Northview Bank in Sandstone, Minnesota (MN)

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Northview Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)79
Total assets$230,524
Cash and due from depository institutions$18,850
Interest-bearing balances$13,601
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$166,509
Loan loss allowance $2,474
Trading account assets$0
Bank premises and fixed assets$3,637
Other real estate owned$3,906
Goodwill and other intangibles$1,393
All other assets$7,913
Life insurance assets$230,524
Total liabilities and capital$208,280
Total liabilities$201,004
Total deposits$169,464
Interest-bearing deposits$201,004
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$7,000
Other borrowed funds $0
Subordinated debt $276
All other liabilities $22,244
Total equity capital$22,244
Total bank equity capital$22,244
Perpetual preferred stock$0
Common stock$175
Undivided profits $12,493
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 $3,292
Earning assets $0
Long-term assets (5+ years) $1,168
Average Assets, year-to-date $208,426
Average Assets, quarterly $60,970
Volatile liabilities $190,239
Insider loans $232,251
FHLB advances $181,653
Loans and leases held for sale $231,630
Unused loan commitments $2,116
Tier 1 (core) risk-based capital $2,116
Tier 2 risk-based capital $20,059
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $15,337
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,777
Total interest expense $2,878
Net interest income $7,899
Provision for loan and lease losses $600
Total noninterest income $1,429
Fiduciary activities $0
Service charges on deposit accounts $433
Trading account gains & fees $0
Additional noninterest income $996
Total noninterest expense $6,382
Salaries and employee benefits $3,529
Premises and equipment expense $584
Additional noninterest expense $2,269
Pre-tax net operating income $2,346
Securities gains (losses) $47
Applicable income taxes $745
Income before extraordinary items $1,648
Extraordinary gains - net $0
Net income attributable to bank $1,648
Net charge-offs $0
Cash dividends $1,648
Sale, conversion, retirement of capital stock, net $512
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 assets6.31%
Cost of funding earning assets 1.68%
Net interest margin 4.62%
Noninterest income to earning assets 0.84%
Noninterest expense to earning assets 3.73%
Net operating income to assets 0.85%
Return on assets (ROA) 0.87%
Pretax return on assets 1.26%
Return on equity (ROE) 8.32%
Retained earnings to average equity (YTD only) 8.32%
Net charge-offs to loans 0.35%
Credit loss provision to net charge-offs 117.19%
Efficiency ratio5.75%
Assets per employee$67,560
Cash dividends to net income (YTD only)2.92%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.46%
Noncurrent assets plus other real estate owned to assets 75.15%
Noncurrent loans to loans 3.12%
Net loans and leases to deposits1.95%
Net loans and leases to core deposits 82.84%
Equity capital to assets 91.31%
Core capital (leverage) ratio 9.65%
Tier 1 risk-based capital ratio 8.66%
Total risk-based capital ratio 11.04%
Average assets$12
Average earning assets$190,239
Average equity $19,807
Average loans $170,895
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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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