FDIC Certificate #: 34823 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:First Resource Bank (#58039) Federal Reserve ID: 2646327 Bank Holding Company (Regulatory Top Holder): Lino Lakes Banc Shares, Inc. (RSSDID: 2646318, Location: Forest Lake, MN) Date Established: July 20, 1998 WWW:http://www.pbminn.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Domestic: 3, Interstate: No) FDIC's unique #: 61735 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: July 20, 1998 Last Structure Change Effective Date: January 27, 2012 Last Structure Change Process Date: January 30, 2012 Last Data Update: January 30, 2012 Data Source Date: April 05, 2012
Location
Address: 19810 Headwaters Boulevard, 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: $105.0 mil Equity capital: $1.6 mil Deposits held in domestic offices: $102.8 mil Return on assets (ROA): -5.03% (-$5.3 mil) Quarterly return on assets: -2.45% (-$2.6 mil) Return on Equity (ROE): -137.65% (-$2.8 mil) Quarterly return on equity: -139.00% (-$2.8 mil) Net income: -$5.7 mil Quarterly Net income: -$0.7 mil Pretax return on assets: -5.02% (-$5,272.5 mil) Quarterly Pretax return on assets: -2.44% (-$2,562.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
28Total employees (full-time equivalent)
$105,029Total assets
$4,836Cash and due from depository institutions
$3,739Interest-bearing balances
$10,600Securities
$2,760Federal funds sold & reverse repurchase agreements
$72,127Net loans & leases
$4,219Loan loss allowance
$0Trading account assets
$4,335Bank premises and fixed assets
$8,637Other real estate owned
$0Goodwill and other intangibles
$105,029Life insurance assets
$1,734All other assets
$103,471Total liabilities and capital
$102,833Total liabilities
$91,969Total deposits
$102,833Interest-bearing deposits
$93Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$638Subordinated debt
$1,558All other liabilities
$1,558Total equity capital
$1,558Total bank equity capital
$0Perpetual preferred stock
$1,000Common stock
$14,400Surplus
$-13,842Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$11,407Income earned, not collected on loans
$0Earning assets
$335Long-term assets (5+ years)
$89,226Average Assets, year-to-date
$9,173Average Assets, quarterly
$113,438Volatile liabilities
$108,179Insider loans
$91,257FHLB advances
$107,353Loans and leases held for sale
$786Unused loan commitments
$786Tier 1 (core) risk-based capital
$1,396Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$5,186Restructured Loans and leases
$6,252Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,811Total interest income
$1,760Total interest expense
$3,051Net interest income
$3,833Provision for loan and lease losses
-$1,040Total noninterest income
$0Fiduciary activities
$106Service charges on deposit accounts
$0Trading account gains & fees
-$1,146Additional noninterest income
$4,037Total noninterest expense
$1,546Salaries and employee benefits
$604Premises and equipment expense
$1,887Additional noninterest expense
-$5,859Pre-tax net operating income
$160Securities gains (losses)
$5Applicable income taxes
-$5,704Income before extraordinary items
$0Extraordinary gains - net
-$5,704Net income attributable to bank
$0Net charge-offs
-$5,704Cash dividends
$4,063Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.96%Yield on earning assets
1.82%Cost of funding earning assets
3.15%Net interest margin
-1.07%Noninterest income to earning assets
4.16%Noninterest expense to earning assets
-5.17%Net operating income to assets
-5.03%Return on assets (ROA)
-5.02%Pretax return on assets
-137.65%Return on equity (ROE)
-137.65%Retained earnings to average equity (YTD only)
4.68%Net charge-offs to loans
94.34%Credit loss provision to net charge-offs
-0.50%Efficiency ratio
200,746Assets per employee
3.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.53%Loss allowance to noncurrent loans
36.99%Noncurrent assets plus other real estate owned to assets
19.08%Noncurrent loans to loans
14.94%Net loans and leases to deposits
70.14%Net loans and leases to core deposits
72.92%Equity capital to assets
1.48%Core capital (leverage) ratio
1.30%Tier 1 risk-based capital ratio
1.53%Total risk-based capital ratio
Memoranda
$3Average assets
$113,438Average earning assets
$4,144Average equity
$96,935Average loans
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