Park Midway Bank, National Association in Saint Paul, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Park Midway Bank, National Association - Overview

  • General
  • FDIC Certificate #: 1904
    Status: Active
    Federal Reserve ID: 798857
    Bank Holding Company (Regulatory Top Holder): University Financial Corp, Inc. Dba Sunrise Community Banks (RSSDID: 1139103, Location: Saint Paul, MN)
    Date Established: January 01, 1916
    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: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 13409
    FDIC's unique #: 1269
    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: January 01, 1934
    Last Structure Change Effective Date: October 15, 2008
    Last Structure Change Process Date: January 29, 2009
    Last Data Update: January 29, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 2300 Como Avenue, Saint Paul, MN 55108
    County: Ramsey
    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
  • Name Change
    Change in Primary Regulatory Agency
    Change in Supervisory Agency
  • Financial Summary
  • Total assets: $259.7 mil
    Equity capital: $27.8 mil
    Deposits held in domestic offices: $210.3 mil
    Return on assets (ROA): 0.84% ($2.2 mil)
    Quarterly return on assets: 0.78% ($2.0 mil)
    Return on Equity (ROE): 8.14% ($2.3 mil)
    Quarterly return on equity: 7.32% ($2.0 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.85% ($2,207.3 mil)
    Quarterly Pretax return on assets: 0.78% ($2,025.5 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
  • 34Total employees (full-time equivalent)
  • $259,682Total assets
  • $11,783Cash and due from depository institutions
  • $6,575Interest-bearing balances
  • $27,662Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $205,380Net loans & leases
  • $3,106Loan loss allowance
  • $0Trading account assets
  • $7,361Bank premises and fixed assets
  • $2,226Other real estate owned
  • $0Goodwill and other intangibles
  • $259,682Life insurance assets
  • $5,270All other assets
  • $231,878Total liabilities and capital
  • $210,282Total liabilities
  • $140,014Total deposits
  • $210,282Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 2203.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,000Trading liabilities
  • $0Other borrowed funds
  • $393Subordinated debt
  • $27,804All other liabilities
  • $27,804Total equity capital
  • $27,804Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $20,350Surplus
  • $7,304Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $22,440Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,302Income earned, not collected on loans
  • $6,240Earning assets
  • $872Long-term assets (5+ years)
  • $239,617Average Assets, year-to-date
  • $34,203Average Assets, quarterly
  • $263,003Volatile liabilities
  • $258,864Insider loans
  • $191,032FHLB advances
  • $259,370Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $27,340Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $39,412Restructured Loans and leases
  • $8Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,250Total interest income
  • $2,011Total interest expense
  • $11,239Net interest income
  • $2,131Provision for loan and lease losses
  • $1,585Total noninterest income
  • $0Fiduciary activities
  • $734Service charges on deposit accounts
  • $0Trading account gains & fees
  • $851Additional noninterest income
  • $8,476Total noninterest expense
  • $5,036Salaries and employee benefits
  • $815Premises and equipment expense
  • $2,625Additional noninterest expense
  • $2,217Pre-tax net operating income
  • $6Securities gains (losses)
  • $5Applicable income taxes
  • $2,218Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,218Net income attributable to bank
  • $0Net charge-offs
  • $2,218Cash dividends
  • $1,635Sale, conversion, retirement of capital stock, net
  • $1,743Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.44%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 4.61%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 3.48%Noninterest expense to earning assets
  • 0.84%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 0.85%Pretax return on assets
  • 8.14%Return on equity (ROE)
  • 1.74%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 130.34%Credit loss provision to net charge-offs
  • 2.66%Efficiency ratio
  • 66,095Assets per employee
  • 7.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 78.58%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 30.15%Noncurrent assets plus other real estate owned to assets
  • 4.82%Noncurrent loans to loans
  • 4.94%Net loans and leases to deposits
  • 97.67%Net loans and leases to core deposits
  • 108.56%Equity capital to assets
  • 10.71%Core capital (leverage) ratio
  • 10.54%Tier 1 risk-based capital ratio
  • 14.31%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $263,003Average earning assets
  • $27,241Average equity
  • $243,613Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01269Park Midway Bank, National Association2300 Como Avenue, Saint Paul, MN 55108January 01, 1916Full Service Brick and Mortar
    2360237St. Paul Branch2171 University Avenue, Saint Paul, MN 55114March 01, 2001Full Service Brick and Mortar

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