Equity Bank in Minnetonka, Minnesota (MN)



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Equity Bank
GeneralFDIC Certificate #: 16635
Status: Active
Federal Reserve ID: 310754
Bank Holding Company (Regulatory Top Holder): Equity Bank Holding Company, Inc. (RSSDID: 2967358, Location: Minnetonka, MN)
Date Established: March 01, 1937
WWW: http://www.equitybankmn.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 #: 10775
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: October 20, 1947
Last Structure Change Effective Date: July 10, 2008
Last Structure Change Process Date: December 19, 2008
Last Data Update: December 19, 2008
Data Source Date: April 05, 2012
LocationAddress: 5900 Green Oak Drive, Minnetonka, MN 55343
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 ChangesChange in Location
Financial SummaryTotal assets: $52.6 mil
Equity capital: $7.4 mil
Deposits held in domestic offices: $45.1 mil
Return on assets (ROA): 0.35% ($0.2 mil)
Quarterly return on assets: 2.06% ($1.1 mil)
Return on Equity (ROE): 2.44% ($0.2 mil)
Quarterly return on equity: 14.62% ($1.0 mil)
Net income: $0.2 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.35% ($184.1 mil)
Quarterly Pretax return on assets: 2.06% ($1,083.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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)8
Total assets$52,602
Cash and due from depository institutions$1,224
Interest-bearing balances$199
Securities$590
Federal funds sold & reverse repurchase agreements$2,055
Net loans & leases$44,267
Loan loss allowance $418
Trading account assets$0
Bank premises and fixed assets$902
Other real estate owned$2,056
Goodwill and other intangibles$487
All other assets$1,021
Life insurance assets$52,602
Total liabilities and capital$45,228
Total liabilities$45,091
Total deposits$41,615
Interest-bearing deposits$45,091
Deposits held in domestic offices$88
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $137
All other liabilities $7,374
Total equity capital$7,374
Total bank equity capital$7,374
Perpetual preferred stock$0
Common stock$85
Surplus$7,081
Undivided profits $208
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 $0
Earning assets $0
Long-term assets (5+ years) $237
Average Assets, year-to-date $47,111
Average Assets, quarterly $1,488
Volatile liabilities $51,547
Insider loans $51,972
FHLB advances $47,648
Loans and leases held for sale $51,200
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $6,859
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,074
Derivatives$1,697
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,894
Total interest expense $882
Net interest income $2,012
Provision for loan and lease losses $0
Total noninterest income $51
Fiduciary activities $0
Service charges on deposit accounts $16
Trading account gains & fees $0
Additional noninterest income $35
Total noninterest expense $1,883
Salaries and employee benefits $756
Premises and equipment expense $491
Additional noninterest expense $636
Pre-tax net operating income $180
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $180
Extraordinary gains - net $0
Net income attributable to bank $180
Net charge-offs $0
Cash dividends $180
Sale, conversion, retirement of capital stock, net $13
Net operating income $279
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.16%
Cost of funding earning assets 1.88%
Net interest margin 4.28%
Noninterest income to earning assets 0.11%
Noninterest expense to earning assets 4.01%
Net operating income to assets 0.35%
Return on assets (ROA) 0.35%
Pretax return on assets 0.35%
Return on equity (ROE) 2.44%
Retained earnings to average equity (YTD only) -1.34%
Net charge-offs to loans 0.03%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio13.85%
Assets per employee$91,275
Cash dividends to net income (YTD only)6.58%
Condition Ratios (%)
Loss allowance to loans 155.00%
Loss allowance to noncurrent loans 0.94%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 3.91%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 98.17%
Equity capital to assets 113.63%
Core capital (leverage) ratio 14.02%
Tier 1 risk-based capital ratio 13.40%
Total risk-based capital ratio 14.40%
Memoranda
Average assets$15
Average earning assets$51,547
Average equity $7,363
Average loans $47,015
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2 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010775Equity Bank5900 Green Oak Drive, Minnetonka, MN 55343March 01, 1937Full Service Brick and Mortar
2358451Claremont Branch208 Front Street, Claremont, MN 55924June 30, 2000Full Service Brick and Mortar
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