First Minnetonka City Bank in city_name, state_name - Detailed Financial Reports, Location

First Minnetonka City Bank in Minnetonka, Minnesota (MN)
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First Minnetonka City Bank routing number info

First Minnetonka City Bank - Overview

General
FDIC Certificate #: 19188
Status: Active
Federal Reserve ID: 691556
Bank Holding Company (Regulatory Top Holder): First Minnetonka Bancorporation, Inc. (RSSDID: 1125450, Location: Minnetonka, MN)
Date Established: July 27, 1964
WWW: http://www.fmcbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 3, Interstate: No)
OTS Docket #: 12432
FDIC's unique #: 13008
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: All Other Specialization < 1 Billion
Date of Deposit Insurance: July 27, 1964
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: 14550 Excelsior Boulevard, Minnetonka, MN 55345
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)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $190.4 mil
Equity capital: $19.9 mil
Deposits held in domestic offices: $166.7 mil
Return on assets (ROA): 1.22% ($2.3 mil)
Quarterly return on assets: 1.44% ($2.7 mil)
Return on Equity (ROE): 12.35% ($2.5 mil)
Quarterly return on equity: 13.87% ($2.8 mil)
Net income: $2.2 mil
Quarterly Net income: $0.7 mil
Pretax return on assets: 1.22% ($2,322.5 mil)
Quarterly Pretax return on assets: 1.44% ($2,741.3 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, 2011)

Dollar figures in thousands
39Total employees (full-time equivalent)
$190,368Total assets
$12,857Cash and due from depository institutions
$7,548Interest-bearing balances
$60,234Securities
$0Federal funds sold & reverse repurchase agreements
$107,544Net loans & leases
$1,370Loan loss allowance
$0Trading account assets
$3,343Bank premises and fixed assets
$444Other real estate owned
$0Goodwill and other intangibles
$190,367Life insurance assets
$5,946All other assets
$170,479Total liabilities and capital
$166,700Total liabilities
$134,884Total deposits
$166,700Interest-bearing deposits
$93Deposits held in domestic offices
3400.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$379Subordinated debt
$19,888All other liabilities
$19,888Total equity capital
$19,888Total bank equity capital
$0Perpetual preferred stock
$150Common stock
$10,350Surplus
$9,388Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,258Income earned, not collected on loans
$0Earning assets
$703Long-term assets (5+ years)
$175,326Average Assets, year-to-date
$66,056Average Assets, quarterly
$182,149Volatile liabilities
$188,176Insider loans
$123,533FHLB advances
$186,451Loans and leases held for sale
$4,396Unused loan commitments
$4,396Tier 1 (core) risk-based capital
$17,783Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$33,158Restructured Loans and leases
$484Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$7,307Total interest income
$1,260Total interest expense
$6,047Net interest income
$545Provision for loan and lease losses
$1,396Total noninterest income
$0Fiduciary activities
$550Service charges on deposit accounts
$0Trading account gains & fees
$846Additional noninterest income
$4,673Total noninterest expense
$3,135Salaries and employee benefits
$545Premises and equipment expense
$993Additional noninterest expense
$2,225Pre-tax net operating income
$0Securities gains (losses)
$9Applicable income taxes
$2,216Income before extraordinary items
$0Extraordinary gains - net
$2,216Net income attributable to bank
$0Net charge-offs
$2,216Cash dividends
$931Sale, conversion, retirement of capital stock, net
$1,331Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.36%Yield on earning assets
0.75%Cost of funding earning assets
3.60%Net interest margin
0.83%Noninterest income to earning assets
2.79%Noninterest expense to earning assets
1.22%Net operating income to assets
1.22%Return on assets (ROA)
1.22%Pretax return on assets
12.35%Return on equity (ROE)
4.93%Retained earnings to average equity (YTD only)
0.85%Net charge-offs to loans
58.54%Credit loss provision to net charge-offs
2.98%Efficiency ratio
62,784Assets per employee
4.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
60.06%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
60.67%Noncurrent assets plus other real estate owned to assets
1.42%Noncurrent loans to loans
2.07%Net loans and leases to deposits
64.51%Net loans and leases to core deposits
67.64%Equity capital to assets
10.45%Core capital (leverage) ratio
9.54%Tier 1 risk-based capital ratio
14.40%Total risk-based capital ratio
Memoranda
$16Average assets
$182,149Average earning assets
$17,940Average equity
$167,747Average loans

List of branches

4 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	13008	First Minnetonka City Bank	14550 Excelsior Boulevard, Minnetonka, MN 55345	July 27, 1964	Full Service Brick and Mortar
1	247544	Country Village Branch	11500 Highway Seven, Minnetonka, MN 55343	August 24, 1981	Full Service Brick and Mortar
2	438802	Beacon Hill Branch	5330 Beacon Hill Road, Minnetonka, MN 55345	January 04, 2005	Limited Service Retail
3	529738	The Glen	5300 Woodhill Road, Minnetonka, MN 55345	January 02, 2012

First Minnetonka City Bank in Minnetonka, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Minnetonka City Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Minnetonka City Bank in Minnetonka, Minnesota (MN)Overview, Financial Summary, Detailed Financial Reports, Branches

First Minnetonka City Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Minnetonka City Bank in Minnetonka, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches