The Midway National Bank of St. Paul in St. Paul, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 14, 2002

  • The Midway National Bank of St. Paul in St. Paul, Minnesota (MN)
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The Midway National Bank of St. Paul - Overview

  • General
  • FDIC Certificate #: 5245
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: American Bank of St. Paul (#20843)
    Federal Reserve ID: 798156
    Date Established: October 10, 1927
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 13718
    FDIC's unique #: 3525
    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: September 14, 2002
    Last Structure Change Process Date: October 15, 2002
    Last Data Update: October 15, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 1578 University Avenue, St. Paul, MN 55104
    County: Ramsey
    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: $417.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)

  • Dollar figures in thousands
  • 133Total employees (full-time equivalent)
  • $398,140Total assets
  • $24,076Cash and due from depository institutions
  • $4Interest-bearing balances
  • $73,452Securities
  • $24,175Federal funds sold & reverse repurchase agreements
  • $264,626Net loans & leases
  • $2,700Loan loss allowance
  • $0Trading account assets
  • $6,030Bank premises and fixed assets
  • $758Other real estate owned
  • $520Goodwill and other intangibles
  • $0Life insurance assets
  • $4,503All other assets
  • $398,140Total liabilities and capital
  • $340,585Total liabilities
  • $296,491Total deposits
  • $241,402Interest-bearing deposits
  • $296,491Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $25,395Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $14,756Other borrowed funds
  • $0Subordinated debt
  • $3,943All other liabilities
  • $57,555Total equity capital
  • $57,555Total bank equity capital
  • $57,555Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $2,000Undivided profits
  • Memoranda
  • $54,555Noncurrent loans and leases
  • $45,865Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $171Earning assets
  • $0Long-term assets (5+ years)
  • $1,974Average Assets, year-to-date
  • $362,257Average Assets, quarterly
  • $136,616Volatile liabilities
  • $418,205Insider loans
  • $417,729FHLB advances
  • $42,585Loans and leases held for sale
  • $1,384Unused loan commitments
  • $14,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $45,865Total unused commitments
  • $0Restructured Loans and leases
  • $2,700Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $27,177Total interest income
  • $12,913Total interest expense
  • $14,264Net interest income
  • $102Provision for loan and lease losses
  • $6,532Total noninterest income
  • $1,817Fiduciary activities
  • $1,357Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,358Additional noninterest income
  • $15,530Total noninterest expense
  • $8,866Salaries and employee benefits
  • $2,533Premises and equipment expense
  • $4,131Additional noninterest expense
  • $5,164Pre-tax net operating income
  • $48Securities gains (losses)
  • $1,851Applicable income taxes
  • $3,361Income before extraordinary items
  • $1,761Extraordinary gains - net
  • $5,122Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $53Sale, conversion, retirement of capital stock, net
  • $1,600Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.13%Yield on earning assets
  • 3.39%Cost of funding earning assets
  • 3.74%Net interest margin
  • 1.71%Noninterest income to earning assets
  • 4.07%Noninterest expense to earning assets
  • 0.80%Net operating income to assets
  • 1.22%Return on assets (ROA)
  • 1.67%Pretax return on assets
  • 9.17%Return on equity (ROE)
  • 6.30%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 192.45%Credit loss provision to net charge-offs
  • 99.36%Efficiency ratio
  • 73,740Assets per employee
  • 2.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 31.24%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 1578.95%Noncurrent assets plus other real estate owned to assets
  • 0.23%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 89.25%Net loans and leases to core deposits
  • 94.49%Equity capital to assets
  • 14.46%Core capital (leverage) ratio
  • 13.50%Tier 1 risk-based capital ratio
  • 17.94%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $418,205Average earning assets
  • $55,879Average equity
  • $381,183Average loans

Total Fiduciary and Related Assets (December 31, 2001)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $295,075Managed Assets
  • 1Number of Accounts
  • $267,319Personal trust and agency accounts
  • $205,608Employee benefit-defined contribution accounts
  • $14,907Employee benefit-defined benefit accounts
  • $2,213Other retirement accounts
  • $9,859Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $34,732Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 535Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $27,756Other retirement accounts
  • $2,261Corporate trust and agency accounts
  • $411Other fiduciary accounts
  • $5,529Fiduciary accounts held in foreign offices

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