Think Mutual Bank in Rochester, Minnesota (MN)
Table of contents:
| Think Mutual Bank | |
|---|---|
| General | FDIC Certificate #: 58536 Status: Active Federal Reserve ID: 936583 Date Established: July 01, 2007 WWW: http://www.thinkbank.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 11 (Domestic: 11, Interstate: No) OTS Docket #: 18037 FDIC's unique #: 455636 Numeric code: 34 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: July 01, 2007 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 5200 Members Parkway, Nw, Rochester, MN 55901 County: Olmsted 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): Rochester, MN (#6820) Core Based Statistical Area (CBSA): Rochester, MN (#40340) CBSA Metro Statistical Area: Rochester, MN (#40340) |
| History of Changes | Change in Primary Regulatory Agency |
| Financial Summary | Total assets: $1,458.5 mil Equity capital: $206.0 mil Deposits held in domestic offices: $1,165.9 mil Return on assets (ROA): 0.45% ($6.6 mil) Quarterly return on assets: 0.46% ($6.7 mil) Return on Equity (ROE): 3.25% ($6.7 mil) Quarterly return on equity: 3.22% ($6.6 mil) Net income: $6.6 mil Quarterly Net income: $1.7 mil Pretax return on assets: 0.76% ($11,084.7 mil) Quarterly Pretax return on assets: 0.76% ($11,084.7 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 273 |
| Total assets | $1,458,515 |
| Cash and due from depository institutions | $29,805 |
| Interest-bearing balances | $20,291 |
| Securities | $527,660 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $839,663 |
| Loan loss allowance | $4,044 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $41,772 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $2,510 |
| All other assets | $17,105 |
| Life insurance assets | $1,458,515 |
| Total liabilities and capital | $1,252,498 |
| Total liabilities | $1,165,949 |
| Total deposits | $1,116,867 |
| Interest-bearing deposits | $1,165,949 |
| Deposits held in domestic offices | $96 |
| % insured (estimated) | 15000.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $60,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $11,549 |
| All other liabilities | $206,017 |
| Total equity capital | $206,017 |
| Total bank equity capital | $206,017 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $0 |
| Undivided profits | $206,017 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $4,360 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $3,698 |
| Average Assets, year-to-date | $1,387,614 |
| Average Assets, quarterly | $0 |
| Volatile liabilities | $1,447,432 |
| Insider loans | $1,448,489 |
| FHLB advances | $697,413 |
| Loans and leases held for sale | $1,448,644 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $198,554 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $308,761 |
| Derivatives | $1,979 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $55,110 |
| Total interest expense | $12,646 |
| Net interest income | $42,464 |
| Provision for loan and lease losses | $2,104 |
| Total noninterest income | $12,435 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $12,435 |
| Total noninterest expense | $41,843 |
| Salaries and employee benefits | $23,092 |
| Premises and equipment expense | $11,446 |
| Additional noninterest expense | $7,305 |
| Pre-tax net operating income | $10,952 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $4,374 |
| Income before extraordinary items | $6,578 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $6,578 |
| Net charge-offs | $0 |
| Cash dividends | $6,578 |
| Sale, conversion, retirement of capital stock, net | $1,484 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.01% |
| Cost of funding earning assets | 0.92% |
| Net interest margin | 3.09% |
| Noninterest income to earning assets | 0.90% |
| Noninterest expense to earning assets | 3.04% |
| Net operating income to assets | 0.45% |
| Return on assets (ROA) | 0.45% |
| Pretax return on assets | 0.76% |
| Return on equity (ROE) | 3.25% |
| Retained earnings to average equity (YTD only) | 3.25% |
| Net charge-offs to loans | 0.17% |
| Credit loss provision to net charge-offs | 141.78% |
| Efficiency ratio | 8.80% |
| Assets per employee | $75,912 |
| Cash dividends to net income (YTD only) | 5.34% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 0.48% |
| Noncurrent assets plus other real estate owned to assets | 92.75% |
| Noncurrent loans to loans | 0.30% |
| Net loans and leases to deposits | 0.52% |
| Net loans and leases to core deposits | 72.02% |
| Equity capital to assets | 72.56% |
| Core capital (leverage) ratio | 14.13% |
| Tier 1 risk-based capital ratio | 13.71% |
| Total risk-based capital ratio | 28.47% |
| Memoranda | |
| Average assets | $29 |
| Average earning assets | $1,447,432 |
| Average equity | $202,164 |
| Average loans | $1,374,843 |
| 11 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 455636 | Think Mutual Bank | 5200 Members Parkway, Nw, Rochester, MN 55901 | July 01, 2007 | Full Service Brick and Mortar |  |
| 1 | 492604 | Rochester Branch | 5201 Members Pkwy Nw, Rochester, MN 55901 | July 01, 2007 | Full Service Brick and Mortar |  |
| 2 | 492605 | West River Pkwy Branch | 4001 West River Pkwy Nw, Rochester, MN 55901 | July 01, 2007 | Full Service Brick and Mortar | |
| 3 | 492606 | Green Meadows Branch | 1698 Greenview Drive Sw, Rochester, MN 55901 | July 01, 2007 | Full Service Brick and Mortar | |
| 4 | 492607 | Rochester Downtown Branch | 25 2nd St Sw, Rochester, MN 55902 | July 01, 2007 | Full Service Brick and Mortar | |
| 5 | 492608 | Ibm Plant Branch | 3605 Hwy 52 North, Rochester, MN 55901 | July 01, 2007 | Full Service Brick and Mortar | |
| 6 | 492609 | Shoppes On Maine Branch | 4638 Maine Avenue Se, Rochester, MN 55904 | June 26, 2008 | Full Service Brick and Mortar | |
| 7 | 492610 | St. Paul Branch | 400 Robert St N, Saint Paul, MN 55101 | July 01, 2007 | Full Service Brick and Mortar | |
| 8 | 492611 | Edina Branch | 6868 France Ave South, Edina, MN 55435 | July 01, 2007 | Full Service Brick and Mortar | |
| 11 | 522004 | Eagan Branch | 4245 Johnny Cake Ridge Rd, Eagan, MN 55122 | January 13, 2011 | Full Service Brick and Mortar | |
| 12 | 522005 | Apple Valley Branch | 15751 Emperor Ave, Apple Valley, MN 55124 | January 13, 2011 | Full Service Brick and Mortar | |
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