Think Mutual Bank in Rochester, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Think Mutual Bank in Rochester, Minnesota (MN)
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Think Mutual Bank - Overview

  • General
  • FDIC Certificate #: 58536
    Status: Active
    Federal Reserve ID: 936583
    Date Established: July 01, 2007
    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)

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
  • 273Total employees (full-time equivalent)
  • $1,458,515Total assets
  • $29,805Cash and due from depository institutions
  • $20,291Interest-bearing balances
  • $527,660Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $839,663Net loans & leases
  • $4,044Loan loss allowance
  • $0Trading account assets
  • $41,772Bank premises and fixed assets
  • $0Other real estate owned
  • $2,510Goodwill and other intangibles
  • $1,458,515Life insurance assets
  • $17,105All other assets
  • $1,252,498Total liabilities and capital
  • $1,165,949Total liabilities
  • $1,116,867Total deposits
  • $1,165,949Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 15000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $60,000Trading liabilities
  • $0Other borrowed funds
  • $11,549Subordinated debt
  • $206,017All other liabilities
  • $206,017Total equity capital
  • $206,017Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $206,017Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,360Income earned, not collected on loans
  • $0Earning assets
  • $3,698Long-term assets (5+ years)
  • $1,387,614Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $1,447,432Volatile liabilities
  • $1,448,489Insider loans
  • $697,413FHLB advances
  • $1,448,644Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $198,554Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $308,761Restructured Loans and leases
  • $1,979Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $55,110Total interest income
  • $12,646Total interest expense
  • $42,464Net interest income
  • $2,104Provision for loan and lease losses
  • $12,435Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $12,435Additional noninterest income
  • $41,843Total noninterest expense
  • $23,092Salaries and employee benefits
  • $11,446Premises and equipment expense
  • $7,305Additional noninterest expense
  • $10,952Pre-tax net operating income
  • $0Securities gains (losses)
  • $4,374Applicable income taxes
  • $6,578Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,578Net income attributable to bank
  • $0Net charge-offs
  • $6,578Cash dividends
  • $1,484Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.01%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 3.09%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 3.04%Noninterest expense to earning assets
  • 0.45%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.76%Pretax return on assets
  • 3.25%Return on equity (ROE)
  • 3.25%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 141.78%Credit loss provision to net charge-offs
  • 8.80%Efficiency ratio
  • 75,912Assets per employee
  • 5.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.48%Loss allowance to noncurrent loans
  • 92.75%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.52%Net loans and leases to deposits
  • 72.02%Net loans and leases to core deposits
  • 72.56%Equity capital to assets
  • 14.13%Core capital (leverage) ratio
  • 13.71%Tier 1 risk-based capital ratio
  • 28.47%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $1,447,432Average earning assets
  • $202,164Average equity
  • $1,374,843Average loans

List of branches

  • 11 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0455636Think Mutual Bank5200 Members Parkway, Nw, Rochester, MN 55901July 01, 2007Full Service Brick and Mortar
    1492604Rochester Branch5201 Members Pkwy Nw, Rochester, MN 55901July 01, 2007Full Service Brick and Mortar
    2492605West River Pkwy Branch4001 West River Pkwy Nw, Rochester, MN 55901July 01, 2007Full Service Brick and Mortar
    3492606Green Meadows Branch1698 Greenview Drive Sw, Rochester, MN 55901July 01, 2007Full Service Brick and Mortar
    4492607Rochester Downtown Branch25 2nd St Sw, Rochester, MN 55902July 01, 2007Full Service Brick and Mortar
    5492608Ibm Plant Branch3605 Hwy 52 North, Rochester, MN 55901July 01, 2007Full Service Brick and Mortar
    6492609Shoppes On Maine Branch4638 Maine Avenue Se, Rochester, MN 55904June 26, 2008Full Service Brick and Mortar
    7492610St. Paul Branch400 Robert St N, Saint Paul, MN 55101July 01, 2007Full Service Brick and Mortar
    8492611Edina Branch6868 France Ave South, Edina, MN 55435July 01, 2007Full Service Brick and Mortar
    11522004Eagan Branch4245 Johnny Cake Ridge Rd, Eagan, MN 55122January 13, 2011Full Service Brick and Mortar
    12522005Apple Valley Branch15751 Emperor Ave, Apple Valley, MN 55124January 13, 2011Full Service Brick and Mortar

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