Eastbank
Minneapolis, MN — Domestic Branch of a Domestic Bank
Acquired Jul 2009
Vitals
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Total Assets15.5M -26.3 %
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Total Deposits12.2M -28.6 %
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Total Net Loans11.9M -6.1 %
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Net Income
-
Book Value1.9M -32.5 %
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Book Value x23.8M -32.5 %
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Book Value x35.8M -32.5 %
Balance Sheet Highlights
Financial Highlights | Eastbank | All Insured Commercial Banks in Minnesota |
Balance Sheet $(000) | ||
Total Assets | 15,489 | 109,472 |
Total Net Loans | 11,857 | 77,584 |
Total Deposits | 12,185 | 89,899 |
Total Equity | 1,918 | 11,174 |
Profitability | ||
Net Income | — | 679 |
Return on Average Assets | — | 1.039 |
Return on Average Equity | — | 9.932 |
Net Interest Margin | 3.779 | 3.976 |
Efficiency Ratio | 151.613 | 73.728 |
Noninterest Income/Revenue | 10.718 | |
Balance Sheet Ratios | ||
Loan-to-Deposit | 97.308 | 83.099 |
Securities/Assets | .12 | .251 |
Total Equity/Total Assets | .124 | .102 |
Tangible Equity/Tangible Assets | .107 | .046 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 1,660 | 10,359 |
Tier 2 Capital | — | 997 |
Total Capital | 1,660 | 11,350 |
Total Risk Weighted Assets | 12,007 | 85,144 |
Leverage Ratio | 8.9 | 9.757 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 13.83 | 13.181 |
Total Capital Ratio | 13.83 | 14.302 |
Timeline for Eastbank
Franklin National Bank Of Minneapolis
Eastbank was acquired by Franklin National Bank Of Minneapolis 14 years
View Profile Jul 18 2009University Financial Corp, Gbc Dba Sunrise Banks
University Financial Corp, Gbc Dba Sunrise Banks became a new parent organization for Eastbank.
View Profile Apr 30 2009Eastbank
Eastbank was established 23 years ago and is currently headquartered in Minneapolis, MN.
Aug 28 2000Eastbank Corporation, The
Eastbank Corporation, The became a new parent organization for Eastbank.
View Profile Aug 28 2000Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Franklin National Bank Of Minneapolis | Buyer | 207,298 | Acquisition | Discontinued | 7/18/2009 |
Relationships | Role | Relationship Start | Relationship End |
University Financial Corp, Gbc Dba Sunrise Banks | Parent | 4/30/2009 | 7/17/2009 |
Eastbank Corporation, The | Parent | 8/28/2000 | 4/29/2009 |
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