Flagship Bank Minnesota in Wayzata, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Flagship Bank Minnesota in Wayzata, Minnesota (MN)
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Flagship Bank Minnesota - Overview

  • General
  • FDIC Certificate #: 8188
    Status: Active
    Federal Reserve ID: 83151
    Bank Holding Company (Regulatory Top Holder): Flagship Financial Group, Inc. (RSSDID: 1128675, Location: Eden Prairie, MN)
    Date Established: January 01, 1875
    WWW: http://www.flagshipbanks.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 5214
    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: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 16, 2006
    Last Structure Change Process Date: November 30, 2006
    Last Data Update: November 30, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 445 East Lake Street, Wayzata, MN 55391
    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
  • Office Sold
    Name Change
  • Financial Summary
  • Total assets: $108.9 mil
    Equity capital: $8.1 mil
    Deposits held in domestic offices: $93.1 mil
    Return on assets (ROA): -1.06% (-$1.2 mil)
    Quarterly return on assets: -2.57% (-$2.8 mil)
    Return on Equity (ROE): -14.21% (-$1.1 mil)
    Quarterly return on equity: -34.86% (-$2.8 mil)
    Net income: -$1.3 mil
    Quarterly Net income: -$0.7 mil
    Pretax return on assets: -1.81% (-$1,971.3 mil)
    Quarterly Pretax return on assets: -3.97% (-$4,323.7 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
  • 19Total employees (full-time equivalent)
  • $108,910Total assets
  • $9,622Cash and due from depository institutions
  • $8,477Interest-bearing balances
  • $12,968Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $73,917Net loans & leases
  • $1,680Loan loss allowance
  • $0Trading account assets
  • $1,805Bank premises and fixed assets
  • $2,830Other real estate owned
  • $0Goodwill and other intangibles
  • $108,910Life insurance assets
  • $7,768All other assets
  • $100,795Total liabilities and capital
  • $93,116Total liabilities
  • $77,946Total deposits
  • $93,116Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,200Trading liabilities
  • $0Other borrowed funds
  • $1,479Subordinated debt
  • $8,115All other liabilities
  • $8,115Total equity capital
  • $8,115Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $10,900Surplus
  • $-2,885Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,100Income earned, not collected on loans
  • $44Earning assets
  • $363Long-term assets (5+ years)
  • $95,362Average Assets, year-to-date
  • $26,598Average Assets, quarterly
  • $120,626Volatile liabilities
  • $114,982Insider loans
  • $80,835FHLB advances
  • $111,192Loans and leases held for sale
  • $2,254Unused loan commitments
  • $2,254Tier 1 (core) risk-based capital
  • $4,271Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,165Restructured Loans and leases
  • $1,071Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,367Total interest income
  • $1,707Total interest expense
  • $3,660Net interest income
  • $1,972Provision for loan and lease losses
  • $505Total noninterest income
  • $0Fiduciary activities
  • $229Service charges on deposit accounts
  • $0Trading account gains & fees
  • $276Additional noninterest income
  • $4,381Total noninterest expense
  • $1,708Salaries and employee benefits
  • $747Premises and equipment expense
  • $1,926Additional noninterest expense
  • -$2,188Pre-tax net operating income
  • -$1Securities gains (losses)
  • -$916Applicable income taxes
  • -$1,273Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,273Net income attributable to bank
  • $0Net charge-offs
  • -$1,273Cash dividends
  • $3,712Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.93%Yield on earning assets
  • 1.57%Cost of funding earning assets
  • 3.36%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 4.02%Noninterest expense to earning assets
  • -1.05%Net operating income to assets
  • -1.06%Return on assets (ROA)
  • -1.81%Pretax return on assets
  • -14.21%Return on equity (ROE)
  • -14.21%Retained earnings to average equity (YTD only)
  • 4.29%Net charge-offs to loans
  • 53.13%Credit loss provision to net charge-offs
  • -0.06%Efficiency ratio
  • 105,186Assets per employee
  • 5.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.22%Loss allowance to noncurrent loans
  • 54.19%Noncurrent assets plus other real estate owned to assets
  • 5.44%Noncurrent loans to loans
  • 4.10%Net loans and leases to deposits
  • 79.38%Net loans and leases to core deposits
  • 97.90%Equity capital to assets
  • 7.45%Core capital (leverage) ratio
  • 3.84%Tier 1 risk-based capital ratio
  • 5.28%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $120,626Average earning assets
  • $8,962Average equity
  • $108,920Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05214Flagship Bank Minnesota445 East Lake Street, Wayzata, MN 55391January 01, 1875Full Service Brick and Mortar
    7365769Eden Prairie Branch7525 Office Ridge Circle, Eden Prairie, MN 55344January 02, 2003Full Service Brick and Mortar

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