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 WWW:http://www.businessbankmn.com 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
No
ID
Name
Address
Established
Service Type
Map
0
80571
The Business Bank
11100 Wayzata Boulevard, Suite 150, Minnetonka, MN 55305
May 22, 2000
Full Service Brick and Mortar
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