First Western Bank & Trust in Eden Prairie, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 06, 2011

  • First Western Bank & Trust in Eden Prairie, Minnesota (MN)
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First Western Bank & Trust - Overview

  • General
  • FDIC Certificate #: 58254
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Western Bank & Trust (#19123)
    Federal Reserve ID: 3417319
    Date Established: April 19, 2006
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 444614
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 19, 2006
    Last Structure Change Effective Date: August 06, 2011
    Last Structure Change Process Date: August 18, 2011
    Last Data Update: August 18, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 Prairie Center Drive, Eden Prairie, MN 55344
    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: $43.1 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, 2010)

  • Dollar figures in thousands
  • 7Total employees (full-time equivalent)
  • $45,778Total assets
  • $1,990Cash and due from depository institutions
  • $61Interest-bearing balances
  • $736Securities
  • $8,490Federal funds sold & reverse repurchase agreements
  • $32,175Net loans & leases
  • $575Loan loss allowance
  • $0Trading account assets
  • $127Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $669Life insurance assets
  • $2,260All other assets
  • $45,778Total liabilities and capital
  • $36,181Total liabilities
  • $34,157Total deposits
  • $33,380Interest-bearing deposits
  • $34,157Deposits held in domestic offices
  • 89.61%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,800Other borrowed funds
  • $0Subordinated debt
  • $224All other liabilities
  • $9,597Total equity capital
  • $9,597Total bank equity capital
  • $9,597Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $10,900Undivided profits
  • Memoranda
  • $-1,403Noncurrent loans and leases
  • $4,702Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,894Earning assets
  • $0Long-term assets (5+ years)
  • $104Average Assets, year-to-date
  • $41,462Average Assets, quarterly
  • $8,146Volatile liabilities
  • $44,135Insider loans
  • $46,676FHLB advances
  • $13,576Loans and leases held for sale
  • $1Unused loan commitments
  • $1,800Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,702Total unused commitments
  • $890Restructured Loans and leases
  • $468Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $2,097Total interest income
  • $669Total interest expense
  • $1,428Net interest income
  • $1,016Provision for loan and lease losses
  • $33Total noninterest income
  • $0Fiduciary activities
  • $3Service charges on deposit accounts
  • $0Trading account gains & fees
  • $30Additional noninterest income
  • $1,264Total noninterest expense
  • $693Salaries and employee benefits
  • $240Premises and equipment expense
  • $331Additional noninterest expense
  • -$819Pre-tax net operating income
  • $0Securities gains (losses)
  • -$316Applicable income taxes
  • -$503Income before extraordinary items
  • $0Extraordinary gains - net
  • -$503Net income attributable to bank
  • $0Net charge-offs
  • -$503Cash dividends
  • $2,089Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.26%Yield on earning assets
  • 1.68%Cost of funding earning assets
  • 3.58%Net interest margin
  • 0.08%Noninterest income to earning assets
  • 3.17%Noninterest expense to earning assets
  • -1.14%Net operating income to assets
  • -1.14%Return on assets (ROA)
  • -1.86%Pretax return on assets
  • -5.07%Return on equity (ROE)
  • -5.07%Retained earnings to average equity (YTD only)
  • 5.89%Net charge-offs to loans
  • 48.64%Credit loss provision to net charge-offs
  • 0.09%Efficiency ratio
  • 86,516Assets per employee
  • 6.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.76%Loss allowance to noncurrent loans
  • 30.36%Noncurrent assets plus other real estate owned to assets
  • 4.14%Noncurrent loans to loans
  • 5.78%Net loans and leases to deposits
  • 94.20%Net loans and leases to core deposits
  • 150.48%Equity capital to assets
  • 20.96%Core capital (leverage) ratio
  • 20.56%Tier 1 risk-based capital ratio
  • 25.72%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $44,135Average earning assets
  • $9,924Average equity
  • $39,887Average loans

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