FDIC Certificate #: 58511 Status: Active Federal Reserve ID: 3538009 Bank Holding Company (Regulatory Top Holder): Platinum Bancorp, Inc. (RSSDID: 3537990, Location: Oakdale, MN) Date Established: Febuary 12, 2007 WWW:http://www.platinumbankmn.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 455065 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: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: Febuary 12, 2007 Last Structure Change Effective Date: December 04, 2007 Last Structure Change Process Date: April 25, 2008 Last Data Update: April 25, 2008 Data Source Date: April 05, 2012
Location
Address: 7667 10th Street North, Oakdale, MN 55128 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)
History of Changes
Change in Location
Financial Summary
Total assets: $133.8 mil Equity capital: $14.2 mil Deposits held in domestic offices: $119.2 mil Return on assets (ROA): 0.94% ($1.3 mil) Quarterly return on assets: 0.00% ($0.0 mil) Return on Equity (ROE): 9.79% ($1.4 mil) Quarterly return on equity: 0.03% ($0.0 mil) Net income: $1.1 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.94% ($1,257.9 mil) Quarterly Pretax return on assets: 0.00% ($0.0 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
14Total employees (full-time equivalent)
$133,815Total assets
$1,851Cash and due from depository institutions
$0Interest-bearing balances
$30,431Securities
$7,750Federal funds sold & reverse repurchase agreements
$86,674Net loans & leases
$1,000Loan loss allowance
$0Trading account assets
$4,166Bank premises and fixed assets
$2,074Other real estate owned
$0Goodwill and other intangibles
$133,815Life insurance assets
$869All other assets
$119,644Total liabilities and capital
$119,180Total liabilities
$102,608Total deposits
$119,180Interest-bearing deposits
$68Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$464Subordinated debt
$14,171All other liabilities
$14,171Total equity capital
$14,171Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$13,713Surplus
$358Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$962Income earned, not collected on loans
$0Earning assets
$487Long-term assets (5+ years)
$124,855Average Assets, year-to-date
$42,202Average Assets, quarterly
$118,377Volatile liabilities
$134,320Insider loans
$87,124FHLB advances
$135,319Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$14,165Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$13,428Restructured Loans and leases
$918Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$6,001Total interest income
$1,532Total interest expense
$4,469Net interest income
$116Provision for loan and lease losses
$274Total noninterest income
$0Fiduciary activities
$208Service charges on deposit accounts
$0Trading account gains & fees
$66Additional noninterest income
$3,831Total noninterest expense
$1,883Salaries and employee benefits
$347Premises and equipment expense
$1,601Additional noninterest expense
$796Pre-tax net operating income
$316Securities gains (losses)
$0Applicable income taxes
$1,112Income before extraordinary items
$0Extraordinary gains - net
$1,112Net income attributable to bank
$0Net charge-offs
$1,112Cash dividends
$274Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.45%Yield on earning assets
1.39%Cost of funding earning assets
4.06%Net interest margin
0.25%Noninterest income to earning assets
3.48%Noninterest expense to earning assets
0.67%Net operating income to assets
0.94%Return on assets (ROA)
0.94%Pretax return on assets
9.79%Return on equity (ROE)
9.79%Retained earnings to average equity (YTD only)
0.32%Net charge-offs to loans
42.34%Credit loss provision to net charge-offs
3.33%Efficiency ratio
80,772Assets per employee
9.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.14%Loss allowance to noncurrent loans
103.95%Noncurrent assets plus other real estate owned to assets
2.27%Noncurrent loans to loans
1.10%Net loans and leases to deposits
72.73%Net loans and leases to core deposits
80.56%Equity capital to assets
10.59%Core capital (leverage) ratio
10.47%Tier 1 risk-based capital ratio
16.26%Total risk-based capital ratio
Memoranda
$17Average assets
$118,377Average earning assets
$11,360Average equity
$110,107Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
455065
Platinum Bank
7667 10th Street North, Oakdale, MN 55128
Febuary 12, 2007
Full Service Brick and Mortar
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