Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 2000

  • BREMER BANK, NATIONAL ASSOCIATION in Detroit Lakes, Minnesota (MN)
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  • General
  • FDIC Certificate #: 12919
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BREMER BANK, NATIONAL ASSOCIATION (#34380)
    Federal Reserve ID: 376059
    Date Established: January 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: 2 (Interstate: No)
    OTS Docket #: 12431
    FDIC's unique #: 8176
    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: November 01, 2000
    Last Structure Change Process Date: November 16, 2000
    Last Data Update: November 16, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 115 East Holmes Street, Detroit Lakes, MN 56501
    County: Becker
    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
  • Financial Summary
  • Total assets: $153.3 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)
  • $149,013Total assets
  • $5,813Cash and due from depository institutions
  • $0Interest-bearing balances
  • $33,538Securities
  • $1,520Federal funds sold & reverse repurchase agreements
  • $103,434Net loans & leases
  • $1,798Loan loss allowance
  • $0Trading account assets
  • $1,778Bank premises and fixed assets
  • $133Other real estate owned
  • $480Goodwill and other intangibles
  • $0Life insurance assets
  • $2,317All other assets
  • $149,013Total liabilities and capital
  • $137,514Total liabilities
  • $109,312Total deposits
  • $92,921Interest-bearing deposits
  • $109,312Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $11,916Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $15,000Other borrowed funds
  • $0Subordinated debt
  • $1,286All other liabilities
  • $11,499Total equity capital
  • $11,499Total bank equity capital
  • $11,499Perpetual preferred stock
  • $0Common stock
  • $1,200Surplus
  • $5,800Undivided profits
  • Memoranda
  • $4,499Noncurrent loans and leases
  • $20,739Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,227Earning assets
  • $0Long-term assets (5+ years)
  • $1,011Average Assets, year-to-date
  • $138,492Average Assets, quarterly
  • $33,462Volatile liabilities
  • $146,845Insider loans
  • $148,762FHLB advances
  • $24,406Loans and leases held for sale
  • $414Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $252Total risk weighted assets
  • $20,739Total unused commitments
  • $0Restructured Loans and leases
  • $1,399Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $10,931Total interest income
  • $5,094Total interest expense
  • $5,837Net interest income
  • $1,145Provision for loan and lease losses
  • $1,913Total noninterest income
  • $0Fiduciary activities
  • $767Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,146Additional noninterest income
  • $4,381Total noninterest expense
  • $1,813Salaries and employee benefits
  • $370Premises and equipment expense
  • $2,198Additional noninterest expense
  • $2,224Pre-tax net operating income
  • $32Securities gains (losses)
  • $690Applicable income taxes
  • $1,566Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,566Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,090Sale, conversion, retirement of capital stock, net
  • $650Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.97%Yield on earning assets
  • 3.71%Cost of funding earning assets
  • 4.26%Net interest margin
  • 1.40%Noninterest income to earning assets
  • 3.19%Noninterest expense to earning assets
  • 1.05%Net operating income to assets
  • 1.07%Return on assets (ROA)
  • 1.54%Pretax return on assets
  • 13.98%Return on equity (ROE)
  • 8.18%Retained earnings to average equity (YTD only)
  • 1.05%Net charge-offs to loans
  • 105.05%Credit loss provision to net charge-offs
  • 3.09%Efficiency ratio
  • 56,013Assets per employee
  • 3.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.51%Loss allowance to loans
  • 1.71%Loss allowance to noncurrent loans
  • 80.74%Noncurrent assets plus other real estate owned to assets
  • 1.58%Noncurrent loans to loans
  • 2.12%Net loans and leases to deposits
  • 94.62%Net loans and leases to core deposits
  • 98.68%Equity capital to assets
  • 7.72%Core capital (leverage) ratio
  • 7.55%Tier 1 risk-based capital ratio
  • 10.22%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $146,845Average earning assets
  • $11,203Average equity
  • $137,132Average loans

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