ANCHOR BANK FARMINGTON, NATIONAL ASSOCIATION in Farmington, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 14, 2008

  • ANCHOR BANK FARMINGTON, NATIONAL ASSOCIATION in Farmington, Minnesota (MN)
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ANCHOR BANK FARMINGTON, NATIONAL ASSOCIATION - Overview

  • General
  • FDIC Certificate #: 5147
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Anchor Bank, National Association (#8868)
    Federal Reserve ID: 939959
    Date Established: Febuary 01, 1894
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 3447
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 14, 2008
    Last Structure Change Process Date: November 26, 2008
    Last Data Update: November 26, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 324 Oak Street, Farmington, MN 55024
    County: Dakota
    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)
  • Financial Summary
  • Total assets: $123.8 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, 2007)

  • Dollar figures in thousands
  • 39Total employees (full-time equivalent)
  • $120,448Total assets
  • $4,179Cash and due from depository institutions
  • $26Interest-bearing balances
  • $6,603Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $99,969Net loans & leases
  • $1,675Loan loss allowance
  • $0Trading account assets
  • $4,989Bank premises and fixed assets
  • $467Other real estate owned
  • $1,432Goodwill and other intangibles
  • $1,656Life insurance assets
  • $2,809All other assets
  • $120,448Total liabilities and capital
  • $109,331Total liabilities
  • $104,917Total deposits
  • $84,318Interest-bearing deposits
  • $104,917Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,351Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,063All other liabilities
  • $11,117Total equity capital
  • $11,117Total bank equity capital
  • $11,117Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $6,405Undivided profits
  • Memoranda
  • $4,512Noncurrent loans and leases
  • $23,028Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $740Earning assets
  • $0Long-term assets (5+ years)
  • $569Average Assets, year-to-date
  • $106,598Average Assets, quarterly
  • $14,531Volatile liabilities
  • $117,491Insider loans
  • $119,596FHLB advances
  • $18,791Loans and leases held for sale
  • $1,996Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $864Total risk weighted assets
  • $23,028Total unused commitments
  • $0Restructured Loans and leases
  • $1,361Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $7,899Total interest income
  • $3,009Total interest expense
  • $4,890Net interest income
  • $665Provision for loan and lease losses
  • $1,655Total noninterest income
  • $0Fiduciary activities
  • $977Service charges on deposit accounts
  • $0Trading account gains & fees
  • $678Additional noninterest income
  • $5,677Total noninterest expense
  • $2,525Salaries and employee benefits
  • $845Premises and equipment expense
  • $2,307Additional noninterest expense
  • $203Pre-tax net operating income
  • $0Securities gains (losses)
  • $8Applicable income taxes
  • $195Income before extraordinary items
  • $0Extraordinary gains - net
  • $195Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $198Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.65%Yield on earning assets
  • 2.91%Cost of funding earning assets
  • 4.73%Net interest margin
  • 1.60%Noninterest income to earning assets
  • 5.50%Noninterest expense to earning assets
  • 0.17%Net operating income to assets
  • 0.17%Return on assets (ROA)
  • 0.17%Pretax return on assets
  • 1.77%Return on equity (ROE)
  • 1.77%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 335.86%Credit loss provision to net charge-offs
  • 4.38%Efficiency ratio
  • 86,738Assets per employee
  • 3.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.65%Loss allowance to noncurrent loans
  • 226.35%Noncurrent assets plus other real estate owned to assets
  • 1.00%Noncurrent loans to loans
  • 0.73%Net loans and leases to deposits
  • 95.28%Net loans and leases to core deposits
  • 111.73%Equity capital to assets
  • 9.23%Core capital (leverage) ratio
  • 8.16%Tier 1 risk-based capital ratio
  • 8.89%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $117,491Average earning assets
  • $11,036Average equity
  • $103,278Average loans

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