FDIC Certificate #: 58254 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Western Bank & Trust (#19123) Federal Reserve ID: 3417319 Date Established: April 19, 2006 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) FDIC's unique #: 444614 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: April 19, 2006 Last Structure Change Effective Date: August 06, 2011 Last Structure Change Process Date: August 18, 2011 Last Data Update: August 18, 2011 Data Source Date: April 05, 2012
Location
Address: 100 Prairie Center Drive, Eden Prairie, MN 55344 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: $43.1 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
7Total employees (full-time equivalent)
$45,778Total assets
$1,990Cash and due from depository institutions
$61Interest-bearing balances
$736Securities
$8,490Federal funds sold & reverse repurchase agreements
$32,175Net loans & leases
$575Loan loss allowance
$0Trading account assets
$127Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$669Life insurance assets
$2,260All other assets
$45,778Total liabilities and capital
$36,181Total liabilities
$34,157Total deposits
$33,380Interest-bearing deposits
$34,157Deposits held in domestic offices
89.61%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,800Other borrowed funds
$0Subordinated debt
$224All other liabilities
$9,597Total equity capital
$9,597Total bank equity capital
$9,597Perpetual preferred stock
$0Common stock
$100Surplus
$10,900Undivided profits
Memoranda
$-1,403Noncurrent loans and leases
$4,702Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,894Earning assets
$0Long-term assets (5+ years)
$104Average Assets, year-to-date
$41,462Average Assets, quarterly
$8,146Volatile liabilities
$44,135Insider loans
$46,676FHLB advances
$13,576Loans and leases held for sale
$1Unused loan commitments
$1,800Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,702Total unused commitments
$890Restructured Loans and leases
$468Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$2,097Total interest income
$669Total interest expense
$1,428Net interest income
$1,016Provision for loan and lease losses
$33Total noninterest income
$0Fiduciary activities
$3Service charges on deposit accounts
$0Trading account gains & fees
$30Additional noninterest income
$1,264Total noninterest expense
$693Salaries and employee benefits
$240Premises and equipment expense
$331Additional noninterest expense
-$819Pre-tax net operating income
$0Securities gains (losses)
-$316Applicable income taxes
-$503Income before extraordinary items
$0Extraordinary gains - net
-$503Net income attributable to bank
$0Net charge-offs
-$503Cash dividends
$2,089Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.26%Yield on earning assets
1.68%Cost of funding earning assets
3.58%Net interest margin
0.08%Noninterest income to earning assets
3.17%Noninterest expense to earning assets
-1.14%Net operating income to assets
-1.14%Return on assets (ROA)
-1.86%Pretax return on assets
-5.07%Return on equity (ROE)
-5.07%Retained earnings to average equity (YTD only)
5.89%Net charge-offs to loans
48.64%Credit loss provision to net charge-offs
0.09%Efficiency ratio
86,516Assets per employee
6.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.76%Loss allowance to noncurrent loans
30.36%Noncurrent assets plus other real estate owned to assets
4.14%Noncurrent loans to loans
5.78%Net loans and leases to deposits
94.20%Net loans and leases to core deposits
150.48%Equity capital to assets
20.96%Core capital (leverage) ratio
20.56%Tier 1 risk-based capital ratio
25.72%Total risk-based capital ratio
Memoranda
$27Average assets
$44,135Average earning assets
$9,924Average equity
$39,887Average loans
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