Northview Bank in Sandstone, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Northview Bank - Overview

  • General
  • FDIC Certificate #: 10956
    Status: Active
    Federal Reserve ID: 16551
    Bank Holding Company (Regulatory Top Holder): Finlayson Bancshares, Inc. (RSSDID: 1126037, Location: Finlayson, MN)
    Date Established: January 01, 1908
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 12 (Domestic: 12, Interstate: No)
    OTS Docket #: 10191
    FDIC's unique #: 7013
    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: January 01, 1934
    Last Structure Change Effective Date: March 02, 2012
    Last Structure Change Process Date: March 05, 2012
    Last Data Update: March 05, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 510 Main Street, Sandstone, MN 55072
    County: Pine
    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
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $230.5 mil
    Equity capital: $22.2 mil
    Deposits held in domestic offices: $201.0 mil
    Return on assets (ROA): 0.87% ($2.0 mil)
    Quarterly return on assets: 1.02% ($2.4 mil)
    Return on Equity (ROE): 8.32% ($1.8 mil)
    Quarterly return on equity: 10.80% ($2.4 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.26% ($2,904.6 mil)
    Quarterly Pretax return on assets: 1.55% ($3,573.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 79Total employees (full-time equivalent)
  • $230,524Total assets
  • $18,850Cash and due from depository institutions
  • $13,601Interest-bearing balances
  • $28,316Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $166,509Net loans & leases
  • $2,474Loan loss allowance
  • $0Trading account assets
  • $3,637Bank premises and fixed assets
  • $3,906Other real estate owned
  • $1,393Goodwill and other intangibles
  • $230,524Life insurance assets
  • $7,913All other assets
  • $208,280Total liabilities and capital
  • $201,004Total liabilities
  • $169,464Total deposits
  • $201,004Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,000Trading liabilities
  • $0Other borrowed funds
  • $276Subordinated debt
  • $22,244All other liabilities
  • $22,244Total equity capital
  • $22,244Total bank equity capital
  • $0Perpetual preferred stock
  • $175Common stock
  • $9,576Surplus
  • $12,493Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,292Income earned, not collected on loans
  • $0Earning assets
  • $1,168Long-term assets (5+ years)
  • $208,426Average Assets, year-to-date
  • $60,970Average Assets, quarterly
  • $190,239Volatile liabilities
  • $232,251Insider loans
  • $181,653FHLB advances
  • $231,630Loans and leases held for sale
  • $2,116Unused loan commitments
  • $2,116Tier 1 (core) risk-based capital
  • $20,059Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,337Restructured Loans and leases
  • $42Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,777Total interest income
  • $2,878Total interest expense
  • $7,899Net interest income
  • $600Provision for loan and lease losses
  • $1,429Total noninterest income
  • $0Fiduciary activities
  • $433Service charges on deposit accounts
  • $0Trading account gains & fees
  • $996Additional noninterest income
  • $6,382Total noninterest expense
  • $3,529Salaries and employee benefits
  • $584Premises and equipment expense
  • $2,269Additional noninterest expense
  • $2,346Pre-tax net operating income
  • $47Securities gains (losses)
  • $745Applicable income taxes
  • $1,648Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,648Net income attributable to bank
  • $0Net charge-offs
  • $1,648Cash dividends
  • $512Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.31%Yield on earning assets
  • 1.68%Cost of funding earning assets
  • 4.62%Net interest margin
  • 0.84%Noninterest income to earning assets
  • 3.73%Noninterest expense to earning assets
  • 0.85%Net operating income to assets
  • 0.87%Return on assets (ROA)
  • 1.26%Pretax return on assets
  • 8.32%Return on equity (ROE)
  • 8.32%Retained earnings to average equity (YTD only)
  • 0.35%Net charge-offs to loans
  • 117.19%Credit loss provision to net charge-offs
  • 5.75%Efficiency ratio
  • 67,560Assets per employee
  • 2.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 75.15%Noncurrent assets plus other real estate owned to assets
  • 3.12%Noncurrent loans to loans
  • 1.95%Net loans and leases to deposits
  • 82.84%Net loans and leases to core deposits
  • 91.31%Equity capital to assets
  • 9.65%Core capital (leverage) ratio
  • 8.66%Tier 1 risk-based capital ratio
  • 11.04%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $190,239Average earning assets
  • $19,807Average equity
  • $170,895Average loans

List of branches

  • 12 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07013Northview Bank510 Main Street, Sandstone, MN 55072January 01, 1908Full Service Brick and Mortar
    1223516Willow River Branch8132 County Highway 61, Willow River, MN 55795January 15, 1979Full Service Brick and Mortar
    2223517Barnum Branch3842 Main Street, Barnum, MN 55707March 22, 1983Full Service Brick and Mortar
    3223518Cromwell Branch5584 Highway 210, Cardinal Building, Cromwell, MN 55726June 19, 1995Full Service Brick and Mortar
    46231Floodwood Branch130 West 7th Avenue, Floodwood, MN 55736January 01, 1908Full Service Brick and Mortar
    5221096Drive-In FacilityRailroad Street, Floodwood, MN 55736August 07, 1974Limited Service Facility
    6432009Grand Rapids Branch411 Pokegma Avenue South, Grand Rapids, MN 55744July 27, 2004Full Service Brick and Mortar
    83426Deer River Branch216 4th Street Se, Deer River, MN 56636May 14, 1908Full Service Brick and Mortar
    1011225First National Bank Of The North Bra510 Main Street, Sandstone, MN 55072August 08, 1902Full Service Brick and Mortar
    11241017Kerrick BranchMain Street, Kerrick, MN 55756October 01, 1979Full Service Brick and Mortar
    1210009Askov BranchMain Street, Askov, MN 55704May 25, 1906Full Service Brick and Mortar
    13366301Hinckley Branch402 Old Highway 61, Hinckley, MN 55037July 21, 2003Full Service Brick and Mortar

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