FDIC Certificate #: 5078 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bremer Bank, National Association (#12917) Federal Reserve ID: 386254 Date Established: August 28, 1900 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) OTS Docket #: 12762 FDIC's unique #: 3392 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: October 31, 1999 Last Structure Change Process Date: November 12, 1999 Last Data Update: November 12, 1999 Data Source Date: April 05, 2012
Location
Address: 101 Minnesota Avenue North, Aitkin, MN 56431 County: Aitkin 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
Financial Summary
Total assets: $40.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
13Total employees (full-time equivalent)
$42,385Total assets
$988Cash and due from depository institutions
$0Interest-bearing balances
$10,501Securities
$2,955Federal funds sold & reverse repurchase agreements
$25,281Net loans & leases
$324Loan loss allowance
$0Trading account assets
$469Bank premises and fixed assets
$37Other real estate owned
$1,687Goodwill and other intangibles
$0Life insurance assets
$467All other assets
$42,385Total liabilities and capital
$37,594Total liabilities
$37,259Total deposits
$32,557Interest-bearing deposits
$37,259Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$335All other liabilities
$4,791Total equity capital
$4,791Total bank equity capital
$4,791Perpetual preferred stock
$0Common stock
$939Surplus
$3,547Undivided profits
Memoranda
$305Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$30Earning assets
$0Long-term assets (5+ years)
$227Average Assets, year-to-date
$38,737Average Assets, quarterly
$2,831Volatile liabilities
$39,833Insider loans
$41,601FHLB advances
$4,651Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,310Total unused commitments
$0Restructured Loans and leases
$24,044Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$3,041Total interest income
$1,340Total interest expense
$1,701Net interest income
$7Provision for loan and lease losses
$148Total noninterest income
$0Fiduciary activities
$91Service charges on deposit accounts
$0Trading account gains & fees
$57Additional noninterest income
$943Total noninterest expense
$540Salaries and employee benefits
$142Premises and equipment expense
$261Additional noninterest expense
$899Pre-tax net operating income
$0Securities gains (losses)
$374Applicable income taxes
$525Income before extraordinary items
$0Extraordinary gains - net
$525Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$22Sale, conversion, retirement of capital stock, net
$376Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.44%Yield on earning assets
3.72%Cost of funding earning assets
4.72%Net interest margin
0.41%Noninterest income to earning assets
2.62%Noninterest expense to earning assets
1.32%Net operating income to assets
1.32%Return on assets (ROA)
2.26%Pretax return on assets
11.09%Return on equity (ROE)
3.15%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
31.82%Credit loss provision to net charge-offs
41.18%Efficiency ratio
47,107Assets per employee
3.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
71.62%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
1080.00%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.12%Net loans and leases to deposits
67.85%Net loans and leases to core deposits
77.53%Equity capital to assets
11.30%Core capital (leverage) ratio
7.56%Tier 1 risk-based capital ratio
12.68%Total risk-based capital ratio
Memoranda
$14Average assets
$39,833Average earning assets
$4,732Average equity
$36,018Average loans
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