FDIC Certificate #: 24055 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:U.S. Trust Company (#33822) Federal Reserve ID: 8855 Date Established: October 13, 1982 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 16767 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: October 13, 1982 Last Structure Change Effective Date: May 01, 2001 Last Structure Change Process Date: May 15, 2001 Last Data Update: May 15, 2001 Data Source Date: April 05, 2012
Location
Address: 730 Second Avenue South, Minneapolis, MN 55402 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: $98.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
70Total employees (full-time equivalent)
$112,264Total assets
$4,258Cash and due from depository institutions
$0Interest-bearing balances
$14,597Securities
$26,364Federal funds sold & reverse repurchase agreements
$64,110Net loans & leases
$842Loan loss allowance
$0Trading account assets
$1,577Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,358All other assets
$112,264Total liabilities and capital
$100,859Total liabilities
$97,793Total deposits
$83,887Interest-bearing deposits
$97,793Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$500Other borrowed funds
$0Subordinated debt
$2,566All other liabilities
$11,405Total equity capital
$11,405Total bank equity capital
$11,405Perpetual preferred stock
$0Common stock
$625Surplus
$7,875Undivided profits
Memoranda
$2,905Noncurrent loans and leases
$44,183Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1Earning assets
$0Long-term assets (5+ years)
$361Average Assets, year-to-date
$105,071Average Assets, quarterly
$429Volatile liabilities
$108,796Insider loans
$109,973FHLB advances
$2,947Loans and leases held for sale
$646Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$44,183Total unused commitments
$0Restructured Loans and leases
$842Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$8,298Total interest income
$3,840Total interest expense
$4,458Net interest income
$0Provision for loan and lease losses
$11,451Total noninterest income
$0Fiduciary activities
$61Service charges on deposit accounts
$0Trading account gains & fees
$11,390Additional noninterest income
$11,799Total noninterest expense
$7,573Salaries and employee benefits
$1,380Premises and equipment expense
$2,846Additional noninterest expense
$4,110Pre-tax net operating income
$0Securities gains (losses)
$1,681Applicable income taxes
$2,429Income before extraordinary items
$0Extraordinary gains - net
$2,429Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$20Sale, conversion, retirement of capital stock, net
$834Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.13%Yield on earning assets
3.76%Cost of funding earning assets
4.37%Net interest margin
11.22%Noninterest income to earning assets
11.56%Noninterest expense to earning assets
2.23%Net operating income to assets
2.23%Return on assets (ROA)
3.78%Pretax return on assets
23.57%Return on equity (ROE)
15.48%Retained earnings to average equity (YTD only)
-0.03%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
74,166Assets per employee
1.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
34.34%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
84200.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
65.56%Net loans and leases to core deposits
67.24%Equity capital to assets
10.16%Core capital (leverage) ratio
10.59%Tier 1 risk-based capital ratio
13.34%Total risk-based capital ratio
Memoranda
$14Average assets
$108,796Average earning assets
$10,305Average equity
$102,037Average loans
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