Lake Elmo Bank in Lake Elmo, Minnesota (MN)

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Lake Elmo Bank routing number info

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Lake Elmo Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)76
Total assets$276,681
Cash and due from depository institutions$12,367
Interest-bearing balances$7,941
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$158,318
Loan loss allowance $5,049
Trading account assets$0
Bank premises and fixed assets$8,003
Other real estate owned$3,730
Goodwill and other intangibles$0
All other assets$9,818
Life insurance assets$276,681
Total liabilities and capital$252,083
Total liabilities$244,039
Total deposits$202,486
Interest-bearing deposits$244,039
Deposits held in domestic offices$94
% insured (estimated)5396.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,213
Other borrowed funds $0
Subordinated debt $1,435
All other liabilities $24,598
Total equity capital$24,598
Total bank equity capital$24,598
Perpetual preferred stock$0
Common stock$100
Undivided profits $12,098
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $368
Income earned, not collected on loans $4,384
Earning assets $43
Long-term assets (5+ years) $913
Average Assets, year-to-date $250,704
Average Assets, quarterly $58,145
Volatile liabilities $273,855
Insider loans $277,098
FHLB advances $175,772
Loans and leases held for sale $276,930
Unused loan commitments $5,724
Tier 1 (core) risk-based capital $5,724
Tier 2 risk-based capital $22,940
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $36,910
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,160
Total interest expense $1,840
Net interest income $9,320
Provision for loan and lease losses $2,229
Total noninterest income $1,167
Fiduciary activities $396
Service charges on deposit accounts $625
Trading account gains & fees $0
Additional noninterest income $146
Total noninterest expense $8,498
Salaries and employee benefits $5,369
Premises and equipment expense $738
Additional noninterest expense $2,391
Pre-tax net operating income -$240
Securities gains (losses) $0
Applicable income taxes -$1,910
Income before extraordinary items $1,670
Extraordinary gains - net $0
Net income attributable to bank $1,670
Net charge-offs $0
Cash dividends $1,670
Sale, conversion, retirement of capital stock, net $2,101
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.52%
Cost of funding earning assets 0.75%
Net interest margin 3.78%
Noninterest income to earning assets 0.47%
Noninterest expense to earning assets 3.45%
Net operating income to assets 0.61%
Return on assets (ROA) 0.61%
Pretax return on assets -0.09%
Return on equity (ROE) 6.91%
Retained earnings to average equity (YTD only) 6.91%
Net charge-offs to loans 1.25%
Credit loss provision to net charge-offs 106.09%
Efficiency ratio0.95%
Assets per employee$81,034
Cash dividends to net income (YTD only)3.64%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.09%
Noncurrent assets plus other real estate owned to assets 115.17%
Noncurrent loans to loans 2.93%
Net loans and leases to deposits2.68%
Net loans and leases to core deposits 64.87%
Equity capital to assets 66.02%
Core capital (leverage) ratio 8.89%
Tier 1 risk-based capital ratio 8.28%
Total risk-based capital ratio 13.05%
Average assets$14
Average earning assets$273,855
Average equity $24,183
Average loans $246,632
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$51,262
Number of Accounts1
Personal trust and agency accounts$35,674
Employee benefit-defined contribution accounts$27,286
Employee benefit-defined benefit accounts$8,383
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$5
Number of Accounts97
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$15,588
Corporate trust and agency accounts$1,366
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$14,222
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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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