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

  • The Business Bank in Minnetonka, Minnesota (MN)
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The Business Bank - Overview

  • General
  • FDIC Certificate #: 35487
    Status: Active
    Federal Reserve ID: 2897400
    Bank Holding Company (Regulatory Top Holder): Business Bancorporation, Inc. (RSSDID: 2897398, Location: Minnetonka, MN)
    Date Established: May 22, 2000
    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 #: 80571
    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: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: May 22, 2000
    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: 11100 Wayzata Boulevard, Suite 150, Minnetonka, MN 55305
    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: $196.1 mil
    Equity capital: $13.4 mil
    Deposits held in domestic offices: $143.0 mil
    Return on assets (ROA): 0.73% ($1.4 mil)
    Quarterly return on assets: 1.04% ($2.0 mil)
    Return on Equity (ROE): 8.67% ($1.1 mil)
    Quarterly return on equity: 14.59% ($1.9 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.15% ($2,255.5 mil)
    Quarterly Pretax return on assets: 1.59% ($3,118.4 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
  • 178Total employees (full-time equivalent)
  • $196,128Total assets
  • $9,449Cash and due from depository institutions
  • $6,564Interest-bearing balances
  • $12,721Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $166,399Net loans & leases
  • $1,232Loan loss allowance
  • $0Trading account assets
  • $731Bank premises and fixed assets
  • $349Other real estate owned
  • $18Goodwill and other intangibles
  • $196,128Life insurance assets
  • $6,461All other assets
  • $182,751Total liabilities and capital
  • $143,031Total liabilities
  • $121,446Total deposits
  • $143,031Interest-bearing deposits
  • $73Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $36,000Trading liabilities
  • $0Other borrowed funds
  • $3,720Subordinated debt
  • $13,377All other liabilities
  • $13,377Total equity capital
  • $13,377Total bank equity capital
  • $0Perpetual preferred stock
  • $20Common stock
  • $11,242Surplus
  • $2,115Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $91,410Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,039Income earned, not collected on loans
  • $431Earning assets
  • $401Long-term assets (5+ years)
  • $185,684Average Assets, year-to-date
  • $99,128Average Assets, quarterly
  • $152,131Volatile liabilities
  • $178,141Insider loans
  • $128,801FHLB advances
  • $175,835Loans and leases held for sale
  • $2,488Unused loan commitments
  • $2,488Tier 1 (core) risk-based capital
  • $13,572Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,952Restructured Loans and leases
  • $1,560Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,567Total interest income
  • $1,165Total interest expense
  • $5,402Net interest income
  • $970Provision for loan and lease losses
  • $20,938Total noninterest income
  • $0Fiduciary activities
  • $125Service charges on deposit accounts
  • $0Trading account gains & fees
  • $20,813Additional noninterest income
  • $23,624Total noninterest expense
  • $18,678Salaries and employee benefits
  • $2,234Premises and equipment expense
  • $2,712Additional noninterest expense
  • $1,746Pre-tax net operating income
  • $4Securities gains (losses)
  • $644Applicable income taxes
  • $1,106Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,106Net income attributable to bank
  • $0Net charge-offs
  • $1,106Cash dividends
  • $1,047Sale, conversion, retirement of capital stock, net
  • $1,750Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.59%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 3.78%Net interest margin
  • 14.64%Noninterest income to earning assets
  • 16.52%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.73%Return on assets (ROA)
  • 1.15%Pretax return on assets
  • 8.67%Return on equity (ROE)
  • -5.05%Retained earnings to average equity (YTD only)
  • 0.83%Net charge-offs to loans
  • 92.65%Credit loss provision to net charge-offs
  • 2.59%Efficiency ratio
  • 89,689Assets per employee
  • 1.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 158.23%Loss allowance to loans
  • 0.73%Loss allowance to noncurrent loans
  • 118.58%Noncurrent assets plus other real estate owned to assets
  • 0.71%Noncurrent loans to loans
  • 0.62%Net loans and leases to deposits
  • 116.34%Net loans and leases to core deposits
  • 280.99%Equity capital to assets
  • 6.82%Core capital (leverage) ratio
  • 7.72%Tier 1 risk-based capital ratio
  • 10.54%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $152,131Average earning assets
  • $12,756Average equity
  • $143,029Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    080571The Business Bank11100 Wayzata Boulevard, Suite 150, Minnetonka, MN 55305May 22, 2000Full Service Brick and Mortar

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