First Minnesota Bank in Minnetonka, Minnesota (MN)

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First Minnesota Bank
GeneralFDIC Certificate #: 5151
Status: Active
Federal Reserve ID: 75053
Bank Holding Company (Regulatory Top Holder): Mcleod Bancshares, Inc. (RSSDID: 1127324, Location: Shorewood, MN)
Date Established: October 10, 1881
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 10 (Domestic: 10, Interstate: No)
OTS Docket #: 13744
FDIC's unique #: 3451
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: No
Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: Febuary 29, 2012
Last Structure Change Process Date: Febuary 29, 2012
Last Data Update: Febuary 29, 2012
Data Source Date: April 05, 2012
LocationAddress: 4625 County Highway 101, 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)
Financial SummaryTotal assets: $385.8 mil
Equity capital: $48.7 mil
Deposits held in domestic offices: $259.3 mil
Return on assets (ROA): 0.13% ($0.5 mil)
Quarterly return on assets: -0.08% (-$0.3 mil)
Return on Equity (ROE): 1.07% ($0.5 mil)
Quarterly return on equity: -0.65% (-$0.3 mil)
Net income: $0.5 mil
Quarterly Net income: -$0.1 mil
Pretax return on assets: 0.00% ($0.0 mil)
Quarterly Pretax return on assets: -0.12% (-$463.0 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)
Total employees (full-time equivalent)82
Total assets$385,795
Cash and due from depository institutions$8,693
Interest-bearing balances$6,962
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$88,543
Loan loss allowance $2,489
Trading account assets$0
Bank premises and fixed assets$10,044
Other real estate owned$15,968
Goodwill and other intangibles$202
All other assets$17,562
Life insurance assets$385,795
Total liabilities and capital$337,112
Total liabilities$259,266
Total deposits$229,679
Interest-bearing deposits$259,266
Deposits held in domestic offices$85
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$77,000
Other borrowed funds $0
Subordinated debt $846
All other liabilities $48,683
Total equity capital$48,683
Total bank equity capital$48,683
Perpetual preferred stock$0
Common stock$1,000
Undivided profits $18,683
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $136
Income earned, not collected on loans $2,793
Earning assets $14
Long-term assets (5+ years) $2,075
Average Assets, year-to-date $340,288
Average Assets, quarterly $254,203
Volatile liabilities $380,038
Insider loans $387,286
FHLB advances $183,681
Loans and leases held for sale $390,406
Unused loan commitments $9,020
Tier 1 (core) risk-based capital $9,020
Tier 2 risk-based capital $45,575
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $14,935
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,909
Total interest expense $5,209
Net interest income $8,700
Provision for loan and lease losses $1,440
Total noninterest income $2,190
Fiduciary activities $0
Service charges on deposit accounts $842
Trading account gains & fees $0
Additional noninterest income $1,348
Total noninterest expense $9,330
Salaries and employee benefits $4,860
Premises and equipment expense $1,584
Additional noninterest expense $2,886
Pre-tax net operating income $120
Securities gains (losses) -$139
Applicable income taxes -$518
Income before extraordinary items $499
Extraordinary gains - net $0
Net income attributable to bank $499
Net charge-offs $0
Cash dividends $499
Sale, conversion, retirement of capital stock, net $1,492
Net operating income $500
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.17%
Cost of funding earning assets 1.56%
Net interest margin 2.61%
Noninterest income to earning assets 0.66%
Noninterest expense to earning assets 2.80%
Net operating income to assets 0.15%
Return on assets (ROA) 0.13%
Pretax return on assets -0.00%
Return on equity (ROE) 1.07%
Retained earnings to average equity (YTD only) -0.00%
Net charge-offs to loans 1.53%
Credit loss provision to net charge-offs 96.51%
Efficiency ratio1.05%
Assets per employee$85,583
Cash dividends to net income (YTD only)4.70%
Condition Ratios (%)
Loss allowance to loans 100.20%
Loss allowance to noncurrent loans 2.73%
Noncurrent assets plus other real estate owned to assets 89.12%
Noncurrent loans to loans 4.86%
Net loans and leases to deposits3.07%
Net loans and leases to core deposits 34.15%
Equity capital to assets 35.99%
Core capital (leverage) ratio 12.62%
Tier 1 risk-based capital ratio 11.67%
Total risk-based capital ratio 24.81%
Average assets$26
Average earning assets$380,038
Average equity $46,826
Average loans $333,719
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10 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03451First Minnesota Bank4625 County Highway 101, Minnetonka, MN 55343October 10, 1881Full Service Brick and Mortar
26528308 Main Street South308 Main Street South, Hutchinson, MN 55350January 30, 1900Full Service Brick and Mortar
3221992Loan Production Office44 West 1st Street, Waconia, MN 55387November 03, 1992Limited Service Loan Production
4207261Mayer Branch101 Ash Avenue North, Mayer, MN 55360December 07, 1995Full Service Brick and Mortar
5207262Monticello Branch106 East 4th Street, Monticello, MN 55362December 21, 1998Full Service Brick and Mortar
6360008Glencoe Branch606 East Eleventh Street, Glencoe, MN 55336October 01, 2000Full Service Brick and Mortar
7362160Buffalo Branch555 Hwy 55 East, Buffalo, MN 55313May 21, 2001Full Service Brick and Mortar
8364366Champlin Branch11431 Jefferson Court North, Champlin, MN 55316July 29, 2002Full Service Brick and Mortar
9448890Edina Branch4018 West 65th Street, Edina, MN 55435September 06, 2005Full Service Brick and Mortar
10366082Mound Branch5211 Shoreline Drive, Mound, MN 55364January 13, 2003Full Service Brick and Mortar
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