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



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Bremer Bank, National Association routing number info

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Bremer Bank, National Association
GeneralFDIC Certificate #: 12917
Status: Active
Federal Reserve ID: 275750
Bank Holding Company (Regulatory Top Holder): Otto Bremer Foundation (RSSDID: 1121340, Location: Saint Paul, MN)
Date Established: September 16, 1889
WWW: http://www.bremer.com
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 #: 12263
FDIC's unique #: 8174
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: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 321 South 7th Street, Brainerd, MN 56401
County: Crow Wing
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
Core Based Statistical Area (CBSA): Brainerd, MN (#14660)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $340.8 mil
Equity capital: $36.4 mil
Deposits held in domestic offices: $282.8 mil
Return on assets (ROA): 1.06% ($3.6 mil)
Quarterly return on assets: 1.35% ($4.6 mil)
Return on Equity (ROE): 10.03% ($3.6 mil)
Quarterly return on equity: 12.62% ($4.5 mil)
Net income: $3.7 mil
Quarterly Net income: $1.2 mil
Pretax return on assets: 1.53% ($5,214.9 mil)
Quarterly Pretax return on assets: 2.01% ($6,851.0 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)53
Total assets$340,844
Cash and due from depository institutions$3,871
Interest-bearing balances$4
Securities$82,600
Federal funds sold & reverse repurchase agreements$6,674
Net loans & leases$236,380
Loan loss allowance $4,871
Trading account assets$0
Bank premises and fixed assets$2,672
Other real estate owned$1,560
Goodwill and other intangibles$1,556
All other assets$5,531
Life insurance assets$340,844
Total liabilities and capital$304,400
Total liabilities$282,772
Total deposits$242,087
Interest-bearing deposits$282,772
Deposits held in domestic offices$80
% insured (estimated)19859.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,769
All other liabilities $36,444
Total equity capital$36,444
Total bank equity capital$36,444
Perpetual preferred stock$0
Common stock$938
Surplus$11,189
Undivided profits $24,317
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $2,417
Income earned, not collected on loans $4,697
Earning assets $25
Long-term assets (5+ years) $1,446
Average Assets, year-to-date $325,658
Average Assets, quarterly $64,126
Volatile liabilities $346,143
Insider loans $344,252
FHLB advances $248,140
Loans and leases held for sale $347,517
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $34,004
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $67,929
Derivatives$14,520
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $15,693
Total interest expense $1,516
Net interest income $14,177
Provision for loan and lease losses $1,548
Total noninterest income $2,612
Fiduciary activities $0
Service charges on deposit accounts $689
Trading account gains & fees $0
Additional noninterest income $1,923
Total noninterest expense $10,150
Salaries and employee benefits $4,161
Premises and equipment expense $630
Additional noninterest expense $5,359
Pre-tax net operating income $5,091
Securities gains (losses) $209
Applicable income taxes $1,623
Income before extraordinary items $3,677
Extraordinary gains - net $0
Net income attributable to bank $3,677
Net charge-offs $0
Cash dividends $3,677
Sale, conversion, retirement of capital stock, net $2,716
Net operating income $3,000
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.76%
Cost of funding earning assets 0.46%
Net interest margin 4.30%
Noninterest income to earning assets 0.79%
Noninterest expense to earning assets 3.08%
Net operating income to assets 1.02%
Return on assets (ROA) 1.06%
Pretax return on assets 1.53%
Return on equity (ROE) 10.03%
Retained earnings to average equity (YTD only) 1.85%
Net charge-offs to loans 1.11%
Credit loss provision to net charge-offs 57.00%
Efficiency ratio2.44%
Assets per employee$60,456
Cash dividends to net income (YTD only)6.43%
Condition Ratios (%)
Loss allowance to loans 81.59%
Loss allowance to noncurrent loans 2.02%
Noncurrent assets plus other real estate owned to assets 103.70%
Noncurrent loans to loans 1.84%
Net loans and leases to deposits1.95%
Net loans and leases to core deposits 83.59%
Equity capital to assets 90.10%
Core capital (leverage) ratio 10.69%
Tier 1 risk-based capital ratio 9.78%
Total risk-based capital ratio 13.70%
Memoranda
Average assets$15
Average earning assets$346,143
Average equity $36,649
Average loans $329,515
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4 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08174Bremer Bank, National Association321 South 7th Street, Brainerd, MN 56401September 16, 1889Full Service Brick and Mortar
2228536Baxter Branch7558 Design Road, Baxter, MN 56425May 19, 1981Limited Service Facility
4228538Baxter Cub Foods14133 Edgewood Drive North, Baxter, MN 56425July 02, 1997Full Service Retail
53392Aitkin Branch101 Minnesota Avenue North, Aitkin, MN 56431August 28, 1900Full Service Brick and Mortar
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