Greetings!
I hope that you will find this newsletter informative and timely. Let us know your feedback. |
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Minnesota Banking Results Year-end 2010
2010 quarter to quarter numbers have largely stabilized. When compared to 2007, the industry still has a long way to go to get back to any sense of normalcy. The OREO, Charge-offs and non performing asset numbers are still historically high. Past due loans are still over 3% (3.14%) which indicates that the state has not yet turned the corner.
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In Millions |
12/31/2010 |
12/31/2009 |
12/31/2008 |
12/31/2007 | |
Banks Reporting |
404 |
414 |
431 |
443 | |
Equity Capital |
6162 |
6146 |
7,706 |
8,809 | |
OREO |
1,132 |
943 |
586 |
261 | |
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% Unprofitable |
22% |
28% |
17% |
13% | |
% w/Earnings Gain |
58% |
30% |
33% |
43% | |
Pre Tax ROA |
.37% |
.14% |
.76% |
1.78% | |
Net Charge-offs to Loans & Leases |
1.20% |
1.35% |
.76% |
.30% | |
Non Perf Assets to Assets |
3.95 |
3.71% |
2.73% |
1.21% |
(Financial information taken from the FDIC call report information) |
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Why Does your Bank Need Cyber Insurance?
AiA's top 5 list of Cyber exposures looking to assault your bank:
- Online theft
- Electronic Vandalism
- Copyright infringement
- Computer virus transmission by e-mail or website connections.
- Stolen customer data
The price of an insurance policy may be cost effective when you consider the potential devastating financial impact of a major data loss or security breach. Most banks by now have a strong data loss policy and procedure in place which helps to keep the the cost of insurance reasonable. Although cyber liability insurance has been available for over ten years, more of these insurance policies are being offered at better prices today. |
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How Does Your Bank Rank?
AiA recently performed a Google search for "Business Bank St. Paul MN". Even if St. Paul is not one of your markets, you may still find this interesting. Here are the first 10 bank websites that Google presented in the Organic (Free) Listings:
- Western Bank
- Park Midway Bank
- Drake Bank
- American Bank
- Capital Bank
- US Bank
- First Farmers & Merchants
- Agri Bank
- University National Bank
- The Business Bank
*Here are the top 4 influences of your bank's ranking in Google:
- A large number of inbound links (your web address being listed on other websites)
- Key search words (business bank etc.) in your web-site content and Meta tags
- A large number of public pages on your site
- Positive reviews of your business in Google, Yahoo, Yelp, etc.
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*A few additional ways to increase your rankings:
- Use the key search words in your root domain name (www.businessXYZbank.com)
- Add a Blog for news, events and information
- Update your website often
*Provided courtesy of First Scribe out of Minneapolis, experts in web design, web development and SEO (search engine marketing). www.FirstScribe.com. |
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Twins Trivia
1) Harmon is the all time Twins home run leader. Who is second?
2) Which Twins reliever recorded the last regular season win at the Metrodome?
3) How many losing seasons did the Twins have in the decade of 2000?
4) Which pitcher holds the career records for strikeouts in a Twins uniform?
5) Who holds the team record of scoring 140 runs in a season?
Find answers below |
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