FDIC Certificate #: 58818 Status: Active Federal Reserve ID: 3686928 Bank Holding Company (Regulatory Top Holder): Heartland Financial Usa, Inc. (RSSDID: 1206546, Location: Dubuque, IA) Date Established: April 15, 2008 WWW:http://www.mnbankandtrust.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 469351 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: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: April 15, 2008 Last Structure Change Effective Date: April 16, 2008 Last Structure Change Process Date: March 04, 2009 Last Data Update: March 04, 2009 Data Source Date: April 05, 2012
Location
Address: 7701 France Avenue South, Edina, MN 55435 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: $81.5 mil Equity capital: $13.9 mil Deposits held in domestic offices: $66.9 mil Return on assets (ROA): -0.26% (-$0.2 mil) Quarterly return on assets: -0.80% (-$0.6 mil) Return on Equity (ROE): -1.31% (-$0.2 mil) Quarterly return on equity: -4.50% (-$0.6 mil) Net income: -$0.2 mil Quarterly Net income: -$0.2 mil Pretax return on assets: -0.53% (-$431.7 mil) Quarterly Pretax return on assets: -1.35% (-$1,099.7 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
23Total employees (full-time equivalent)
$81,457Total assets
$1,912Cash and due from depository institutions
$5Interest-bearing balances
$16,223Securities
$2,400Federal funds sold & reverse repurchase agreements
$57,470Net loans & leases
$587Loan loss allowance
$0Trading account assets
$278Bank premises and fixed assets
$1,640Other real estate owned
$0Goodwill and other intangibles
$81,457Life insurance assets
$1,534All other assets
$67,589Total liabilities and capital
$66,874Total liabilities
$44,550Total deposits
$66,874Interest-bearing deposits
$70Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$715Subordinated debt
$13,868All other liabilities
$13,868Total equity capital
$13,868Total bank equity capital
$0Perpetual preferred stock
$165Common stock
$14,015Surplus
$-312Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$6Income earned, not collected on loans
$0Earning assets
$261Long-term assets (5+ years)
$76,098Average Assets, year-to-date
$17,962Average Assets, quarterly
$68,942Volatile liabilities
$78,239Insider loans
$67,259FHLB advances
$80,382Loans and leases held for sale
$680Unused loan commitments
$680Tier 1 (core) risk-based capital
$13,290Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$38,983Restructured Loans and leases
$158Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,272Total interest income
$328Total interest expense
$2,944Net interest income
$299Provision for loan and lease losses
$483Total noninterest income
$223Fiduciary activities
$111Service charges on deposit accounts
$0Trading account gains & fees
$149Additional noninterest income
$3,575Total noninterest expense
$2,120Salaries and employee benefits
$320Premises and equipment expense
$1,135Additional noninterest expense
-$447Pre-tax net operating income
$82Securities gains (losses)
-$184Applicable income taxes
-$181Income before extraordinary items
$0Extraordinary gains - net
-$181Net income attributable to bank
$0Net charge-offs
-$181Cash dividends
$277Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.09%Yield on earning assets
0.51%Cost of funding earning assets
4.58%Net interest margin
0.75%Noninterest income to earning assets
5.56%Noninterest expense to earning assets
-0.34%Net operating income to assets
-0.26%Return on assets (ROA)
-0.53%Pretax return on assets
-1.31%Return on equity (ROE)
-1.31%Retained earnings to average equity (YTD only)
0.61%Net charge-offs to loans
107.94%Credit loss provision to net charge-offs
-0.53%Efficiency ratio
104,319Assets per employee
3.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.01%Loss allowance to noncurrent loans
9783.33%Noncurrent assets plus other real estate owned to assets
2.02%Noncurrent loans to loans
0.01%Net loans and leases to deposits
85.94%Net loans and leases to core deposits
86.36%Equity capital to assets
17.02%Core capital (leverage) ratio
16.53%Tier 1 risk-based capital ratio
19.76%Total risk-based capital ratio
Memoranda
$21Average assets
$68,942Average earning assets
$13,828Average equity
$64,297Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Minnesota Bank & Trust.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: