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


  • The Business Bank in Minnetonka, Minnesota (MN)
  • Show street view No street view available for this location

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
    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
  • NoIDNameAddressEstablishedService TypeMap
    080571The Business Bank11100 Wayzata Boulevard, Suite 150, Minnetonka, MN 55305May 22, 2000Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Business Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents