First Commercial Bank in Bloomington, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Commercial Bank in Bloomington, Minnesota (MN)
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First Commercial Bank - Overview

  • General
  • FDIC Certificate #: 35246
    Status: Active
    Federal Reserve ID: 2802945
    Bank Holding Company (Regulatory Top Holder): Commercial Bancshares, Inc. (RSSDID: 2802927, Location: Bloomington, MN)
    Date Established: July 15, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 76803
    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: July 15, 1999
    Last Structure Change Effective Date: January 24, 2007
    Last Structure Change Process Date: April 12, 2007
    Last Data Update: April 12, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 8500 Normandale Lake Boulevard, Suite 110, Bloomington, MN 55437
    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 Primary Regulatory Agency
    Change in Supervisory Agency
    Institution Withdraws from FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $227.2 mil
    Equity capital: $6.8 mil
    Deposits held in domestic offices: $215.8 mil
    Return on assets (ROA): -3.88% (-$8.8 mil)
    Quarterly return on assets: -1.52% (-$3.5 mil)
    Return on Equity (ROE): -95.49% (-$6.7 mil)
    Quarterly return on equity: -48.90% (-$3.4 mil)
    Net income: -$9.8 mil
    Quarterly Net income: -$0.9 mil
    Pretax return on assets: -3.88% (-$8,815.1 mil)
    Quarterly Pretax return on assets: -1.51% (-$3,430.6 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
  • 22Total employees (full-time equivalent)
  • $227,194Total assets
  • $7,159Cash and due from depository institutions
  • $7,012Interest-bearing balances
  • $14,369Securities
  • $2,079Federal funds sold & reverse repurchase agreements
  • $179,551Net loans & leases
  • $7,740Loan loss allowance
  • $0Trading account assets
  • $267Bank premises and fixed assets
  • $21,152Other real estate owned
  • $0Goodwill and other intangibles
  • $227,194Life insurance assets
  • $2,617All other assets
  • $220,434Total liabilities and capital
  • $215,759Total liabilities
  • $209,116Total deposits
  • $215,759Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,800Trading liabilities
  • $0Other borrowed funds
  • $875Subordinated debt
  • $6,760All other liabilities
  • $6,760Total equity capital
  • $6,760Total bank equity capital
  • $0Perpetual preferred stock
  • $314Common stock
  • $34,586Surplus
  • $-28,140Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $23,270Income earned, not collected on loans
  • $0Earning assets
  • $992Long-term assets (5+ years)
  • $203,011Average Assets, year-to-date
  • $16,768Average Assets, quarterly
  • $252,210Volatile liabilities
  • $232,917Insider loans
  • $178,032FHLB advances
  • $233,467Loans and leases held for sale
  • $680Unused loan commitments
  • $680Tier 1 (core) risk-based capital
  • $6,690Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,452Restructured Loans and leases
  • $2,645Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,752Total interest income
  • $5,009Total interest expense
  • $6,743Net interest income
  • $9,980Provision for loan and lease losses
  • -$1,070Total noninterest income
  • $0Fiduciary activities
  • $132Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,202Additional noninterest income
  • $5,772Total noninterest expense
  • $1,777Salaries and employee benefits
  • $541Premises and equipment expense
  • $3,454Additional noninterest expense
  • -$10,079Pre-tax net operating income
  • $305Securities gains (losses)
  • $5Applicable income taxes
  • -$9,779Income before extraordinary items
  • $0Extraordinary gains - net
  • -$9,779Net income attributable to bank
  • $0Net charge-offs
  • -$9,779Cash dividends
  • $8,618Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.21%Yield on earning assets
  • 2.22%Cost of funding earning assets
  • 2.99%Net interest margin
  • -0.47%Noninterest income to earning assets
  • 2.56%Noninterest expense to earning assets
  • -4.00%Net operating income to assets
  • -3.88%Return on assets (ROA)
  • -3.88%Pretax return on assets
  • -95.49%Return on equity (ROE)
  • -95.49%Retained earnings to average equity (YTD only)
  • 4.20%Net charge-offs to loans
  • 115.80%Credit loss provision to net charge-offs
  • -0.01%Efficiency ratio
  • 101,745Assets per employee
  • 10.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.13%Loss allowance to noncurrent loans
  • 33.26%Noncurrent assets plus other real estate owned to assets
  • 19.55%Noncurrent loans to loans
  • 12.42%Net loans and leases to deposits
  • 83.22%Net loans and leases to core deposits
  • 84.37%Equity capital to assets
  • 2.98%Core capital (leverage) ratio
  • 2.87%Tier 1 risk-based capital ratio
  • 3.76%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $252,210Average earning assets
  • $10,241Average equity
  • $225,637Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    076803First Commercial Bank8500 Normandale Lake Boulevard, Suite 110, Bloomington, MN 55437July 15, 1999Full Service Brick and Mortar

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