
Noninterest income to earning assets 0.61%
Noninterest expense to earning assets 1.54%
Net operating income to assets 0.67%
Return on assets (ROA) 0.63%
Pretax return on assets 0.99%
Return on equity (ROE) 8.91%
Retained earnings to average equity (YTD only) 8.91%
Net charge-offs to loans 0.88%
Credit loss provision to net charge-offs 106.30%
Efficiency ratio5.52%
Assets per employee$52,424
Cash dividends to net income (YTD only)49.07%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.19%
Noncurrent assets plus other real estate owned to assets 324.85%
Noncurrent loans to loans 0.11%
Net loans and leases to deposits0.37%
Net loans and leases to core deposits 28.68%
Equity capital to assets 212.52%
Core capital (leverage) ratio 7.07%
Tier 1 risk-based capital ratio 7.71%
Total risk-based capital ratio 14.44%
Average assets$15
Average earning assets$4,596,529
Average equity $325,685
Average loans $4,542,701
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$304,883
Number of Accounts1
Personal trust and agency accounts$304,883
Employee benefit-defined contribution accounts$283,482
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$3,392
Investment management agency accounts$0
Other fiduciary accounts$18,009
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts729
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$3,392
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0445715Ameriprise Bank, Fsb901 3rd Avenue South, Minneapolis, MN 55402September 14, 2006Full Service Brick and Mortar
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