Firstar Bank of Minnesota, National Association in St. Paul, Minnesota (MN)



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Firstar Bank of Minnesota, National Association
GeneralFDIC Certificate #: 21076
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: U.S. Bank National Association (#6548)
Federal Reserve ID: 178954
Date Established: May 07, 1973
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 32 (Interstate: No)
OTS Docket #: 12169
FDIC's unique #: 14565
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: May 07, 1973
Last Structure Change Effective Date: August 14, 1999
Last Structure Change Process Date: October 01, 1999
Last Data Update: October 01, 1999
Data Source Date: April 05, 2012
LocationAddress: 101 East Fifth Street, St. Paul, MN 55101
County: Ramsey
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Chicago
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: $2,506.3 mil

1992 - 1999 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, 1998)
(Dollar figures in thousands)
Total employees (full-time equivalent)497
Total assets$2,592,894
Cash and due from depository institutions$97,698
Interest-bearing balances$1,055
Securities$396,617
Federal funds sold & reverse repurchase agreements$532,733
Net loans & leases$1,379,778
Loan loss allowance $30,233
Trading account assets$0
Bank premises and fixed assets$32,217
Other real estate owned$1,458
Goodwill and other intangibles$104,559
All other assets$47,834
Life insurance assets$0
Total liabilities and capital$2,592,894
Total liabilities$2,329,428
Total deposits$2,023,758
Interest-bearing deposits$1,874,443
Deposits held in domestic offices$2,023,758
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $27,351
Trading liabilities$0
Other borrowed funds $235,419
Subordinated debt $10,000
All other liabilities $32,900
Total equity capital$263,466
Total bank equity capital$263,466
Perpetual preferred stock$263,466
Common stock$0
Surplus$35,730
Undivided profits $220,556
Memoranda
Noncurrent loans and leases $7,180
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $8,842
Long-term assets (5+ years) $1,737
Average Assets, year-to-date $7,643
Average Assets, quarterly $2,310,183
Volatile liabilities $348,922
Insider loans $2,706,349
FHLB advances $2,620,383
Loans and leases held for sale $282,856
Unused loan commitments $10,986
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $620,931
Restructured Loans and leases $0
Derivatives$1,733,602
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Income and Expense (December 31, 1998)
(Dollar figures in thousands)
Total interest income $180,990
Total interest expense $92,799
Net interest income $88,191
Provision for loan and lease losses $200
Total noninterest income $25,850
Fiduciary activities $5,912
Service charges on deposit accounts $13,017
Trading account gains & fees $0
Additional noninterest income $6,921
Total noninterest expense $87,384
Salaries and employee benefits $24,693
Premises and equipment expense $11,870
Additional noninterest expense $50,821
Pre-tax net operating income $26,457
Securities gains (losses) -$10
Applicable income taxes $6,927
Income before extraordinary items $19,520
Extraordinary gains - net $0
Net income attributable to bank $19,520
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $2,294
Net operating income $92,000
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Performance and Condition Ratios (December 31, 1998)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.50%
Cost of funding earning assets 3.85%
Net interest margin 3.66%
Noninterest income to earning assets 1.07%
Noninterest expense to earning assets 3.62%
Net operating income to assets 0.72%
Return on assets (ROA) 0.72%
Pretax return on assets 0.98%
Return on equity (ROE) 6.21%
Retained earnings to average equity (YTD only) -23.06%
Net charge-offs to loans 0.14%
Credit loss provision to net charge-offs 8.72%
Efficiency ratio11.62%
Assets per employee$70,503
Cash dividends to net income (YTD only)5.22%
Condition Ratios (%)
Loss allowance to loans 471.31%
Loss allowance to noncurrent loans 2.14%
Noncurrent assets plus other real estate owned to assets 341.92%
Noncurrent loans to loans 0.40%
Net loans and leases to deposits0.63%
Net loans and leases to core deposits 68.18%
Equity capital to assets 71.93%
Core capital (leverage) ratio 10.16%
Tier 1 risk-based capital ratio 6.09%
Total risk-based capital ratio 8.75%
Memoranda
Average assets$11
Average earning assets$2,706,349
Average equity $314,344
Average loans $2,412,022
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