BREMER BANK, NATIONAL ASSOCIATION in Alexandria, Minnesota (MN), ND
| BREMER BANK, NATIONAL ASSOCIATION | |
|---|---|
| General | FDIC Certificate #: 12915 Status: Active Federal Reserve ID: 268556 Bank Holding Company (Regulatory Top Holder): Otto Bremer Foundation (RSSDID: 1121340, Location: Saint Paul, MN) Date Established: June 01, 1919 WWW: http://www.bremer.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 8 (Domestic: 8, Interstate: Yes) OTS Docket #: 12262 FDIC's unique #: 8173 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: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 720 Broadway, Alexandria, MN 56308 County: Douglas Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Fargo Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Alexandria, MN (#10820) CBSA Micro Statistical Area: Yes |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $624.4 mil Equity capital: $57.6 mil Deposits held in domestic offices: $515.5 mil Return on assets (ROA): 1.26% ($7.9 mil) Quarterly return on assets: 1.11% ($6.9 mil) Return on Equity (ROE): 13.24% ($7.7 mil) Quarterly return on equity: 11.82% ($6.9 mil) Net income: $7.6 mil Quarterly Net income: $1.7 mil Pretax return on assets: 1.82% ($11,364.9 mil) Quarterly Pretax return on assets: 1.57% ($9,803.8 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 93 |
| Total assets | $624,443 |
| Cash and due from depository institutions | $90,435 |
| Interest-bearing balances | $79,004 |
| Securities | $112,710 |
| Federal funds sold & reverse repurchase agreements | $1,448 |
| Net loans & leases | $400,544 |
| Loan loss allowance | $6,941 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $6,725 |
| Other real estate owned | $698 |
| Goodwill and other intangibles | $629 |
| All other assets | $11,254 |
| Life insurance assets | $624,443 |
| Total liabilities and capital | $566,834 |
| Total liabilities | $515,532 |
| Total deposits | $412,452 |
| Interest-bearing deposits | $515,532 |
| Deposits held in domestic offices | $90 |
| % insured (estimated) | 48087.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $3,215 |
| All other liabilities | $57,609 |
| Total equity capital | $57,609 |
| Total bank equity capital | $57,609 |
| Perpetual preferred stock | $0 |
| Common stock | $2,420 |
| Surplus | $18,290 |
| Undivided profits | $36,899 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $4,149 |
| Income earned, not collected on loans | $7,223 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $2,970 |
| Average Assets, year-to-date | $593,706 |
| Average Assets, quarterly | $99,191 |
| Volatile liabilities | $604,284 |
| Insider loans | $617,870 |
| FHLB advances | $417,340 |
| Loans and leases held for sale | $618,347 |
| Unused loan commitments | $1,998 |
| Tier 1 (core) risk-based capital | $1,998 |
| Tier 2 risk-based capital | $56,169 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $128,577 |
| Derivatives | $1,547 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $26,437 |
| Total interest expense | $3,370 |
| Net interest income | $23,067 |
| Provision for loan and lease losses | -$30 |
| Total noninterest income | $5,591 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,512 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $4,079 |
| Total noninterest expense | $17,885 |
| Salaries and employee benefits | $7,446 |
| Premises and equipment expense | $1,120 |
| Additional noninterest expense | $9,319 |
| Pre-tax net operating income | $10,803 |
| Securities gains (losses) | $209 |
| Applicable income taxes | $3,391 |
| Income before extraordinary items | $7,621 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $7,621 |
| Net charge-offs | $0 |
| Cash dividends | $7,621 |
| Sale, conversion, retirement of capital stock, net | $872 |
| Net operating income | $8,000 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.60% |
| Cost of funding earning assets | 0.59% |
| Net interest margin | 4.01% |
| Noninterest income to earning assets | 0.97% |
| Noninterest expense to earning assets | 3.11% |
| Net operating income to assets | 1.24% |
| Return on assets (ROA) | 1.26% |
| Pretax return on assets | 1.82% |
| Return on equity (ROE) | 13.24% |
| Retained earnings to average equity (YTD only) | -0.66% |
| Net charge-offs to loans | 0.21% |
| Credit loss provision to net charge-offs | -3.44% |
| Efficiency ratio | 12.35% |
| Assets per employee | $62,408 |
| Cash dividends to net income (YTD only) | 6.71% |
| Condition Ratios (%) | |
| Loss allowance to loans | 104.97% |
| Loss allowance to noncurrent loans | 1.70% |
| Noncurrent assets plus other real estate owned to assets | 96.10% |
| Noncurrent loans to loans | 1.27% |
| Net loans and leases to deposits | 1.77% |
| Net loans and leases to core deposits | 77.70% |
| Equity capital to assets | 80.51% |
| Core capital (leverage) ratio | 9.23% |
| Tier 1 risk-based capital ratio | 9.08% |
| Total risk-based capital ratio | 13.46% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $604,284 |
| Average equity | $57,571 |
| Average loans | $574,835 |
| 7 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 8173 | Bremer Bank, National Association | 720 Broadway, Alexandria, MN 56308 | June 01, 1919 | Full Service Brick and Mortar |  |
| 1 | 5246 | Brandon Branch | 113 Front Street, Brandon, MN 56315 | December 15, 1927 | Full Service Brick and Mortar |  |
| 2 | 228534 | South Branch | 2210 Highway 29 South, Alexandria, MN 56308 | Febuary 13, 1995 | Full Service Brick and Mortar | |
| 3 | 1272 | Morris Branch | 701 Atlantic Avenue, Morris, MN 56267 | December 04, 1933 | Full Service Brick and Mortar | |
| 4 | 263779 | Starbuck Branch | 300 Main Street, Starbuck, MN 56381 | January 01, 1901 | Full Service Brick and Mortar | |
| 5 | 8175 | Breckenridge Office | 225 North Fifth Street, Breckenridge, MN 56520 | October 01, 1919 | Full Service Brick and Mortar | |
| 8 | 228540 | Fergus Falls Main Branch | 2330 College Way, Fergus Falls, MN 56537 | March 05, 1999 | Full Service Brick and Mortar | |
| 1 North Dakota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 7 | 56842 | Wahpeton Office | 1618 Commerce Street, Wahpeton, ND 58075 | June 11, 1996 | Full Service Retail | |
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