Platinum Bank in Oakdale, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Platinum Bank in Oakdale, Minnesota (MN)
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Platinum Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 14Total employees (full-time equivalent)
  • $133,815Total assets
  • $1,851Cash and due from depository institutions
  • $0Interest-bearing balances
  • $30,431Securities
  • $7,750Federal funds sold & reverse repurchase agreements
  • $86,674Net loans & leases
  • $1,000Loan loss allowance
  • $0Trading account assets
  • $4,166Bank premises and fixed assets
  • $2,074Other real estate owned
  • $0Goodwill and other intangibles
  • $133,815Life insurance assets
  • $869All other assets
  • $119,644Total liabilities and capital
  • $119,180Total liabilities
  • $102,608Total deposits
  • $119,180Interest-bearing deposits
  • $68Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $464Subordinated debt
  • $14,171All other liabilities
  • $14,171Total equity capital
  • $14,171Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $13,713Surplus
  • $358Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $962Income earned, not collected on loans
  • $0Earning assets
  • $487Long-term assets (5+ years)
  • $124,855Average Assets, year-to-date
  • $42,202Average Assets, quarterly
  • $118,377Volatile liabilities
  • $134,320Insider loans
  • $87,124FHLB advances
  • $135,319Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,165Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,428Restructured Loans and leases
  • $918Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,001Total interest income
  • $1,532Total interest expense
  • $4,469Net interest income
  • $116Provision for loan and lease losses
  • $274Total noninterest income
  • $0Fiduciary activities
  • $208Service charges on deposit accounts
  • $0Trading account gains & fees
  • $66Additional noninterest income
  • $3,831Total noninterest expense
  • $1,883Salaries and employee benefits
  • $347Premises and equipment expense
  • $1,601Additional noninterest expense
  • $796Pre-tax net operating income
  • $316Securities gains (losses)
  • $0Applicable income taxes
  • $1,112Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,112Net income attributable to bank
  • $0Net charge-offs
  • $1,112Cash dividends
  • $274Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.45%Yield on earning assets
  • 1.39%Cost of funding earning assets
  • 4.06%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 3.48%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 9.79%Return on equity (ROE)
  • 9.79%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 42.34%Credit loss provision to net charge-offs
  • 3.33%Efficiency ratio
  • 80,772Assets per employee
  • 9.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 103.95%Noncurrent assets plus other real estate owned to assets
  • 2.27%Noncurrent loans to loans
  • 1.10%Net loans and leases to deposits
  • 72.73%Net loans and leases to core deposits
  • 80.56%Equity capital to assets
  • 10.59%Core capital (leverage) ratio
  • 10.47%Tier 1 risk-based capital ratio
  • 16.26%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $118,377Average earning assets
  • $11,360Average equity
  • $110,107Average loans

List of branches

  • 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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