Crown Bank in Edina, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Crown Bank in Edina, Minnesota (MN)
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Crown Bank - Overview

  • General
  • FDIC Certificate #: 35480
    Status: Active
    Federal Reserve ID: 2860271
    Bank Holding Company (Regulatory Top Holder): Crown Bankshares, Inc. (RSSDID: 2860262, Location: Edina, MN)
    Date Established: May 22, 2000
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 80564
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 22, 2000
    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: 6600 France Avenue South, Suite 125, Edina, MN 55435
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $234.3 mil
    Equity capital: $18.1 mil
    Deposits held in domestic offices: $215.2 mil
    Return on assets (ROA): -2.76% (-$6.5 mil)
    Quarterly return on assets: -0.25% (-$0.6 mil)
    Return on Equity (ROE): -33.68% (-$6.1 mil)
    Quarterly return on equity: -3.38% (-$0.6 mil)
    Net income: -$6.9 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -2.76% (-$6,467.0 mil)
    Quarterly Pretax return on assets: -0.25% (-$585.8 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
  • 33Total employees (full-time equivalent)
  • $234,313Total assets
  • $27,711Cash and due from depository institutions
  • $24,269Interest-bearing balances
  • $7,129Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $185,460Net loans & leases
  • $4,959Loan loss allowance
  • $0Trading account assets
  • $709Bank premises and fixed assets
  • $4,115Other real estate owned
  • $0Goodwill and other intangibles
  • $234,313Life insurance assets
  • $9,189All other assets
  • $216,179Total liabilities and capital
  • $215,210Total liabilities
  • $174,425Total deposits
  • $215,210Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 58.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $911Subordinated debt
  • $18,134All other liabilities
  • $18,134Total equity capital
  • $18,134Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $24,000Surplus
  • $-5,966Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,095Income earned, not collected on loans
  • $0Earning assets
  • $841Long-term assets (5+ years)
  • $216,858Average Assets, year-to-date
  • $4,705Average Assets, quarterly
  • $249,627Volatile liabilities
  • $246,073Insider loans
  • $201,284FHLB advances
  • $238,357Loans and leases held for sale
  • $5,199Unused loan commitments
  • $4,412Tier 1 (core) risk-based capital
  • $18,021Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $787Total unused commitments
  • $39,957Restructured Loans and leases
  • $1,802Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,812Total interest income
  • $3,189Total interest expense
  • $9,623Net interest income
  • $8,265Provision for loan and lease losses
  • $20Total noninterest income
  • $0Fiduciary activities
  • $294Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$274Additional noninterest income
  • $8,257Total noninterest expense
  • $4,593Salaries and employee benefits
  • $1,023Premises and equipment expense
  • $2,641Additional noninterest expense
  • -$6,879Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$6,879Income before extraordinary items
  • $0Extraordinary gains - net
  • -$6,879Net income attributable to bank
  • $0Net charge-offs
  • -$6,879Cash dividends
  • $7,961Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.53%Yield on earning assets
  • 1.38%Cost of funding earning assets
  • 4.15%Net interest margin
  • 0.01%Noninterest income to earning assets
  • 3.56%Noninterest expense to earning assets
  • -2.76%Net operating income to assets
  • -2.76%Return on assets (ROA)
  • -2.76%Pretax return on assets
  • -33.68%Return on equity (ROE)
  • -33.68%Retained earnings to average equity (YTD only)
  • 3.86%Net charge-offs to loans
  • 103.82%Credit loss provision to net charge-offs
  • 0.17%Efficiency ratio
  • 85,627Assets per employee
  • 7.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.60%Loss allowance to noncurrent loans
  • 121.10%Noncurrent assets plus other real estate owned to assets
  • 3.50%Noncurrent loans to loans
  • 2.15%Net loans and leases to deposits
  • 86.18%Net loans and leases to core deposits
  • 91.64%Equity capital to assets
  • 7.74%Core capital (leverage) ratio
  • 7.56%Tier 1 risk-based capital ratio
  • 8.95%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $249,627Average earning assets
  • $20,424Average equity
  • $231,659Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    080564Crown Bank6600 France Avenue South, Suite 125, Edina, MN 55435May 22, 2000Full Service Brick and Mortar
    1433843Marquette Avenue Branch601 Marquette Avenue, Minneapolis, MN 55402December 31, 2004Full Service Brick and Mortar

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