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Overview / Commentary
9800 Bren Road East, Suite 200
Minnetonka, MN 55343

Signature Bank (MN) is headquartered in Minnetonka and is the 68th largest bank in the state of Minnesota. It is also the 2,636th largest bank in the nation. It was established in 2003 and as of December of 2013, it had grown to 37 employees at 1 location. Signature Bank (MN) has a B+ health rating.

Reviews (1)

Amazing Bank!

I have had loans and accounts with several well known institutions . It seems banking is all the same even in this period of banking reform with poor customer service and  thousands of uninterpretable loan documents are the standard. This is where Signature Bank is different. Signature Bank provides incredible personal service. The loan application was approximately three pages of easy to understand language. It's hard to believe such a bank exists.



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B

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 December 31, 2013 Signature Bank (MN) had $4.7 million in non-current loans and owned real-estate with $25.36 million in equity and loan loss allowances on hand to cover it. This gives Signature Bank (MN) a Texas Ratio of 18.54% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Signature Bank (MN) experienced no significant changes from 18.69% as of December 31, 2012 to 18.54% as of December 31, 2013, resulting in a positive change of 0.81%.This indicates that the balance sheet and financial strength for Signature Bank (MN) has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Signature Bank (MN) has increased its total deposits by $10.32 million, resulting in 4.99% 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 Signature Bank (MN) has shown is excellent.

Capitalization

GRADE:
B+

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. Signature Bank (MN) has $240.63 million in assets with $25.36 million in equity, resulting in a capitalization level of 10.54%, which is above average.

Institution Statistics

Overall
FDIC Certificate #57631
Year Established2003
Employees37
Primary RegulatorFDIC
Assets and Liabilities
Assets$240.63 million
Loans$191.12 million
Deposits$216.96 million
Equity Capital$21.77 million
Loan Loss Allowance$3.60 million
Unbacked Noncurrent Loans$1.70 million
Real Estate Owned$3.01 million
Historic Data - December 2012
Assets$228.88 million
Equity Capital$20.68 million
Loan Loss Allowance$3.57 million
Unbacked Noncurrent Loans$1.70 million
Real Estate Owned$2.38 million
Profit Margin - Quarterly
Net Interest Margin4.32%
Return on Assets1.32%
Return on Equity14.33%
Interest Income$10.51 million
Rates

Sorry, we do not have rate data for Signature Bank (MN)

Locations


Signature Bank (MN) Locations
Signature Bank9800 Bren Road East, Suite 200Minnetonka, MN 55343