Institution Statistics
| Private Bank Minnesota | | FDIC Certificate # | 34144 | | BankRate Report | View | | Year Established | 1996 | | Employees | 32 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $150.32 million | | Loans | $123.60 million | | Deposits | $131.55 million | | Equity Capital | $18.16 million | | Loan Loss Allowance | $2.28 million | | Unbacked Noncurrent Loans | $2.71 million | | Real Estate Owned | $2.49 million |
Historic Data - March 2011 | | Assets | $164.65 million | | Equity Capital | $18.42 million | | Loan Loss Allowance | $3.10 million | | Unbacked Noncurrent Loans | $4.20 million | | Real Estate Owned | $1.01 million |
Profit Margin - Quarterly | | Net Interest Margin | 4.37% | | Return on Assets | 0.12% | | Return on Equity | 0.97% | | Interest Income | $1.64 million |
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Institution Health
Overall Score:
3 out of 5 
| Texas Ratio |  | | The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Private Bank Minnesota had $5.2 million in non-current loans and owned real-estate with $20.44 million in equity and loan loss allowances on hand to cover it. This gives Private Bank Minnesota a Texas Ratio of 25.47% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend | | | The Texas Ratio for Private Bank Minnesota held steady from 24.23% as of March 31, 2011 to 25.47% as of March 31, 2012, resulting in a negative change of 5.10%. This indicates that the balance sheet and financial strength for Private Bank Minnesota has held steady in recent periods. | | Deposit Growth |  | | In the past year, Private Bank Minnesota has decreased its total deposits by -$13.76 million, resulting in -9.47% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Private Bank Minnesota has shown is poor. | | Capitalization |  | | Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Private Bank Minnesota has $150.32 million in assets with $20.44 million in equity, resulting in a capitalization level of 13.60%, which is excellent. |
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Average User Rating:
Private Bank Of Minnesota
I am a physician and have a home equity line of credit through Private Bank Minnesota. I have waited 6 months to write this review because I was so disappointed and didn't want to write in anger. The initial terms and set up of the loan were competitive and professional, however after a refinance, there were substantial problems. Frequently, banks of quality will quickly sign a subordination agreement, because the refinance of the first loan makes their home equity line more secure. Private Bank, however, did not agree to sign this agreement (even though it put them in a better position) unless I was willing to agree to a significantly higher interest rate, negating a portion of the benefit I had from the refinance in the first place. They essentially held up the entire refinance unless I was willing to change their home equity loan to a higher interest rate-- but then if "I was willing to move my checking account to private bank, then we could maintain the same rates-- if you can help us, we will help you" said Tom Cardle, one of the vice presidents of the bank. I thought this was completely petty and unprofessional, which was surprising because I had found him to be quite professional up to that point. I do not want to think about my banking and I expect banks to provide great service, not act entitled to my business. All payments have been on time and I have great credit. I would strongly advise fellow physicians and business owners to look elsewhere for your banking needs. If you want no BS, choose another. I had never really had such a negative interaction with a bank before. We are in the process of purchasing a practice and private bank will certainly not be our choice! I have also noticed that Private Bank Minnesota does not come up on google maps, which is frequently done so that people are not able to view the reviews posted there by consumers! Please look for yourself. I hope this is helpful.