FDIC Certificate #: 17928 Status: Inactive Closing history: Consolidated - Without Assistance Acquiring institution:Wells Fargo Bank Minnesota, National Association (#5208) Federal Reserve ID: 180751 Date Established: November 17, 1958 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 11864 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: November 17, 1958 Last Structure Change Effective Date: September 11, 1999 Last Structure Change Process Date: September 27, 1999 Last Data Update: September 27, 1999 Data Source Date: April 05, 2012
Location
Address: 670 Mcknight Road, Maplewood, MN 55119 County: Ramsey Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: San Francisco 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: $454.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
132Total employees (full-time equivalent)
$458,229Total assets
$13,535Cash and due from depository institutions
$1,980Interest-bearing balances
$107,347Securities
$27,500Federal funds sold & reverse repurchase agreements
$301,191Net loans & leases
$4,540Loan loss allowance
$0Trading account assets
$3,392Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$5,264All other assets
$458,229Total liabilities and capital
$420,921Total liabilities
$409,512Total deposits
$360,272Interest-bearing deposits
$409,512Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,608Other borrowed funds
$0Subordinated debt
$9,801All other liabilities
$37,308Total equity capital
$37,308Total bank equity capital
$37,308Perpetual preferred stock
$0Common stock
$1,200Surplus
$18,800Undivided profits
Memoranda
$17,308Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,031Earning assets
$35Long-term assets (5+ years)
$1,865Average Assets, year-to-date
$438,018Average Assets, quarterly
$144,014Volatile liabilities
$438,993Insider loans
$449,193FHLB advances
$23,189Loans and leases held for sale
$6,389Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,068Total risk weighted assets
$88,511Total unused commitments
$0Restructured Loans and leases
$322,486Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$33,348Total interest income
$12,549Total interest expense
$20,799Net interest income
$645Provision for loan and lease losses
$3,927Total noninterest income
$2Fiduciary activities
$1,225Service charges on deposit accounts
$0Trading account gains & fees
$2,700Additional noninterest income
$10,589Total noninterest expense
$6,293Salaries and employee benefits
$1,089Premises and equipment expense
$3,207Additional noninterest expense
$13,492Pre-tax net operating income
$0Securities gains (losses)
$4,990Applicable income taxes
$8,502Income before extraordinary items
$0Extraordinary gains - net
$8,502Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$475Sale, conversion, retirement of capital stock, net
$9,000Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.97%Yield on earning assets
3.00%Cost of funding earning assets
4.97%Net interest margin
0.94%Noninterest income to earning assets
2.53%Noninterest expense to earning assets
1.94%Net operating income to assets
1.94%Return on assets (ROA)
3.07%Pretax return on assets
24.60%Return on equity (ROE)
-1.44%Retained earnings to average equity (YTD only)
0.16%Net charge-offs to loans
135.79%Credit loss provision to net charge-offs
29.76%Efficiency ratio
42,825Assets per employee
3.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
105.86%Loss allowance to loans
1.48%Loss allowance to noncurrent loans
440.35%Noncurrent assets plus other real estate owned to assets
In checking the title for our old pondtoon, Eastern Hgts State Bank,2100 Wilson St. Paul, was listed as lienholder. We never had any dealings with this bank. We need this taken off of the title.
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