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


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

  • General
  • FDIC Certificate #: 33204
    Status: Active
    Federal Reserve ID: 1481745
    Date Established: October 05, 1990
    WWW: http://www.premierbanks.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    FDIC's unique #: 46444
    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: October 05, 1990
    Last Structure Change Effective Date: March 28, 2012
    Last Structure Change Process Date: March 28, 2012
    Last Data Update: March 28, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 316 Oak Street, Farmington, MN 55024
    County: Dakota
    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: $176.6 mil
    Equity capital: $13.0 mil
    Deposits held in domestic offices: $162.7 mil
    Return on assets (ROA): -0.30% (-$0.5 mil)
    Quarterly return on assets: -2.35% (-$4.2 mil)
    Return on Equity (ROE): -4.16% (-$0.5 mil)
    Quarterly return on equity: -31.26% (-$4.1 mil)
    Net income: -$0.6 mil
    Quarterly Net income: -$1.1 mil
    Pretax return on assets: -0.30% (-$529.7 mil)
    Quarterly Pretax return on assets: -2.35% (-$4,149.2 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
  • 35Total employees (full-time equivalent)
  • $176,562Total assets
  • $9,151Cash and due from depository institutions
  • $4,549Interest-bearing balances
  • $35,402Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $111,426Net loans & leases
  • $3,404Loan loss allowance
  • $0Trading account assets
  • $3,728Bank premises and fixed assets
  • $15,794Other real estate owned
  • $0Goodwill and other intangibles
  • $176,562Life insurance assets
  • $1,061All other assets
  • $163,551Total liabilities and capital
  • $162,723Total liabilities
  • $136,127Total deposits
  • $162,723Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $828Subordinated debt
  • $13,011All other liabilities
  • $13,011Total equity capital
  • $13,011Total bank equity capital
  • $0Perpetual preferred stock
  • $2,178Common stock
  • $14,095Surplus
  • $-3,262Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,373Income earned, not collected on loans
  • $0Earning assets
  • $693Long-term assets (5+ years)
  • $151,377Average Assets, year-to-date
  • $21,031Average Assets, quarterly
  • $187,930Volatile liabilities
  • $179,641Insider loans
  • $129,273FHLB advances
  • $180,650Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,901Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,902Restructured Loans and leases
  • $1,745Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,665Total interest income
  • $1,735Total interest expense
  • $5,930Net interest income
  • $1,850Provision for loan and lease losses
  • $1,301Total noninterest income
  • $0Fiduciary activities
  • $545Service charges on deposit accounts
  • $0Trading account gains & fees
  • $756Additional noninterest income
  • $6,308Total noninterest expense
  • $1,778Salaries and employee benefits
  • $869Premises and equipment expense
  • $3,661Additional noninterest expense
  • -$927Pre-tax net operating income
  • $358Securities gains (losses)
  • $0Applicable income taxes
  • -$569Income before extraordinary items
  • $0Extraordinary gains - net
  • -$569Net income attributable to bank
  • $0Net charge-offs
  • -$569Cash dividends
  • $3,061Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.83%Yield on earning assets
  • 1.09%Cost of funding earning assets
  • 3.74%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 3.98%Noninterest expense to earning assets
  • -0.49%Net operating income to assets
  • -0.30%Return on assets (ROA)
  • -0.30%Pretax return on assets
  • -4.16%Return on equity (ROE)
  • -4.16%Retained earnings to average equity (YTD only)
  • 2.49%Net charge-offs to loans
  • 60.44%Credit loss provision to net charge-offs
  • 0.30%Efficiency ratio
  • 86,323Assets per employee
  • 5.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.96%Loss allowance to noncurrent loans
  • 143.45%Noncurrent assets plus other real estate owned to assets
  • 10.29%Noncurrent loans to loans
  • 2.07%Net loans and leases to deposits
  • 68.48%Net loans and leases to core deposits
  • 69.79%Equity capital to assets
  • 7.37%Core capital (leverage) ratio
  • 7.14%Tier 1 risk-based capital ratio
  • 9.98%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $187,930Average earning assets
  • $13,686Average equity
  • $158,613Average loans

List of branches

  • 8 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    046444Premier Bank Minnesota316 Oak Street, Farmington, MN 55024October 05, 1990Full Service Brick and Mortar
    2282179Faribault Branch417 N.W. Fourth Street, Faribault, MN 55021January 01, 1910Full Service Brick and Mortar
    4282180Northfield Branch112 East Fifth Street, Northfield, MN 55057January 01, 1910Full Service Brick and Mortar
    5282181Owatonna Branch209 East Main Street, Owatonna, MN 55060January 01, 1910Full Service Brick and Mortar
    6289375Bloomington Branch500 West 98th Street, Bloomington, MN 55420March 16, 1998Full Service Brick and Mortar
    8190423Albertville Branch11055 61st Street Ne, Albertville, MN 55301August 10, 1998Full Service Brick and Mortar
    11450885Monticello Branch4134 Deegan Avenue, N.E., Monticello, MN 55362April 27, 2006Full Service Brick and Mortar
    12457238Hastings Branch101 East 10th Street, Hastings, MN 55033December 18, 2006Full Service Brick and Mortar

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