Olmsted National Bank in Rochester, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Olmsted National Bank in Rochester, Minnesota (MN)
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Olmsted National Bank - Overview

  • General
  • FDIC Certificate #: 34171
    Status: Active
    Federal Reserve ID: 2391588
    Bank Holding Company (Regulatory Top Holder): Olmsted Holding Corporation (RSSDID: 3153260, Location: Rochester, MN)
    Date Established: May 09, 1996
    WWW: http://www.bankononb.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 56828
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 09, 1996
    Last Structure Change Effective Date: April 10, 2006
    Last Structure Change Process Date: January 24, 2007
    Last Data Update: January 24, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 975 34th Avenue Nw, Rochester, MN 55901
    County: Olmsted
    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): Rochester, MN (#6820)
    Core Based Statistical Area (CBSA): Rochester, MN (#40340)
    CBSA Metro Statistical Area: Rochester, MN (#40340)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $51.1 mil
    Equity capital: $5.0 mil
    Deposits held in domestic offices: $44.9 mil
    Return on assets (ROA): -2.63% (-$1.3 mil)
    Quarterly return on assets: -9.42% (-$4.8 mil)
    Return on Equity (ROE): -23.53% (-$1.2 mil)
    Quarterly return on equity: -87.85% (-$4.4 mil)
    Net income: -$1.4 mil
    Quarterly Net income: -$1.2 mil
    Pretax return on assets: -2.63% (-$1,344.4 mil)
    Quarterly Pretax return on assets: -9.42% (-$4,815.3 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
  • 16Total employees (full-time equivalent)
  • $51,118Total assets
  • $3,765Cash and due from depository institutions
  • $1,545Interest-bearing balances
  • $4,504Securities
  • $2,534Federal funds sold & reverse repurchase agreements
  • $35,242Net loans & leases
  • $728Loan loss allowance
  • $0Trading account assets
  • $1,073Bank premises and fixed assets
  • $2,634Other real estate owned
  • $655Goodwill and other intangibles
  • $51,118Life insurance assets
  • $711All other assets
  • $46,137Total liabilities and capital
  • $44,882Total liabilities
  • $38,260Total deposits
  • $44,882Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,125Trading liabilities
  • $0Other borrowed funds
  • $130Subordinated debt
  • $4,981All other liabilities
  • $4,981Total equity capital
  • $4,981Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $9,042Surplus
  • $-4,261Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $148Income earned, not collected on loans
  • $0Earning assets
  • $145Long-term assets (5+ years)
  • $43,825Average Assets, year-to-date
  • $4,659Average Assets, quarterly
  • $53,925Volatile liabilities
  • $52,414Insider loans
  • $37,462FHLB advances
  • $51,372Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,246Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,507Restructured Loans and leases
  • $110Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,646Total interest income
  • $642Total interest expense
  • $2,004Net interest income
  • $0Provision for loan and lease losses
  • $446Total noninterest income
  • $0Fiduciary activities
  • $56Service charges on deposit accounts
  • $0Trading account gains & fees
  • $390Additional noninterest income
  • $3,910Total noninterest expense
  • $1,105Salaries and employee benefits
  • $750Premises and equipment expense
  • $2,055Additional noninterest expense
  • -$1,460Pre-tax net operating income
  • $44Securities gains (losses)
  • $2Applicable income taxes
  • -$1,418Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,418Net income attributable to bank
  • $0Net charge-offs
  • -$1,418Cash dividends
  • $116Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.82%Yield on earning assets
  • 1.41%Cost of funding earning assets
  • 4.41%Net interest margin
  • 0.98%Noninterest income to earning assets
  • 8.61%Noninterest expense to earning assets
  • -2.71%Net operating income to assets
  • -2.63%Return on assets (ROA)
  • -2.63%Pretax return on assets
  • -23.53%Return on equity (ROE)
  • -23.53%Retained earnings to average equity (YTD only)
  • 0.30%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • -12.59%Efficiency ratio
  • 112,122Assets per employee
  • 3.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.02%Loss allowance to noncurrent loans
  • 491.89%Noncurrent assets plus other real estate owned to assets
  • 5.44%Noncurrent loans to loans
  • 0.41%Net loans and leases to deposits
  • 78.52%Net loans and leases to core deposits
  • 80.37%Equity capital to assets
  • 9.74%Core capital (leverage) ratio
  • 8.27%Tier 1 risk-based capital ratio
  • 11.33%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $53,925Average earning assets
  • $6,027Average equity
  • $45,428Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    056828Olmsted National Bank975 34th Avenue Nw, Rochester, MN 55901May 09, 1996Full Service Brick and Mortar

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