Minnesota BANKFIRST in Minneapolis, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 14, 1999

  • Minnesota BANKFIRST in Minneapolis, Minnesota (MN)
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Minnesota BANKFIRST - Overview

  • General
  • 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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