Lake Elmo Bank in Lake Elmo, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Lake Elmo Bank in Lake Elmo, Minnesota (MN)
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Lake Elmo Bank - Overview

  • General
  • FDIC Certificate #: 15443
    Status: Active
    Federal Reserve ID: 1015850
    Bank Holding Company (Regulatory Top Holder): Lake Elmo Bancshares, Inc. (RSSDID: 2360043, Location: Lake Elmo, MN)
    Date Established: August 01, 1911
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 9141
    FDIC's unique #: 9755
    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: December 19, 1936
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 11465 39th Street North, Lake Elmo, MN 55042
    County: Washington
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $276.7 mil
    Equity capital: $24.6 mil
    Deposits held in domestic offices: $244.0 mil
    Return on assets (ROA): 0.61% ($1.7 mil)
    Quarterly return on assets: 0.27% ($0.7 mil)
    Return on Equity (ROE): 6.91% ($1.7 mil)
    Quarterly return on equity: 3.02% ($0.8 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: -0.09% (-$249.0 mil)
    Quarterly Pretax return on assets: 0.35% ($968.4 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
  • 76Total employees (full-time equivalent)
  • $276,681Total assets
  • $12,367Cash and due from depository institutions
  • $7,941Interest-bearing balances
  • $84,445Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $158,318Net loans & leases
  • $5,049Loan loss allowance
  • $0Trading account assets
  • $8,003Bank premises and fixed assets
  • $3,730Other real estate owned
  • $0Goodwill and other intangibles
  • $276,681Life insurance assets
  • $9,818All other assets
  • $252,083Total liabilities and capital
  • $244,039Total liabilities
  • $202,486Total deposits
  • $244,039Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 5396.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,213Trading liabilities
  • $0Other borrowed funds
  • $1,435Subordinated debt
  • $24,598All other liabilities
  • $24,598Total equity capital
  • $24,598Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $12,400Surplus
  • $12,098Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $368Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,384Income earned, not collected on loans
  • $43Earning assets
  • $913Long-term assets (5+ years)
  • $250,704Average Assets, year-to-date
  • $58,145Average Assets, quarterly
  • $273,855Volatile liabilities
  • $277,098Insider loans
  • $175,772FHLB advances
  • $276,930Loans and leases held for sale
  • $5,724Unused loan commitments
  • $5,724Tier 1 (core) risk-based capital
  • $22,940Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $36,910Restructured Loans and leases
  • $2,934Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,160Total interest income
  • $1,840Total interest expense
  • $9,320Net interest income
  • $2,229Provision for loan and lease losses
  • $1,167Total noninterest income
  • $396Fiduciary activities
  • $625Service charges on deposit accounts
  • $0Trading account gains & fees
  • $146Additional noninterest income
  • $8,498Total noninterest expense
  • $5,369Salaries and employee benefits
  • $738Premises and equipment expense
  • $2,391Additional noninterest expense
  • -$240Pre-tax net operating income
  • $0Securities gains (losses)
  • -$1,910Applicable income taxes
  • $1,670Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,670Net income attributable to bank
  • $0Net charge-offs
  • $1,670Cash dividends
  • $2,101Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.52%Yield on earning assets
  • 0.75%Cost of funding earning assets
  • 3.78%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • -0.09%Pretax return on assets
  • 6.91%Return on equity (ROE)
  • 6.91%Retained earnings to average equity (YTD only)
  • 1.25%Net charge-offs to loans
  • 106.09%Credit loss provision to net charge-offs
  • 0.95%Efficiency ratio
  • 81,034Assets per employee
  • 3.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.09%Loss allowance to noncurrent loans
  • 115.17%Noncurrent assets plus other real estate owned to assets
  • 2.93%Noncurrent loans to loans
  • 2.68%Net loans and leases to deposits
  • 64.87%Net loans and leases to core deposits
  • 66.02%Equity capital to assets
  • 8.89%Core capital (leverage) ratio
  • 8.28%Tier 1 risk-based capital ratio
  • 13.05%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $273,855Average earning assets
  • $24,183Average equity
  • $246,632Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $51,262Managed Assets
  • 1Number of Accounts
  • $35,674Personal trust and agency accounts
  • $27,286Employee benefit-defined contribution accounts
  • $8,383Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $5Non-managed Assets
  • 97Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $15,588Other retirement accounts
  • $1,366Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $14,222Fiduciary accounts held in foreign offices

List of branches

  • 6 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09755Lake Elmo Bank11465 39th Street North, Lake Elmo, MN 55042August 01, 1911Full Service Brick and Mortar
    1360234Echo Ridge Branch-Senior Housing1033 Greshwin Avenue, Oakdale, MN 55128March 06, 2000Limited Service Mobile
    2360293Oak Meadows Branch-Senior Housing8132 And 8133 Fourth Street North, Oakdale, MN 55128September 04, 2000Limited Service Mobile
    3360759Inwood Avenue North Branch600 Inwood Avenue North, Oakdale, MN 55128July 06, 1999Full Service Brick and Mortar
    4365590Boutwells Landing Senior Center Bran5600 Norwich Parkway, Oak Park Heights, MN 55082November 06, 2002Limited Service Mobile
    5451941Stillwater Branch1937 South Greeley Street, Stillwater, MN 55082June 12, 2006Full Service Brick and Mortar

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