Bank of Spring Lake Park, National Association in Spring Lake Park, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 03, 1993

  • Bank of Spring Lake Park, National Association in Spring Lake Park, Minnesota (MN)
  • Show street view No street view available for this location

Bank of Spring Lake Park, National Association - Overview

  • General
  • FDIC Certificate #: 19030
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank Minnesota, National Association (#5208)
    Federal Reserve ID: 202859
    Date Established: Febuary 11, 1964
    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)
    FDIC's unique #: 12870
    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: Febuary 17, 1964
    Last Structure Change Effective Date: December 03, 1993
    Last Structure Change Process Date: December 14, 1993
    Last Data Update: December 14, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 8455 Plaza Boulevard, Spring Lake Park, MN 55432
    County: Anoka
    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)
  • Financial Summary
  • Total assets: $57.0 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $36Total assets
  • $59,498Cash and due from depository institutions
  • $3,995Interest-bearing balances
  • $0Securities
  • $28,261Federal funds sold & reverse repurchase agreements
  • $3,600Net loans & leases
  • $19,458Loan loss allowance
  • $1,467Trading account assets
  • $0Bank premises and fixed assets
  • $946Other real estate owned
  • $242Goodwill and other intangibles
  • $2,996Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $59,498Total liabilities
  • $53,941Total deposits
  • $51,162Interest-bearing deposits
  • $33,611Deposits held in domestic offices
  • 51162.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,886Subordinated debt
  • $0All other liabilities
  • $893Total equity capital
  • $893Total bank equity capital
  • $5,557Perpetual preferred stock
  • $0Common stock
  • $300Surplus
  • $3,200Undivided profits
  • Memoranda
  • $2,057Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,205Income earned, not collected on loans
  • $113Earning assets
  • $51,319Long-term assets (5+ years)
  • $7,777Average Assets, year-to-date
  • $56,899Average Assets, quarterly
  • $58,380Volatile liabilities
  • $2,860Insider loans
  • $37FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,335Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,557Total risk weighted assets
  • $29,401Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,148Total interest expense
  • $1,325Net interest income
  • $2,823Provision for loan and lease losses
  • $1,123Total noninterest income
  • $1,061Fiduciary activities
  • $0Service charges on deposit accounts
  • $756Trading account gains & fees
  • $0Additional noninterest income
  • $305Total noninterest expense
  • $2,820Salaries and employee benefits
  • $969Premises and equipment expense
  • $215Additional noninterest expense
  • $1,636Pre-tax net operating income
  • -$59Securities gains (losses)
  • $1Applicable income taxes
  • -$109Income before extraordinary items
  • $51Extraordinary gains - net
  • $0Net income attributable to bank
  • $51Net charge-offs
  • $69Cash dividends
  • $600Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.33%Cost of funding earning assets
  • 2.66%Net interest margin
  • 5.67%Noninterest income to earning assets
  • 2.13%Noninterest expense to earning assets
  • 5.66%Net operating income to assets
  • 0.09%Return on assets (ROA)
  • 0.09%Pretax return on assets
  • -0.10%Return on equity (ROE)
  • 0.86%Retained earnings to average equity (YTD only)
  • -9.23%Net charge-offs to loans
  • 0.31%Credit loss provision to net charge-offs
  • 1627.54%Efficiency ratio
  • 72,606Assets per employee
  • 1.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 1176.47%Loss allowance to loans
  • 7.01%Loss allowance to noncurrent loans
  • 121.74%Noncurrent assets plus other real estate owned to assets
  • 2.43%Noncurrent loans to loans
  • 5.76%Net loans and leases to deposits
  • 38.03%Net loans and leases to core deposits
  • 38.77%Equity capital to assets
  • 9.34%Core capital (leverage) ratio
  • 9.67%Tier 1 risk-based capital ratio
  • 18.90%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $56,899Average earning assets
  • $5,950Average equity
  • $49,803Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Bank of Spring Lake Park, National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents