Anchor Bank National Association in Wayzata, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 14, 2009

  • Anchor Bank National Association in Wayzata, Minnesota (MN)
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Anchor Bank National Association - Overview

  • General
  • FDIC Certificate #: 18903
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Anchor Bank, National Association (#8868)
    Federal Reserve ID: 776350
    Date Established: October 08, 1963
    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 #: 12751
    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: October 08, 1963
    Last Structure Change Effective Date: November 14, 2009
    Last Structure Change Process Date: November 24, 2009
    Last Data Update: November 24, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1053 East Wayzata Boulevard, Wayzata, MN 55391
    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)
  • Financial Summary
  • Total assets: $458.3 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, 2008)

  • Dollar figures in thousands
  • 61Total employees (full-time equivalent)
  • $393,230Total assets
  • $13,510Cash and due from depository institutions
  • $1,090Interest-bearing balances
  • $76,879Securities
  • $15,688Federal funds sold & reverse repurchase agreements
  • $268,862Net loans & leases
  • $3,167Loan loss allowance
  • $0Trading account assets
  • $7,619Bank premises and fixed assets
  • $583Other real estate owned
  • $0Goodwill and other intangibles
  • $5,167Life insurance assets
  • $10,089All other assets
  • $393,229Total liabilities and capital
  • $363,551Total liabilities
  • $291,741Total deposits
  • $215,801Interest-bearing deposits
  • $291,741Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $31,855Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $35,500Other borrowed funds
  • $0Subordinated debt
  • $4,455All other liabilities
  • $29,678Total equity capital
  • $29,678Total bank equity capital
  • $29,678Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $1,007Undivided profits
  • Memoranda
  • $27,671Noncurrent loans and leases
  • $88,708Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,063Earning assets
  • $553Long-term assets (5+ years)
  • $1,287Average Assets, year-to-date
  • $362,519Average Assets, quarterly
  • $86,798Volatile liabilities
  • $383,676Insider loans
  • $400,192FHLB advances
  • $52,823Loans and leases held for sale
  • $5,105Unused loan commitments
  • $35,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $88,708Total unused commitments
  • $480Restructured Loans and leases
  • $3,167Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $20,744Total interest income
  • $6,120Total interest expense
  • $14,624Net interest income
  • $1,273Provision for loan and lease losses
  • $2,798Total noninterest income
  • $0Fiduciary activities
  • $1,495Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,303Additional noninterest income
  • $10,422Total noninterest expense
  • $4,291Salaries and employee benefits
  • $1,039Premises and equipment expense
  • $5,092Additional noninterest expense
  • $5,727Pre-tax net operating income
  • -$509Securities gains (losses)
  • $1,822Applicable income taxes
  • $3,396Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,396Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,540Sale, conversion, retirement of capital stock, net
  • $2,150Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.99%Yield on earning assets
  • 1.77%Cost of funding earning assets
  • 4.23%Net interest margin
  • 0.81%Noninterest income to earning assets
  • 3.01%Noninterest expense to earning assets
  • 0.97%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 1.36%Pretax return on assets
  • 11.56%Return on equity (ROE)
  • 4.24%Retained earnings to average equity (YTD only)
  • 0.58%Net charge-offs to loans
  • 82.66%Credit loss provision to net charge-offs
  • 4.55%Efficiency ratio
  • 59,821Assets per employee
  • 6.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 63.31%Loss allowance to loans
  • 1.16%Loss allowance to noncurrent loans
  • 153.51%Noncurrent assets plus other real estate owned to assets
  • 0.67%Noncurrent loans to loans
  • 0.76%Net loans and leases to deposits
  • 92.16%Net loans and leases to core deposits
  • 97.32%Equity capital to assets
  • 7.55%Core capital (leverage) ratio
  • 7.78%Tier 1 risk-based capital ratio
  • 9.65%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $383,676Average earning assets
  • $29,384Average equity
  • $346,073Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $43,051Managed Assets
  • 1Number of Accounts
  • $18,377Personal trust and agency accounts
  • $6,285Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $2,328Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $9,764Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 49Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $24,674Other retirement accounts
  • $0Corporate trust and agency accounts
  • $20,647Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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