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

This bank is inactive as of April 08, 2002

  • BNC National Bank in Minneapolis, Minnesota (MN)
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BNC National Bank - Overview

  • General
  • FDIC Certificate #: 34123
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BNC National Bank (#57197)
    Federal Reserve ID: 2358769
    Date Established: January 22, 1996
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 15 (Interstate: No)
    FDIC's unique #: 56266
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 22, 1996
    Last Structure Change Effective Date: April 08, 2002
    Last Structure Change Process Date: July 30, 2002
    Last Data Update: July 30, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 333 South Seventh Street, Suite 200, Minneapolis, MN 55402
    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: $543.3 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
  • 190Total employees (full-time equivalent)
  • $573,163Total assets
  • $15,541Cash and due from depository institutions
  • $126Interest-bearing balances
  • $209,141Securities
  • $11,065Federal funds sold & reverse repurchase agreements
  • $306,022Net loans & leases
  • $4,182Loan loss allowance
  • $0Trading account assets
  • $14,521Bank premises and fixed assets
  • $0Other real estate owned
  • $2,017Goodwill and other intangibles
  • $0Life insurance assets
  • $14,856All other assets
  • $573,163Total liabilities and capital
  • $529,585Total liabilities
  • $405,656Total deposits
  • $365,481Interest-bearing deposits
  • $405,656Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $747Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $117,213Other borrowed funds
  • $0Subordinated debt
  • $5,969All other liabilities
  • $43,578Total equity capital
  • $43,578Total bank equity capital
  • $43,578Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $22,689Undivided profits
  • Memoranda
  • $18,389Noncurrent loans and leases
  • $106,844Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,427Earning assets
  • $305Long-term assets (5+ years)
  • $2,956Average Assets, year-to-date
  • $526,354Average Assets, quarterly
  • $135,614Volatile liabilities
  • $563,990Insider loans
  • $567,096FHLB advances
  • $103,635Loans and leases held for sale
  • $2,026Unused loan commitments
  • $117,200Tier 1 (core) risk-based capital
  • $40,000Tier 2 risk-based capital
  • $372Total risk weighted assets
  • $106,844Total unused commitments
  • $0Restructured Loans and leases
  • $4,182Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $38,850Total interest income
  • $23,069Total interest expense
  • $15,781Net interest income
  • $1,556Provision for loan and lease losses
  • $7,261Total noninterest income
  • $286Fiduciary activities
  • $686Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,289Additional noninterest income
  • $17,917Total noninterest expense
  • $9,172Salaries and employee benefits
  • $2,496Premises and equipment expense
  • $6,249Additional noninterest expense
  • $3,569Pre-tax net operating income
  • $1,396Securities gains (losses)
  • $1,546Applicable income taxes
  • $3,419Income before extraordinary items
  • -$113Extraordinary gains - net
  • $3,306Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $962Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.49%Yield on earning assets
  • 4.45%Cost of funding earning assets
  • 3.04%Net interest margin
  • 1.40%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • 0.44%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.86%Pretax return on assets
  • 7.80%Return on equity (ROE)
  • 7.80%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 161.75%Credit loss provision to net charge-offs
  • 5.33%Efficiency ratio
  • 75,710Assets per employee
  • 3.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 94.47%Noncurrent assets plus other real estate owned to assets
  • 0.77%Noncurrent loans to loans
  • 1.43%Net loans and leases to deposits
  • 75.44%Net loans and leases to core deposits
  • 94.81%Equity capital to assets
  • 7.60%Core capital (leverage) ratio
  • 6.98%Tier 1 risk-based capital ratio
  • 9.96%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $563,990Average earning assets
  • $42,393Average equity
  • $518,750Average loans

Total Fiduciary and Related Assets (December 31, 2001)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $22,311Managed Assets
  • 1Number of Accounts
  • $20,803Personal trust and agency accounts
  • $3,964Employee benefit-defined contribution accounts
  • $10,618Employee benefit-defined benefit accounts
  • $556Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $4,201Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $1,464Non-managed Assets
  • 75Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,508Other retirement accounts
  • $0Corporate trust and agency accounts
  • $1,356Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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