Franklin National Bank of Minneapolis in Minneapolis, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Franklin National Bank of Minneapolis in Minneapolis, Minnesota (MN)
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Franklin National Bank of Minneapolis - Overview

  • General
  • FDIC Certificate #: 18424
    Status: Active
    Federal Reserve ID: 98454
    Bank Holding Company (Regulatory Top Holder): University Financial Corp, Inc. Dba Sunrise Community Banks (RSSDID: 1139103, Location: Saint Paul, MN)
    Date Established: August 01, 1961
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 11254
    FDIC's unique #: 12329
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 01, 1961
    Last Structure Change Effective Date: July 20, 2009
    Last Structure Change Process Date: September 11, 2009
    Last Data Update: September 11, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 525 Washington Avenue North, Minneapolis, MN 55401
    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
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $145.7 mil
    Equity capital: $21.1 mil
    Deposits held in domestic offices: $118.8 mil
    Return on assets (ROA): 1.10% ($1.6 mil)
    Quarterly return on assets: 2.63% ($3.8 mil)
    Return on Equity (ROE): 7.51% ($1.6 mil)
    Quarterly return on equity: 18.62% ($3.9 mil)
    Net income: $1.5 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 1.10% ($1,602.7 mil)
    Quarterly Pretax return on assets: 2.63% ($3,831.8 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
  • 38Total employees (full-time equivalent)
  • $145,697Total assets
  • $8,122Cash and due from depository institutions
  • $3,395Interest-bearing balances
  • $23,857Securities
  • $204Federal funds sold & reverse repurchase agreements
  • $103,619Net loans & leases
  • $1,149Loan loss allowance
  • $0Trading account assets
  • $4,283Bank premises and fixed assets
  • $2,860Other real estate owned
  • $178Goodwill and other intangibles
  • $145,697Life insurance assets
  • $2,574All other assets
  • $124,557Total liabilities and capital
  • $118,809Total liabilities
  • $69,250Total deposits
  • $118,809Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 558.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $190Subordinated debt
  • $21,140All other liabilities
  • $21,140Total equity capital
  • $21,140Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $13,650Surplus
  • $7,090Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $992Income earned, not collected on loans
  • $0Earning assets
  • $572Long-term assets (5+ years)
  • $131,075Average Assets, year-to-date
  • $31,129Average Assets, quarterly
  • $138,315Volatile liabilities
  • $147,205Insider loans
  • $110,363FHLB advances
  • $147,301Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $20,372Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,927Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,367Total interest income
  • $499Total interest expense
  • $6,868Net interest income
  • -$68Provision for loan and lease losses
  • $912Total noninterest income
  • $0Fiduciary activities
  • $866Service charges on deposit accounts
  • $0Trading account gains & fees
  • $46Additional noninterest income
  • $6,717Total noninterest expense
  • $3,722Salaries and employee benefits
  • $895Premises and equipment expense
  • $2,100Additional noninterest expense
  • $1,131Pre-tax net operating income
  • $395Securities gains (losses)
  • $5Applicable income taxes
  • $1,521Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,521Net income attributable to bank
  • $0Net charge-offs
  • $1,521Cash dividends
  • $123Sale, conversion, retirement of capital stock, net
  • $322Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.95%Yield on earning assets
  • 0.40%Cost of funding earning assets
  • 5.55%Net interest margin
  • 0.74%Noninterest income to earning assets
  • 5.43%Noninterest expense to earning assets
  • 0.81%Net operating income to assets
  • 1.10%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 7.51%Return on equity (ROE)
  • 5.92%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • -55.28%Credit loss provision to net charge-offs
  • 8.64%Efficiency ratio
  • 85,887Assets per employee
  • 3.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 21.17%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 115.83%Noncurrent assets plus other real estate owned to assets
  • 2.64%Noncurrent loans to loans
  • 0.95%Net loans and leases to deposits
  • 87.21%Net loans and leases to core deposits
  • 100.79%Equity capital to assets
  • 14.51%Core capital (leverage) ratio
  • 13.83%Tier 1 risk-based capital ratio
  • 18.46%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $138,315Average earning assets
  • $20,257Average equity
  • $123,760Average loans

List of branches

  • 4 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012329Franklin National Bank Of Minneapoli525 Washington Avenue North, Minneapolis, MN 55401August 01, 1961Full Service Brick and Mortar
    4363253Blaisdell Avenue Branch2100 Blaisdell Avenue North, Minneapolis, MN 55404December 03, 2001Full Service Brick and Mortar
    5480384Lake Street Branch1527 East Lake Street, Minneapolis, MN 55407April 14, 2008Full Service Brick and Mortar
    7521312Karmel Office Branch2910 Pillsbury Ave, Minneapolis, MN 55404August 18, 2010Full Service Retail

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