Beacon Bank in Shorewood, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Beacon Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 55Total employees (full-time equivalent)
  • $307,624Total assets
  • $10,535Cash and due from depository institutions
  • $6,385Interest-bearing balances
  • $103,930Securities
  • $968Federal funds sold & reverse repurchase agreements
  • $176,626Net loans & leases
  • $4,571Loan loss allowance
  • $0Trading account assets
  • $4,221Bank premises and fixed assets
  • $2,279Other real estate owned
  • $0Goodwill and other intangibles
  • $307,624Life insurance assets
  • $9,065All other assets
  • $275,938Total liabilities and capital
  • $261,588Total liabilities
  • $221,364Total deposits
  • $261,588Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 7476.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $1,874Subordinated debt
  • $31,686All other liabilities
  • $31,686Total equity capital
  • $31,686Total bank equity capital
  • $0Perpetual preferred stock
  • $284Common stock
  • $28,216Surplus
  • $3,186Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,419Income earned, not collected on loans
  • $0Earning assets
  • $906Long-term assets (5+ years)
  • $287,909Average Assets, year-to-date
  • $120,311Average Assets, quarterly
  • $304,634Volatile liabilities
  • $301,880Insider loans
  • $198,879FHLB advances
  • $301,524Loans and leases held for sale
  • $5,869Unused loan commitments
  • $5,869Tier 1 (core) risk-based capital
  • $31,060Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $34,934Restructured Loans and leases
  • $18,370Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,988Total interest income
  • $2,559Total interest expense
  • $11,429Net interest income
  • $950Provision for loan and lease losses
  • $916Total noninterest income
  • $0Fiduciary activities
  • $601Service charges on deposit accounts
  • $0Trading account gains & fees
  • $315Additional noninterest income
  • $9,140Total noninterest expense
  • $5,084Salaries and employee benefits
  • $1,350Premises and equipment expense
  • $2,706Additional noninterest expense
  • $2,255Pre-tax net operating income
  • $112Securities gains (losses)
  • $0Applicable income taxes
  • $2,367Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,367Net income attributable to bank
  • $0Net charge-offs
  • $2,367Cash dividends
  • $1,226Sale, conversion, retirement of capital stock, net
  • $1,136Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.90%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 4.00%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 3.20%Noninterest expense to earning assets
  • 0.74%Net operating income to assets
  • 0.78%Return on assets (ROA)
  • 0.78%Pretax return on assets
  • 7.64%Return on equity (ROE)
  • 3.97%Retained earnings to average equity (YTD only)
  • 0.63%Net charge-offs to loans
  • 77.49%Credit loss provision to net charge-offs
  • 2.61%Efficiency ratio
  • 74,038Assets per employee
  • 5.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.99%Loss allowance to loans
  • 2.52%Loss allowance to noncurrent loans
  • 103.44%Noncurrent assets plus other real estate owned to assets
  • 2.18%Noncurrent loans to loans
  • 2.44%Net loans and leases to deposits
  • 67.52%Net loans and leases to core deposits
  • 73.27%Equity capital to assets
  • 10.30%Core capital (leverage) ratio
  • 10.30%Tier 1 risk-based capital ratio
  • 15.62%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $304,634Average earning assets
  • $30,969Average equity
  • $285,410Average loans

List of branches

  • 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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