Signature Bank in Minnetonka, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Signature Bank in Minnetonka, Minnesota (MN)
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Signature Bank - Overview

  • General
  • FDIC Certificate #: 57631
    Status: Active
    Federal Reserve ID: 3207921
    Bank Holding Company (Regulatory Top Holder): Signature Bancshares, Inc. (RSSDID: 3207912, Location: Minnetonka, MN)
    Date Established: November 10, 2003
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 418819
    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: November 10, 2003
    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: 9800 Bren Road East, Suite 200, Minnetonka, MN 55343
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $177.2 mil
    Equity capital: $19.5 mil
    Deposits held in domestic offices: $151.8 mil
    Return on assets (ROA): 0.90% ($1.6 mil)
    Quarterly return on assets: 1.21% ($2.1 mil)
    Return on Equity (ROE): 8.42% ($1.6 mil)
    Quarterly return on equity: 10.95% ($2.1 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.91% ($1,612.4 mil)
    Quarterly Pretax return on assets: 1.22% ($2,161.7 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)
  • $177,191Total assets
  • $6,963Cash and due from depository institutions
  • $1,505Interest-bearing balances
  • $8,940Securities
  • $2,420Federal funds sold & reverse repurchase agreements
  • $152,858Net loans & leases
  • $3,556Loan loss allowance
  • $0Trading account assets
  • $321Bank premises and fixed assets
  • $4,154Other real estate owned
  • $0Goodwill and other intangibles
  • $177,191Life insurance assets
  • $1,535All other assets
  • $157,714Total liabilities and capital
  • $151,773Total liabilities
  • $119,801Total deposits
  • $151,773Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,045Trading liabilities
  • $0Other borrowed funds
  • $896Subordinated debt
  • $19,477All other liabilities
  • $19,477Total equity capital
  • $19,477Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $19,190Surplus
  • $-713Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,515Income earned, not collected on loans
  • $0Earning assets
  • $496Long-term assets (5+ years)
  • $165,723Average Assets, year-to-date
  • $23,993Average Assets, quarterly
  • $176,319Volatile liabilities
  • $176,065Insider loans
  • $155,922FHLB advances
  • $176,662Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $19,385Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $31,834Restructured Loans and leases
  • $1,763Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,587Total interest income
  • $1,838Total interest expense
  • $7,749Net interest income
  • $1,200Provision for loan and lease losses
  • $519Total noninterest income
  • $0Fiduciary activities
  • $268Service charges on deposit accounts
  • $0Trading account gains & fees
  • $251Additional noninterest income
  • $5,471Total noninterest expense
  • $2,733Salaries and employee benefits
  • $450Premises and equipment expense
  • $2,288Additional noninterest expense
  • $1,597Pre-tax net operating income
  • $0Securities gains (losses)
  • $6Applicable income taxes
  • $1,591Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,591Net income attributable to bank
  • $0Net charge-offs
  • $1,591Cash dividends
  • $1,677Sale, conversion, retirement of capital stock, net
  • $367Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.82%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 4.71%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 3.32%Noninterest expense to earning assets
  • 0.90%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 0.91%Pretax return on assets
  • 8.42%Return on equity (ROE)
  • 6.48%Retained earnings to average equity (YTD only)
  • 1.08%Net charge-offs to loans
  • 71.56%Credit loss provision to net charge-offs
  • 1.67%Efficiency ratio
  • 66,171Assets per employee
  • 7.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 23.07%Loss allowance to loans
  • 2.27%Loss allowance to noncurrent loans
  • 234.72%Noncurrent assets plus other real estate owned to assets
  • 3.20%Noncurrent loans to loans
  • 0.97%Net loans and leases to deposits
  • 100.71%Net loans and leases to core deposits
  • 126.41%Equity capital to assets
  • 10.99%Core capital (leverage) ratio
  • 10.97%Tier 1 risk-based capital ratio
  • 12.43%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $176,319Average earning assets
  • $18,892Average equity
  • $164,610Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0418819Signature Bank9800 Bren Road East, Suite 200, Minnetonka, MN 55343November 10, 2003Full Service Brick and Mortar

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