FDIC Certificate #: 33871 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:BANKFIRST (#34103) Federal Reserve ID: 2144216 Date Established: January 18, 1994 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) FDIC's unique #: 48179 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 18, 1994 Last Structure Change Effective Date: June 14, 1999 Last Structure Change Process Date: July 07, 1999 Last Data Update: July 07, 1999 Data Source Date: April 05, 2012
Location
Address: 800 Marquette Avenue, Suite 200, Minneapolis, MN 55402 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)
Financial Summary
Total assets: $162.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
7Total employees (full-time equivalent)
$134,924Total assets
$1,458Cash and due from depository institutions
$0Interest-bearing balances
$46,508Securities
$11,400Federal funds sold & reverse repurchase agreements
$71,442Net loans & leases
$6,049Loan loss allowance
$0Trading account assets
$73Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,043All other assets
$134,924Total liabilities and capital
$123,006Total liabilities
$116,257Total deposits
$115,939Interest-bearing deposits
$116,257Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$6,749All other liabilities
$11,918Total equity capital
$11,918Total bank equity capital
$11,918Perpetual preferred stock
$0Common stock
$500Surplus
$4,000Undivided profits
Memoranda
$7,418Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,205Earning assets
$0Long-term assets (5+ years)
$3,263Average Assets, year-to-date
$129,350Average Assets, quarterly
$29,480Volatile liabilities
$91,061Insider loans
$121,177FHLB advances
$5,722Loans and leases held for sale
$169Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$20,635Total unused commitments
$0Restructured Loans and leases
$87,138Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$25,934Total interest income
$4,562Total interest expense
$21,372Net interest income
$2,197Provision for loan and lease losses
$89Total noninterest income
$0Fiduciary activities
$3Service charges on deposit accounts
$0Trading account gains & fees
$86Additional noninterest income
$7,336Total noninterest expense
$380Salaries and employee benefits
$156Premises and equipment expense
$6,800Additional noninterest expense
$11,928Pre-tax net operating income
-$1Securities gains (losses)
$4,586Applicable income taxes
$7,341Income before extraordinary items
$0Extraordinary gains - net
$7,341Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,062Sale, conversion, retirement of capital stock, net
$500Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
29.62%Yield on earning assets
5.21%Cost of funding earning assets
24.41%Net interest margin
0.10%Noninterest income to earning assets
8.38%Noninterest expense to earning assets
8.06%Net operating income to assets
8.06%Return on assets (ROA)
13.10%Pretax return on assets
106.95%Return on equity (ROE)
99.67%Retained earnings to average equity (YTD only)
2.76%Net charge-offs to loans
206.87%Credit loss provision to net charge-offs
13.30%Efficiency ratio
34,183Assets per employee
19.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
6.81%Loss allowance to loans
7.81%Loss allowance to noncurrent loans
274.33%Noncurrent assets plus other real estate owned to assets
1.63%Noncurrent loans to loans
2.85%Net loans and leases to deposits
61.45%Net loans and leases to core deposits
64.63%Equity capital to assets
8.83%Core capital (leverage) ratio
9.79%Tier 1 risk-based capital ratio
13.61%Total risk-based capital ratio
Memoranda
$15Average assets
$91,061Average earning assets
$6,864Average equity
$87,557Average loans
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