FDIC Certificate #: 57078 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:KleinBank (#1414) Federal Reserve ID: 2934903 Date Established: November 13, 2000 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 356928 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: November 13, 2000 Last Structure Change Effective Date: April 10, 2010 Last Structure Change Process Date: April 15, 2010 Last Data Update: April 15, 2010 Data Source Date: April 05, 2012
Location
Address: 3455 Plymouth Boulevard, Plymouth, MN 55447 County: Hennepin 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)
Financial Summary
Total assets: $56.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
12Total employees (full-time equivalent)
$59,845Total assets
$2,112Cash and due from depository institutions
$100Interest-bearing balances
$296Securities
$6,613Federal funds sold & reverse repurchase agreements
$44,722Net loans & leases
$60Loan loss allowance
$0Trading account assets
$2,652Bank premises and fixed assets
$280Other real estate owned
$2,513Goodwill and other intangibles
$0Life insurance assets
$657All other assets
$59,845Total liabilities and capital
$51,460Total liabilities
$45,148Total deposits
$37,779Interest-bearing deposits
$45,148Deposits held in domestic offices
98.85%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,500Other borrowed funds
$0Subordinated debt
$1,812All other liabilities
$8,385Total equity capital
$8,385Total bank equity capital
$8,385Perpetual preferred stock
$0Common stock
$750Surplus
$7,650Undivided profits
Memoranda
$-15Noncurrent loans and leases
$5,778Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,861Earning assets
$0Long-term assets (5+ years)
$162Average Assets, year-to-date
$51,731Average Assets, quarterly
$6,571Volatile liabilities
$64,277Insider loans
$60,325FHLB advances
$5,318Loans and leases held for sale
$0Unused loan commitments
$4,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,778Total unused commitments
$0Restructured Loans and leases
$60Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$518Total interest income
$229Total interest expense
$289Net interest income
$50Provision for loan and lease losses
$182Total noninterest income
$0Fiduciary activities
$29Service charges on deposit accounts
$0Trading account gains & fees
$153Additional noninterest income
$438Total noninterest expense
$151Salaries and employee benefits
$23Premises and equipment expense
$264Additional noninterest expense
-$17Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$17Income before extraordinary items
$0Extraordinary gains - net
-$17Net income attributable to bank
$0Net charge-offs
-$17Cash dividends
$1,135Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.90%Yield on earning assets
0.40%Cost of funding earning assets
0.50%Net interest margin
0.32%Noninterest income to earning assets
0.76%Noninterest expense to earning assets
-0.03%Net operating income to assets
-0.03%Return on assets (ROA)
-0.03%Pretax return on assets
-0.32%Return on equity (ROE)
-0.32%Retained earnings to average equity (YTD only)
2.06%Net charge-offs to loans
4.41%Credit loss provision to net charge-offs
0.03%Efficiency ratio
61,783Assets per employee
4.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.13%Loss allowance to noncurrent loans
2.10%Noncurrent assets plus other real estate owned to assets
5.25%Noncurrent loans to loans
6.39%Net loans and leases to deposits
99.06%Net loans and leases to core deposits
110.89%Equity capital to assets
14.01%Core capital (leverage) ratio
10.19%Tier 1 risk-based capital ratio
11.11%Total risk-based capital ratio
Memoranda
$11Average assets
$64,277Average earning assets
$5,376Average equity
$57,692Average loans
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