Minnwest Bank Metro in Eagan, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Minnwest Bank Metro in Eagan, Minnesota (MN)
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Minnwest Bank Metro - Overview

  • General
  • FDIC Certificate #: 17898
    Status: Active
    Federal Reserve ID: 790851
    Bank Holding Company (Regulatory Top Holder): Minnwest Corporation (RSSDID: 1141348, Location: Minnetonka, MN)
    Date Established: August 18, 1958
    WWW: http://www.minnwestbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 11837
    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: August 18, 1958
    Last Structure Change Effective Date: October 15, 2008
    Last Structure Change Process Date: November 24, 2008
    Last Data Update: November 24, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1150 Yankee Doodle Road, Eagan, MN 55120
    County: Dakota
    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
  • Change in Location
  • Financial Summary
  • Total assets: $234.7 mil
    Equity capital: $22.4 mil
    Deposits held in domestic offices: $189.0 mil
    Return on assets (ROA): -1.67% (-$3.9 mil)
    Quarterly return on assets: -1.84% (-$4.3 mil)
    Return on Equity (ROE): -19.57% (-$4.3 mil)
    Quarterly return on equity: -19.80% (-$4.4 mil)
    Net income: -$4.2 mil
    Quarterly Net income: -$1.1 mil
    Pretax return on assets: -2.75% (-$6,455.6 mil)
    Quarterly Pretax return on assets: -3.04% (-$7,136.4 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
  • 47Total employees (full-time equivalent)
  • $234,749Total assets
  • $27,630Cash and due from depository institutions
  • $24,878Interest-bearing balances
  • $29,647Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $151,641Net loans & leases
  • $3,447Loan loss allowance
  • $0Trading account assets
  • $5,870Bank premises and fixed assets
  • $13,452Other real estate owned
  • $103Goodwill and other intangibles
  • $234,749Life insurance assets
  • $6,406All other assets
  • $212,303Total liabilities and capital
  • $189,048Total liabilities
  • $172,749Total deposits
  • $189,048Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $21,650Trading liabilities
  • $0Other borrowed funds
  • $1,605Subordinated debt
  • $22,446All other liabilities
  • $22,446Total equity capital
  • $22,446Total bank equity capital
  • $0Perpetual preferred stock
  • $225Common stock
  • $44,775Surplus
  • $-22,554Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,274Income earned, not collected on loans
  • $15Earning assets
  • $702Long-term assets (5+ years)
  • $206,166Average Assets, year-to-date
  • $9,775Average Assets, quarterly
  • $253,605Volatile liabilities
  • $239,305Insider loans
  • $171,556FHLB advances
  • $239,781Loans and leases held for sale
  • $230Unused loan commitments
  • $230Tier 1 (core) risk-based capital
  • $20,466Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,208Restructured Loans and leases
  • $5Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,667Total interest income
  • $3,504Total interest expense
  • $6,163Net interest income
  • $660Provision for loan and lease losses
  • -$2,703Total noninterest income
  • $0Fiduciary activities
  • $300Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$3,003Additional noninterest income
  • $9,783Total noninterest expense
  • $3,627Salaries and employee benefits
  • $645Premises and equipment expense
  • $5,511Additional noninterest expense
  • -$6,983Pre-tax net operating income
  • $0Securities gains (losses)
  • -$2,738Applicable income taxes
  • -$4,245Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,245Net income attributable to bank
  • $0Net charge-offs
  • -$4,245Cash dividends
  • $1,775Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.41%Yield on earning assets
  • 1.60%Cost of funding earning assets
  • 2.81%Net interest margin
  • -1.23%Noninterest income to earning assets
  • 4.46%Noninterest expense to earning assets
  • -1.67%Net operating income to assets
  • -1.67%Return on assets (ROA)
  • -2.75%Pretax return on assets
  • -19.57%Return on equity (ROE)
  • -19.57%Retained earnings to average equity (YTD only)
  • 1.13%Net charge-offs to loans
  • 37.18%Credit loss provision to net charge-offs
  • -3.56%Efficiency ratio
  • 279,191Assets per employee
  • 4.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.22%Loss allowance to noncurrent loans
  • 33.55%Noncurrent assets plus other real estate owned to assets
  • 10.11%Noncurrent loans to loans
  • 6.62%Net loans and leases to deposits
  • 80.21%Net loans and leases to core deposits
  • 86.50%Equity capital to assets
  • 9.56%Core capital (leverage) ratio
  • 8.54%Tier 1 risk-based capital ratio
  • 11.93%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $253,605Average earning assets
  • $21,692Average equity
  • $219,284Average loans

List of branches

  • 4 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011837Minnwest Bank Metro1150 Yankee Doodle Road, Eagan, MN 55120August 18, 1958Full Service Brick and Mortar
    37034Hammond BranchMain Street, Hammond, MN 55991January 01, 1924Full Service Brick and Mortar
    4189465Rochester Office331 16th Ave Nw, Rochester, MN 55901December 01, 1997Full Service Brick and Mortar
    5446098Minnetonka Branch14820 Hwy 7, Minnetonka, MN 55345December 05, 2005Full Service Brick and Mortar

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