Fridley Bank, National Association in Fridley, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 27, 1995

  • Fridley Bank, National Association in Fridley, Minnesota (MN)
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Fridley Bank, National Association - Overview

  • General
  • FDIC Certificate #: 18657
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank Minnesota, National Association (#5208)
    Federal Reserve ID: 73358
    Date Established: December 17, 1962
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Interstate: No)
    FDIC's unique #: 12537
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: December 17, 1962
    Last Structure Change Effective Date: October 27, 1995
    Last Structure Change Process Date: November 17, 1995
    Last Data Update: November 17, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 6315 University Avenue, N.E., Fridley, MN 55432
    County: Anoka
    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: $52.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $34Total assets
  • $52,122Cash and due from depository institutions
  • $2,662Interest-bearing balances
  • $99Securities
  • $20,549Federal funds sold & reverse repurchase agreements
  • $685Net loans & leases
  • $27,286Loan loss allowance
  • $159Trading account assets
  • $0Bank premises and fixed assets
  • $432Other real estate owned
  • $0Goodwill and other intangibles
  • $508Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $52,122Total liabilities
  • $47,016Total deposits
  • $46,898Interest-bearing deposits
  • $36,253Deposits held in domestic offices
  • 46898.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $118Total equity capital
  • $118Total bank equity capital
  • $5,106Perpetual preferred stock
  • $0Common stock
  • $187Surplus
  • $1,813Undivided profits
  • Memoranda
  • $3,106Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12Income earned, not collected on loans
  • $139Earning assets
  • $48,619Long-term assets (5+ years)
  • $10,139Average Assets, year-to-date
  • $53,043Average Assets, quarterly
  • $52,481Volatile liabilities
  • $642Insider loans
  • $200FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,101Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,106Total risk weighted assets
  • $30,008Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,678Total interest expense
  • $1,134Net interest income
  • $2,544Provision for loan and lease losses
  • $39Total noninterest income
  • $338Fiduciary activities
  • $0Service charges on deposit accounts
  • $231Trading account gains & fees
  • $0Additional noninterest income
  • $107Total noninterest expense
  • $2,253Salaries and employee benefits
  • $1,176Premises and equipment expense
  • $480Additional noninterest expense
  • $597Pre-tax net operating income
  • $590Securities gains (losses)
  • -$12Applicable income taxes
  • $193Income before extraordinary items
  • $385Extraordinary gains - net
  • $0Net income attributable to bank
  • $385Net charge-offs
  • $39Cash dividends
  • $300Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.39%Cost of funding earning assets
  • 2.28%Net interest margin
  • 5.11%Noninterest income to earning assets
  • 0.68%Noninterest expense to earning assets
  • 4.53%Net operating income to assets
  • 0.74%Return on assets (ROA)
  • 0.73%Pretax return on assets
  • 1.09%Return on equity (ROE)
  • 7.71%Retained earnings to average equity (YTD only)
  • 1.70%Net charge-offs to loans
  • 0.15%Credit loss provision to net charge-offs
  • 100.00%Efficiency ratio
  • 78,175Assets per employee
  • 1.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 77.92%Loss allowance to loans
  • 0.58%Loss allowance to noncurrent loans
  • 1325.00%Noncurrent assets plus other real estate owned to assets
  • 0.02%Noncurrent loans to loans
  • 0.04%Net loans and leases to deposits
  • 58.18%Net loans and leases to core deposits
  • 58.99%Equity capital to assets
  • 9.80%Core capital (leverage) ratio
  • 9.84%Tier 1 risk-based capital ratio
  • 17.02%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $53,043Average earning assets
  • $4,992Average equity
  • $49,768Average loans

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