Fidelity Bank in Edina, Minnesota (MN)
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| Fidelity Bank | |
|---|---|
| General | FDIC Certificate #: 20268 Status: Active Federal Reserve ID: 9357 Bank Holding Company (Regulatory Top Holder): Fidelity Holding Company (RSSDID: 3362923, Location: Minnetonka, MN) Date Established: October 08, 1970 WWW: http://www.fidelitybankmn.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) OTS Docket #: 14336 FDIC's unique #: 13944 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 08, 1970 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 7600 Parklawn Avenue, Edina, MN 55435 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 Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $430.1 mil Equity capital: $70.9 mil Deposits held in domestic offices: $271.0 mil Return on assets (ROA): 1.75% ($7.5 mil) Quarterly return on assets: 2.36% ($10.1 mil) Return on Equity (ROE): 9.41% ($6.7 mil) Quarterly return on equity: 13.76% ($9.8 mil) Net income: $6.5 mil Quarterly Net income: $2.4 mil Pretax return on assets: 1.75% ($7,527.6 mil) Quarterly Pretax return on assets: 2.36% ($10,151.5 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 46 |
| Total assets | $430,149 |
| Cash and due from depository institutions | $11,588 |
| Interest-bearing balances | $334 |
| Securities | $58,199 |
| Federal funds sold & reverse repurchase agreements | $84 |
| Net loans & leases | $325,356 |
| Loan loss allowance | $5,585 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $700 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $28,084 |
| All other assets | $6,138 |
| Life insurance assets | $430,149 |
| Total liabilities and capital | $359,296 |
| Total liabilities | $271,025 |
| Total deposits | $176,442 |
| Interest-bearing deposits | $271,025 |
| Deposits held in domestic offices | $62 |
| % insured (estimated) | 5566.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $80,800 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,905 |
| All other liabilities | $70,853 |
| Total equity capital | $70,853 |
| Total bank equity capital | $70,853 |
| Perpetual preferred stock | $0 |
| Common stock | $500 |
| Surplus | $54,660 |
| Undivided profits | $15,693 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $161,091 |
| Income earned, not collected on loans | $2,323 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,155 |
| Average Assets, year-to-date | $383,973 |
| Average Assets, quarterly | $4,169 |
| Volatile liabilities | $368,004 |
| Insider loans | $409,872 |
| FHLB advances | $262,706 |
| Loans and leases held for sale | $369,070 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $42,438 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $148,015 |
| Derivatives | $18 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $13,078 |
| Total interest expense | $1,115 |
| Net interest income | $11,963 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $1,507 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $507 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,000 |
| Total noninterest expense | $7,209 |
| Salaries and employee benefits | $4,118 |
| Premises and equipment expense | $942 |
| Additional noninterest expense | $2,149 |
| Pre-tax net operating income | $6,261 |
| Securities gains (losses) | $197 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $6,458 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $6,458 |
| Net charge-offs | $0 |
| Cash dividends | $6,458 |
| Sale, conversion, retirement of capital stock, net | $391 |
| Net operating income | $2,690 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.00% |
| Cost of funding earning assets | 0.34% |
| Net interest margin | 3.66% |
| Noninterest income to earning assets | 0.46% |
| Noninterest expense to earning assets | 2.21% |
| Net operating income to assets | 1.70% |
| Return on assets (ROA) | 1.75% |
| Pretax return on assets | 1.75% |
| Return on equity (ROE) | 9.41% |
| Retained earnings to average equity (YTD only) | 5.49% |
| Net charge-offs to loans | 0.15% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 16.01% |
| Assets per employee | $49,666 |
| Cash dividends to net income (YTD only) | 9.35% |
| Condition Ratios (%) | |
| Loss allowance to loans | 41.65% |
| Loss allowance to noncurrent loans | 1.69% |
| Noncurrent assets plus other real estate owned to assets | 240.42% |
| Noncurrent loans to loans | 0.54% |
| Net loans and leases to deposits | 0.70% |
| Net loans and leases to core deposits | 120.05% |
| Equity capital to assets | 120.56% |
| Core capital (leverage) ratio | 16.47% |
| Tier 1 risk-based capital ratio | 11.50% |
| Total risk-based capital ratio | 16.15% |
| Memoranda | |
| Average assets | $17 |
| Average earning assets | $368,004 |
| Average equity | $68,649 |
| Average loans | $326,861 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 13944 | Fidelity Bank | 7600 Parklawn Avenue, Edina, MN 55435 | October 08, 1970 | Full Service Brick and Mortar |  |
| 4 | 250618 | Eden Prairie Branch | 6385 Old Shady Oak Road, Suite 110, Eden Prairie, MN 55344 | November 15, 1999 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.