Patriot Bank Minnesota in Forest Lake, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 27, 2012

  • Patriot Bank Minnesota in Forest Lake, Minnesota (MN)
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Patriot Bank Minnesota - Overview

  • General
  • FDIC Certificate #: 34823
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: First Resource Bank (#58039)
    Federal Reserve ID: 2646327
    Bank Holding Company (Regulatory Top Holder): Lino Lakes Banc Shares, Inc. (RSSDID: 2646318, Location: Forest Lake, MN)
    Date Established: July 20, 1998
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 61735
    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: July 20, 1998
    Last Structure Change Effective Date: January 27, 2012
    Last Structure Change Process Date: January 30, 2012
    Last Data Update: January 30, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 19810 Headwaters Boulevard, Forest Lake, MN 55025
    County: Washington
    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: $105.0 mil
    Equity capital: $1.6 mil
    Deposits held in domestic offices: $102.8 mil
    Return on assets (ROA): -5.03% (-$5.3 mil)
    Quarterly return on assets: -2.45% (-$2.6 mil)
    Return on Equity (ROE): -137.65% (-$2.8 mil)
    Quarterly return on equity: -139.00% (-$2.8 mil)
    Net income: -$5.7 mil
    Quarterly Net income: -$0.7 mil
    Pretax return on assets: -5.02% (-$5,272.5 mil)
    Quarterly Pretax return on assets: -2.44% (-$2,562.7 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
  • 28Total employees (full-time equivalent)
  • $105,029Total assets
  • $4,836Cash and due from depository institutions
  • $3,739Interest-bearing balances
  • $10,600Securities
  • $2,760Federal funds sold & reverse repurchase agreements
  • $72,127Net loans & leases
  • $4,219Loan loss allowance
  • $0Trading account assets
  • $4,335Bank premises and fixed assets
  • $8,637Other real estate owned
  • $0Goodwill and other intangibles
  • $105,029Life insurance assets
  • $1,734All other assets
  • $103,471Total liabilities and capital
  • $102,833Total liabilities
  • $91,969Total deposits
  • $102,833Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $638Subordinated debt
  • $1,558All other liabilities
  • $1,558Total equity capital
  • $1,558Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $14,400Surplus
  • $-13,842Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,407Income earned, not collected on loans
  • $0Earning assets
  • $335Long-term assets (5+ years)
  • $89,226Average Assets, year-to-date
  • $9,173Average Assets, quarterly
  • $113,438Volatile liabilities
  • $108,179Insider loans
  • $91,257FHLB advances
  • $107,353Loans and leases held for sale
  • $786Unused loan commitments
  • $786Tier 1 (core) risk-based capital
  • $1,396Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,186Restructured Loans and leases
  • $6,252Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,811Total interest income
  • $1,760Total interest expense
  • $3,051Net interest income
  • $3,833Provision for loan and lease losses
  • -$1,040Total noninterest income
  • $0Fiduciary activities
  • $106Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,146Additional noninterest income
  • $4,037Total noninterest expense
  • $1,546Salaries and employee benefits
  • $604Premises and equipment expense
  • $1,887Additional noninterest expense
  • -$5,859Pre-tax net operating income
  • $160Securities gains (losses)
  • $5Applicable income taxes
  • -$5,704Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,704Net income attributable to bank
  • $0Net charge-offs
  • -$5,704Cash dividends
  • $4,063Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.96%Yield on earning assets
  • 1.82%Cost of funding earning assets
  • 3.15%Net interest margin
  • -1.07%Noninterest income to earning assets
  • 4.16%Noninterest expense to earning assets
  • -5.17%Net operating income to assets
  • -5.03%Return on assets (ROA)
  • -5.02%Pretax return on assets
  • -137.65%Return on equity (ROE)
  • -137.65%Retained earnings to average equity (YTD only)
  • 4.68%Net charge-offs to loans
  • 94.34%Credit loss provision to net charge-offs
  • -0.50%Efficiency ratio
  • 200,746Assets per employee
  • 3.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.53%Loss allowance to noncurrent loans
  • 36.99%Noncurrent assets plus other real estate owned to assets
  • 19.08%Noncurrent loans to loans
  • 14.94%Net loans and leases to deposits
  • 70.14%Net loans and leases to core deposits
  • 72.92%Equity capital to assets
  • 1.48%Core capital (leverage) ratio
  • 1.30%Tier 1 risk-based capital ratio
  • 1.53%Total risk-based capital ratio
  • Memoranda
  • $3Average assets
  • $113,438Average earning assets
  • $4,144Average equity
  • $96,935Average loans

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