Tradition Capital Bank in Edina, Minnesota (MN)



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Tradition Capital Bank
GeneralFDIC 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
WWW: http://www.traditioncapitalbank.com
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)26
Total assets$206,754
Cash and due from depository institutions$11,656
Interest-bearing balances$6,668
Securities$10,537
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$179,493
Loan loss allowance $3,831
Trading account assets$0
Bank premises and fixed assets$422
Other real estate owned$1,408
Goodwill and other intangibles$0
All other assets$3,238
Life insurance assets$206,754
Total liabilities and capital$189,280
Total liabilities$171,791
Total deposits$134,054
Interest-bearing deposits$171,791
Deposits held in domestic offices$70
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$17,000
Other borrowed funds $0
Subordinated debt $489
All other liabilities $17,474
Total equity capital$17,474
Total bank equity capital$17,474
Perpetual preferred stock$0
Common stock$100
Surplus$16,157
Undivided profits $1,217
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $20,468
Income earned, not collected on loans $209
Earning assets $0
Long-term assets (5+ years) $822
Average Assets, year-to-date $196,698
Average Assets, quarterly $10,710
Volatile liabilities $183,077
Insider loans $200,754
FHLB advances $167,876
Loans and leases held for sale $198,659
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $17,469
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $43,557
Derivatives$6,621
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,601
Total interest expense $2,235
Net interest income $7,366
Provision for loan and lease losses $750
Total noninterest income $65
Fiduciary activities $0
Service charges on deposit accounts $254
Trading account gains & fees $0
Additional noninterest income -$189
Total noninterest expense $4,980
Salaries and employee benefits $2,985
Premises and equipment expense $472
Additional noninterest expense $1,523
Pre-tax net operating income $1,701
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $1,701
Extraordinary gains - net $0
Net income attributable to bank $1,701
Net charge-offs $0
Cash dividends $1,701
Sale, conversion, retirement of capital stock, net $547
Net operating income $496
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.52%
Cost of funding earning assets 1.28%
Net interest margin 4.23%
Noninterest income to earning assets 0.04%
Noninterest expense to earning assets 2.86%
Net operating income to assets 0.93%
Return on assets (ROA) 0.93%
Pretax return on assets 0.93%
Return on equity (ROE) 10.17%
Retained earnings to average equity (YTD only) 7.20%
Net charge-offs to loans 0.33%
Credit loss provision to net charge-offs 137.11%
Efficiency ratio4.48%
Assets per employee$67,017
Cash dividends to net income (YTD only)7.95%
Condition Ratios (%)
Loss allowance to loans 29.16%
Loss allowance to noncurrent loans 2.09%
Noncurrent assets plus other real estate owned to assets 1833.01%
Noncurrent loans to loans 0.78%
Net loans and leases to deposits0.11%
Net loans and leases to core deposits 104.48%
Equity capital to assets 138.73%
Core capital (leverage) ratio 8.45%
Tier 1 risk-based capital ratio 8.79%
Total risk-based capital ratio 10.41%
Memoranda
Average assets$12
Average earning assets$183,077
Average equity $16,733
Average loans $173,975
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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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