Bremer Bank, National Association in Willmar, Minnesota (MN)

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Bremer Bank, National Association
GeneralFDIC Certificate #: 12198
Status: Active
Federal Reserve ID: 224655
Bank Holding Company (Regulatory Top Holder): Otto Bremer Foundation (RSSDID: 1121340, Location: Saint Paul, MN)
Date Established: January 01, 1876
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: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 12264
FDIC's unique #: 7748
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 01, 1934
Last Structure Change Effective Date: October 16, 2006
Last Structure Change Process Date: March 12, 2007
Last Data Update: March 12, 2007
Data Source Date: April 05, 2012
LocationAddress: 500 Willmar Avenue Se, Willmar, MN 56201
County: Kandiyohi
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Mankato
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Willmar, MN (#48820)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Location
Financial SummaryTotal assets: $590.4 mil
Equity capital: $50.1 mil
Deposits held in domestic offices: $487.0 mil
Return on assets (ROA): 1.42% ($8.4 mil)
Quarterly return on assets: 1.31% ($7.7 mil)
Return on Equity (ROE): 15.61% ($7.8 mil)
Quarterly return on equity: 14.83% ($7.4 mil)
Net income: $7.8 mil
Quarterly Net income: $1.9 mil
Pretax return on assets: 2.16% ($12,753.0 mil)
Quarterly Pretax return on assets: 1.97% ($11,631.2 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)86
Total assets$590,415
Cash and due from depository institutions$41,816
Interest-bearing balances$23,002
Federal funds sold & reverse repurchase agreements$2,265
Net loans & leases$426,444
Loan loss allowance $6,607
Trading account assets$0
Bank premises and fixed assets$8,238
Other real estate owned$182
Goodwill and other intangibles$0
All other assets$10,751
Life insurance assets$590,415
Total liabilities and capital$540,274
Total liabilities$486,995
Total deposits$348,464
Interest-bearing deposits$486,995
Deposits held in domestic offices$85
% insured (estimated)47106.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$3,000
Other borrowed funds $0
Subordinated debt $3,173
All other liabilities $50,141
Total equity capital$50,141
Total bank equity capital$50,141
Perpetual preferred stock$0
Common stock$2,337
Undivided profits $30,198
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $5,883
Income earned, not collected on loans $7,527
Earning assets $0
Long-term assets (5+ years) $3,998
Average Assets, year-to-date $552,430
Average Assets, quarterly $90,143
Volatile liabilities $552,138
Insider loans $573,347
FHLB advances $471,015
Loans and leases held for sale $591,486
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $49,823
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $142,122
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $26,090
Total interest expense $2,477
Net interest income $23,613
Provision for loan and lease losses $755
Total noninterest income $4,756
Fiduciary activities $0
Service charges on deposit accounts $1,516
Trading account gains & fees $0
Additional noninterest income $3,240
Total noninterest expense $15,985
Salaries and employee benefits $7,297
Premises and equipment expense $908
Additional noninterest expense $7,780
Pre-tax net operating income $11,629
Securities gains (losses) $305
Applicable income taxes $4,096
Income before extraordinary items $7,838
Extraordinary gains - net $0
Net income attributable to bank $7,838
Net charge-offs $0
Cash dividends $7,838
Sale, conversion, retirement of capital stock, net $796
Net operating income $8,000
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.99%
Cost of funding earning assets 0.47%
Net interest margin 4.52%
Noninterest income to earning assets 0.91%
Noninterest expense to earning assets 3.06%
Net operating income to assets 1.38%
Return on assets (ROA) 1.42%
Pretax return on assets 2.16%
Return on equity (ROE) 15.61%
Retained earnings to average equity (YTD only) -0.32%
Net charge-offs to loans 0.19%
Credit loss provision to net charge-offs 94.85%
Efficiency ratio15.56%
Assets per employee$56,347
Cash dividends to net income (YTD only)6.87%
Condition Ratios (%)
Loss allowance to loans 102.07%
Loss allowance to noncurrent loans 1.53%
Noncurrent assets plus other real estate owned to assets 87.78%
Noncurrent loans to loans 1.31%
Net loans and leases to deposits1.74%
Net loans and leases to core deposits 87.57%
Equity capital to assets 92.73%
Core capital (leverage) ratio 8.49%
Tier 1 risk-based capital ratio 8.42%
Total risk-based capital ratio 10.58%
Average assets$12
Average earning assets$552,138
Average equity $50,224
Average loans $522,863
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4 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
07748Bremer Bank, National Association500 Willmar Avenue Se, Willmar, MN 56201January 01, 1876Full Service Brick and Mortar
69635Bremer Bank Branch208 East College Drive, Marshall, MN 56258January 01, 1935Full Service Brick and Mortar
79822Redwood Falls Branch101 East Fourth Street, Redwood Falls, MN 56283August 16, 1937Full Service Brick and Mortar
10525924Mankato Office1290 Raintree Road, Mankato, MN 56001September 19, 2011Full Service Brick and Mortar
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