Western Bank in St. Paul, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Western Bank in St. Paul, Minnesota (MN)
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Western Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 72Total employees (full-time equivalent)
  • $384,264Total assets
  • $56,565Cash and due from depository institutions
  • $47,887Interest-bearing balances
  • $57,647Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $259,208Net loans & leases
  • $4,795Loan loss allowance
  • $0Trading account assets
  • $4,948Bank premises and fixed assets
  • $2,789Other real estate owned
  • $0Goodwill and other intangibles
  • $384,264Life insurance assets
  • $3,107All other assets
  • $335,767Total liabilities and capital
  • $329,697Total liabilities
  • $237,441Total deposits
  • $329,697Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 1597.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,473Subordinated debt
  • $48,497All other liabilities
  • $48,497Total equity capital
  • $48,497Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $30,700Surplus
  • $17,497Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,029Income earned, not collected on loans
  • $0Earning assets
  • $1,354Long-term assets (5+ years)
  • $364,742Average Assets, year-to-date
  • $66,896Average Assets, quarterly
  • $371,908Volatile liabilities
  • $386,008Insider loans
  • $284,268FHLB advances
  • $381,435Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $46,217Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $67,423Restructured Loans and leases
  • $162Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,084Total interest income
  • $1,645Total interest expense
  • $17,439Net interest income
  • $1,675Provision for loan and lease losses
  • $1,415Total noninterest income
  • $0Fiduciary activities
  • $1,208Service charges on deposit accounts
  • $0Trading account gains & fees
  • $207Additional noninterest income
  • $11,019Total noninterest expense
  • $6,999Salaries and employee benefits
  • $435Premises and equipment expense
  • $3,585Additional noninterest expense
  • $6,160Pre-tax net operating income
  • $74Securities gains (losses)
  • $5Applicable income taxes
  • $6,229Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,229Net income attributable to bank
  • $0Net charge-offs
  • $6,229Cash dividends
  • $3,078Sale, conversion, retirement of capital stock, net
  • $5,277Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.41%Yield on earning assets
  • 0.47%Cost of funding earning assets
  • 4.94%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 3.12%Noninterest expense to earning assets
  • 1.65%Net operating income to assets
  • 1.67%Return on assets (ROA)
  • 1.68%Pretax return on assets
  • 13.25%Return on equity (ROE)
  • 2.02%Retained earnings to average equity (YTD only)
  • 1.12%Net charge-offs to loans
  • 54.42%Credit loss provision to net charge-offs
  • 2.55%Efficiency ratio
  • 58,444Assets per employee
  • 5.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 84.72%Loss allowance to loans
  • 1.82%Loss allowance to noncurrent loans
  • 465.99%Noncurrent assets plus other real estate owned to assets
  • 0.99%Noncurrent loans to loans
  • 0.39%Net loans and leases to deposits
  • 78.62%Net loans and leases to core deposits
  • 84.31%Equity capital to assets
  • 12.62%Core capital (leverage) ratio
  • 12.12%Tier 1 risk-based capital ratio
  • 16.26%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $371,908Average earning assets
  • $47,023Average equity
  • $352,661Average loans

List of branches

  • 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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