Platinum Bank in Oakdale, Minnesota (MN)



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Platinum Bank
GeneralFDIC Certificate #: 58511
Status: Active
Federal Reserve ID: 3538009
Bank Holding Company (Regulatory Top Holder): Platinum Bancorp, Inc. (RSSDID: 3537990, Location: Oakdale, MN)
Date Established: Febuary 12, 2007
WWW: http://www.platinumbankmn.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 455065
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: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: Febuary 12, 2007
Last Structure Change Effective Date: December 04, 2007
Last Structure Change Process Date: April 25, 2008
Last Data Update: April 25, 2008
Data Source Date: April 05, 2012
LocationAddress: 7667 10th Street North, Oakdale, MN 55128
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)
History of ChangesChange in Location
Financial SummaryTotal assets: $133.8 mil
Equity capital: $14.2 mil
Deposits held in domestic offices: $119.2 mil
Return on assets (ROA): 0.94% ($1.3 mil)
Quarterly return on assets: 0.00% ($0.0 mil)
Return on Equity (ROE): 9.79% ($1.4 mil)
Quarterly return on equity: 0.03% ($0.0 mil)
Net income: $1.1 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.94% ($1,257.9 mil)
Quarterly Pretax return on assets: 0.00% ($0.0 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)
Total employees (full-time equivalent)14
Total assets$133,815
Cash and due from depository institutions$1,851
Interest-bearing balances$0
Securities$30,431
Federal funds sold & reverse repurchase agreements$7,750
Net loans & leases$86,674
Loan loss allowance $1,000
Trading account assets$0
Bank premises and fixed assets$4,166
Other real estate owned$2,074
Goodwill and other intangibles$0
All other assets$869
Life insurance assets$133,815
Total liabilities and capital$119,644
Total liabilities$119,180
Total deposits$102,608
Interest-bearing deposits$119,180
Deposits held in domestic offices$68
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $464
All other liabilities $14,171
Total equity capital$14,171
Total bank equity capital$14,171
Perpetual preferred stock$0
Common stock$100
Surplus$13,713
Undivided profits $358
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $962
Earning assets $0
Long-term assets (5+ years) $487
Average Assets, year-to-date $124,855
Average Assets, quarterly $42,202
Volatile liabilities $118,377
Insider loans $134,320
FHLB advances $87,124
Loans and leases held for sale $135,319
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $14,165
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $13,428
Derivatives$918
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,001
Total interest expense $1,532
Net interest income $4,469
Provision for loan and lease losses $116
Total noninterest income $274
Fiduciary activities $0
Service charges on deposit accounts $208
Trading account gains & fees $0
Additional noninterest income $66
Total noninterest expense $3,831
Salaries and employee benefits $1,883
Premises and equipment expense $347
Additional noninterest expense $1,601
Pre-tax net operating income $796
Securities gains (losses) $316
Applicable income taxes $0
Income before extraordinary items $1,112
Extraordinary gains - net $0
Net income attributable to bank $1,112
Net charge-offs $0
Cash dividends $1,112
Sale, conversion, retirement of capital stock, net $274
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.45%
Cost of funding earning assets 1.39%
Net interest margin 4.06%
Noninterest income to earning assets 0.25%
Noninterest expense to earning assets 3.48%
Net operating income to assets 0.67%
Return on assets (ROA) 0.94%
Pretax return on assets 0.94%
Return on equity (ROE) 9.79%
Retained earnings to average equity (YTD only) 9.79%
Net charge-offs to loans 0.32%
Credit loss provision to net charge-offs 42.34%
Efficiency ratio3.33%
Assets per employee$80,772
Cash dividends to net income (YTD only)9.56%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.14%
Noncurrent assets plus other real estate owned to assets 103.95%
Noncurrent loans to loans 2.27%
Net loans and leases to deposits1.10%
Net loans and leases to core deposits 72.73%
Equity capital to assets 80.56%
Core capital (leverage) ratio 10.59%
Tier 1 risk-based capital ratio 10.47%
Total risk-based capital ratio 16.26%
Memoranda
Average assets$17
Average earning assets$118,377
Average equity $11,360
Average loans $110,107
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1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0455065Platinum Bank7667 10th Street North, Oakdale, MN 55128Febuary 12, 2007Full Service Brick and Mortar
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