Bremer Bank, National Association in South St. Paul, Minnesota (MN)
| Bremer Bank, National Association | |
|---|---|
| General | FDIC Certificate #: 12923 Status: Active Federal Reserve ID: 800657 Bank Holding Company (Regulatory Top Holder): Otto Bremer Foundation (RSSDID: 1121340, Location: Saint Paul, MN) Date Established: November 19, 1932 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: 29 (Domestic: 29, Interstate: No) OTS Docket #: 12109 FDIC's unique #: 8180 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 |
| Location | Address: 633 South Concord Street, South St. Paul, MN 55075 County: Dakota 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: $2,725.5 mil Equity capital: $264.2 mil Deposits held in domestic offices: $2,268.8 mil Return on assets (ROA): 0.74% ($20.2 mil) Quarterly return on assets: 1.05% ($28.6 mil) Return on Equity (ROE): 7.54% ($19.9 mil) Quarterly return on equity: 10.78% ($28.5 mil) Net income: $20.5 mil Quarterly Net income: $7.2 mil Pretax return on assets: 1.06% ($28,889.8 mil) Quarterly Pretax return on assets: 1.54% ($41,972.0 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 273 |
| Total assets | $2,725,454 |
| Cash and due from depository institutions | $512,481 |
| Interest-bearing balances | $461,823 |
| Securities | $432,500 |
| Federal funds sold & reverse repurchase agreements | $10,544 |
| Net loans & leases | $1,623,726 |
| Loan loss allowance | $29,298 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $32,600 |
| Other real estate owned | $13,091 |
| Goodwill and other intangibles | $60,651 |
| All other assets | $39,861 |
| Life insurance assets | $2,725,454 |
| Total liabilities and capital | $2,461,213 |
| Total liabilities | $2,268,759 |
| Total deposits | $1,750,023 |
| Interest-bearing deposits | $2,268,759 |
| Deposits held in domestic offices | $72 |
| % insured (estimated) | 126654.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $49,704 |
| Other borrowed funds | $0 |
| Subordinated debt | $16,096 |
| All other liabilities | $264,241 |
| Total equity capital | $264,241 |
| Total bank equity capital | $264,241 |
| Perpetual preferred stock | $0 |
| Common stock | $4,608 |
| Surplus | $176,600 |
| Undivided profits | $83,033 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $7,186 |
| Income earned, not collected on loans | $21,443 |
| Earning assets | $6,749 |
| Long-term assets (5+ years) | $8,375 |
| Average Assets, year-to-date | $2,528,593 |
| Average Assets, quarterly | $300,236 |
| Volatile liabilities | $2,753,697 |
| Insider loans | $2,723,975 |
| FHLB advances | $1,791,823 |
| Loans and leases held for sale | $2,686,086 |
| Unused loan commitments | $2,739 |
| Tier 1 (core) risk-based capital | $2,739 |
| Tier 2 risk-based capital | $213,343 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $522,883 |
| Derivatives | $499 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $96,899 |
| Total interest expense | $14,204 |
| Net interest income | $82,695 |
| Provision for loan and lease losses | $10,050 |
| Total noninterest income | $19,483 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $6,754 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $12,729 |
| Total noninterest expense | $64,248 |
| Salaries and employee benefits | $24,459 |
| Premises and equipment expense | $6,252 |
| Additional noninterest expense | $33,537 |
| Pre-tax net operating income | $27,880 |
| Securities gains (losses) | $1,399 |
| Applicable income taxes | $8,823 |
| Income before extraordinary items | $20,456 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $20,456 |
| Net charge-offs | $0 |
| Cash dividends | $20,456 |
| Sale, conversion, retirement of capital stock, net | $9,770 |
| Net operating income | $36,000 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 3.79% |
| Cost of funding earning assets | 0.56% |
| Net interest margin | 3.23% |
| Noninterest income to earning assets | 0.76% |
| Noninterest expense to earning assets | 2.51% |
| Net operating income to assets | 0.71% |
| Return on assets (ROA) | 0.74% |
| Pretax return on assets | 1.06% |
| Return on equity (ROE) | 7.54% |
| Retained earnings to average equity (YTD only) | -5.73% |
| Net charge-offs to loans | 0.62% |
| Credit loss provision to net charge-offs | 102.87% |
| Efficiency ratio | 3.88% |
| Assets per employee | $62,375 |
| Cash dividends to net income (YTD only) | 9.98% |
| Condition Ratios (%) | |
| Loss allowance to loans | 175.99% |
| Loss allowance to noncurrent loans | 1.77% |
| Noncurrent assets plus other real estate owned to assets | 136.63% |
| Noncurrent loans to loans | 1.27% |
| Net loans and leases to deposits | 1.30% |
| Net loans and leases to core deposits | 71.57% |
| Equity capital to assets | 72.89% |
| Core capital (leverage) ratio | 9.70% |
| Tier 1 risk-based capital ratio | 7.94% |
| Total risk-based capital ratio | 11.91% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $2,753,697 |
| Average equity | $271,375 |
| Average loans | $2,558,923 |
| Bank Assets Sold and Securitized (December 31, 2006) (Dollar figures in thousands) | |
| Principal balance with servicing or other recourse retained | |
| 1-4 family residential loans | $0 |
| Home equity lines | $175,000 |
| Credit cards receivables | $0 |
| Auto loans | $0 |
| Other consumer loans | $0 |
| Commercial and industrial loans | $0 |
| 29 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 8180 | Bremer Bank, National Association | 633 South Concord Street, South St. Paul, MN 55075 | November 19, 1932 | Full Service Brick and Mortar |  |
| 1 | 228546 | Inver Grove Heights Office | 6800 Cahill Avenue, Inver Grove Heights, MN 55076 | June 05, 1978 | Full Service Brick and Mortar |  |
| 2 | 228547 | Eagan Branch | 1995 Rahncliff Court, Eagan, MN 55122 | September 07, 1989 | Full Service Brick and Mortar | |
| 3 | 273314 | Roseville Branch | 1715 West County Road B2, Roseville, MN 55113 | June 30, 1985 | Full Service Brick and Mortar | |
| 4 | 5634 | Watertown Branch | 301 Territorial St E, Watertown, MN 55388 | August 31, 1916 | Full Service Brick and Mortar | |
| 5 | 228548 | Brooklyn Park Branch | 8535 Edinburgh Drive, Brooklyn Park, MN 55443 | June 18, 1997 | Full Service Retail | |
| 6 | 228549 | White Bear Lake Branch | 4600 White Bear Parkway, White Bear Lake, MN 55110 | August 13, 1997 | Full Service Brick and Mortar | |
| 9 | 16011 | Eden Prairie Branch | 11800 Singletree Lane, Eden Prairie, MN 55344 | July 16, 1979 | Full Service Brick and Mortar | |
| 10 | 255569 | Calhoun Square Branch | 3001 Hennepin Avenue South, Minneapolis, MN 55408 | May 06, 1987 | Full Service Brick and Mortar | |
| 11 | 906 | Princeton Branch | 202 South Rum River Dr, Princeton, MN 55371 | April 01, 1908 | Full Service Brick and Mortar | |
| 12 | 189448 | Zimmerman Office | 26120 Third Street East, Zimmerman, MN 55398 | June 19, 1978 | Full Service Brick and Mortar | |
| 14 | 10521 | Milaca Branch | 190 South Central Avenue, Milaca, MN 56353 | November 29, 1945 | Full Service Brick and Mortar | |
| 17 | 14897 | Minnetonka Branch | 17600 Highway 7, Minnetonka, MN 55345 | April 22, 1974 | Full Service Brick and Mortar | |
| 18 | 11765 | St. Anthony Branch | 2401 Lowry Avenue, Northeast, St. Anthony, MN 55418 | December 10, 1957 | Full Service Brick and Mortar | |
| 19 | 245640 | Arden Hills Branch | 4061 North Lexington Avenue, Arden Hills, MN 55126 | November 01, 1978 | Full Service Brick and Mortar | |
| 20 | 11410 | St. Louis Park Branch | 8800 Highway 7, St. Louis Park, MN 55426 | March 21, 1955 | Full Service Brick and Mortar | |
| 21 | 13422 | Richfield Branch | 6500 Nicollet Avenue South, Richfield, MN 55423 | August 15, 1966 | Full Service Brick and Mortar | |
| 22 | 287209 | Edina Branch | 6900 France Avenue South, Edina, MN 55435 | June 30, 1986 | Full Service Brick and Mortar | |
| 23 | 287210 | Brooklyn Center Branch | 5540 Brooklyn Boulevard, Brooklyn Center, MN 55429 | June 30, 1987 | Full Service Brick and Mortar | |
| 24 | 287214 | Ids Center Branch | 80 South 8th Street Suite 240, Minneapolis, MN 55402 | April 28, 1995 | Full Service Brick and Mortar | |
| 25 | 280728 | Midway Branch | 427 North Snelling Ave, St. Paul, MN 55104 | January 01, 1891 | Full Service Brick and Mortar | |
| 26 | 280738 | Maplewood Branch | 2965 Whitebear Avenue, Maplewood, MN 55109 | January 01, 1891 | Full Service Brick and Mortar | |
| 31 | 6255 | Lawson Center | 372 Saint Peter Street, Saint Paul, MN 55102 | April 01, 1933 | Full Service Brick and Mortar | |
| 32 | 365896 | Plymouth Branch | 3415 Vicksburg Lane North, Plymouth, MN 55447 | January 08, 2003 | Full Service Brick and Mortar | |
| 33 | 365897 | Minneapolis 6th Street Branch | 225 South Sixth Street, Suite 200, Minneapolis, MN 55402 | January 08, 2003 | Full Service Brick and Mortar | |
| 34 | 445947 | State Fair Office Branch | 1677 Dan Patch Avenue, Saint Paul, MN 55108 | August 24, 2005 | Full Service Brick and Mortar | |
| 35 | 465857 | Bremer Bank, Woodbury Branch | 10040 City Walk Drive, Woodbury, MN 55129 | July 01, 2006 | Full Service Brick and Mortar | |
| 36 | 478951 | Lakeville Branch | 17600 Cedar Avenue, Lakeville, MN 55044 | September 15, 2007 | Full Service Brick and Mortar | |
| 37 | 478952 | Stillwater Branch | 5990 Nova Scotia Avenue North, Stillwater, MN 55082 | April 14, 2008 | Full Service Brick and Mortar | |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.