BankCherokee in Saint Paul, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • BankCherokee in Saint Paul, Minnesota (MN)
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BankCherokee - Overview

  • General
  • FDIC Certificate #: 8537
    Status: Active
    Federal Reserve ID: 748254
    Bank Holding Company (Regulatory Top Holder): Cherokee Bancshares, Inc. (RSSDID: 1128228, Location: Saint Paul, MN)
    Date Established: January 15, 1908
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 10311
    FDIC's unique #: 5445
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: Yes
    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: 607 South Smith Avenue, Saint Paul, MN 55107
    County: Ramsey
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $241.1 mil
    Equity capital: $13.4 mil
    Deposits held in domestic offices: $211.3 mil
    Return on assets (ROA): -1.31% (-$3.2 mil)
    Quarterly return on assets: -0.84% (-$2.0 mil)
    Return on Equity (ROE): -21.42% (-$2.8 mil)
    Quarterly return on equity: -14.93% (-$1.9 mil)
    Net income: -$3.1 mil
    Quarterly Net income: -$0.5 mil
    Pretax return on assets: -1.31% (-$3,158.9 mil)
    Quarterly Pretax return on assets: -0.84% (-$2,025.6 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
  • 59Total employees (full-time equivalent)
  • $241,141Total assets
  • $32,402Cash and due from depository institutions
  • $28,178Interest-bearing balances
  • $52,586Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $135,956Net loans & leases
  • $2,548Loan loss allowance
  • $0Trading account assets
  • $3,300Bank premises and fixed assets
  • $9,224Other real estate owned
  • $0Goodwill and other intangibles
  • $241,141Life insurance assets
  • $7,673All other assets
  • $227,720Total liabilities and capital
  • $211,257Total liabilities
  • $174,219Total deposits
  • $211,257Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 13029.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,325Trading liabilities
  • $0Other borrowed funds
  • $2,109Subordinated debt
  • $13,421All other liabilities
  • $13,421Total equity capital
  • $13,421Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $18,112Surplus
  • $-4,891Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,104Income earned, not collected on loans
  • $0Earning assets
  • $727Long-term assets (5+ years)
  • $216,720Average Assets, year-to-date
  • $54,403Average Assets, quarterly
  • $237,022Volatile liabilities
  • $240,955Insider loans
  • $135,521FHLB advances
  • $238,649Loans and leases held for sale
  • $6,081Unused loan commitments
  • $6,081Tier 1 (core) risk-based capital
  • $12,804Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $23,199Restructured Loans and leases
  • $41Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,129Total interest income
  • $1,518Total interest expense
  • $6,611Net interest income
  • $1,182Provision for loan and lease losses
  • -$236Total noninterest income
  • $0Fiduciary activities
  • $513Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$749Additional noninterest income
  • $8,540Total noninterest expense
  • $4,129Salaries and employee benefits
  • $1,551Premises and equipment expense
  • $2,860Additional noninterest expense
  • -$3,347Pre-tax net operating income
  • $231Securities gains (losses)
  • $0Applicable income taxes
  • -$3,116Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,116Net income attributable to bank
  • $0Net charge-offs
  • -$3,116Cash dividends
  • $1,660Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.81%Yield on earning assets
  • 0.71%Cost of funding earning assets
  • 3.10%Net interest margin
  • -0.11%Noninterest income to earning assets
  • 4.00%Noninterest expense to earning assets
  • -1.41%Net operating income to assets
  • -1.31%Return on assets (ROA)
  • -1.31%Pretax return on assets
  • -21.42%Return on equity (ROE)
  • -21.42%Retained earnings to average equity (YTD only)
  • 1.26%Net charge-offs to loans
  • 71.20%Credit loss provision to net charge-offs
  • -1.30%Efficiency ratio
  • 130,369Assets per employee
  • 4.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.84%Loss allowance to noncurrent loans
  • 49.92%Noncurrent assets plus other real estate owned to assets
  • 5.94%Noncurrent loans to loans
  • 3.69%Net loans and leases to deposits
  • 64.36%Net loans and leases to core deposits
  • 66.78%Equity capital to assets
  • 5.57%Core capital (leverage) ratio
  • 5.37%Tier 1 risk-based capital ratio
  • 9.45%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $237,022Average earning assets
  • $14,549Average equity
  • $213,445Average loans

List of branches

  • 4 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05445Bankcherokee607 South Smith Avenue, Saint Paul, MN 55107January 15, 1908Full Service Brick and Mortar
    1218683Randolph Avenue Branch675 Randolph Avenue, Saint Paul, MN 55102November 21, 1978Full Service Brick and Mortar
    2218684Grand Avenue Branch985 Grand Avenue, St. Paul, MN 55105January 13, 1986Full Service Brick and Mortar
    5218686North Oaks Branch999 Village Center Drive, North Oaks, MN 55127June 28, 1995Full Service Brick and Mortar

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