Bremer Bank (merged into Old National Bank)
Bremer Bank reported total assets of $16.4 bn at Q1 2025, its last Call Report before it merged into Old National Bank. The CET1 capital ratio at Bremer Bank was 12.36%, and the uninsured share of Bremer Bank was 38.27%. Source: FDIC Call Reports.
Key takeaways
- Since , Bremer Bank has taken over one institution; the latest was Bremer Trust, National Association on (FDIC Call Reports).
What sets Bremer Bank apart
How large is Bremer Bank?
The balance sheet of Bremer Bank at : assets $16.4 bn, deposits $13.3 bn, net loans $11.7 bn (loans equal to 87.61% of deposits). Securities make up 22.7% of total assets at Bremer Bank. Since , when Bremer Bank held $10.9 bn, its assets grew 51.2%. In the year to , deposits at Bremer Bank rose 2.4% while its total assets rose 2.0%. At , Bremer Bank employed 1,413 full-time equivalent staff across 71 offices, about $11.6 mn of assets per employee and $187.6 mn of deposits per office.
How much funding at Bremer Bank is uninsured?
At Bremer Bank, uninsured deposits (above the FDIC limit) made up 38.27% of domestic deposits at (+0.15 pp on a year earlier). In dollars, Bremer Bank estimated $5.1 bn of uninsured deposits.
Key facts, Q1 2025
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $13.3 bn | $13.0 bn (Q1 2024) | |
| Net loans and leases | $11.7 bn | $11.5 bn (Q1 2024) | |
| Loan-to-deposit ratio | 87.61% | 88.10% (Q1 2024) | |
| Tier 1 leverage ratio | 9.46% | 9.20% (Q1 2024) | |
| Total risk-based capital ratio | 13.24% | 12.75% (Q1 2024) | |
| Net interest margin | 2.95% | 2.73% (Q1 2024) | |
| Return on assets (ROA) | 0.85% | 0.66% (Q1 2024) | |
| Efficiency ratio | 65.54% | 72.06% (Q1 2024) | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $317.9 mn | Narrowed by $33.9 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $211.3 mn | Narrowed by $23.0 mn | |
| Noncurrent loans to total loans | 0.83% | 0.57% (Q1 2024) | |
| Net charge-offs to average loans | 0.51% | -0.01% (Q1 2024) |
US rank of Bremer Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Bremer Bank: assets, deposits and loans
- Total assets $16.4bn
- Deposits $13.3bn
- Net loans $11.7bn
Capital and securities
The CET1 ratio of Bremer Bank stood at 12.36% in , +0.48 pp year on year. Low and high at Bremer Bank since : 10.84% () to 12.64% (). Equity capital of Bremer Bank at : $1.4 bn, or 8.3% of total assets. Bremer Bank also reported a total capital ratio of 13.24% for , and a tier 1 leverage ratio of 9.46%.
On held-to-maturity securities, Bremer Bank carried an unrealized loss of $317.9 mn at , equal to 23.4% of equity capital. The loss narrowed by $33.9 mn over the year. Its deepest point: $432.9 mn in . The available-for-sale portfolio of Bremer Bank showed an unrealized loss of $211.3 mn at ; the loss narrowed by $23.0 mn over the year.
Bremer Bank: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 9.5%
Bremer Bank: unrealized securities gains and losses
- Available for sale -$211mn
- Held to maturity -$318mn
Profitability and loan quality
For the year to , Bremer Bank earned a return on equity of 10.48%; return on assets: 0.85%. Net interest margin at Bremer Bank: 2.95%, +0.22 pp in a year. Bremer Bank net income: $34.8 mn, up 30.5% year on year. The efficiency ratio of Bremer Bank was 65.54%: about 66 cents cost per revenue dollar, against 65 cents at the median peer.
At , noncurrent loans were 0.83% of total loans at Bremer Bank; net charge-offs: 0.51% of average loans. Gross loans and leases at Bremer Bank: $11.8 bn at , against $11.6 bn at .
Bremer Bank: profitability
- Return on equity 10%
- Net interest margin 3.0%
- Return on assets 0.8%
Peer group of Bremer Bank
The peer group of Bremer Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Bremer Bank (national bank) and 0 have head offices in Minnesota. Against them, Bremer Bank shows CET1 ratio 12.36% against a peer median of 13.36%, return on equity 10.48% against a peer median of 8.44% and uninsured deposit share 38.27% against a peer median of 36.74%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Bank of Hope | State nonmember bank | CA | $17.1 bn | 13.80% | 4.37% | 40.11% | |
| Mechanics Bank | State nonmember bank | CA | $16.5 bn | 16.89% | 7.49% | 44.45% | |
| Community Bank | National bank | NY | $16.5 bn | 12.27% | 11.56% | 33.76% | |
| Bremer Bank | National bank | MN | $16.4 bn | 12.36% | 10.48% | 38.27% | |
| First United Bank and Trust Company | State member bank | OK | $16.3 bn | 11.46% | 9.39% | 32.62% | |
| Beal Bank USA | State nonmember bank | NV | $16.3 bn | 52.75% | -1.59% | 39.72% | |
| Banner Bank | State nonmember bank | WA | $16.2 bn | 12.91% | 10.28% | 31.86% | |
. FDIC Call Reports.
Last eight quarters
Two years at Bremer Bank, to : assets $16.2 bn to $16.4 bn, deposits $12.6 bn to $13.3 bn, equity $1.3 bn to $1.4 bn. Staff 1,414 to 1,413.
| Metric | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $16.2 bn | $16.3 bn | $16.3 bn | $16.1 bn | $16.2 bn | $16.1 bn | $16.4 bn | $16.4 bn |
| Total deposits | $12.6 bn | $13.0 bn | $13.1 bn | $13.0 bn | $12.8 bn | $13.5 bn | $13.3 bn | $13.3 bn |
| Bank equity capital | $1.3 bn | $1.3 bn | $1.4 bn | $1.3 bn | $1.3 bn | $1.4 bn | $1.3 bn | $1.4 bn |
| CET1 ratio | 11.98% | 12.08% | 12.02% | 11.88% | 12.05% | 12.36% | 12.10% | 12.36% |
| Return on equity (ROE) | 13.45% | 12.36% | 10.13% | 7.85% | 8.31% | 9.82% | 3.23% | 10.48% |
| Uninsured share of domestic deposits | 39.47% | 39.05% | 37.99% | 38.12% | 37.80% | 39.00% | 38.61% | 38.27% |
| Full-time equivalent employees | 1,414 | 1,421 | 1,436 | 1,435 | 1,432 | 1,413 | 1,417 | 1,413 |
| Number of offices | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Bremer Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Bremer Trust, National Association (FDIC certificate 27120).
- . Merged into Old National Bank (FDIC certificate 3832).
Questions and identifiers
What were the total assets of Bremer Bank?
Bremer Bank reported $16.4 bn at in its Call Report.
Is Bremer Bank the same as its holding company?
No. This page covers Bremer Bank, FDIC certificate 12923; OTTO BREMER TRUST (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Bremer Bank profitable?
Bremer Bank reported net income of $34.8 mn for the year to ; annualized return on equity: 10.48%. So yes: Bremer Bank made a profit over these months.
When is data for Bremer Bank next updated?
Bremer Bank no longer files Call Reports; its data ends at .
Where can I check the figures for Bremer Bank?
In the FDIC BankFind Suite record for certificate 12923, and in the Call Reports of Bremer Bank (RSSD ID 800657) at the FFIEC Central Data Repository.