FDIC Certificate #: 22903 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bremer Bank, National Association (#12923) Federal Reserve ID: 161554 Date Established: July 16, 1979 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 11357 FDIC's unique #: 16011 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: July 16, 1979 Last Structure Change Effective Date: October 11, 1999 Last Structure Change Process Date: October 27, 1999 Last Data Update: October 27, 1999 Data Source Date: April 05, 2012
Location
Address: 11800 Singletree Lane, Eden Prairie, MN 55344 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: $51.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
20Total employees (full-time equivalent)
$52,169Total assets
$2,245Cash and due from depository institutions
$12Interest-bearing balances
$13,566Securities
$3,065Federal funds sold & reverse repurchase agreements
$27,427Net loans & leases
$337Loan loss allowance
$0Trading account assets
$341Bank premises and fixed assets
$0Other real estate owned
$4,755Goodwill and other intangibles
$0Life insurance assets
$770All other assets
$52,169Total liabilities and capital
$43,377Total liabilities
$42,789Total deposits
$32,629Interest-bearing deposits
$42,789Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$588All other liabilities
$8,792Total equity capital
$8,792Total bank equity capital
$8,792Perpetual preferred stock
$338Common stock
$534Surplus
$7,407Undivided profits
Memoranda
$513Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$151Average Assets, year-to-date
$44,070Average Assets, quarterly
$6,674Volatile liabilities
$49,003Insider loans
$53,402FHLB advances
$2,811Loans and leases held for sale
$116Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,729Total unused commitments
$0Restructured Loans and leases
$32,122Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$3,568Total interest income
$1,489Total interest expense
$2,079Net interest income
$24Provision for loan and lease losses
$574Total noninterest income
$0Fiduciary activities
$480Service charges on deposit accounts
$0Trading account gains & fees
$94Additional noninterest income
$1,816Total noninterest expense
$801Salaries and employee benefits
$265Premises and equipment expense
$750Additional noninterest expense
$813Pre-tax net operating income
$0Securities gains (losses)
$396Applicable income taxes
$417Income before extraordinary items
$0Extraordinary gains - net
$417Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.67%Yield on earning assets
3.62%Cost of funding earning assets
5.05%Net interest margin
1.40%Noninterest income to earning assets
4.41%Noninterest expense to earning assets
0.85%Net operating income to assets
0.85%Return on assets (ROA)
1.66%Pretax return on assets
4.88%Return on equity (ROE)
4.88%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
1200.00%Credit loss provision to net charge-offs
418.50%Efficiency ratio
60,988Assets per employee
2.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.21%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
64.10%Net loans and leases to core deposits
68.61%Equity capital to assets
16.85%Core capital (leverage) ratio
8.07%Tier 1 risk-based capital ratio
12.46%Total risk-based capital ratio
Memoranda
$14Average assets
$49,003Average earning assets
$8,552Average equity
$41,133Average loans
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