BREMER BANK, NATIONAL ASSOCIATION in Breckenridge, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 2000

BREMER BANK, NATIONAL ASSOCIATION in Breckenridge, Minnesota (MN)
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BREMER BANK, NATIONAL ASSOCIATION - Overview

General
FDIC Certificate #: 12918
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: BREMER BANK, NATIONAL ASSOCIATION (#12915)
Federal Reserve ID: 398556
Date Established: October 01, 1919
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Interstate: No)
OTS Docket #: 12288
FDIC's unique #: 8175
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 01, 2000
Last Structure Change Process Date: June 15, 2000
Last Data Update: June 15, 2000
Data Source Date: April 05, 2012
Location
Address: 225 North Fifth Street, Breckenridge, MN 56520
County: Wilkin
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
Combined Statistical Area (CSA): Fargo-Wahpeton, ND-MN (#244)
Core Based Statistical Area (CBSA): Wahpeton, ND-MN (#47420)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $78.7 mil

1992 - 1999 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, 1999)

Dollar figures in thousands
44Total employees (full-time equivalent)
$76,663Total assets
$3,057Cash and due from depository institutions
$0Interest-bearing balances
$14,371Securities
$0Federal funds sold & reverse repurchase agreements
$54,951Net loans & leases
$1,311Loan loss allowance
$0Trading account assets
$2,668Bank premises and fixed assets
$47Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,569All other assets
$76,663Total liabilities and capital
$70,080Total liabilities
$59,731Total deposits
$53,759Interest-bearing deposits
$59,731Deposits held in domestic offices
0.00%% insured (estimated)
$4,689Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$660All other liabilities
$6,583Total equity capital
$6,583Total bank equity capital
$6,583Perpetual preferred stock
$0Common stock
$594Surplus
$5,806Undivided profits
Memoranda
$183Noncurrent loans and leases
$6,364Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$375Earning assets
$0Long-term assets (5+ years)
$704Average Assets, year-to-date
$69,322Average Assets, quarterly
$15,135Volatile liabilities
$79,181Insider loans
$78,478FHLB advances
$9,821Loans and leases held for sale
$1,885Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,364Total unused commitments
$0Restructured Loans and leases
$785Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$6,069Total interest income
$3,097Total interest expense
$2,972Net interest income
$675Provision for loan and lease losses
$932Total noninterest income
$0Fiduciary activities
$465Service charges on deposit accounts
$0Trading account gains & fees
$467Additional noninterest income
$3,465Total noninterest expense
$1,543Salaries and employee benefits
$421Premises and equipment expense
$1,501Additional noninterest expense
-$236Pre-tax net operating income
$0Securities gains (losses)
-$286Applicable income taxes
$50Income before extraordinary items
$0Extraordinary gains - net
$50Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$323Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.48%Yield on earning assets
4.33%Cost of funding earning assets
4.15%Net interest margin
1.30%Noninterest income to earning assets
4.84%Noninterest expense to earning assets
0.06%Net operating income to assets
0.06%Return on assets (ROA)
-0.30%Pretax return on assets
0.83%Return on equity (ROE)
0.83%Retained earnings to average equity (YTD only)
0.56%Net charge-offs to loans
208.98%Credit loss provision to net charge-offs
1.36%Efficiency ratio
88,755Assets per employee
1.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.33%Loss allowance to noncurrent loans
349.60%Noncurrent assets plus other real estate owned to assets
0.49%Noncurrent loans to loans
0.67%Net loans and leases to deposits
92.00%Net loans and leases to core deposits
100.64%Equity capital to assets
8.59%Core capital (leverage) ratio
8.52%Tier 1 risk-based capital ratio
10.75%Total risk-based capital ratio
Memoranda
$12Average assets
$79,181Average earning assets
$6,021Average equity
$71,581Average loans

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