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Table of contents:
GeneralFDIC Certificate #: 34380
Status: Active
Federal Reserve ID: 2516327
Bank Holding Company (Regulatory Top Holder): Otto Bremer Foundation (RSSDID: 1121340, Location: Saint Paul, MN)
Date Established: January 13, 1997
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: 18 (Domestic: 18, Interstate: Yes)
FDIC's unique #: 57143
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 13, 1997
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
LocationAddress: 1444 45th Street, Sw, Fargo, ND 58103
County: Cass
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
Metropolitan Statistical Area (MSA): Fargo-Moorhead, ND-MN (#2520)
Combined Statistical Area (CSA): Fargo-Wahpeton, ND-MN (#244)
Core Based Statistical Area (CBSA): Fargo, ND-MN (#22020)
CBSA Metro Statistical Area: Fargo, ND-MN (#22020)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $1,562.1 mil
Equity capital: $153.5 mil
Deposits held in domestic offices: $1,223.3 mil
Return on assets (ROA): 1.18% ($18.4 mil)
Quarterly return on assets: 1.26% ($19.7 mil)
Return on Equity (ROE): 12.32% ($19.0 mil)
Quarterly return on equity: 12.85% ($19.8 mil)
Net income: $18.1 mil
Quarterly Net income: $4.9 mil
Pretax return on assets: 1.75% ($27,336.0 mil)
Quarterly Pretax return on assets: 1.88% ($29,366.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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)211
Total assets$1,562,058
Cash and due from depository institutions$69,015
Interest-bearing balances$14,001
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$1,221,156
Loan loss allowance $18,884
Trading account assets$0
Bank premises and fixed assets$16,938
Other real estate owned$370
Goodwill and other intangibles$2,314
All other assets$24,546
Life insurance assets$1,562,058
Total liabilities and capital$1,408,538
Total liabilities$1,223,274
Total deposits$1,002,935
Interest-bearing deposits$1,223,274
Deposits held in domestic offices$82
% insured (estimated)125536.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$50,000
Other borrowed funds $0
Subordinated debt $9,728
All other liabilities $153,520
Total equity capital$153,520
Total bank equity capital$153,520
Perpetual preferred stock$0
Common stock$10,328
Undivided profits $108,147
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $4,507
Income earned, not collected on loans $13,031
Earning assets $122
Long-term assets (5+ years) $10,555
Average Assets, year-to-date $1,462,876
Average Assets, quarterly $182,968
Volatile liabilities $1,536,364
Insider loans $1,545,311
FHLB advances $1,282,875
Loans and leases held for sale $1,544,141
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $148,905
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $271,179
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $72,538
Total interest expense $13,617
Net interest income $58,921
Provision for loan and lease losses $4,674
Total noninterest income $7,632
Fiduciary activities $0
Service charges on deposit accounts $2,351
Trading account gains & fees $0
Additional noninterest income $5,281
Total noninterest expense $35,254
Salaries and employee benefits $15,791
Premises and equipment expense $2,096
Additional noninterest expense $17,367
Pre-tax net operating income $26,625
Securities gains (losses) $262
Applicable income taxes $8,767
Income before extraordinary items $18,120
Extraordinary gains - net $0
Net income attributable to bank $18,120
Net charge-offs $0
Cash dividends $18,120
Sale, conversion, retirement of capital stock, net $1,964
Net operating income $7,500
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.96%
Cost of funding earning assets 0.93%
Net interest margin 4.03%
Noninterest income to earning assets 0.52%
Noninterest expense to earning assets 2.41%
Net operating income to assets 1.17%
Return on assets (ROA) 1.18%
Pretax return on assets 1.75%
Return on equity (ROE) 12.32%
Retained earnings to average equity (YTD only) 7.22%
Net charge-offs to loans 0.16%
Credit loss provision to net charge-offs 237.98%
Efficiency ratio15.94%
Assets per employee$52,911
Cash dividends to net income (YTD only)7.40%
Condition Ratios (%)
Loss allowance to loans 41.39%
Loss allowance to noncurrent loans 1.52%
Noncurrent assets plus other real estate owned to assets 144.92%
Noncurrent loans to loans 0.86%
Net loans and leases to deposits1.05%
Net loans and leases to core deposits 99.83%
Equity capital to assets 107.54%
Core capital (leverage) ratio 9.83%
Tier 1 risk-based capital ratio 9.64%
Total risk-based capital ratio 11.61%
Average assets$13
Average earning assets$1,536,364
Average equity $147,089
Average loans $1,463,133
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3 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
7290590Moorhead Branch3131 Frontage Road South, Moorhead, MN 56560July 13, 1998Full Service Brick and Mortar
88176Detroit Lakes Branch115 East Holmes Street, Detroit Lakes, MN 56501January 01, 1919Full Service Brick and Mortar
9272546Perham Branch801 Market Street, Perham, MN 56573January 01, 1930Full Service Brick and Mortar
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15 North Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
057143Bremer Bank, National Association1444 45th Street, Sw, Fargo, ND 58103January 13, 1997Full Service Brick and Mortar
28080Lisbon Branch622 Main Street, Lisbon, ND 58054January 01, 1910Full Service Brick and Mortar
45344Casselton Branch11 Langer Avenue N, Casselton, ND 58012January 01, 1920Full Service Brick and Mortar
6227853Fargo Cashwise Branch1401 33rd Street S, Fargo, ND 58103December 18, 1996Full Service Retail
129757Minot Branch20 First Street, S.W., Minot, ND 58701January 01, 1934Full Service Brick and Mortar
14233989Max Branch214 Main Street, Max, ND 58759August 01, 1965Limited Service Facility
15233992Dakota Square Branch925 31st Avenue Sw, Minot, ND 58701March 24, 1980Full Service Brick and Mortar
161357Carrington Branch807 Main Street, Carrington, ND 58421January 01, 1896Full Service Brick and Mortar
175508Minnewaukan BranchB Avenue And Main Street, Minnewaukan, ND 58351August 02, 1918Full Service Brick and Mortar
181363Richardton Branch128 B Street N, Richardton, ND 58652April 12, 1917Full Service Brick and Mortar
191362Rugby Branch105 Third Street, S.W., Rugby, ND 58368January 01, 1906Full Service Brick and Mortar
20233993Marketplace Foods Branch1930 South Broadway, Minot, ND 58701December 20, 1993Full Service Retail
222550Devils Lake Branch424 5th Street Ne, Devils Lake, ND 58301January 01, 1885Full Service Brick and Mortar
25457001North Fargo1204 19th Avenue North, Fargo, ND 58102September 25, 2006Full Service Brick and Mortar
26521577Bismarck Branch710 South Washington, Bismarck, ND 58504April 06, 2011Full Service Brick and Mortar
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