Mainstreet Bank
Forest Lake, MN — Non-member Bank
Acquired Aug 2009
Vitals
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Total Assets458.5M 5.4 %
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Total Deposits432.8M 26.2 %
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Total Net Loans225.9M -29.4 %
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Net Income
-
Book Value
-
Book Value x2
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Book Value x3
Balance Sheet Highlights
Financial Highlights | Mainstreet Bank | All Insured Commercial Banks in Minnesota |
Balance Sheet $(000) | ||
Total Assets | 458,533 | 109,472 |
Total Net Loans | 225,866 | 77,584 |
Total Deposits | 432,818 | 89,899 |
Total Equity | — | 11,174 |
Profitability | ||
Net Income | — | 679 |
Return on Average Assets | — | 1.039 |
Return on Average Equity | — | 9.932 |
Net Interest Margin | .397 | 3.976 |
Efficiency Ratio | 505.224 | 73.728 |
Noninterest Income/Revenue | 10.718 | |
Balance Sheet Ratios | ||
Loan-to-Deposit | 52.185 | 83.099 |
Securities/Assets | .325 | .251 |
Total Equity/Total Assets | .102 | |
Tangible Equity/Tangible Assets | .046 | |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | — | 10,359 |
Tier 2 Capital | — | 997 |
Total Capital | — | 11,350 |
Total Risk Weighted Assets | 274,898 | 85,144 |
Leverage Ratio | — | 9.757 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | — | 13.181 |
Total Capital Ratio | — | 14.302 |
Timeline for Mainstreet Bank
Mainstreet Bank was acquired by 14 years
Aug 29 2009Central Bank Home Mortgage Services, Inc.
Central Bank Home Mortgage Services, Inc. became a new subsidiary organization for Mainstreet Bank.
View Profile Jan 01 2002Southview Bank
Acquisition: Mainstreet Bank acquired a new subsidiary, Southview Bank, 22 years
View Profile Nov 16 2001Bancmidwest Corporation
Bancmidwest Corporation became a new parent organization for Mainstreet Bank.
View Profile Jun 12 1981Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Central Bank | Buyer | 1,243,458 | Failure | 8/29/2009 | |
Southview Bank | Seller | 73,025 | Pooling of Interests | Discontinued | 11/16/2001 |
Relationships | Role | Relationship Start | Relationship End |
Bancmidwest Corporation | Parent | 10/5/2001 | 8/28/2009 |
Bancmidwest Corporation | Parent | 6/12/1997 | 10/4/2001 |
Bancmidwest Corporation | Parent | 9/5/1995 | 6/11/1997 |
Bancmidwest Corporation | Parent | 4/12/1994 | 9/4/1995 |
Bancmidwest Corporation | Parent | 12/31/1989 | 4/11/1994 |
Bancmidwest Corporation | Parent | 6/30/1985 | 12/30/1989 |
Bancmidwest Corporation | Parent | 6/30/1983 | 6/29/1985 |
Bancmidwest Corporation | Parent | 6/12/1981 | 6/29/1983 |
Central Bank Home Mortgage Services, Inc. | Subsidary | 6/30/2007 | 8/28/2009 |
Central Bank Home Mortgage Services, Inc. | Subsidary | 1/1/2002 | 6/29/2007 |
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