Associated Bank Minnesota in Minneapolis, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 14, 2002

  • Associated Bank Minnesota in Minneapolis, Minnesota (MN)
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Associated Bank Minnesota - Overview

  • General
  • FDIC Certificate #: 21222
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Associated Bank Minnesota, National Association (#18704)
    Federal Reserve ID: 996354
    Date Established: September 17, 1973
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Interstate: No)
    FDIC's unique #: 14675
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 17, 1973
    Last Structure Change Effective Date: June 14, 2002
    Last Structure Change Process Date: July 18, 2002
    Last Data Update: July 18, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 1801 Riverside Avenue, Minneapolis, MN 55440
    County: Hennepin
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Chicago
    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: $725.3 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, 2001)

  • Dollar figures in thousands
  • 156Total employees (full-time equivalent)
  • $808,392Total assets
  • $97,486Cash and due from depository institutions
  • $0Interest-bearing balances
  • $72,093Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $558,260Net loans & leases
  • $8,452Loan loss allowance
  • $0Trading account assets
  • $1,882Bank premises and fixed assets
  • $0Other real estate owned
  • $73,197Goodwill and other intangibles
  • $0Life insurance assets
  • $5,474All other assets
  • $808,392Total liabilities and capital
  • $676,825Total liabilities
  • $561,966Total deposits
  • $375,038Interest-bearing deposits
  • $561,966Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $108,817Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,512Other borrowed funds
  • $0Subordinated debt
  • $4,530All other liabilities
  • $131,567Total equity capital
  • $131,567Total bank equity capital
  • $131,567Perpetual preferred stock
  • $0Common stock
  • $750Surplus
  • $121,032Undivided profits
  • Memoranda
  • $9,785Noncurrent loans and leases
  • $175,779Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $6,042Earning assets
  • $616Long-term assets (5+ years)
  • $3,169Average Assets, year-to-date
  • $630,353Average Assets, quarterly
  • $26,592Volatile liabilities
  • $731,354Insider loans
  • $763,846FHLB advances
  • $160,149Loans and leases held for sale
  • $3,232Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,280Tier 2 risk-based capital
  • $594Total risk weighted assets
  • $175,779Total unused commitments
  • $144Restructured Loans and leases
  • $7,601Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $48,038Total interest income
  • $16,065Total interest expense
  • $31,973Net interest income
  • $2,321Provision for loan and lease losses
  • $3,345Total noninterest income
  • $0Fiduciary activities
  • $1,603Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,742Additional noninterest income
  • $19,227Total noninterest expense
  • $9,282Salaries and employee benefits
  • $2,213Premises and equipment expense
  • $7,732Additional noninterest expense
  • $13,770Pre-tax net operating income
  • $0Securities gains (losses)
  • $7,151Applicable income taxes
  • $6,619Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,619Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,019Sale, conversion, retirement of capital stock, net
  • $5,600Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.98%Yield on earning assets
  • 2.67%Cost of funding earning assets
  • 5.31%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 3.19%Noninterest expense to earning assets
  • 0.91%Net operating income to assets
  • 0.91%Return on assets (ROA)
  • 1.88%Pretax return on assets
  • 5.11%Return on equity (ROE)
  • 0.79%Retained earnings to average equity (YTD only)
  • 0.38%Net charge-offs to loans
  • 114.96%Credit loss provision to net charge-offs
  • 7.97%Efficiency ratio
  • 42,457Assets per employee
  • 5.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 84.60%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 139.89%Noncurrent assets plus other real estate owned to assets
  • 0.75%Noncurrent loans to loans
  • 1.07%Net loans and leases to deposits
  • 99.34%Net loans and leases to core deposits
  • 109.00%Equity capital to assets
  • 16.28%Core capital (leverage) ratio
  • 8.66%Tier 1 risk-based capital ratio
  • 9.51%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $731,354Average earning assets
  • $129,592Average equity
  • $601,917Average loans

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