Western Bank in St. Paul, Minnesota (MN)



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Western Bank
GeneralFDIC Certificate #: 10203
Status: Active
Federal Reserve ID: 829256
Bank Holding Company (Regulatory Top Holder): Western Bancshares, Inc. (RSSDID: 1124891, Location: Saint Paul, MN)
Date Established: June 11, 1915
WWW: http://www.western-bank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 11744
FDIC's unique #: 6542
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: January 01, 1934
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: 663 University Avenue, St. Paul, MN 55104
County: Ramsey
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: $384.3 mil
Equity capital: $48.5 mil
Deposits held in domestic offices: $329.7 mil
Return on assets (ROA): 1.67% ($6.4 mil)
Quarterly return on assets: 1.77% ($6.8 mil)
Return on Equity (ROE): 13.25% ($6.4 mil)
Quarterly return on equity: 14.24% ($6.8 mil)
Net income: $6.2 mil
Quarterly Net income: $1.7 mil
Pretax return on assets: 1.68% ($6,455.6 mil)
Quarterly Pretax return on assets: 1.77% ($6,801.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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)72
Total assets$384,264
Cash and due from depository institutions$56,565
Interest-bearing balances$47,887
Securities$57,647
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$259,208
Loan loss allowance $4,795
Trading account assets$0
Bank premises and fixed assets$4,948
Other real estate owned$2,789
Goodwill and other intangibles$0
All other assets$3,107
Life insurance assets$384,264
Total liabilities and capital$335,767
Total liabilities$329,697
Total deposits$237,441
Interest-bearing deposits$329,697
Deposits held in domestic offices$89
% insured (estimated)1597.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $4,473
All other liabilities $48,497
Total equity capital$48,497
Total bank equity capital$48,497
Perpetual preferred stock$0
Common stock$300
Surplus$30,700
Undivided profits $17,497
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 $1,029
Earning assets $0
Long-term assets (5+ years) $1,354
Average Assets, year-to-date $364,742
Average Assets, quarterly $66,896
Volatile liabilities $371,908
Insider loans $386,008
FHLB advances $284,268
Loans and leases held for sale $381,435
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $46,217
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $67,423
Derivatives$162
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $19,084
Total interest expense $1,645
Net interest income $17,439
Provision for loan and lease losses $1,675
Total noninterest income $1,415
Fiduciary activities $0
Service charges on deposit accounts $1,208
Trading account gains & fees $0
Additional noninterest income $207
Total noninterest expense $11,019
Salaries and employee benefits $6,999
Premises and equipment expense $435
Additional noninterest expense $3,585
Pre-tax net operating income $6,160
Securities gains (losses) $74
Applicable income taxes $5
Income before extraordinary items $6,229
Extraordinary gains - net $0
Net income attributable to bank $6,229
Net charge-offs $0
Cash dividends $6,229
Sale, conversion, retirement of capital stock, net $3,078
Net operating income $5,277
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.41%
Cost of funding earning assets 0.47%
Net interest margin 4.94%
Noninterest income to earning assets 0.40%
Noninterest expense to earning assets 3.12%
Net operating income to assets 1.65%
Return on assets (ROA) 1.67%
Pretax return on assets 1.68%
Return on equity (ROE) 13.25%
Retained earnings to average equity (YTD only) 2.02%
Net charge-offs to loans 1.12%
Credit loss provision to net charge-offs 54.42%
Efficiency ratio2.55%
Assets per employee$58,444
Cash dividends to net income (YTD only)5.34%
Condition Ratios (%)
Loss allowance to loans 84.72%
Loss allowance to noncurrent loans 1.82%
Noncurrent assets plus other real estate owned to assets 465.99%
Noncurrent loans to loans 0.99%
Net loans and leases to deposits0.39%
Net loans and leases to core deposits 78.62%
Equity capital to assets 84.31%
Core capital (leverage) ratio 12.62%
Tier 1 risk-based capital ratio 12.12%
Total risk-based capital ratio 16.26%
Memoranda
Average assets$18
Average earning assets$371,908
Average equity $47,023
Average loans $352,661
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5 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06542Western Bank663 University Avenue, St. Paul, MN 55104June 11, 1915Full Service Brick and Mortar
1222004Mccarrons Lake Branch1740 North Rice Street, Maplewood, MN 55113March 15, 1982Full Service Brick and Mortar
2222005Oakdale Branch1155 Hadley Avenue North, Oakdale, MN 55128August 05, 1986Full Service Brick and Mortar
3222006Mounds View Branch2711 N.E. Highway 10, Mounds View, MN 55112July 20, 1992Full Service Brick and Mortar
5222008Edina Branch4700 West 77th Street, Edina, MN 55435December 01, 1998Full Service Brick and Mortar
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