First Advantage Bank in Coon Rapids, Minnesota (MN)



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First Advantage Bank routing number info

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First Advantage Bank
GeneralFDIC Certificate #: 57596
Status: Active
Federal Reserve ID: 3195064
Bank Holding Company (Regulatory Top Holder): First Advantage Bancshares, Inc. (RSSDID: 3195055, Location: Coon Rapids, MN)
Date Established: September 02, 2003
WWW: http://www.firstadvantagebank.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 #: 366281
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: September 02, 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
LocationAddress: 9950 Foley Boulevard Nw, Coon Rapids, MN 55433
County: Anoka
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): Minneapolis-St. Paul, MN-WI (#5120)
Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $62.9 mil
Equity capital: $6.3 mil
Deposits held in domestic offices: $53.3 mil
Return on assets (ROA): 0.20% ($0.1 mil)
Quarterly return on assets: 0.36% ($0.2 mil)
Return on Equity (ROE): 1.99% ($0.1 mil)
Quarterly return on equity: 3.46% ($0.2 mil)
Net income: $0.1 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.33% ($207.6 mil)
Quarterly Pretax return on assets: 0.59% ($371.2 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)
Total employees (full-time equivalent)9
Total assets$62,923
Cash and due from depository institutions$4,440
Interest-bearing balances$2,605
Securities$21,534
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$32,289
Loan loss allowance $559
Trading account assets$0
Bank premises and fixed assets$1,580
Other real estate owned$1,711
Goodwill and other intangibles$0
All other assets$1,369
Life insurance assets$62,923
Total liabilities and capital$56,584
Total liabilities$53,263
Total deposits$44,955
Interest-bearing deposits$53,263
Deposits held in domestic offices$80
% insured (estimated)3251.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $70
All other liabilities $6,339
Total equity capital$6,339
Total bank equity capital$6,339
Perpetual preferred stock$0
Common stock$100
Surplus$7,405
Undivided profits $-1,166
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,557
Earning assets $0
Long-term assets (5+ years) $219
Average Assets, year-to-date $56,428
Average Assets, quarterly $23,947
Volatile liabilities $59,839
Insider loans $61,928
FHLB advances $38,104
Loans and leases held for sale $60,579
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $5,600
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,176
Derivatives$773
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,450
Total interest expense $592
Net interest income $1,858
Provision for loan and lease losses $177
Total noninterest income $118
Fiduciary activities $0
Service charges on deposit accounts $127
Trading account gains & fees $0
Additional noninterest income -$9
Total noninterest expense $1,682
Salaries and employee benefits $942
Premises and equipment expense $136
Additional noninterest expense $604
Pre-tax net operating income $117
Securities gains (losses) $78
Applicable income taxes $78
Income before extraordinary items $117
Extraordinary gains - net $0
Net income attributable to bank $117
Net charge-offs $0
Cash dividends $117
Sale, conversion, retirement of capital stock, net $643
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.56%
Cost of funding earning assets 1.10%
Net interest margin 3.46%
Noninterest income to earning assets 0.22%
Noninterest expense to earning assets 3.13%
Net operating income to assets 0.11%
Return on assets (ROA) 0.20%
Pretax return on assets 0.33%
Return on equity (ROE) 1.99%
Retained earnings to average equity (YTD only) 1.99%
Net charge-offs to loans 1.80%
Credit loss provision to net charge-offs 27.53%
Efficiency ratio0.46%
Assets per employee$85,121
Cash dividends to net income (YTD only)6.99%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.70%
Noncurrent assets plus other real estate owned to assets 21.86%
Noncurrent loans to loans 6.78%
Net loans and leases to deposits7.78%
Net loans and leases to core deposits 60.62%
Equity capital to assets 64.86%
Core capital (leverage) ratio 10.07%
Tier 1 risk-based capital ratio 9.24%
Total risk-based capital ratio 14.70%
Memoranda
Average assets$16
Average earning assets$59,839
Average equity $5,882
Average loans $53,730
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1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0366281First Advantage Bank9950 Foley Boulevard Nw, Coon Rapids, MN 55433September 02, 2003Full Service Brick and Mortar
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