Beacon Bank in Shorewood, Minnesota (MN)

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Beacon Bank
GeneralFDIC Certificate #: 10581
Status: Active
Federal Reserve ID: 719955
Bank Holding Company (Regulatory Top Holder): Excelsior Financial Services, Inc. (RSSDID: 2211136, Location: Shorewood, MN)
Date Established: January 01, 1906
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 11824
FDIC's unique #: 6782
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
LocationAddress: 19765 Highway 7, Shorewood, MN 55331
County: Hennepin
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $307.6 mil
Equity capital: $31.7 mil
Deposits held in domestic offices: $261.6 mil
Return on assets (ROA): 0.78% ($2.4 mil)
Quarterly return on assets: 0.61% ($1.9 mil)
Return on Equity (ROE): 7.64% ($2.4 mil)
Quarterly return on equity: 5.86% ($1.9 mil)
Net income: $2.4 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 0.78% ($2,399.5 mil)
Quarterly Pretax return on assets: 0.61% ($1,876.5 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)55
Total assets$307,624
Cash and due from depository institutions$10,535
Interest-bearing balances$6,385
Federal funds sold & reverse repurchase agreements$968
Net loans & leases$176,626
Loan loss allowance $4,571
Trading account assets$0
Bank premises and fixed assets$4,221
Other real estate owned$2,279
Goodwill and other intangibles$0
All other assets$9,065
Life insurance assets$307,624
Total liabilities and capital$275,938
Total liabilities$261,588
Total deposits$221,364
Interest-bearing deposits$261,588
Deposits held in domestic offices$80
% insured (estimated)7476.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,000
Other borrowed funds $0
Subordinated debt $1,874
All other liabilities $31,686
Total equity capital$31,686
Total bank equity capital$31,686
Perpetual preferred stock$0
Common stock$284
Undivided profits $3,186
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $4,419
Earning assets $0
Long-term assets (5+ years) $906
Average Assets, year-to-date $287,909
Average Assets, quarterly $120,311
Volatile liabilities $304,634
Insider loans $301,880
FHLB advances $198,879
Loans and leases held for sale $301,524
Unused loan commitments $5,869
Tier 1 (core) risk-based capital $5,869
Tier 2 risk-based capital $31,060
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $34,934
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,988
Total interest expense $2,559
Net interest income $11,429
Provision for loan and lease losses $950
Total noninterest income $916
Fiduciary activities $0
Service charges on deposit accounts $601
Trading account gains & fees $0
Additional noninterest income $315
Total noninterest expense $9,140
Salaries and employee benefits $5,084
Premises and equipment expense $1,350
Additional noninterest expense $2,706
Pre-tax net operating income $2,255
Securities gains (losses) $112
Applicable income taxes $0
Income before extraordinary items $2,367
Extraordinary gains - net $0
Net income attributable to bank $2,367
Net charge-offs $0
Cash dividends $2,367
Sale, conversion, retirement of capital stock, net $1,226
Net operating income $1,136
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.90%
Cost of funding earning assets 0.90%
Net interest margin 4.00%
Noninterest income to earning assets 0.32%
Noninterest expense to earning assets 3.20%
Net operating income to assets 0.74%
Return on assets (ROA) 0.78%
Pretax return on assets 0.78%
Return on equity (ROE) 7.64%
Retained earnings to average equity (YTD only) 3.97%
Net charge-offs to loans 0.63%
Credit loss provision to net charge-offs 77.49%
Efficiency ratio2.61%
Assets per employee$74,038
Cash dividends to net income (YTD only)5.59%
Condition Ratios (%)
Loss allowance to loans 47.99%
Loss allowance to noncurrent loans 2.52%
Noncurrent assets plus other real estate owned to assets 103.44%
Noncurrent loans to loans 2.18%
Net loans and leases to deposits2.44%
Net loans and leases to core deposits 67.52%
Equity capital to assets 73.27%
Core capital (leverage) ratio 10.30%
Tier 1 risk-based capital ratio 10.30%
Total risk-based capital ratio 15.62%
Average assets$17
Average earning assets$304,634
Average equity $30,969
Average loans $285,410
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6 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06782Beacon Bank19765 Highway 7, Shorewood, MN 55331January 01, 1906Full Service Brick and Mortar
3222762Excelsior Branch409 Second Street, Excelsior, MN 55331April 01, 1996Full Service Brick and Mortar
4364284Duluth Branch - West Michigan Street306 West Michigan Street, Duluth, MN 55802July 31, 2002Limited Service Facility
5364854Duluth Branch401 West Superior Street, Duluth, MN 55802June 30, 2002Full Service Brick and Mortar
6430054Miller Hill Branch1405 Miller Trunk Highway, Suite 500, Duluth, MN 55811December 31, 2003Full Service Brick and Mortar
7437026Beacon Bank, Eden Prairie Office7890 Mitchell Road, Eden Prairie, MN 55344August 01, 2004Full Service Brick and Mortar
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