FDIC Certificate #: 1382 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bremer Bank, National Association (#12923) Federal Reserve ID: 731256 Date Established: April 01, 1908 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) OTS Docket #: 10454 FDIC's unique #: 906 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: October 11, 1999 Last Structure Change Process Date: October 27, 1999 Last Data Update: October 27, 1999 Data Source Date: April 05, 2012
Location
Address: 202 South Lagrande, Princeton, MN 55371 County: Mille Lacs 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
Financial Summary
Total assets: $177.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
82Total employees (full-time equivalent)
$177,465Total assets
$6,997Cash and due from depository institutions
$48Interest-bearing balances
$52,296Securities
$4,675Federal funds sold & reverse repurchase agreements
$105,548Net loans & leases
$1,059Loan loss allowance
$0Trading account assets
$3,570Bank premises and fixed assets
$101Other real estate owned
$22Goodwill and other intangibles
$0Life insurance assets
$4,256All other assets
$177,465Total liabilities and capital
$164,083Total liabilities
$162,878Total deposits
$143,497Interest-bearing deposits
$162,878Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,205All other liabilities
$13,382Total equity capital
$13,382Total bank equity capital
$13,382Perpetual preferred stock
$0Common stock
$300Surplus
$10,200Undivided profits
Memoranda
$2,882Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$460Earning assets
$0Long-term assets (5+ years)
$722Average Assets, year-to-date
$162,567Average Assets, quarterly
$40,082Volatile liabilities
$173,233Insider loans
$176,501FHLB advances
$17,970Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$22,497Total unused commitments
$0Restructured Loans and leases
$122,831Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$13,655Total interest income
$6,761Total interest expense
$6,894Net interest income
$100Provision for loan and lease losses
$2,167Total noninterest income
$0Fiduciary activities
$928Service charges on deposit accounts
$0Trading account gains & fees
$1,239Additional noninterest income
$6,673Total noninterest expense
$3,809Salaries and employee benefits
$968Premises and equipment expense
$1,896Additional noninterest expense
$2,288Pre-tax net operating income
$223Securities gains (losses)
$738Applicable income taxes
$1,773Income before extraordinary items
$0Extraordinary gains - net
$1,773Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$158Sale, conversion, retirement of capital stock, net
$1,300Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.63%Yield on earning assets
4.27%Cost of funding earning assets
4.36%Net interest margin
1.37%Noninterest income to earning assets
4.22%Noninterest expense to earning assets
0.93%Net operating income to assets
1.02%Return on assets (ROA)
1.45%Pretax return on assets
13.84%Return on equity (ROE)
3.69%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
63.29%Credit loss provision to net charge-offs
15.11%Efficiency ratio
73,524Assets per employee
2.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
73.32%Loss allowance to loans
0.99%Loss allowance to noncurrent loans
230.22%Noncurrent assets plus other real estate owned to assets
0.32%Noncurrent loans to loans
0.43%Net loans and leases to deposits
64.80%Net loans and leases to core deposits
72.84%Equity capital to assets
7.54%Core capital (leverage) ratio
7.39%Tier 1 risk-based capital ratio
10.67%Total risk-based capital ratio
Memoranda
$12Average assets
$173,233Average earning assets
$12,810Average equity
$158,263Average loans
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