Rosemount National Bank in Rosemount, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 15, 2011

  • Rosemount National Bank in Rosemount, Minnesota (MN)
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Rosemount National Bank - Overview

  • General
  • FDIC Certificate #: 24099
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Central Bank (#27234)
    Federal Reserve ID: 853158
    Date Established: October 01, 1982
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 16797
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: October 01, 1982
    Last Structure Change Effective Date: April 15, 2011
    Last Structure Change Process Date: April 18, 2011
    Last Data Update: April 18, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 15055 Chippendale Avenue South, Rosemount, MN 55068
    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)
  • Financial Summary
  • Total assets: $21.5 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, 2010)

  • Dollar figures in thousands
  • 16Total employees (full-time equivalent)
  • $37,599Total assets
  • $8,758Cash and due from depository institutions
  • $70Interest-bearing balances
  • $3,374Securities
  • $4,566Federal funds sold & reverse repurchase agreements
  • $17,892Net loans & leases
  • $467Loan loss allowance
  • $0Trading account assets
  • $1,326Bank premises and fixed assets
  • $1,086Other real estate owned
  • $220Goodwill and other intangibles
  • $0Life insurance assets
  • $377All other assets
  • $37,599Total liabilities and capital
  • $36,700Total liabilities
  • $36,550Total deposits
  • $22,510Interest-bearing deposits
  • $36,550Deposits held in domestic offices
  • 95.73%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $150All other liabilities
  • $899Total equity capital
  • $899Total bank equity capital
  • $899Perpetual preferred stock
  • $0Common stock
  • $1,345Surplus
  • $3,496Undivided profits
  • Memoranda
  • $-3,942Noncurrent loans and leases
  • $1,966Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,718Earning assets
  • $0Long-term assets (5+ years)
  • $83Average Assets, year-to-date
  • $25,902Average Assets, quarterly
  • $1,437Volatile liabilities
  • $37,787Insider loans
  • $36,792FHLB advances
  • $1,794Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,966Total unused commitments
  • $1,102Restructured Loans and leases
  • $293Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $1,308Total interest income
  • $276Total interest expense
  • $1,032Net interest income
  • $628Provision for loan and lease losses
  • $316Total noninterest income
  • $0Fiduciary activities
  • $236Service charges on deposit accounts
  • $0Trading account gains & fees
  • $80Additional noninterest income
  • $2,724Total noninterest expense
  • $1,032Salaries and employee benefits
  • $512Premises and equipment expense
  • $1,180Additional noninterest expense
  • -$2,004Pre-tax net operating income
  • $195Securities gains (losses)
  • $0Applicable income taxes
  • -$1,809Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,809Net income attributable to bank
  • $0Net charge-offs
  • -$1,809Cash dividends
  • $982Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.41%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 3.48%Net interest margin
  • 1.06%Noninterest income to earning assets
  • 9.18%Noninterest expense to earning assets
  • -5.30%Net operating income to assets
  • -4.79%Return on assets (ROA)
  • -4.79%Pretax return on assets
  • -91.12%Return on equity (ROE)
  • -91.12%Retained earnings to average equity (YTD only)
  • 4.72%Net charge-offs to loans
  • 63.95%Credit loss provision to net charge-offs
  • -1.40%Efficiency ratio
  • 202,077Assets per employee
  • 2.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.54%Loss allowance to noncurrent loans
  • 27.18%Noncurrent assets plus other real estate owned to assets
  • 7.46%Noncurrent loans to loans
  • 9.36%Net loans and leases to deposits
  • 48.95%Net loans and leases to core deposits
  • 51.48%Equity capital to assets
  • 2.39%Core capital (leverage) ratio
  • 1.87%Tier 1 risk-based capital ratio
  • 2.90%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $37,787Average earning assets
  • $1,985Average equity
  • $29,678Average loans

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