FDIC Certificate #: 34171 Status: Active Federal Reserve ID: 2391588 Bank Holding Company (Regulatory Top Holder): Olmsted Holding Corporation (RSSDID: 3153260, Location: Rochester, MN) Date Established: May 09, 1996 WWW:http://www.bankononb.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 56828 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: May 09, 1996 Last Structure Change Effective Date: April 10, 2006 Last Structure Change Process Date: January 24, 2007 Last Data Update: January 24, 2007 Data Source Date: April 05, 2012
Location
Address: 975 34th Avenue Nw, Rochester, MN 55901 County: Olmsted 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): Rochester, MN (#6820) Core Based Statistical Area (CBSA): Rochester, MN (#40340) CBSA Metro Statistical Area: Rochester, MN (#40340)
History of Changes
Change in Location
Financial Summary
Total assets: $51.1 mil Equity capital: $5.0 mil Deposits held in domestic offices: $44.9 mil Return on assets (ROA): -2.63% (-$1.3 mil) Quarterly return on assets: -9.42% (-$4.8 mil) Return on Equity (ROE): -23.53% (-$1.2 mil) Quarterly return on equity: -87.85% (-$4.4 mil) Net income: -$1.4 mil Quarterly Net income: -$1.2 mil Pretax return on assets: -2.63% (-$1,344.4 mil) Quarterly Pretax return on assets: -9.42% (-$4,815.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
16Total employees (full-time equivalent)
$51,118Total assets
$3,765Cash and due from depository institutions
$1,545Interest-bearing balances
$4,504Securities
$2,534Federal funds sold & reverse repurchase agreements
$35,242Net loans & leases
$728Loan loss allowance
$0Trading account assets
$1,073Bank premises and fixed assets
$2,634Other real estate owned
$655Goodwill and other intangibles
$51,118Life insurance assets
$711All other assets
$46,137Total liabilities and capital
$44,882Total liabilities
$38,260Total deposits
$44,882Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,125Trading liabilities
$0Other borrowed funds
$130Subordinated debt
$4,981All other liabilities
$4,981Total equity capital
$4,981Total bank equity capital
$0Perpetual preferred stock
$200Common stock
$9,042Surplus
$-4,261Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$148Income earned, not collected on loans
$0Earning assets
$145Long-term assets (5+ years)
$43,825Average Assets, year-to-date
$4,659Average Assets, quarterly
$53,925Volatile liabilities
$52,414Insider loans
$37,462FHLB advances
$51,372Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,246Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,507Restructured Loans and leases
$110Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,646Total interest income
$642Total interest expense
$2,004Net interest income
$0Provision for loan and lease losses
$446Total noninterest income
$0Fiduciary activities
$56Service charges on deposit accounts
$0Trading account gains & fees
$390Additional noninterest income
$3,910Total noninterest expense
$1,105Salaries and employee benefits
$750Premises and equipment expense
$2,055Additional noninterest expense
-$1,460Pre-tax net operating income
$44Securities gains (losses)
$2Applicable income taxes
-$1,418Income before extraordinary items
$0Extraordinary gains - net
-$1,418Net income attributable to bank
$0Net charge-offs
-$1,418Cash dividends
$116Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.82%Yield on earning assets
1.41%Cost of funding earning assets
4.41%Net interest margin
0.98%Noninterest income to earning assets
8.61%Noninterest expense to earning assets
-2.71%Net operating income to assets
-2.63%Return on assets (ROA)
-2.63%Pretax return on assets
-23.53%Return on equity (ROE)
-23.53%Retained earnings to average equity (YTD only)
0.30%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
-12.59%Efficiency ratio
112,122Assets per employee
3.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.02%Loss allowance to noncurrent loans
491.89%Noncurrent assets plus other real estate owned to assets
5.44%Noncurrent loans to loans
0.41%Net loans and leases to deposits
78.52%Net loans and leases to core deposits
80.37%Equity capital to assets
9.74%Core capital (leverage) ratio
8.27%Tier 1 risk-based capital ratio
11.33%Total risk-based capital ratio
Memoranda
$13Average assets
$53,925Average earning assets
$6,027Average equity
$45,428Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
56828
Olmsted National Bank
975 34th Avenue Nw, Rochester, MN 55901
May 09, 1996
Full Service Brick and Mortar
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