Falcon National Bank in Foley, Minnesota (MN)
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| Falcon National Bank | |
|---|---|
| General | FDIC Certificate #: 57603 Status: Active Federal Reserve ID: 3184228 Bank Holding Company (Regulatory Top Holder): Centra Ventures, Inc. (RSSDID: 3184219, Location: Foley, MN) Date Established: July 01, 2003 WWW: http://www.falconnational.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Domestic: 2, Interstate: No) FDIC's unique #: 366359 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: July 01, 2003 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: 183 Cedar Drive, Foley, MN 56329 County: Benton 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: $127.2 mil Equity capital: $12.1 mil Deposits held in domestic offices: $114.2 mil Return on assets (ROA): 0.50% ($0.6 mil) Quarterly return on assets: 0.31% ($0.4 mil) Return on Equity (ROE): 5.07% ($0.6 mil) Quarterly return on equity: 3.18% ($0.4 mil) Net income: $0.6 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.50% ($635.8 mil) Quarterly Pretax return on assets: 0.31% ($394.2 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 26 |
| Total assets | $127,152 |
| Cash and due from depository institutions | $7,402 |
| Interest-bearing balances | $2,792 |
| Securities | $18,861 |
| Federal funds sold & reverse repurchase agreements | $7,775 |
| Net loans & leases | $90,614 |
| Loan loss allowance | $1,514 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $266 |
| Other real estate owned | $755 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,479 |
| Life insurance assets | $127,152 |
| Total liabilities and capital | $115,047 |
| Total liabilities | $114,193 |
| Total deposits | $101,376 |
| Interest-bearing deposits | $114,193 |
| Deposits held in domestic offices | $94 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $854 |
| All other liabilities | $12,105 |
| Total equity capital | $12,105 |
| Total bank equity capital | $12,105 |
| Perpetual preferred stock | $0 |
| Common stock | $1,000 |
| Surplus | $9,160 |
| Undivided profits | $1,945 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $181 |
| Income earned, not collected on loans | $559 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $472 |
| Average Assets, year-to-date | $120,042 |
| Average Assets, quarterly | $21,659 |
| Volatile liabilities | $121,553 |
| Insider loans | $124,746 |
| FHLB advances | $87,500 |
| Loans and leases held for sale | $123,663 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $11,738 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $14,013 |
| Derivatives | $2,476 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $6,088 |
| Total interest expense | $1,135 |
| Net interest income | $4,953 |
| Provision for loan and lease losses | $1,730 |
| Total noninterest income | $504 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $228 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $276 |
| Total noninterest expense | $3,174 |
| Salaries and employee benefits | $1,496 |
| Premises and equipment expense | $439 |
| Additional noninterest expense | $1,239 |
| Pre-tax net operating income | $553 |
| Securities gains (losses) | $54 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $607 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $607 |
| Net charge-offs | $0 |
| Cash dividends | $607 |
| Sale, conversion, retirement of capital stock, net | $1,929 |
| Net operating income | $212 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.30% |
| Cost of funding earning assets | 0.99% |
| Net interest margin | 4.31% |
| Noninterest income to earning assets | 0.44% |
| Noninterest expense to earning assets | 2.76% |
| Net operating income to assets | 0.45% |
| Return on assets (ROA) | 0.50% |
| Pretax return on assets | 0.50% |
| Return on equity (ROE) | 5.07% |
| Retained earnings to average equity (YTD only) | 3.30% |
| Net charge-offs to loans | 2.07% |
| Credit loss provision to net charge-offs | 89.68% |
| Efficiency ratio | 1.18% |
| Assets per employee | $58,164 |
| Cash dividends to net income (YTD only) | 4.89% |
| Condition Ratios (%) | |
| Loss allowance to loans | 34.93% |
| Loss allowance to noncurrent loans | 1.64% |
| Noncurrent assets plus other real estate owned to assets | 270.84% |
| Noncurrent loans to loans | 1.03% |
| Net loans and leases to deposits | 0.61% |
| Net loans and leases to core deposits | 79.35% |
| Equity capital to assets | 80.62% |
| Core capital (leverage) ratio | 9.52% |
| Tier 1 risk-based capital ratio | 9.49% |
| Total risk-based capital ratio | 13.41% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $121,553 |
| Average equity | $11,976 |
| Average loans | $114,870 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 366359 | Falcon National Bank | 183 Cedar Drive, Foley, MN 56329 | July 01, 2003 | Full Service Brick and Mortar |  |
| 1 | 462225 | St. Cloud Branch | 1010 West St. Germain Street, Saint Cloud, MN 56301 | March 05, 2007 | 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.