Highland Bank in Saint Michael, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Highland Bank in Saint Michael, Minnesota (MN)
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Highland Bank - Overview

  • General
  • FDIC Certificate #: 16111
    Status: Active
    Federal Reserve ID: 764058
    Bank Holding Company (Regulatory Top Holder): Highland Bancshares, Inc. (RSSDID: 1124659, Location: Saint Michael, MN)
    Date Established: December 28, 1943
    WWW: http://www.highlandbanks.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 9639
    FDIC's unique #: 10328
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 03, 1944
    Last Structure Change Effective Date: August 09, 2008
    Last Structure Change Process Date: August 18, 2008
    Last Data Update: August 18, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 701 Central Avenue East, Saint Michael, MN 55376
    County: Wright
    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: $466.6 mil
    Equity capital: $34.8 mil
    Deposits held in domestic offices: $345.9 mil
    Return on assets (ROA): 0.37% ($1.7 mil)
    Quarterly return on assets: -0.62% (-$2.9 mil)
    Return on Equity (ROE): 5.09% ($1.8 mil)
    Quarterly return on equity: -8.01% (-$2.8 mil)
    Net income: $1.7 mil
    Quarterly Net income: -$0.7 mil
    Pretax return on assets: 0.37% ($1,726.2 mil)
    Quarterly Pretax return on assets: -0.62% (-$2,892.6 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
  • 91Total employees (full-time equivalent)
  • $466,552Total assets
  • $40,279Cash and due from depository institutions
  • $31,821Interest-bearing balances
  • $164,260Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $234,408Net loans & leases
  • $6,846Loan loss allowance
  • $0Trading account assets
  • $4,051Bank premises and fixed assets
  • $12,642Other real estate owned
  • $4,047Goodwill and other intangibles
  • $466,552Life insurance assets
  • $6,865All other assets
  • $431,750Total liabilities and capital
  • $345,927Total liabilities
  • $258,619Total deposits
  • $345,927Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 27557.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $51,312Trading liabilities
  • $0Other borrowed funds
  • $6,954Subordinated debt
  • $34,802All other liabilities
  • $34,802Total equity capital
  • $34,802Total bank equity capital
  • $0Perpetual preferred stock
  • $250Common stock
  • $56,984Surplus
  • $-22,432Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,599Income earned, not collected on loans
  • $773Earning assets
  • $1,896Long-term assets (5+ years)
  • $430,489Average Assets, year-to-date
  • $149,081Average Assets, quarterly
  • $466,187Volatile liabilities
  • $464,038Insider loans
  • $281,280FHLB advances
  • $463,060Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $32,783Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $46,699Restructured Loans and leases
  • $27Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $23,826Total interest income
  • $5,799Total interest expense
  • $18,027Net interest income
  • $0Provision for loan and lease losses
  • $488Total noninterest income
  • $0Fiduciary activities
  • $1,162Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$674Additional noninterest income
  • $15,711Total noninterest expense
  • $6,751Salaries and employee benefits
  • $1,540Premises and equipment expense
  • $7,420Additional noninterest expense
  • $2,804Pre-tax net operating income
  • -$1,059Securities gains (losses)
  • $5Applicable income taxes
  • $1,740Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,740Net income attributable to bank
  • $0Net charge-offs
  • $1,740Cash dividends
  • $1,144Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.54%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 4.19%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 3.65%Noninterest expense to earning assets
  • 0.60%Net operating income to assets
  • 0.37%Return on assets (ROA)
  • 0.37%Pretax return on assets
  • 5.09%Return on equity (ROE)
  • 5.09%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 2.45%Efficiency ratio
  • 81,312Assets per employee
  • 5.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.84%Loss allowance to noncurrent loans
  • 64.59%Noncurrent assets plus other real estate owned to assets
  • 4.98%Noncurrent loans to loans
  • 4.39%Net loans and leases to deposits
  • 67.76%Net loans and leases to core deposits
  • 70.43%Equity capital to assets
  • 7.46%Core capital (leverage) ratio
  • 7.08%Tier 1 risk-based capital ratio
  • 11.65%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $466,187Average earning assets
  • $34,154Average equity
  • $430,030Average loans

List of branches

  • 6 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010328Highland Bank701 Central Avenue East, Saint Michael, MN 55376December 28, 1943Full Service Brick and Mortar
    1237314Albertville Branch5985 Large Avenue Ne, Albertville, MN 55301March 01, 1978Full Service Brick and Mortar
    2237315Maple Grove Branch13370 Grove Drive, Maple Grove, MN 55369June 14, 1990Full Service Brick and Mortar
    310570St Paul Branch2100 Ford Parkway, Saint Paul, MN 55116April 01, 1946Full Service Brick and Mortar
    5237993Bloomington Branch5270 West 84th Street, Bloomington, MN 55437March 02, 1987Full Service Brick and Mortar
    915813Ridgedale State Bank Branch1730 Plymouth Road, Minnetonka, MN 55305May 22, 1978Full Service Brick and Mortar

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