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

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

  • General
  • FDIC Certificate #: 33202
    Status: Active
    Federal Reserve ID: 1481754
    Date Established: October 05, 1990
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 15769
    FDIC's unique #: 46442
    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 05, 2010
    Last Structure Change Process Date: March 05, 2010
    Last Data Update: March 05, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 421 First Avenue, S.W., Rochester, MN 55902
    County: Olmsted
    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): Rochester, MN (#6820)
    Core Based Statistical Area (CBSA): Rochester, MN (#40340)
    CBSA Metro Statistical Area: Rochester, MN (#40340)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $144.9 mil
    Equity capital: $11.4 mil
    Deposits held in domestic offices: $132.9 mil
    Return on assets (ROA): -0.26% (-$0.4 mil)
    Quarterly return on assets: -1.38% (-$2.0 mil)
    Return on Equity (ROE): -3.23% (-$0.4 mil)
    Quarterly return on equity: -17.44% (-$1.9 mil)
    Net income: -$0.4 mil
    Quarterly Net income: -$0.5 mil
    Pretax return on assets: -0.26% (-$376.8 mil)
    Quarterly Pretax return on assets: -1.38% (-$1,999.8 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
  • 25Total employees (full-time equivalent)
  • $144,914Total assets
  • $7,533Cash and due from depository institutions
  • $3,904Interest-bearing balances
  • $23,279Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $98,199Net loans & leases
  • $1,958Loan loss allowance
  • $0Trading account assets
  • $5,258Bank premises and fixed assets
  • $9,782Other real estate owned
  • $0Goodwill and other intangibles
  • $144,914Life insurance assets
  • $863All other assets
  • $133,509Total liabilities and capital
  • $132,897Total liabilities
  • $123,426Total deposits
  • $132,897Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $612Subordinated debt
  • $11,405All other liabilities
  • $11,405Total equity capital
  • $11,405Total bank equity capital
  • $0Perpetual preferred stock
  • $1,757Common stock
  • $9,068Surplus
  • $580Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $715Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,577Income earned, not collected on loans
  • $0Earning assets
  • $596Long-term assets (5+ years)
  • $125,382Average Assets, year-to-date
  • $17,469Average Assets, quarterly
  • $148,533Volatile liabilities
  • $146,883Insider loans
  • $113,098FHLB advances
  • $146,408Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,336Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,853Restructured Loans and leases
  • $3,334Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,282Total interest income
  • $1,534Total interest expense
  • $4,748Net interest income
  • $1,850Provision for loan and lease losses
  • $511Total noninterest income
  • $0Fiduciary activities
  • $268Service charges on deposit accounts
  • $0Trading account gains & fees
  • $243Additional noninterest income
  • $4,095Total noninterest expense
  • $1,399Salaries and employee benefits
  • $636Premises and equipment expense
  • $2,060Additional noninterest expense
  • -$686Pre-tax net operating income
  • $307Securities gains (losses)
  • $0Applicable income taxes
  • -$379Income before extraordinary items
  • $0Extraordinary gains - net
  • -$379Net income attributable to bank
  • $0Net charge-offs
  • -$379Cash dividends
  • $2,720Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.99%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 3.77%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 3.25%Noninterest expense to earning assets
  • -0.46%Net operating income to assets
  • -0.26%Return on assets (ROA)
  • -0.26%Pretax return on assets
  • -3.23%Return on equity (ROE)
  • -3.23%Retained earnings to average equity (YTD only)
  • 2.71%Net charge-offs to loans
  • 68.01%Credit loss provision to net charge-offs
  • 0.43%Efficiency ratio
  • 77,867Assets per employee
  • 5.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.95%Loss allowance to noncurrent loans
  • 75.98%Noncurrent assets plus other real estate owned to assets
  • 8.53%Noncurrent loans to loans
  • 2.57%Net loans and leases to deposits
  • 73.89%Net loans and leases to core deposits
  • 75.27%Equity capital to assets
  • 7.87%Core capital (leverage) ratio
  • 7.74%Tier 1 risk-based capital ratio
  • 10.02%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $148,533Average earning assets
  • $11,740Average equity
  • $126,015Average loans

List of branches

  • 5 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    046442Premier Bank Rochester421 First Avenue, S.W., Rochester, MN 55902October 05, 1990Full Service Brick and Mortar
    228217137th Street3800 North Highway 52., Rochester, MN 55901January 01, 1910Full Service Brick and Mortar
    3282175Green Meadows Branch1706 Greenview Place, S.W., Rochester, MN 55901January 01, 1910Full Service Brick and Mortar
    5361666Wal-Mart North Office3400 55th Street. Mw, Rochester, MN 55901August 23, 2001Limited Service Retail
    7446090Wellner Branch3145 Wellner Drive Ne, Rochester, MN 55906December 12, 2005Full Service Brick and Mortar

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