Richfield Bank & Trust Co. in Richfield, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 2002

  • Richfield Bank & Trust Co. in Richfield, Minnesota (MN)
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Richfield Bank & Trust Co. - Overview

  • General
  • FDIC Certificate #: 16538
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: M&I Marshall and Ilsley Bank (#1020)
    Federal Reserve ID: 735058
    Date Established: Febuary 03, 1947
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Interstate: No)
    OTS Docket #: 14665
    FDIC's unique #: 10690
    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: Febuary 03, 1947
    Last Structure Change Effective Date: June 01, 2002
    Last Structure Change Process Date: June 14, 2002
    Last Data Update: June 14, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 6625 Lyndale Avenue South, Richfield, MN 55423
    County: Hennepin
    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)
  • Financial Summary
  • Total assets: $766.7 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, 2001)

  • Dollar figures in thousands
  • 246Total employees (full-time equivalent)
  • $679,392Total assets
  • $48,943Cash and due from depository institutions
  • $1,021Interest-bearing balances
  • $144,513Securities
  • $10,000Federal funds sold & reverse repurchase agreements
  • $443,721Net loans & leases
  • $5,261Loan loss allowance
  • $0Trading account assets
  • $6,213Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $26,002All other assets
  • $679,392Total liabilities and capital
  • $628,132Total liabilities
  • $548,103Total deposits
  • $507,978Interest-bearing deposits
  • $548,103Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $44,151Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $28,254Other borrowed funds
  • $0Subordinated debt
  • $7,624All other liabilities
  • $51,260Total equity capital
  • $51,260Total bank equity capital
  • $51,260Perpetual preferred stock
  • $0Common stock
  • $960Surplus
  • $36,540Undivided profits
  • Memoranda
  • $13,760Noncurrent loans and leases
  • $118,670Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $929Earning assets
  • $270Long-term assets (5+ years)
  • $3,163Average Assets, year-to-date
  • $599,255Average Assets, quarterly
  • $266,842Volatile liabilities
  • $688,313Insider loans
  • $687,478FHLB advances
  • $115,658Loans and leases held for sale
  • $3,731Unused loan commitments
  • $25,333Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $118,670Total unused commitments
  • $0Restructured Loans and leases
  • $5,261Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $51,614Total interest income
  • $19,179Total interest expense
  • $32,435Net interest income
  • $1,221Provision for loan and lease losses
  • $7,959Total noninterest income
  • $3,999Fiduciary activities
  • $1,587Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,373Additional noninterest income
  • $25,014Total noninterest expense
  • $16,925Salaries and employee benefits
  • $3,213Premises and equipment expense
  • $4,876Additional noninterest expense
  • $14,159Pre-tax net operating income
  • $2,064Securities gains (losses)
  • $389Applicable income taxes
  • $15,834Income before extraordinary items
  • $0Extraordinary gains - net
  • $15,834Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,013Sale, conversion, retirement of capital stock, net
  • $18,764Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.21%Yield on earning assets
  • 3.05%Cost of funding earning assets
  • 5.16%Net interest margin
  • 1.27%Noninterest income to earning assets
  • 3.98%Noninterest expense to earning assets
  • 2.01%Net operating income to assets
  • 2.30%Return on assets (ROA)
  • 2.36%Pretax return on assets
  • 28.56%Return on equity (ROE)
  • -5.28%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 120.53%Credit loss provision to net charge-offs
  • 15.18%Efficiency ratio
  • 61,925Assets per employee
  • 2.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 118.50%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 566.31%Noncurrent assets plus other real estate owned to assets
  • 0.14%Noncurrent loans to loans
  • 0.21%Net loans and leases to deposits
  • 80.96%Net loans and leases to core deposits
  • 87.89%Equity capital to assets
  • 7.54%Core capital (leverage) ratio
  • 7.51%Tier 1 risk-based capital ratio
  • 9.74%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $688,313Average earning assets
  • $55,450Average equity
  • $628,398Average loans

Total Fiduciary and Related Assets (December 31, 2001)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $396,944Managed Assets
  • 1Number of Accounts
  • $277,299Personal trust and agency accounts
  • $209,869Employee benefit-defined contribution accounts
  • $35,737Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $27,980Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $3,713Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1432Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $119,645Other retirement accounts
  • $654Corporate trust and agency accounts
  • $86,472Other fiduciary accounts
  • $24,263Fiduciary accounts held in foreign offices

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