Fidelity Bank in Edina, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Fidelity Bank in Edina, Minnesota (MN)
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Fidelity Bank - Overview

  • 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
    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)

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
  • 46Total employees (full-time equivalent)
  • $430,149Total assets
  • $11,588Cash and due from depository institutions
  • $334Interest-bearing balances
  • $58,199Securities
  • $84Federal funds sold & reverse repurchase agreements
  • $325,356Net loans & leases
  • $5,585Loan loss allowance
  • $0Trading account assets
  • $700Bank premises and fixed assets
  • $0Other real estate owned
  • $28,084Goodwill and other intangibles
  • $430,149Life insurance assets
  • $6,138All other assets
  • $359,296Total liabilities and capital
  • $271,025Total liabilities
  • $176,442Total deposits
  • $271,025Interest-bearing deposits
  • $62Deposits held in domestic offices
  • 5566.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $80,800Trading liabilities
  • $0Other borrowed funds
  • $1,905Subordinated debt
  • $70,853All other liabilities
  • $70,853Total equity capital
  • $70,853Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $54,660Surplus
  • $15,693Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $161,091Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,323Income earned, not collected on loans
  • $0Earning assets
  • $1,155Long-term assets (5+ years)
  • $383,973Average Assets, year-to-date
  • $4,169Average Assets, quarterly
  • $368,004Volatile liabilities
  • $409,872Insider loans
  • $262,706FHLB advances
  • $369,070Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $42,438Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $148,015Restructured Loans and leases
  • $18Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,078Total interest income
  • $1,115Total interest expense
  • $11,963Net interest income
  • $0Provision for loan and lease losses
  • $1,507Total noninterest income
  • $0Fiduciary activities
  • $507Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,000Additional noninterest income
  • $7,209Total noninterest expense
  • $4,118Salaries and employee benefits
  • $942Premises and equipment expense
  • $2,149Additional noninterest expense
  • $6,261Pre-tax net operating income
  • $197Securities gains (losses)
  • $0Applicable income taxes
  • $6,458Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,458Net income attributable to bank
  • $0Net charge-offs
  • $6,458Cash dividends
  • $391Sale, conversion, retirement of capital stock, net
  • $2,690Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.00%Yield on earning assets
  • 0.34%Cost of funding earning assets
  • 3.66%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 2.21%Noninterest expense to earning assets
  • 1.70%Net operating income to assets
  • 1.75%Return on assets (ROA)
  • 1.75%Pretax return on assets
  • 9.41%Return on equity (ROE)
  • 5.49%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 16.01%Efficiency ratio
  • 49,666Assets per employee
  • 9.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.65%Loss allowance to loans
  • 1.69%Loss allowance to noncurrent loans
  • 240.42%Noncurrent assets plus other real estate owned to assets
  • 0.54%Noncurrent loans to loans
  • 0.70%Net loans and leases to deposits
  • 120.05%Net loans and leases to core deposits
  • 120.56%Equity capital to assets
  • 16.47%Core capital (leverage) ratio
  • 11.50%Tier 1 risk-based capital ratio
  • 16.15%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $368,004Average earning assets
  • $68,649Average equity
  • $326,861Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013944Fidelity Bank7600 Parklawn Avenue, Edina, MN 55435October 08, 1970Full Service Brick and Mortar
    4250618Eden Prairie Branch6385 Old Shady Oak Road, Suite 110, Eden Prairie, MN 55344November 15, 1999Full Service Brick and Mortar

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