Tradition Capital Bank in Edina, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Tradition Capital Bank in Edina, Minnesota (MN)
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Tradition Capital Bank - Overview

  • General
  • FDIC Certificate #: 58057
    Status: Active
    Federal Reserve ID: 3344321
    Bank Holding Company (Regulatory Top Holder): Tradition Bancshares, Inc. (RSSDID: 3344312, Location: Edina, MN)
    Date Established: July 01, 2005
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 437897
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 01, 2005
    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: 7601 France Avenue South, Suite 140, Edina, MN 55435
    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: $206.8 mil
    Equity capital: $17.5 mil
    Deposits held in domestic offices: $171.8 mil
    Return on assets (ROA): 0.93% ($1.9 mil)
    Quarterly return on assets: 1.15% ($2.4 mil)
    Return on Equity (ROE): 10.17% ($1.7 mil)
    Quarterly return on equity: 13.43% ($2.3 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.93% ($1,922.8 mil)
    Quarterly Pretax return on assets: 1.15% ($2,377.7 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
  • 26Total employees (full-time equivalent)
  • $206,754Total assets
  • $11,656Cash and due from depository institutions
  • $6,668Interest-bearing balances
  • $10,537Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $179,493Net loans & leases
  • $3,831Loan loss allowance
  • $0Trading account assets
  • $422Bank premises and fixed assets
  • $1,408Other real estate owned
  • $0Goodwill and other intangibles
  • $206,754Life insurance assets
  • $3,238All other assets
  • $189,280Total liabilities and capital
  • $171,791Total liabilities
  • $134,054Total deposits
  • $171,791Interest-bearing deposits
  • $70Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,000Trading liabilities
  • $0Other borrowed funds
  • $489Subordinated debt
  • $17,474All other liabilities
  • $17,474Total equity capital
  • $17,474Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $16,157Surplus
  • $1,217Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $20,468Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $209Income earned, not collected on loans
  • $0Earning assets
  • $822Long-term assets (5+ years)
  • $196,698Average Assets, year-to-date
  • $10,710Average Assets, quarterly
  • $183,077Volatile liabilities
  • $200,754Insider loans
  • $167,876FHLB advances
  • $198,659Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,469Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $43,557Restructured Loans and leases
  • $6,621Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,601Total interest income
  • $2,235Total interest expense
  • $7,366Net interest income
  • $750Provision for loan and lease losses
  • $65Total noninterest income
  • $0Fiduciary activities
  • $254Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$189Additional noninterest income
  • $4,980Total noninterest expense
  • $2,985Salaries and employee benefits
  • $472Premises and equipment expense
  • $1,523Additional noninterest expense
  • $1,701Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,701Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,701Net income attributable to bank
  • $0Net charge-offs
  • $1,701Cash dividends
  • $547Sale, conversion, retirement of capital stock, net
  • $496Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.52%Yield on earning assets
  • 1.28%Cost of funding earning assets
  • 4.23%Net interest margin
  • 0.04%Noninterest income to earning assets
  • 2.86%Noninterest expense to earning assets
  • 0.93%Net operating income to assets
  • 0.93%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 10.17%Return on equity (ROE)
  • 7.20%Retained earnings to average equity (YTD only)
  • 0.33%Net charge-offs to loans
  • 137.11%Credit loss provision to net charge-offs
  • 4.48%Efficiency ratio
  • 67,017Assets per employee
  • 7.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 29.16%Loss allowance to loans
  • 2.09%Loss allowance to noncurrent loans
  • 1833.01%Noncurrent assets plus other real estate owned to assets
  • 0.78%Noncurrent loans to loans
  • 0.11%Net loans and leases to deposits
  • 104.48%Net loans and leases to core deposits
  • 138.73%Equity capital to assets
  • 8.45%Core capital (leverage) ratio
  • 8.79%Tier 1 risk-based capital ratio
  • 10.41%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $183,077Average earning assets
  • $16,733Average equity
  • $173,975Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0437897Tradition Capital Bank7601 France Avenue South, Suite 140, Edina, MN 55435July 01, 2005Full Service Brick and Mortar
    1487520Minnetonka Branch4350 Baker Road, Suite 190, Minnetonka, MN 55343December 08, 2008Full Service Brick and Mortar

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