FDIC Certificate #: 35576 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Franklin National Bank of Minneapolis (#18424) Federal Reserve ID: 2911511 Date Established: August 28, 2000 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 82004 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: August 28, 2000 Last Structure Change Effective Date: July 20, 2009 Last Structure Change Process Date: September 11, 2009 Last Data Update: September 11, 2009 Data Source Date: April 05, 2012
Location
Address: 1413 Fourth Street Se, Minneapolis, MN 55414 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: $15.5 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
8Total employees (full-time equivalent)
$20,915Total assets
$2,657Cash and due from depository institutions
$0Interest-bearing balances
$2,611Securities
$0Federal funds sold & reverse repurchase agreements
$14,563Net loans & leases
$444Loan loss allowance
$0Trading account assets
$96Bank premises and fixed assets
$259Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$729All other assets
$20,915Total liabilities and capital
$18,094Total liabilities
$17,059Total deposits
$14,556Interest-bearing deposits
$17,059Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,000Other borrowed funds
$0Subordinated debt
$35All other liabilities
$2,821Total equity capital
$2,821Total bank equity capital
$2,821Perpetual preferred stock
$0Common stock
$291Surplus
$3,009Undivided profits
Memoranda
$-479Noncurrent loans and leases
$1,395Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$440Earning assets
$0Long-term assets (5+ years)
$109Average Assets, year-to-date
$17,174Average Assets, quarterly
$5,119Volatile liabilities
$20,344Insider loans
$20,125FHLB advances
$8,168Loans and leases held for sale
$2,065Unused loan commitments
$1,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,395Total unused commitments
$0Restructured Loans and leases
$218Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$1,055Total interest income
$420Total interest expense
$635Net interest income
$0Provision for loan and lease losses
$397Total noninterest income
$0Fiduciary activities
$364Service charges on deposit accounts
$0Trading account gains & fees
$33Additional noninterest income
$1,290Total noninterest expense
$659Salaries and employee benefits
$219Premises and equipment expense
$412Additional noninterest expense
-$258Pre-tax net operating income
$0Securities gains (losses)
-$77Applicable income taxes
-$181Income before extraordinary items
$0Extraordinary gains - net
-$181Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$7Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.60%Yield on earning assets
2.63%Cost of funding earning assets
3.97%Net interest margin
2.48%Noninterest income to earning assets
8.07%Noninterest expense to earning assets
-0.89%Net operating income to assets
-0.89%Return on assets (ROA)
-1.27%Pretax return on assets
-6.29%Return on equity (ROE)
-6.29%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
-36.86%Efficiency ratio
125,000Assets per employee
2.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.96%Loss allowance to noncurrent loans
100.91%Noncurrent assets plus other real estate owned to assets
3.34%Noncurrent loans to loans
2.93%Net loans and leases to deposits
85.37%Net loans and leases to core deposits
163.79%Equity capital to assets
13.49%Core capital (leverage) ratio
11.00%Tier 1 risk-based capital ratio
13.61%Total risk-based capital ratio
Memoranda
$15Average assets
$20,344Average earning assets
$2,879Average equity
$15,981Average loans
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