Falcon National Bank in Foley, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Falcon National Bank - Overview

  • 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)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 26Total employees (full-time equivalent)
  • $127,152Total assets
  • $7,402Cash and due from depository institutions
  • $2,792Interest-bearing balances
  • $18,861Securities
  • $7,775Federal funds sold & reverse repurchase agreements
  • $90,614Net loans & leases
  • $1,514Loan loss allowance
  • $0Trading account assets
  • $266Bank premises and fixed assets
  • $755Other real estate owned
  • $0Goodwill and other intangibles
  • $127,152Life insurance assets
  • $1,479All other assets
  • $115,047Total liabilities and capital
  • $114,193Total liabilities
  • $101,376Total deposits
  • $114,193Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $854Subordinated debt
  • $12,105All other liabilities
  • $12,105Total equity capital
  • $12,105Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $9,160Surplus
  • $1,945Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $181Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $559Income earned, not collected on loans
  • $0Earning assets
  • $472Long-term assets (5+ years)
  • $120,042Average Assets, year-to-date
  • $21,659Average Assets, quarterly
  • $121,553Volatile liabilities
  • $124,746Insider loans
  • $87,500FHLB advances
  • $123,663Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,738Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,013Restructured Loans and leases
  • $2,476Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,088Total interest income
  • $1,135Total interest expense
  • $4,953Net interest income
  • $1,730Provision for loan and lease losses
  • $504Total noninterest income
  • $0Fiduciary activities
  • $228Service charges on deposit accounts
  • $0Trading account gains & fees
  • $276Additional noninterest income
  • $3,174Total noninterest expense
  • $1,496Salaries and employee benefits
  • $439Premises and equipment expense
  • $1,239Additional noninterest expense
  • $553Pre-tax net operating income
  • $54Securities gains (losses)
  • $0Applicable income taxes
  • $607Income before extraordinary items
  • $0Extraordinary gains - net
  • $607Net income attributable to bank
  • $0Net charge-offs
  • $607Cash dividends
  • $1,929Sale, conversion, retirement of capital stock, net
  • $212Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.30%Yield on earning assets
  • 0.99%Cost of funding earning assets
  • 4.31%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 2.76%Noninterest expense to earning assets
  • 0.45%Net operating income to assets
  • 0.50%Return on assets (ROA)
  • 0.50%Pretax return on assets
  • 5.07%Return on equity (ROE)
  • 3.30%Retained earnings to average equity (YTD only)
  • 2.07%Net charge-offs to loans
  • 89.68%Credit loss provision to net charge-offs
  • 1.18%Efficiency ratio
  • 58,164Assets per employee
  • 4.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.93%Loss allowance to loans
  • 1.64%Loss allowance to noncurrent loans
  • 270.84%Noncurrent assets plus other real estate owned to assets
  • 1.03%Noncurrent loans to loans
  • 0.61%Net loans and leases to deposits
  • 79.35%Net loans and leases to core deposits
  • 80.62%Equity capital to assets
  • 9.52%Core capital (leverage) ratio
  • 9.49%Tier 1 risk-based capital ratio
  • 13.41%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $121,553Average earning assets
  • $11,976Average equity
  • $114,870Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0366359Falcon National Bank183 Cedar Drive, Foley, MN 56329July 01, 2003Full Service Brick and Mortar
    1462225St. Cloud Branch1010 West St. Germain Street, Saint Cloud, MN 56301March 05, 2007Full Service Brick and Mortar

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