Equity Bank in city_name, state_name - Detailed Financial Reports, Location

Equity Bank in Minnetonka, Minnesota (MN)
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Equity Bank routing number info

Equity Bank - Overview

General
FDIC 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
Location
Address: 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 Changes
Change in Location
Financial Summary
Total 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
8Total employees (full-time equivalent)
$52,602Total assets
$1,224Cash and due from depository institutions
$199Interest-bearing balances
$590Securities
$2,055Federal funds sold & reverse repurchase agreements
$44,267Net loans & leases
$418Loan loss allowance
$0Trading account assets
$902Bank premises and fixed assets
$2,056Other real estate owned
$487Goodwill and other intangibles
$52,602Life insurance assets
$1,021All other assets
$45,228Total liabilities and capital
$45,091Total liabilities
$41,615Total deposits
$45,091Interest-bearing deposits
$88Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$137Subordinated debt
$7,374All other liabilities
$7,374Total equity capital
$7,374Total bank equity capital
$0Perpetual preferred stock
$85Common stock
$7,081Surplus
$208Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$237Long-term assets (5+ years)
$47,111Average Assets, year-to-date
$1,488Average Assets, quarterly
$51,547Volatile liabilities
$51,972Insider loans
$47,648FHLB advances
$51,200Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$6,859Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,074Restructured Loans and leases
$1,697Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$2,894Total interest income
$882Total interest expense
$2,012Net interest income
$0Provision for loan and lease losses
$51Total noninterest income
$0Fiduciary activities
$16Service charges on deposit accounts
$0Trading account gains & fees
$35Additional noninterest income
$1,883Total noninterest expense
$756Salaries and employee benefits
$491Premises and equipment expense
$636Additional noninterest expense
$180Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$180Income before extraordinary items
$0Extraordinary gains - net
$180Net income attributable to bank
$0Net charge-offs
$180Cash dividends
$13Sale, conversion, retirement of capital stock, net
$279Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.16%Yield on earning assets
1.88%Cost of funding earning assets
4.28%Net interest margin
0.11%Noninterest income to earning assets
4.01%Noninterest expense to earning assets
0.35%Net operating income to assets
0.35%Return on assets (ROA)
0.35%Pretax return on assets
2.44%Return on equity (ROE)
-1.34%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
13.85%Efficiency ratio
91,275Assets per employee
6.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
155.00%Loss allowance to loans
0.94%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
3.91%Noncurrent loans to loans
0.00%Net loans and leases to deposits
98.17%Net loans and leases to core deposits
113.63%Equity capital to assets
14.02%Core capital (leverage) ratio
13.40%Tier 1 risk-based capital ratio
14.40%Total risk-based capital ratio
Memoranda
$15Average assets
$51,547Average earning assets
$7,363Average equity
$47,015Average loans

List of branches

2 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	10775	Equity Bank	5900 Green Oak Drive, Minnetonka, MN 55343	March 01, 1937	Full Service Brick and Mortar
2	358451	Claremont Branch	208 Front Street, Claremont, MN 55924	June 30, 2000	Full Service Brick and Mortar

Bill

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Oct 28, 2025 @ 2:14 pm

Info appears to be very dated. According to US Bank Locations:

The following are major historical events for Luminate Bank, including mergers and acquisitions.
1937-03-01 Institution established: Original name:Security State Bank of Claremont
1999-12-01 Changed name to Alliance Bank of Blooming Prairie
1999-12-01 Moved bank headquarters from CLAREMONT, MN to BLOOMING PRAIRIE, MN
2001-09-22 Changed name to Equity Bank
2002-10-21 Moved bank headquarters from BLOOMING PRAIRIE, MN to DODGE CENTER, MN
2008-07-10 Moved bank headquarters from DODGE CENTER, MN to MINNETONKA, MN
2018-09-30 Changed name to American Equity Bank
2022-04-14 Changed name to Luminate Bank.
2024-04-29 Moved bank headquarters from 5900 Green Oak Dr, MINNETONKA, MN to 2523 South Wayzata Boulevard, MINNEAPOLIS, MN.

Equity Bank in Minnetonka, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Equity Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Equity Bank in Minnetonka, Minnesota (MN)Overview, Financial Summary, Detailed Financial Reports, Branches

Equity Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Equity Bank in Minnetonka, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches