BankVista in Sartell, Minnesota (MN)
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| BankVista | |
|---|---|
| General | FDIC Certificate #: 35406 Status: Active Federal Reserve ID: 2849285 Bank Holding Company (Regulatory Top Holder): Abdo Investments, Inc. (RSSDID: 3368185, Location: Edina, MN) Date Established: Febuary 15, 2000 WWW: http://www.bankvista.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 79511 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: Febuary 15, 2000 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 125 Twin Rivers Court, Sartell, MN 56377 County: Stearns Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): St. Cloud, MN (#6980) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): St. Cloud, MN (#41060) CBSA Metro Statistical Area: St. Cloud, MN (#41060) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $111.5 mil Equity capital: $10.0 mil Deposits held in domestic offices: $90.5 mil Return on assets (ROA): 0.60% ($0.7 mil) Quarterly return on assets: 0.85% ($0.9 mil) Return on Equity (ROE): 6.83% ($0.7 mil) Quarterly return on equity: 9.50% ($0.9 mil) Net income: $0.7 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.03% ($1,148.3 mil) Quarterly Pretax return on assets: 1.53% ($1,705.8 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 20 |
| Total assets | $111,487 |
| Cash and due from depository institutions | $12,359 |
| Interest-bearing balances | $10,845 |
| Securities | $0 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $92,820 |
| Loan loss allowance | $1,778 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,524 |
| Other real estate owned | $2,679 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,105 |
| Life insurance assets | $111,487 |
| Total liabilities and capital | $101,506 |
| Total liabilities | $90,527 |
| Total deposits | $82,726 |
| Interest-bearing deposits | $90,527 |
| Deposits held in domestic offices | $88 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $10,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $979 |
| All other liabilities | $9,981 |
| Total equity capital | $9,981 |
| Total bank equity capital | $9,981 |
| Perpetual preferred stock | $0 |
| Common stock | $1 |
| Surplus | $8,692 |
| Undivided profits | $1,288 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $1,587 |
| Income earned, not collected on loans | $1,595 |
| Earning assets | $16 |
| Long-term assets (5+ years) | $317 |
| Average Assets, year-to-date | $103,665 |
| Average Assets, quarterly | $17,656 |
| Volatile liabilities | $110,360 |
| Insider loans | $110,596 |
| FHLB advances | $91,739 |
| Loans and leases held for sale | $110,402 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $9,981 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $13,019 |
| Derivatives | $4,919 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $5,849 |
| Total interest expense | $1,565 |
| Net interest income | $4,284 |
| Provision for loan and lease losses | $1,195 |
| Total noninterest income | $1,002 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $152 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $850 |
| Total noninterest expense | $2,951 |
| Salaries and employee benefits | $1,572 |
| Premises and equipment expense | $205 |
| Additional noninterest expense | $1,174 |
| Pre-tax net operating income | $1,140 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $476 |
| Income before extraordinary items | $664 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $664 |
| Net charge-offs | $0 |
| Cash dividends | $664 |
| Sale, conversion, retirement of capital stock, net | $797 |
| Net operating income | $250 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.70% |
| Cost of funding earning assets | 1.52% |
| Net interest margin | 4.17% |
| Noninterest income to earning assets | 0.98% |
| Noninterest expense to earning assets | 2.87% |
| Net operating income to assets | 0.60% |
| Return on assets (ROA) | 0.60% |
| Pretax return on assets | 1.03% |
| Return on equity (ROE) | 6.83% |
| Retained earnings to average equity (YTD only) | 4.26% |
| Net charge-offs to loans | 0.86% |
| Credit loss provision to net charge-offs | 149.94% |
| Efficiency ratio | 2.93% |
| Assets per employee | $55,827 |
| Cash dividends to net income (YTD only) | 5.57% |
| Condition Ratios (%) | |
| Loss allowance to loans | 37.65% |
| Loss allowance to noncurrent loans | 1.88% |
| Noncurrent assets plus other real estate owned to assets | 111.47% |
| Noncurrent loans to loans | 3.83% |
| Net loans and leases to deposits | 1.69% |
| Net loans and leases to core deposits | 102.53% |
| Equity capital to assets | 113.30% |
| Core capital (leverage) ratio | 8.95% |
| Tier 1 risk-based capital ratio | 9.04% |
| Total risk-based capital ratio | 10.88% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $110,360 |
| Average equity | $9,727 |
| Average loans | $102,651 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 79511 | Bankvista | 125 Twin Rivers Court, Sartell, MN 56377 | Febuary 15, 2000 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.