The First State Bank of Eden Prairie in Eden Prairie, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 11, 1999

  • The First State Bank of Eden Prairie in Eden Prairie, Minnesota (MN)
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The First State Bank of Eden Prairie - Overview

  • General
  • FDIC Certificate #: 22903
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bremer Bank, National Association (#12923)
    Federal Reserve ID: 161554
    Date Established: July 16, 1979
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 11357
    FDIC's unique #: 16011
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 16, 1979
    Last Structure Change Effective Date: October 11, 1999
    Last Structure Change Process Date: October 27, 1999
    Last Data Update: October 27, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 11800 Singletree Lane, Eden Prairie, MN 55344
    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)
  • Financial Summary
  • Total assets: $51.7 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 20Total employees (full-time equivalent)
  • $52,169Total assets
  • $2,245Cash and due from depository institutions
  • $12Interest-bearing balances
  • $13,566Securities
  • $3,065Federal funds sold & reverse repurchase agreements
  • $27,427Net loans & leases
  • $337Loan loss allowance
  • $0Trading account assets
  • $341Bank premises and fixed assets
  • $0Other real estate owned
  • $4,755Goodwill and other intangibles
  • $0Life insurance assets
  • $770All other assets
  • $52,169Total liabilities and capital
  • $43,377Total liabilities
  • $42,789Total deposits
  • $32,629Interest-bearing deposits
  • $42,789Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $588All other liabilities
  • $8,792Total equity capital
  • $8,792Total bank equity capital
  • $8,792Perpetual preferred stock
  • $338Common stock
  • $534Surplus
  • $7,407Undivided profits
  • Memoranda
  • $513Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $151Average Assets, year-to-date
  • $44,070Average Assets, quarterly
  • $6,674Volatile liabilities
  • $49,003Insider loans
  • $53,402FHLB advances
  • $2,811Loans and leases held for sale
  • $116Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,729Total unused commitments
  • $0Restructured Loans and leases
  • $32,122Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $3,568Total interest income
  • $1,489Total interest expense
  • $2,079Net interest income
  • $24Provision for loan and lease losses
  • $574Total noninterest income
  • $0Fiduciary activities
  • $480Service charges on deposit accounts
  • $0Trading account gains & fees
  • $94Additional noninterest income
  • $1,816Total noninterest expense
  • $801Salaries and employee benefits
  • $265Premises and equipment expense
  • $750Additional noninterest expense
  • $813Pre-tax net operating income
  • $0Securities gains (losses)
  • $396Applicable income taxes
  • $417Income before extraordinary items
  • $0Extraordinary gains - net
  • $417Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.67%Yield on earning assets
  • 3.62%Cost of funding earning assets
  • 5.05%Net interest margin
  • 1.40%Noninterest income to earning assets
  • 4.41%Noninterest expense to earning assets
  • 0.85%Net operating income to assets
  • 0.85%Return on assets (ROA)
  • 1.66%Pretax return on assets
  • 4.88%Return on equity (ROE)
  • 4.88%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 1200.00%Credit loss provision to net charge-offs
  • 418.50%Efficiency ratio
  • 60,988Assets per employee
  • 2.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 64.10%Net loans and leases to core deposits
  • 68.61%Equity capital to assets
  • 16.85%Core capital (leverage) ratio
  • 8.07%Tier 1 risk-based capital ratio
  • 12.46%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $49,003Average earning assets
  • $8,552Average equity
  • $41,133Average loans

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