Bremer Bank, National Association in Grand Forks, North Dakota (ND), MN



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Bremer Bank, National Association
GeneralFDIC 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
WWW: http://www.bremer.com
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)110
Total assets$898,474
Cash and due from depository institutions$40,228
Interest-bearing balances$19,008
Securities$145,255
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$685,076
Loan loss allowance $7,404
Trading account assets$0
Bank premises and fixed assets$7,419
Other real estate owned$275
Goodwill and other intangibles$3,326
All other assets$16,895
Life insurance assets$898,474
Total liabilities and capital$819,653
Total liabilities$707,214
Total deposits$562,239
Interest-bearing deposits$707,214
Deposits held in domestic offices$88
% insured (estimated)75167.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$32,000
Other borrowed funds $0
Subordinated debt $5,272
All other liabilities $78,821
Total equity capital$78,821
Total bank equity capital$78,821
Perpetual preferred stock$0
Common stock$11,698
Surplus$26,804
Undivided profits $40,319
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $3,278
Income earned, not collected on loans $5,938
Earning assets $3,121
Long-term assets (5+ years) $8,404
Average Assets, year-to-date $849,339
Average Assets, quarterly $137,859
Volatile liabilities $871,397
Insider loans $882,203
FHLB advances $709,218
Loans and leases held for sale $869,123
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $73,709
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $173,712
Derivatives$10,355
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $40,029
Total interest expense $6,788
Net interest income $33,241
Provision for loan and lease losses $2,169
Total noninterest income $5,248
Fiduciary activities $0
Service charges on deposit accounts $1,574
Trading account gains & fees $0
Additional noninterest income $3,674
Total noninterest expense $19,254
Salaries and employee benefits $8,055
Premises and equipment expense $1,207
Additional noninterest expense $9,992
Pre-tax net operating income $17,066
Securities gains (losses) $215
Applicable income taxes $5,862
Income before extraordinary items $11,419
Extraordinary gains - net $0
Net income attributable to bank $11,419
Net charge-offs $0
Cash dividends $11,419
Sale, conversion, retirement of capital stock, net $957
Net operating income $6,000
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.82%
Cost of funding earning assets 0.82%
Net interest margin 4.01%
Noninterest income to earning assets 0.63%
Noninterest expense to earning assets 2.32%
Net operating income to assets 1.29%
Return on assets (ROA) 1.31%
Pretax return on assets 1.98%
Return on equity (ROE) 15.20%
Retained earnings to average equity (YTD only) 7.21%
Net charge-offs to loans 0.14%
Credit loss provision to net charge-offs 226.65%
Efficiency ratio20.10%
Assets per employee$50,025
Cash dividends to net income (YTD only)8.17%
Condition Ratios (%)
Loss allowance to loans 52.54%
Loss allowance to noncurrent loans 1.07%
Noncurrent assets plus other real estate owned to assets 124.69%
Noncurrent loans to loans 0.69%
Net loans and leases to deposits0.86%
Net loans and leases to core deposits 96.87%
Equity capital to assets 104.78%
Core capital (leverage) ratio 8.77%
Tier 1 risk-based capital ratio 8.48%
Total risk-based capital ratio 10.39%
Memoranda
Average assets$12
Average earning assets$871,397
Average equity $75,124
Average loans $829,780
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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
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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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