FDIC Certificate #: 34574 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:MidCountry Bank (#28865) Federal Reserve ID: 2607346 Date Established: September 02, 1997 WWW:http://www.baysidebank.com Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 14251 FDIC's unique #: 60632 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: September 02, 1997 Last Structure Change Effective Date: October 31, 2004 Last Structure Change Process Date: November 03, 2004 Last Data Update: November 03, 2004 Data Source Date: April 05, 2012
Location
Address: 14617 Highway 7, 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)
Financial Summary
Total assets: $226.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
36Total employees (full-time equivalent)
$77,046Total assets
$1,121Cash and due from depository institutions
$0Interest-bearing balances
$0Securities
$3,910Federal funds sold & reverse repurchase agreements
$64,970Net loans & leases
$493Loan loss allowance
$0Trading account assets
$1,476Bank premises and fixed assets
$619Other real estate owned
$2,516Goodwill and other intangibles
$0Life insurance assets
$2,434All other assets
$77,046Total liabilities and capital
$69,662Total liabilities
$56,192Total deposits
$49,757Interest-bearing deposits
$56,192Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$12,500Other borrowed funds
$0Subordinated debt
$970All other liabilities
$7,384Total equity capital
$7,384Total bank equity capital
$7,384Perpetual preferred stock
$0Common stock
$228Surplus
$6,447Undivided profits
Memoranda
$709Noncurrent loans and leases
$10,079Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$49Earning assets
$0Long-term assets (5+ years)
$198Average Assets, year-to-date
$68,880Average Assets, quarterly
$0Volatile liabilities
$56,665Insider loans
$70,885FHLB advances
$32,452Loans and leases held for sale
$0Unused loan commitments
$12,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,079Total unused commitments
$619Restructured Loans and leases
$493Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$2,934Total interest income
$1,141Total interest expense
$1,793Net interest income
$225Provision for loan and lease losses
$706Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$706Additional noninterest income
$4,420Total noninterest expense
$2,372Salaries and employee benefits
$1,099Premises and equipment expense
$949Additional noninterest expense
-$2,146Pre-tax net operating income
$1,692Securities gains (losses)
$1Applicable income taxes
-$455Income before extraordinary items
$0Extraordinary gains - net
-$455Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.71%Yield on earning assets
2.22%Cost of funding earning assets
3.49%Net interest margin
1.37%Noninterest income to earning assets
8.60%Noninterest expense to earning assets
-3.79%Net operating income to assets
-0.80%Return on assets (ROA)
-0.80%Pretax return on assets
-10.47%Return on equity (ROE)
-10.47%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
22500.00%Credit loss provision to net charge-offs
-1921.00%Efficiency ratio
176,871Assets per employee
2.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.75%Loss allowance to noncurrent loans
1006.12%Noncurrent assets plus other real estate owned to assets
0.87%Noncurrent loans to loans
0.07%Net loans and leases to deposits
115.62%Net loans and leases to core deposits
179.28%Equity capital to assets
9.58%Core capital (leverage) ratio
6.03%Tier 1 risk-based capital ratio
9.75%Total risk-based capital ratio
Memoranda
$11Average assets
$56,665Average earning assets
$4,347Average equity
$51,400Average loans
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