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

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

  • General
  • FDIC Certificate #: 19188
    Status: Active
    Federal Reserve ID: 691556
    Bank Holding Company (Regulatory Top Holder): First Minnetonka Bancorporation, Inc. (RSSDID: 1125450, Location: Minnetonka, MN)
    Date Established: July 27, 1964
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 3, Interstate: No)
    OTS Docket #: 12432
    FDIC's unique #: 13008
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: July 27, 1964
    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: 14550 Excelsior Boulevard, Minnetonka, MN 55345
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $190.4 mil
    Equity capital: $19.9 mil
    Deposits held in domestic offices: $166.7 mil
    Return on assets (ROA): 1.22% ($2.3 mil)
    Quarterly return on assets: 1.44% ($2.7 mil)
    Return on Equity (ROE): 12.35% ($2.5 mil)
    Quarterly return on equity: 13.87% ($2.8 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.22% ($2,322.5 mil)
    Quarterly Pretax return on assets: 1.44% ($2,741.3 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
  • 39Total employees (full-time equivalent)
  • $190,368Total assets
  • $12,857Cash and due from depository institutions
  • $7,548Interest-bearing balances
  • $60,234Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $107,544Net loans & leases
  • $1,370Loan loss allowance
  • $0Trading account assets
  • $3,343Bank premises and fixed assets
  • $444Other real estate owned
  • $0Goodwill and other intangibles
  • $190,367Life insurance assets
  • $5,946All other assets
  • $170,479Total liabilities and capital
  • $166,700Total liabilities
  • $134,884Total deposits
  • $166,700Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 3400.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $379Subordinated debt
  • $19,888All other liabilities
  • $19,888Total equity capital
  • $19,888Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $10,350Surplus
  • $9,388Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,258Income earned, not collected on loans
  • $0Earning assets
  • $703Long-term assets (5+ years)
  • $175,326Average Assets, year-to-date
  • $66,056Average Assets, quarterly
  • $182,149Volatile liabilities
  • $188,176Insider loans
  • $123,533FHLB advances
  • $186,451Loans and leases held for sale
  • $4,396Unused loan commitments
  • $4,396Tier 1 (core) risk-based capital
  • $17,783Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $33,158Restructured Loans and leases
  • $484Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,307Total interest income
  • $1,260Total interest expense
  • $6,047Net interest income
  • $545Provision for loan and lease losses
  • $1,396Total noninterest income
  • $0Fiduciary activities
  • $550Service charges on deposit accounts
  • $0Trading account gains & fees
  • $846Additional noninterest income
  • $4,673Total noninterest expense
  • $3,135Salaries and employee benefits
  • $545Premises and equipment expense
  • $993Additional noninterest expense
  • $2,225Pre-tax net operating income
  • $0Securities gains (losses)
  • $9Applicable income taxes
  • $2,216Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,216Net income attributable to bank
  • $0Net charge-offs
  • $2,216Cash dividends
  • $931Sale, conversion, retirement of capital stock, net
  • $1,331Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.36%Yield on earning assets
  • 0.75%Cost of funding earning assets
  • 3.60%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 2.79%Noninterest expense to earning assets
  • 1.22%Net operating income to assets
  • 1.22%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 12.35%Return on equity (ROE)
  • 4.93%Retained earnings to average equity (YTD only)
  • 0.85%Net charge-offs to loans
  • 58.54%Credit loss provision to net charge-offs
  • 2.98%Efficiency ratio
  • 62,784Assets per employee
  • 4.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.06%Loss allowance to loans
  • 1.26%Loss allowance to noncurrent loans
  • 60.67%Noncurrent assets plus other real estate owned to assets
  • 1.42%Noncurrent loans to loans
  • 2.07%Net loans and leases to deposits
  • 64.51%Net loans and leases to core deposits
  • 67.64%Equity capital to assets
  • 10.45%Core capital (leverage) ratio
  • 9.54%Tier 1 risk-based capital ratio
  • 14.40%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $182,149Average earning assets
  • $17,940Average equity
  • $167,747Average loans

List of branches

  • 4 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013008First Minnetonka City Bank14550 Excelsior Boulevard, Minnetonka, MN 55345July 27, 1964Full Service Brick and Mortar
    1247544Country Village Branch11500 Highway Seven, Minnetonka, MN 55343August 24, 1981Full Service Brick and Mortar
    2438802Beacon Hill Branch5330 Beacon Hill Road, Minnetonka, MN 55345January 04, 2005Limited Service Retail
    3529738The Glen5300 Woodhill Road, Minnetonka, MN 55345January 02, 2012

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