Prosperan Bank
Oakdale, MN — Non-member Bank
Acquired Nov 2009
Vitals
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Total Assets197.4M -9.4 %
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Total Deposits182.8M 7.4 %
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Total Net Loans132.0M -22.8 %
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Net Income
-
Book Value
-
Book Value x2
-
Book Value x3
Balance Sheet Highlights
| Financial Highlights | Prosperan Bank | All Insured Commercial Banks in Minnesota |
| Balance Sheet $(000) | ||
| Total Assets | 197,442 | 110,372 |
| Total Net Loans | 132,042 | 77,159 |
| Total Deposits | 182,794 | 90,714 |
| Total Equity | — | 11,303 |
| Profitability | ||
| Net Income | — | 997 |
| Return on Average Assets | — | 1.005 |
| Return on Average Equity | — | 9.544 |
| Net Interest Margin | 3.09 | 3.991 |
| Efficiency Ratio | 124.34 | 73.299 |
| Noninterest Income/Revenue | 12.434 | |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 72.235 | 81.782 |
| Securities/Assets | .126 | .255 |
| Total Equity/Total Assets | .102 | |
| Tangible Equity/Tangible Assets | .048 | |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | — | 10,556 |
| Tier 2 Capital | — | 1,008 |
| Total Capital | — | 11,576 |
| Total Risk Weighted Assets | 154,534 | 84,942 |
| Leverage Ratio | — | 9.752 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | — | 13.344 |
| Total Capital Ratio | — | 14.485 |
Timeline for Prosperan Bank
Prosperan Bank was acquired by 14 years
Nov 07 2009
Alerus Financial, National Association
Prosperan Bank was acquired by Alerus Financial, National Association 14 years
View Profile Nov 07 2009
Prosperan Bank
Prosperan Bank was established 25 years ago and is currently headquartered in Oakdale, MN.
Apr 06 1999
Prosperan Bancshares, Inc.
Prosperan Bancshares, Inc. became a new parent organization for Prosperan Bank.
View Profile Apr 06 1999| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Alerus Financial, National Association | Buyer | 1,933,711 | Failure | 11/7/2009 |
| Relationships | Role | Relationship Start | Relationship End |
| Prosperan Bancshares, Inc. | Parent | 4/6/1999 | 11/6/2009 |
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