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


  • Equity Bank in Minnetonka, Minnesota (MN)
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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
  • 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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