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 Flagship Bank Minnesota
Flagship Bank Minnesota
| RSSD ID 83151 | CERTIFICATE 8188 | ABA NUMBER 91907882 |
| 1415 Wayzata Blvd |
Quarter Ended : |
2024-03-31 |
| Wayzata, Minnesota, 55391 |
Updated : |
2024-04-08 |
| Institution Profile |
| Year Opened : |
1875 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
Yes |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Statistical Area (MSA) : |
Minneapolis-St. Paul, MN-WI |
| Number of Employees : |
46 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 332,097 |
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Total Interest Income | 4,329 |
| Total Liabilities | 298,828 |
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Total NonInterest Income | 261 |
| Total Bank Equity Capital | 33,269 |
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Total Interest Expense | 1,421 |
| Total Deposits | 296,958 |
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Total NonInterest Expense | 2,170 |
| Net Loans & Leases | 285,710 |
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Net Income | 897 |
| Loan Loss Allowance | 2,791 |
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Net Charge Offs | (9) |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 36,339 |
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Total loans | 289,352 |
| Total assets for the leverage ratio | 329,644 |
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Loans secured by real estate: | 246,902 |
| Tier 1 Leverage Ratio | 10.15 |
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Commercial and industrial loans | 40,539 |
| Tier 1 Capital Ratio | 13.73 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 14.92 |
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Loans to individuals - Other | 727 |
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:· Flagship Bank Minnesota
