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

  • First Minnesota Bank in Minnetonka, Minnesota (MN)
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First Minnesota Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 82Total employees (full-time equivalent)
  • $385,795Total assets
  • $8,693Cash and due from depository institutions
  • $6,962Interest-bearing balances
  • $244,783Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $88,543Net loans & leases
  • $2,489Loan loss allowance
  • $0Trading account assets
  • $10,044Bank premises and fixed assets
  • $15,968Other real estate owned
  • $202Goodwill and other intangibles
  • $385,795Life insurance assets
  • $17,562All other assets
  • $337,112Total liabilities and capital
  • $259,266Total liabilities
  • $229,679Total deposits
  • $259,266Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $77,000Trading liabilities
  • $0Other borrowed funds
  • $846Subordinated debt
  • $48,683All other liabilities
  • $48,683Total equity capital
  • $48,683Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $29,000Surplus
  • $18,683Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $136Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,793Income earned, not collected on loans
  • $14Earning assets
  • $2,075Long-term assets (5+ years)
  • $340,288Average Assets, year-to-date
  • $254,203Average Assets, quarterly
  • $380,038Volatile liabilities
  • $387,286Insider loans
  • $183,681FHLB advances
  • $390,406Loans and leases held for sale
  • $9,020Unused loan commitments
  • $9,020Tier 1 (core) risk-based capital
  • $45,575Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,935Restructured Loans and leases
  • $90Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,909Total interest income
  • $5,209Total interest expense
  • $8,700Net interest income
  • $1,440Provision for loan and lease losses
  • $2,190Total noninterest income
  • $0Fiduciary activities
  • $842Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,348Additional noninterest income
  • $9,330Total noninterest expense
  • $4,860Salaries and employee benefits
  • $1,584Premises and equipment expense
  • $2,886Additional noninterest expense
  • $120Pre-tax net operating income
  • -$139Securities gains (losses)
  • -$518Applicable income taxes
  • $499Income before extraordinary items
  • $0Extraordinary gains - net
  • $499Net income attributable to bank
  • $0Net charge-offs
  • $499Cash dividends
  • $1,492Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.17%Yield on earning assets
  • 1.56%Cost of funding earning assets
  • 2.61%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 2.80%Noninterest expense to earning assets
  • 0.15%Net operating income to assets
  • 0.13%Return on assets (ROA)
  • -0.00%Pretax return on assets
  • 1.07%Return on equity (ROE)
  • -0.00%Retained earnings to average equity (YTD only)
  • 1.53%Net charge-offs to loans
  • 96.51%Credit loss provision to net charge-offs
  • 1.05%Efficiency ratio
  • 85,583Assets per employee
  • 4.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 100.20%Loss allowance to loans
  • 2.73%Loss allowance to noncurrent loans
  • 89.12%Noncurrent assets plus other real estate owned to assets
  • 4.86%Noncurrent loans to loans
  • 3.07%Net loans and leases to deposits
  • 34.15%Net loans and leases to core deposits
  • 35.99%Equity capital to assets
  • 12.62%Core capital (leverage) ratio
  • 11.67%Tier 1 risk-based capital ratio
  • 24.81%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $380,038Average earning assets
  • $46,826Average equity
  • $333,719Average loans

List of branches

  • 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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