Bremer Bank, National Association in Saint Cloud, Minnesota (MN)

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Bremer Bank, National Association
GeneralFDIC Certificate #: 5241
Status: Active
Federal Reserve ID: 824550
Bank Holding Company (Regulatory Top Holder): Otto Bremer Foundation (RSSDID: 1121340, Location: Saint Paul, MN)
Date Established: January 01, 1920
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: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 11348
FDIC's unique #: 3521
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: 1100 St. Germain Street, Saint Cloud, MN 56301
County: Stearns
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): St. Cloud, MN (#6980)
Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
Core Based Statistical Area (CBSA): St. Cloud, MN (#41060)
CBSA Metro Statistical Area: St. Cloud, MN (#41060)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $608.6 mil
Equity capital: $58.6 mil
Deposits held in domestic offices: $524.0 mil
Return on assets (ROA): 1.22% ($7.4 mil)
Quarterly return on assets: 1.27% ($7.7 mil)
Return on Equity (ROE): 11.70% ($6.9 mil)
Quarterly return on equity: 12.76% ($7.5 mil)
Net income: $7.2 mil
Quarterly Net income: $1.9 mil
Pretax return on assets: 1.84% ($11,199.1 mil)
Quarterly Pretax return on assets: 1.90% ($11,564.3 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)95
Total assets$608,648
Cash and due from depository institutions$30,836
Interest-bearing balances$18,005
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$470,873
Loan loss allowance $7,343
Trading account assets$0
Bank premises and fixed assets$5,706
Other real estate owned$2,927
Goodwill and other intangibles$0
All other assets$10,005
Life insurance assets$608,648
Total liabilities and capital$550,073
Total liabilities$523,984
Total deposits$399,129
Interest-bearing deposits$523,984
Deposits held in domestic offices$76
% insured (estimated)22310.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$14
Other borrowed funds $0
Subordinated debt $3,765
All other liabilities $58,575
Total equity capital$58,575
Total bank equity capital$58,575
Perpetual preferred stock$0
Common stock$6,000
Undivided profits $49,094
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $8,097
Income earned, not collected on loans $7,940
Earning assets $675
Long-term assets (5+ years) $2,205
Average Assets, year-to-date $577,179
Average Assets, quarterly $87,078
Volatile liabilities $585,024
Insider loans $599,088
FHLB advances $496,658
Loans and leases held for sale $592,563
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $58,536
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $177,994
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $27,339
Total interest expense $2,453
Net interest income $24,886
Provision for loan and lease losses $2,946
Total noninterest income $5,335
Fiduciary activities $0
Service charges on deposit accounts $1,562
Trading account gains & fees $0
Additional noninterest income $3,773
Total noninterest expense $16,778
Salaries and employee benefits $7,385
Premises and equipment expense $1,227
Additional noninterest expense $8,166
Pre-tax net operating income $10,497
Securities gains (losses) $242
Applicable income taxes $3,573
Income before extraordinary items $7,166
Extraordinary gains - net $0
Net income attributable to bank $7,166
Net charge-offs $0
Cash dividends $7,166
Sale, conversion, retirement of capital stock, net $2,690
Net operating income $12,000
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.90%
Cost of funding earning assets 0.44%
Net interest margin 4.46%
Noninterest income to earning assets 0.96%
Noninterest expense to earning assets 3.01%
Net operating income to assets 1.20%
Return on assets (ROA) 1.22%
Pretax return on assets 1.84%
Return on equity (ROE) 11.70%
Retained earnings to average equity (YTD only) -7.89%
Net charge-offs to loans 0.58%
Credit loss provision to net charge-offs 109.52%
Efficiency ratio5.00%
Assets per employee$55,518
Cash dividends to net income (YTD only)6.41%
Condition Ratios (%)
Loss allowance to loans 167.46%
Loss allowance to noncurrent loans 1.54%
Noncurrent assets plus other real estate owned to assets 92.48%
Noncurrent loans to loans 1.79%
Net loans and leases to deposits1.66%
Net loans and leases to core deposits 89.86%
Equity capital to assets 94.30%
Core capital (leverage) ratio 9.62%
Tier 1 risk-based capital ratio 9.88%
Total risk-based capital ratio 11.79%
Average assets$13
Average earning assets$585,024
Average equity $61,273
Average loans $557,535
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5 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03521Bremer Bank, National Association1100 St. Germain Street, Saint Cloud, MN 56301January 01, 1920Full Service Brick and Mortar
35631Rice Branch100 East Main Street, Rice, MN 56367December 21, 1916Full Service Brick and Mortar
6207388St Cloud West Branch4150 2nd St South, Saint Cloud, MN 56301November 01, 1983Full Service Brick and Mortar
7207389Sauk Rapids Branch110 1st Street South, Sauk Rapids, MN 56379April 18, 1994Full Service Retail
8207390Sartell Branch520 1st Street N.E., Sartell, MN 56377January 05, 1998Full Service Retail
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