Anchor Bank, National Association in Saint Paul, Minnesota (MN)
| Anchor Bank, National Association | |
|---|---|
| General | FDIC Certificate #: 8868 Status: Active Federal Reserve ID: 900454 Bank Holding Company (Regulatory Top Holder): Anchor Bancorp, Inc. (RSSDID: 1126475, Location: Wayzata, MN) Date Established: May 15, 1923 WWW: http://www.anchorlink.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 16 (Domestic: 16, Interstate: No) FDIC's unique #: 5662 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: November 14, 2009 Last Structure Change Process Date: November 24, 2009 Last Data Update: November 24, 2009 Data Source Date: April 05, 2012 |
| Location | Address: 1570 Concordia Avenue, Saint Paul, MN 55104 County: Ramsey 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 | Participated in Absorption/Consolidation/Merger Name Change |
| Financial Summary | Total assets: $1,290.6 mil Equity capital: $119.8 mil Deposits held in domestic offices: $1,116.1 mil Return on assets (ROA): 0.75% ($9.7 mil) Quarterly return on assets: 0.67% ($8.6 mil) Return on Equity (ROE): 8.27% ($9.9 mil) Quarterly return on equity: 7.25% ($8.7 mil) Net income: $9.6 mil Quarterly Net income: $2.2 mil Pretax return on assets: 1.10% ($14,197.0 mil) Quarterly Pretax return on assets: 0.97% ($12,519.2 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 301 |
| Total assets | $1,290,635 |
| Cash and due from depository institutions | $72,906 |
| Interest-bearing balances | $48,741 |
| Securities | $246,591 |
| Federal funds sold & reverse repurchase agreements | $219 |
| Net loans & leases | $883,765 |
| Loan loss allowance | $16,456 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $28,666 |
| Other real estate owned | $13,947 |
| Goodwill and other intangibles | $1,474 |
| All other assets | $43,067 |
| Life insurance assets | $1,290,635 |
| Total liabilities and capital | $1,170,865 |
| Total liabilities | $1,116,099 |
| Total deposits | $834,162 |
| Interest-bearing deposits | $1,116,099 |
| Deposits held in domestic offices | $78 |
| % insured (estimated) | 32596.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $11,097 |
| Other borrowed funds | $0 |
| Subordinated debt | $11,073 |
| All other liabilities | $119,770 |
| Total equity capital | $119,770 |
| Total bank equity capital | $119,770 |
| Perpetual preferred stock | $0 |
| Common stock | $200 |
| Surplus | $29,473 |
| Undivided profits | $90,097 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $3,944 |
| Income earned, not collected on loans | $17,336 |
| Earning assets | $2,896 |
| Long-term assets (5+ years) | $3,873 |
| Average Assets, year-to-date | $1,179,316 |
| Average Assets, quarterly | $296,060 |
| Volatile liabilities | $1,275,978 |
| Insider loans | $1,289,407 |
| FHLB advances | $976,798 |
| Loans and leases held for sale | $1,288,087 |
| Unused loan commitments | $15,198 |
| Tier 1 (core) risk-based capital | $224 |
| Tier 2 risk-based capital | $116,419 |
| Total risk weighted assets | $14,974 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $221,753 |
| Derivatives | $8,468 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $56,276 |
| Total interest expense | $6,758 |
| Net interest income | $49,518 |
| Provision for loan and lease losses | $7,437 |
| Total noninterest income | $12,649 |
| Fiduciary activities | $1,087 |
| Service charges on deposit accounts | $4,605 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $6,957 |
| Total noninterest expense | $40,778 |
| Salaries and employee benefits | $24,413 |
| Premises and equipment expense | $6,126 |
| Additional noninterest expense | $10,239 |
| Pre-tax net operating income | $13,952 |
| Securities gains (losses) | $139 |
| Applicable income taxes | $4,518 |
| Income before extraordinary items | $9,573 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $9,573 |
| Net charge-offs | $0 |
| Cash dividends | $9,573 |
| Sale, conversion, retirement of capital stock, net | $9,246 |
| Net operating income | $3,000 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.83% |
| Cost of funding earning assets | 0.58% |
| Net interest margin | 4.25% |
| Noninterest income to earning assets | 1.09% |
| Noninterest expense to earning assets | 3.50% |
| Net operating income to assets | 0.74% |
| Return on assets (ROA) | 0.75% |
| Pretax return on assets | 1.10% |
| Return on equity (ROE) | 8.27% |
| Retained earnings to average equity (YTD only) | 5.68% |
| Net charge-offs to loans | 1.03% |
| Credit loss provision to net charge-offs | 80.43% |
| Efficiency ratio | 2.31% |
| Assets per employee | $65,583 |
| Cash dividends to net income (YTD only) | 4.29% |
| Condition Ratios (%) | |
| Loss allowance to loans | 31.34% |
| Loss allowance to noncurrent loans | 1.83% |
| Noncurrent assets plus other real estate owned to assets | 94.92% |
| Noncurrent loans to loans | 2.42% |
| Net loans and leases to deposits | 1.93% |
| Net loans and leases to core deposits | 79.18% |
| Equity capital to assets | 81.34% |
| Core capital (leverage) ratio | 9.28% |
| Tier 1 risk-based capital ratio | 9.04% |
| Total risk-based capital ratio | 11.92% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $1,275,978 |
| Average equity | $115,689 |
| Average loans | $1,165,127 |
| 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 Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $215,705 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $72,331 |
| Employee benefit-defined contribution accounts | $35,160 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $5,472 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $26,070 |
| Fiduciary accounts held in foreign offices | $5,629 |
| Non-managed Assets | $0 |
| Number of Accounts | 106 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $5,472 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $143,374 |
| Corporate trust and agency accounts | $47,974 |
| Other fiduciary accounts | $87,888 |
| Fiduciary accounts held in foreign offices | $0 |
| 16 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5662 | Anchor Bank, National Association | 1570 Concordia Avenue, Saint Paul, MN 55104 | May 15, 1923 | Full Service Brick and Mortar |  |
| 3 | 219073 | Apple Valley Branch | 14665 Galaxie Avenue, Apple Valley, MN 55124 | March 03, 1997 | Full Service Brick and Mortar |  |
| 4 | 219074 | St. Paul Park Branch | 1030 Hastings Avenue, St. Paul Park, MN 55071 | July 06, 1999 | Full Service Brick and Mortar | |
| 6 | 365639 | Eagan Branch | 1360 Duckwood Drive, Eagan, MN 55123 | September 30, 2002 | Full Service Brick and Mortar | |
| 7 | 8179 | Saint Paul Branch | 332 Minnesota Street, Suite N-210, Saint Paul, MN 55101 | January 01, 1915 | Full Service Brick and Mortar | |
| 8 | 466119 | West Saint Paul Branch | 66 E Thompson Avenue, West Saint Paul, MN 55118 | June 01, 2007 | Full Service Brick and Mortar | |
| 9 | 3447 | Farmington Branch | 324 Oak Street, Farmington, MN 55024 | Febuary 01, 1894 | Full Service Brick and Mortar | |
| 11 | 364035 | Lakeville Branch | 9202 202nd Street West, Lakeville, MN 55044 | November 05, 2001 | Full Service Brick and Mortar | |
| 12 | 463383 | Burnsville Branch | 550 West Burnsville Parkway, Burnsville, MN 55337 | April 02, 2007 | Full Service Brick and Mortar | |
| 13 | 8633 | North Saint Paul Branch | 2700 East Seventh Avenue, North Saint Paul, MN 55109 | May 02, 1902 | Full Service Brick and Mortar | |
| 14 | 230290 | Woodbury Branch | 1920 Donegal Drive, Woodbury, MN 55125 | Febuary 14, 1997 | Full Service Brick and Mortar | |
| 15 | 429711 | Arden Hills Branch | 1240 County Road E, Arden Hills, MN 55112 | June 30, 2004 | Full Service Brick and Mortar | |
| 16 | 12751 | Wayzata Branch | 1055 Wayzata Boulevard E, Wayzata, MN 55391 | October 08, 1963 | Full Service Brick and Mortar | |
| 17 | 246751 | Plymouth Branch | 3950 Vinewood Lane N, Plymouth, MN 55441 | March 04, 1982 | Full Service Brick and Mortar | |
| 19 | 440159 | Blaine Branch | 10710 Town Square Drive N.E., Blaine, MN 55449 | November 08, 2004 | Full Service Brick and Mortar | |
| 20 | 521845 | Eden Prairie Branch | 12950 Technology Drive, Eden Prairie, MN 55344 | August 14, 2010 | Full Service Brick and Mortar | |
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