Premier Bank in Maplewood, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Premier Bank in Maplewood, Minnesota (MN)
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Premier Bank - Overview

  • General
  • FDIC Certificate #: 21714
    Status: Active
    Federal Reserve ID: 33259
    Date Established: August 01, 1974
    WWW: http://www.premierbanks.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 11890
    FDIC's unique #: 15029
    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: August 01, 1974
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2866 White Bear Avenue, Maplewood, MN 55109
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $551.0 mil
    Equity capital: $45.0 mil
    Deposits held in domestic offices: $499.9 mil
    Return on assets (ROA): -0.52% (-$2.9 mil)
    Quarterly return on assets: -2.23% (-$12.3 mil)
    Return on Equity (ROE): -6.30% (-$2.8 mil)
    Quarterly return on equity: -27.03% (-$12.2 mil)
    Net income: -$3.0 mil
    Quarterly Net income: -$3.1 mil
    Pretax return on assets: -1.13% (-$6,226.7 mil)
    Quarterly Pretax return on assets: -4.08% (-$22,482.2 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
  • 82Total employees (full-time equivalent)
  • $551,035Total assets
  • $39,446Cash and due from depository institutions
  • $37,359Interest-bearing balances
  • $51,113Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $382,191Net loans & leases
  • $8,159Loan loss allowance
  • $0Trading account assets
  • $11,713Bank premises and fixed assets
  • $50,464Other real estate owned
  • $0Goodwill and other intangibles
  • $551,035Life insurance assets
  • $16,108All other assets
  • $506,001Total liabilities and capital
  • $499,937Total liabilities
  • $483,705Total deposits
  • $499,937Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 3475.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,589Subordinated debt
  • $45,034All other liabilities
  • $45,034Total equity capital
  • $45,034Total bank equity capital
  • $0Perpetual preferred stock
  • $919Common stock
  • $27,724Surplus
  • $16,391Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,224Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $27,140Income earned, not collected on loans
  • $1,136Earning assets
  • $1,857Long-term assets (5+ years)
  • $470,663Average Assets, year-to-date
  • $67,911Average Assets, quarterly
  • $575,258Volatile liabilities
  • $565,729Insider loans
  • $446,078FHLB advances
  • $558,973Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $36,767Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $36,471Restructured Loans and leases
  • $2,938Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $23,994Total interest income
  • $5,594Total interest expense
  • $18,400Net interest income
  • $11,211Provision for loan and lease losses
  • -$126Total noninterest income
  • $0Fiduciary activities
  • $945Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,071Additional noninterest income
  • $14,144Total noninterest expense
  • $4,658Salaries and employee benefits
  • $1,173Premises and equipment expense
  • $8,313Additional noninterest expense
  • -$7,081Pre-tax net operating income
  • $576Securities gains (losses)
  • -$3,508Applicable income taxes
  • -$2,997Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,997Net income attributable to bank
  • $0Net charge-offs
  • -$2,997Cash dividends
  • $16,661Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.87%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 3.73%Net interest margin
  • -0.03%Noninterest income to earning assets
  • 2.87%Noninterest expense to earning assets
  • -0.59%Net operating income to assets
  • -0.52%Return on assets (ROA)
  • -1.13%Pretax return on assets
  • -6.30%Return on equity (ROE)
  • -6.30%Retained earnings to average equity (YTD only)
  • 4.11%Net charge-offs to loans
  • 67.29%Credit loss provision to net charge-offs
  • 0.25%Efficiency ratio
  • 77,400Assets per employee
  • 6.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.09%Loss allowance to noncurrent loans
  • 30.06%Noncurrent assets plus other real estate owned to assets
  • 14.08%Noncurrent loans to loans
  • 6.95%Net loans and leases to deposits
  • 76.45%Net loans and leases to core deposits
  • 78.05%Equity capital to assets
  • 8.17%Core capital (leverage) ratio
  • 6.58%Tier 1 risk-based capital ratio
  • 8.24%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $575,258Average earning assets
  • $47,564Average equity
  • $492,717Average loans

List of branches

  • 7 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015029Premier Bank2866 White Bear Avenue, Maplewood, MN 55109August 01, 1974Full Service Brick and Mortar
    1253321Osseo Branch301 Central Avenue, Osseo, MN 55369October 02, 1989Full Service Brick and Mortar
    2280732Roseville Branch1875 West Highway 36, Roseville, MN 55113January 01, 1891Full Service Brick and Mortar
    3253322White Bear Lake Branch2151 3rd Street, White Bear Lake, MN 55110Febuary 05, 1992Full Service Brick and Mortar
    5363438Blaine Wal Mart Office Branch4405 Pheasant Ridge Drive, Blaine, MN 55449March 20, 2002Full Service Brick and Mortar
    6453038Woodbury Wal-Mart Branch10240 Hudson Road, Woodbury, MN 55129January 01, 2006Full Service Retail
    7462317Hugo Branch14815 Forest Boulevard North, Hugo, MN 55038October 02, 2006Full Service Brick and Mortar

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