First Advantage Bank in Coon Rapids, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • First Advantage Bank in Coon Rapids, Minnesota (MN)
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First Advantage Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 9Total employees (full-time equivalent)
  • $62,923Total assets
  • $4,440Cash and due from depository institutions
  • $2,605Interest-bearing balances
  • $21,534Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $32,289Net loans & leases
  • $559Loan loss allowance
  • $0Trading account assets
  • $1,580Bank premises and fixed assets
  • $1,711Other real estate owned
  • $0Goodwill and other intangibles
  • $62,923Life insurance assets
  • $1,369All other assets
  • $56,584Total liabilities and capital
  • $53,263Total liabilities
  • $44,955Total deposits
  • $53,263Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 3251.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $70Subordinated debt
  • $6,339All other liabilities
  • $6,339Total equity capital
  • $6,339Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $7,405Surplus
  • $-1,166Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,557Income earned, not collected on loans
  • $0Earning assets
  • $219Long-term assets (5+ years)
  • $56,428Average Assets, year-to-date
  • $23,947Average Assets, quarterly
  • $59,839Volatile liabilities
  • $61,928Insider loans
  • $38,104FHLB advances
  • $60,579Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,600Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,176Restructured Loans and leases
  • $773Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,450Total interest income
  • $592Total interest expense
  • $1,858Net interest income
  • $177Provision for loan and lease losses
  • $118Total noninterest income
  • $0Fiduciary activities
  • $127Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$9Additional noninterest income
  • $1,682Total noninterest expense
  • $942Salaries and employee benefits
  • $136Premises and equipment expense
  • $604Additional noninterest expense
  • $117Pre-tax net operating income
  • $78Securities gains (losses)
  • $78Applicable income taxes
  • $117Income before extraordinary items
  • $0Extraordinary gains - net
  • $117Net income attributable to bank
  • $0Net charge-offs
  • $117Cash dividends
  • $643Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.56%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 3.46%Net interest margin
  • 0.22%Noninterest income to earning assets
  • 3.13%Noninterest expense to earning assets
  • 0.11%Net operating income to assets
  • 0.20%Return on assets (ROA)
  • 0.33%Pretax return on assets
  • 1.99%Return on equity (ROE)
  • 1.99%Retained earnings to average equity (YTD only)
  • 1.80%Net charge-offs to loans
  • 27.53%Credit loss provision to net charge-offs
  • 0.46%Efficiency ratio
  • 85,121Assets per employee
  • 6.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.70%Loss allowance to noncurrent loans
  • 21.86%Noncurrent assets plus other real estate owned to assets
  • 6.78%Noncurrent loans to loans
  • 7.78%Net loans and leases to deposits
  • 60.62%Net loans and leases to core deposits
  • 64.86%Equity capital to assets
  • 10.07%Core capital (leverage) ratio
  • 9.24%Tier 1 risk-based capital ratio
  • 14.70%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $59,839Average earning assets
  • $5,882Average equity
  • $53,730Average loans

List of branches

  • 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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