Crown Bank in Edina, Minnesota (MN)



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Crown Bank
GeneralFDIC 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
WWW: http://www.crown-bank.com
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)33
Total assets$234,313
Cash and due from depository institutions$27,711
Interest-bearing balances$24,269
Securities$7,129
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$185,460
Loan loss allowance $4,959
Trading account assets$0
Bank premises and fixed assets$709
Other real estate owned$4,115
Goodwill and other intangibles$0
All other assets$9,189
Life insurance assets$234,313
Total liabilities and capital$216,179
Total liabilities$215,210
Total deposits$174,425
Interest-bearing deposits$215,210
Deposits held in domestic offices$84
% insured (estimated)58.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $911
All other liabilities $18,134
Total equity capital$18,134
Total bank equity capital$18,134
Perpetual preferred stock$0
Common stock$100
Surplus$24,000
Undivided profits $-5,966
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $4,095
Earning assets $0
Long-term assets (5+ years) $841
Average Assets, year-to-date $216,858
Average Assets, quarterly $4,705
Volatile liabilities $249,627
Insider loans $246,073
FHLB advances $201,284
Loans and leases held for sale $238,357
Unused loan commitments $5,199
Tier 1 (core) risk-based capital $4,412
Tier 2 risk-based capital $18,021
Total risk weighted assets $0
Total unused commitments $787
Restructured Loans and leases $39,957
Derivatives$1,802
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,812
Total interest expense $3,189
Net interest income $9,623
Provision for loan and lease losses $8,265
Total noninterest income $20
Fiduciary activities $0
Service charges on deposit accounts $294
Trading account gains & fees $0
Additional noninterest income -$274
Total noninterest expense $8,257
Salaries and employee benefits $4,593
Premises and equipment expense $1,023
Additional noninterest expense $2,641
Pre-tax net operating income -$6,879
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items -$6,879
Extraordinary gains - net $0
Net income attributable to bank -$6,879
Net charge-offs $0
Cash dividends -$6,879
Sale, conversion, retirement of capital stock, net $7,961
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.53%
Cost of funding earning assets 1.38%
Net interest margin 4.15%
Noninterest income to earning assets 0.01%
Noninterest expense to earning assets 3.56%
Net operating income to assets -2.76%
Return on assets (ROA) -2.76%
Pretax return on assets -2.76%
Return on equity (ROE) -33.68%
Retained earnings to average equity (YTD only) -33.68%
Net charge-offs to loans 3.86%
Credit loss provision to net charge-offs 103.82%
Efficiency ratio0.17%
Assets per employee$85,627
Cash dividends to net income (YTD only)7.10%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.60%
Noncurrent assets plus other real estate owned to assets 121.10%
Noncurrent loans to loans 3.50%
Net loans and leases to deposits2.15%
Net loans and leases to core deposits 86.18%
Equity capital to assets 91.64%
Core capital (leverage) ratio 7.74%
Tier 1 risk-based capital ratio 7.56%
Total risk-based capital ratio 8.95%
Memoranda
Average assets$10
Average earning assets$249,627
Average equity $20,424
Average loans $231,659
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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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