Bremer Bank, National Association in International Falls, Minnesota (MN)

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Bremer Bank, National Association
GeneralFDIC Certificate #: 9343
Status: Active
Federal Reserve ID: 952453
Bank Holding Company (Regulatory Top Holder): Otto Bremer Foundation (RSSDID: 1121340, Location: Saint Paul, MN)
Date Established: January 01, 1908
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: 1 (Domestic: 1, Interstate: No)
OTS Docket #: 12289
FDIC's unique #: 5994
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: Mortgage 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: 345 Fourth Avenue, International Falls, MN 56649
County: Koochiching
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
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $116.5 mil
Equity capital: $8.2 mil
Deposits held in domestic offices: $95.3 mil
Return on assets (ROA): 0.94% ($1.1 mil)
Quarterly return on assets: 0.87% ($1.0 mil)
Return on Equity (ROE): 13.37% ($1.1 mil)
Quarterly return on equity: 12.04% ($1.0 mil)
Net income: $1.1 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.38% ($1,607.7 mil)
Quarterly Pretax return on assets: 1.23% ($1,432.9 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)13
Total assets$116,497
Cash and due from depository institutions$15,481
Interest-bearing balances$14,018
Federal funds sold & reverse repurchase agreements$1,624
Net loans & leases$49,264
Loan loss allowance $792
Trading account assets$0
Bank premises and fixed assets$309
Other real estate owned$12
Goodwill and other intangibles$0
All other assets$1,016
Life insurance assets$116,497
Total liabilities and capital$108,295
Total liabilities$95,297
Total deposits$80,036
Interest-bearing deposits$95,297
Deposits held in domestic offices$85
% insured (estimated)12492.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $506
All other liabilities $8,202
Total equity capital$8,202
Total bank equity capital$8,202
Perpetual preferred stock$0
Common stock$431
Undivided profits $4,321
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $314
Income earned, not collected on loans $37
Earning assets $0
Long-term assets (5+ years) $454
Average Assets, year-to-date $113,697
Average Assets, quarterly $28,880
Volatile liabilities $114,244
Insider loans $114,958
FHLB advances $53,908
Loans and leases held for sale $113,052
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $7,821
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $9,327
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,245
Total interest expense $850
Net interest income $3,395
Provision for loan and lease losses $69
Total noninterest income $773
Fiduciary activities $0
Service charges on deposit accounts $288
Trading account gains & fees $0
Additional noninterest income $485
Total noninterest expense $2,536
Salaries and employee benefits $1,154
Premises and equipment expense $116
Additional noninterest expense $1,266
Pre-tax net operating income $1,563
Securities gains (losses) $11
Applicable income taxes $497
Income before extraordinary items $1,077
Extraordinary gains - net $0
Net income attributable to bank $1,077
Net charge-offs $0
Cash dividends $1,077
Sale, conversion, retirement of capital stock, net $30
Net operating income $1,000
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.82%
Cost of funding earning assets 0.76%
Net interest margin 3.05%
Noninterest income to earning assets 0.70%
Noninterest expense to earning assets 2.28%
Net operating income to assets 0.94%
Return on assets (ROA) 0.94%
Pretax return on assets 1.38%
Return on equity (ROE) 13.37%
Retained earnings to average equity (YTD only) 0.96%
Net charge-offs to loans 0.06%
Credit loss provision to net charge-offs 230.00%
Efficiency ratio54.40%
Assets per employee$60,845
Cash dividends to net income (YTD only)8.96%
Condition Ratios (%)
Loss allowance to loans 92.85%
Loss allowance to noncurrent loans 1.58%
Noncurrent assets plus other real estate owned to assets 2140.54%
Noncurrent loans to loans 0.04%
Net loans and leases to deposits0.07%
Net loans and leases to core deposits 51.70%
Equity capital to assets 54.87%
Core capital (leverage) ratio 7.04%
Tier 1 risk-based capital ratio 6.92%
Total risk-based capital ratio 14.51%
Average assets$16
Average earning assets$114,244
Average equity $8,058
Average loans $111,211
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1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05994Bremer Bank, National Association345 Fourth Avenue, International Falls, MN 56649January 01, 1908Full Service Brick and Mortar
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