Mainstreet Bank in Forest Lake, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 28, 2009

  • Mainstreet Bank in Forest Lake, Minnesota (MN)
  • Show street view No street view available for this location

Mainstreet Bank - Overview

  • General
  • FDIC Certificate #: 1909
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Central Bank (#27234)
    Federal Reserve ID: 371353
    Date Established: March 15, 1903
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Interstate: No)
    OTS Docket #: 15453
    FDIC's unique #: 1274
    Numeric code: 21
    Regulator: FDIC
    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: January 01, 1934
    Last Structure Change Effective Date: August 28, 2009
    Last Structure Change Process Date: September 01, 2009
    Last Data Update: September 01, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1650 South Lake Street, Forest Lake, MN 55025
    County: Washington
    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: $458.5 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
  • 116Total employees (full-time equivalent)
  • $481,434Total assets
  • $28,037Cash and due from depository institutions
  • $9,472Interest-bearing balances
  • $135,328Securities
  • $1,002Federal funds sold & reverse repurchase agreements
  • $279,082Net loans & leases
  • $8,784Loan loss allowance
  • $0Trading account assets
  • $9,439Bank premises and fixed assets
  • $21,498Other real estate owned
  • $0Goodwill and other intangibles
  • $1,882Life insurance assets
  • $7,048All other assets
  • $481,434Total liabilities and capital
  • $460,773Total liabilities
  • $429,381Total deposits
  • $396,247Interest-bearing deposits
  • $429,381Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,239Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $24,497Other borrowed funds
  • $0Subordinated debt
  • $3,656All other liabilities
  • $20,661Total equity capital
  • $20,661Total bank equity capital
  • $20,661Perpetual preferred stock
  • $0Common stock
  • $1,042Surplus
  • $25,171Undivided profits
  • Memoranda
  • $-5,552Noncurrent loans and leases
  • $34,850Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $60,274Earning assets
  • $0Long-term assets (5+ years)
  • $2,217Average Assets, year-to-date
  • $424,884Average Assets, quarterly
  • $82,423Volatile liabilities
  • $447,664Insider loans
  • $472,515FHLB advances
  • $97,265Loans and leases held for sale
  • $2,934Unused loan commitments
  • $24,497Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $34,850Total unused commitments
  • $3,289Restructured Loans and leases
  • $4,105Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $22,784Total interest income
  • $13,459Total interest expense
  • $9,325Net interest income
  • $12,995Provision for loan and lease losses
  • $531Total noninterest income
  • $0Fiduciary activities
  • $1,097Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$566Additional noninterest income
  • $15,470Total noninterest expense
  • $6,709Salaries and employee benefits
  • $1,381Premises and equipment expense
  • $7,380Additional noninterest expense
  • -$18,609Pre-tax net operating income
  • $229Securities gains (losses)
  • $18Applicable income taxes
  • -$18,398Income before extraordinary items
  • $0Extraordinary gains - net
  • -$18,398Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $7,069Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.81%Yield on earning assets
  • 3.43%Cost of funding earning assets
  • 2.38%Net interest margin
  • 0.14%Noninterest income to earning assets
  • 3.95%Noninterest expense to earning assets
  • -4.16%Net operating income to assets
  • -4.11%Return on assets (ROA)
  • -4.11%Pretax return on assets
  • -65.04%Return on equity (ROE)
  • -65.04%Retained earnings to average equity (YTD only)
  • 2.21%Net charge-offs to loans
  • 183.83%Credit loss provision to net charge-offs
  • -0.79%Efficiency ratio
  • 136,435Assets per employee
  • 4.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.05%Loss allowance to noncurrent loans
  • 14.57%Noncurrent assets plus other real estate owned to assets
  • 16.99%Noncurrent loans to loans
  • 20.94%Net loans and leases to deposits
  • 65.00%Net loans and leases to core deposits
  • 79.65%Equity capital to assets
  • 4.29%Core capital (leverage) ratio
  • 3.98%Tier 1 risk-based capital ratio
  • 5.88%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $447,664Average earning assets
  • $28,288Average equity
  • $392,095Average loans

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