Bremer Bank, National Association in Grand Forks, North Dakota (ND), MN
Overview, Financial Summary, Detailed Financial Reports, Branches

Bremer Bank, National Association - Overview

  • General
  • FDIC Certificate #: 2055
    Status: Active
    Federal Reserve ID: 995450
    Bank Holding Company (Regulatory Top Holder): Otto Bremer Foundation (RSSDID: 1121340, Location: Saint Paul, MN)
    Date Established: November 11, 1917
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 9 (Domestic: 9, Interstate: Yes)
    OTS Docket #: 12160
    FDIC's unique #: 1359
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural 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: 3100 South Columbia Road, Grand Forks, ND 58201
    County: Grand Forks
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Forks
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Grand Forks, ND-MN (#2985)
    Core Based Statistical Area (CBSA): Grand Forks, ND-MN (#24220)
    CBSA Metro Statistical Area: Grand Forks, ND-MN (#24220)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $898.5 mil
    Equity capital: $78.8 mil
    Deposits held in domestic offices: $707.2 mil
    Return on assets (ROA): 1.31% ($11.8 mil)
    Quarterly return on assets: 1.56% ($14.0 mil)
    Return on Equity (ROE): 15.20% ($12.0 mil)
    Quarterly return on equity: 17.57% ($13.9 mil)
    Net income: $11.4 mil
    Quarterly Net income: $3.4 mil
    Pretax return on assets: 1.98% ($17,789.8 mil)
    Quarterly Pretax return on assets: 2.39% ($21,473.5 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
  • 110Total employees (full-time equivalent)
  • $898,474Total assets
  • $40,228Cash and due from depository institutions
  • $19,008Interest-bearing balances
  • $145,255Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $685,076Net loans & leases
  • $7,404Loan loss allowance
  • $0Trading account assets
  • $7,419Bank premises and fixed assets
  • $275Other real estate owned
  • $3,326Goodwill and other intangibles
  • $898,474Life insurance assets
  • $16,895All other assets
  • $819,653Total liabilities and capital
  • $707,214Total liabilities
  • $562,239Total deposits
  • $707,214Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 75167.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $32,000Trading liabilities
  • $0Other borrowed funds
  • $5,272Subordinated debt
  • $78,821All other liabilities
  • $78,821Total equity capital
  • $78,821Total bank equity capital
  • $0Perpetual preferred stock
  • $11,698Common stock
  • $26,804Surplus
  • $40,319Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,278Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,938Income earned, not collected on loans
  • $3,121Earning assets
  • $8,404Long-term assets (5+ years)
  • $849,339Average Assets, year-to-date
  • $137,859Average Assets, quarterly
  • $871,397Volatile liabilities
  • $882,203Insider loans
  • $709,218FHLB advances
  • $869,123Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $73,709Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $173,712Restructured Loans and leases
  • $10,355Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $40,029Total interest income
  • $6,788Total interest expense
  • $33,241Net interest income
  • $2,169Provision for loan and lease losses
  • $5,248Total noninterest income
  • $0Fiduciary activities
  • $1,574Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,674Additional noninterest income
  • $19,254Total noninterest expense
  • $8,055Salaries and employee benefits
  • $1,207Premises and equipment expense
  • $9,992Additional noninterest expense
  • $17,066Pre-tax net operating income
  • $215Securities gains (losses)
  • $5,862Applicable income taxes
  • $11,419Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,419Net income attributable to bank
  • $0Net charge-offs
  • $11,419Cash dividends
  • $957Sale, conversion, retirement of capital stock, net
  • $6,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.82%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 4.01%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 2.32%Noninterest expense to earning assets
  • 1.29%Net operating income to assets
  • 1.31%Return on assets (ROA)
  • 1.98%Pretax return on assets
  • 15.20%Return on equity (ROE)
  • 7.21%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 226.65%Credit loss provision to net charge-offs
  • 20.10%Efficiency ratio
  • 50,025Assets per employee
  • 8.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.54%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 124.69%Noncurrent assets plus other real estate owned to assets
  • 0.69%Noncurrent loans to loans
  • 0.86%Net loans and leases to deposits
  • 96.87%Net loans and leases to core deposits
  • 104.78%Equity capital to assets
  • 8.77%Core capital (leverage) ratio
  • 8.48%Tier 1 risk-based capital ratio
  • 10.39%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $871,397Average earning assets
  • $75,124Average equity
  • $829,780Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    123424Crookston Branch201 North Broadway, Crookston, MN 56716January 01, 1881Full Service Brick and Mortar
    13207114Fisher Branch321 Thompson Avenue S, Fisher, MN 56723April 03, 1978Full Service Brick and Mortar
    156246Warren Branch202 West Johnson Avenue, Warren, MN 56762July 05, 1892Full Service Brick and Mortar
  • 6 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01359Bremer Bank, National Association3100 South Columbia Road, Grand Forks, ND 58201November 11, 1917Full Service Brick and Mortar
    2190814Grand Forks North Branch921 North Washington, Grand Forks, ND 58201November 27, 1964Limited Service Facility
    66052Grafton Branch910 Hill Avenue, Grafton, ND 58237April 02, 1892Full Service Brick and Mortar
    7220110Fordville Branch113 Main Street, Fordville, ND 58231May 01, 1937Limited Service Facility
    111360Larimore Branch119 Towner Avenue, Larimore, ND 58251January 01, 1930Full Service Brick and Mortar
    18492746Gilby Branch231 Main Street, Gilby, ND 58235June 26, 2008Limited Service Facility

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