Provincial Bank in Lakeville, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Provincial Bank - Overview

  • General
  • FDIC Certificate #: 34443
    Status: Active
    Federal Reserve ID: 2514837
    Bank Holding Company (Regulatory Top Holder): Provincial Corp. (RSSDID: 2514828, Location: Lakeville, MN)
    Date Established: March 27, 1997
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 15336
    FDIC's unique #: 57207
    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: March 27, 1997
    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: 20280 Iberia Avenue, Lakeville, MN 55044
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $75.2 mil
    Equity capital: $7.4 mil
    Deposits held in domestic offices: $65.1 mil
    Return on assets (ROA): 0.15% ($0.1 mil)
    Quarterly return on assets: 0.31% ($0.2 mil)
    Return on Equity (ROE): 1.65% ($0.1 mil)
    Quarterly return on equity: 3.27% ($0.2 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.15% ($112.8 mil)
    Quarterly Pretax return on assets: 0.31% ($233.1 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
  • 34Total employees (full-time equivalent)
  • $75,198Total assets
  • $7,637Cash and due from depository institutions
  • $5,457Interest-bearing balances
  • $2,116Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $57,388Net loans & leases
  • $716Loan loss allowance
  • $0Trading account assets
  • $3,921Bank premises and fixed assets
  • $1,867Other real estate owned
  • $361Goodwill and other intangibles
  • $75,198Life insurance assets
  • $1,908All other assets
  • $67,833Total liabilities and capital
  • $65,098Total liabilities
  • $50,164Total deposits
  • $65,098Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,500Trading liabilities
  • $0Other borrowed funds
  • $235Subordinated debt
  • $7,365All other liabilities
  • $7,365Total equity capital
  • $7,365Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $6,050Surplus
  • $1,215Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,139Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $752Income earned, not collected on loans
  • $0Earning assets
  • $320Long-term assets (5+ years)
  • $64,961Average Assets, year-to-date
  • $4,527Average Assets, quarterly
  • $78,883Volatile liabilities
  • $77,406Insider loans
  • $57,275FHLB advances
  • $81,190Loans and leases held for sale
  • $412Unused loan commitments
  • $412Tier 1 (core) risk-based capital
  • $7,298Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,667Restructured Loans and leases
  • $4,217Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,752Total interest income
  • $974Total interest expense
  • $2,778Net interest income
  • $493Provision for loan and lease losses
  • $1,600Total noninterest income
  • $0Fiduciary activities
  • $116Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,484Additional noninterest income
  • $3,766Total noninterest expense
  • $2,433Salaries and employee benefits
  • $382Premises and equipment expense
  • $951Additional noninterest expense
  • $119Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $119Income before extraordinary items
  • $0Extraordinary gains - net
  • $119Net income attributable to bank
  • $0Net charge-offs
  • $119Cash dividends
  • $611Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.47%Yield on earning assets
  • 1.42%Cost of funding earning assets
  • 4.05%Net interest margin
  • 2.33%Noninterest income to earning assets
  • 5.49%Noninterest expense to earning assets
  • 0.15%Net operating income to assets
  • 0.15%Return on assets (ROA)
  • 0.15%Pretax return on assets
  • 1.65%Return on equity (ROE)
  • 1.65%Retained earnings to average equity (YTD only)
  • 1.03%Net charge-offs to loans
  • 80.69%Credit loss provision to net charge-offs
  • 1.00%Efficiency ratio
  • 86,021Assets per employee
  • 2.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 95.21%Noncurrent assets plus other real estate owned to assets
  • 3.48%Noncurrent loans to loans
  • 1.29%Net loans and leases to deposits
  • 88.16%Net loans and leases to core deposits
  • 94.87%Equity capital to assets
  • 9.79%Core capital (leverage) ratio
  • 8.99%Tier 1 risk-based capital ratio
  • 12.74%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $78,883Average earning assets
  • $7,192Average equity
  • $68,575Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057207Provincial Bank20280 Iberia Avenue, Lakeville, MN 55044March 27, 1997Full Service Brick and Mortar
    1442215Provincial Bank Branch7303 161st Street, Lakeville, MN 55044June 02, 2003Full Service Brick and Mortar
    2446040Hastings Branch1309 Vermillion Street, Hastings, MN 55033November 28, 2005Full Service Brick and Mortar

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