Prosperan Bank in Oakdale, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 06, 2009

  • Prosperan Bank in Oakdale, Minnesota (MN)
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Prosperan Bank - Overview

  • General
  • FDIC Certificate #: 35074
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Alerus Financial, National Association (#3931)
    Federal Reserve ID: 2762638
    Date Established: April 06, 1999
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 74649
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 06, 1999
    Last Structure Change Effective Date: November 06, 2009
    Last Structure Change Process Date: November 09, 2009
    Last Data Update: November 09, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 990 Helena 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
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $197.4 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, 2008)

  • Dollar figures in thousands
  • 52Total employees (full-time equivalent)
  • $214,483Total assets
  • $5,459Cash and due from depository institutions
  • $0Interest-bearing balances
  • $36,307Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $163,124Net loans & leases
  • $7,890Loan loss allowance
  • $0Trading account assets
  • $5,329Bank premises and fixed assets
  • $1,663Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,601All other assets
  • $214,483Total liabilities and capital
  • $204,174Total liabilities
  • $178,151Total deposits
  • $162,195Interest-bearing deposits
  • $178,151Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,336Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $20,952Other borrowed funds
  • $0Subordinated debt
  • $1,735All other liabilities
  • $10,309Total equity capital
  • $10,309Total bank equity capital
  • $10,309Perpetual preferred stock
  • $0Common stock
  • $2,829Surplus
  • $14,260Undivided profits
  • Memoranda
  • $-6,780Noncurrent loans and leases
  • $18,731Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $10,836Earning assets
  • $0Long-term assets (5+ years)
  • $935Average Assets, year-to-date
  • $199,431Average Assets, quarterly
  • $35,989Volatile liabilities
  • $219,071Insider loans
  • $216,193FHLB advances
  • $53,673Loans and leases held for sale
  • $3,454Unused loan commitments
  • $20,535Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $18,731Total unused commitments
  • $0Restructured Loans and leases
  • $2,245Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $13,695Total interest income
  • $6,053Total interest expense
  • $7,642Net interest income
  • $6,162Provision for loan and lease losses
  • $433Total noninterest income
  • $0Fiduciary activities
  • $368Service charges on deposit accounts
  • $0Trading account gains & fees
  • $65Additional noninterest income
  • $6,674Total noninterest expense
  • $4,343Salaries and employee benefits
  • $861Premises and equipment expense
  • $1,470Additional noninterest expense
  • -$4,761Pre-tax net operating income
  • -$148Securities gains (losses)
  • $5Applicable income taxes
  • -$4,914Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,914Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $865Sale, conversion, retirement of capital stock, net
  • $120Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.67%Yield on earning assets
  • 2.95%Cost of funding earning assets
  • 3.72%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 3.25%Noninterest expense to earning assets
  • -2.18%Net operating income to assets
  • -2.24%Return on assets (ROA)
  • -2.24%Pretax return on assets
  • -36.84%Return on equity (ROE)
  • -37.74%Retained earnings to average equity (YTD only)
  • 0.51%Net charge-offs to loans
  • 712.37%Credit loss provision to net charge-offs
  • 1.62%Efficiency ratio
  • 82,650Assets per employee
  • 4.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -2.44%Loss allowance to loans
  • 4.61%Loss allowance to noncurrent loans
  • 72.81%Noncurrent assets plus other real estate owned to assets
  • 5.83%Noncurrent loans to loans
  • 6.34%Net loans and leases to deposits
  • 91.57%Net loans and leases to core deposits
  • 113.46%Equity capital to assets
  • 4.81%Core capital (leverage) ratio
  • 5.29%Tier 1 risk-based capital ratio
  • 6.53%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $219,071Average earning assets
  • $13,338Average equity
  • $205,207Average loans

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