VISIONBank in city_name, state_name - Detailed Financial Reports, Location

VISIONBank in Fargo, North Dakota (ND)
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VISIONBank - Overview

General
FDIC Certificate #: 57892
Status: Active
Federal Reserve ID: 3270046
Bank Holding Company (Regulatory Top Holder): Vision Bank Holdings, Inc. (RSSDID: 3270037, Location: Fargo, ND)
Date Established: December 31, 2004
WWW: http://www.visionbanks.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 429354
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: December 31, 2004
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: 3000 25th Street South, Fargo, ND 58103
County: Cass
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Fargo
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Fargo-Moorhead, ND-MN (#2520)
Combined Statistical Area (CSA): Fargo-Wahpeton, ND-MN (#244)
Core Based Statistical Area (CBSA): Fargo, ND-MN (#22020)
CBSA Metro Statistical Area: Fargo, ND-MN (#22020)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $140.2 mil
Equity capital: $12.6 mil
Deposits held in domestic offices: $118.8 mil
Return on assets (ROA): 0.12% ($0.2 mil)
Quarterly return on assets: 0.73% ($1.0 mil)
Return on Equity (ROE): 1.31% ($0.2 mil)
Quarterly return on equity: 8.15% ($1.1 mil)
Net income: $0.2 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.20% ($280.4 mil)
Quarterly Pretax return on assets: 1.17% ($1,640.5 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
39Total employees (full-time equivalent)
$140,214Total assets
$26,843Cash and due from depository institutions
$21,525Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$103,451Net loans & leases
$2,049Loan loss allowance
$0Trading account assets
$4,372Bank premises and fixed assets
$2,731Other real estate owned
$721Goodwill and other intangibles
$140,214Life insurance assets
$2,096All other assets
$127,617Total liabilities and capital
$118,793Total liabilities
$99,902Total deposits
$118,793Interest-bearing deposits
$88Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$8,000Trading liabilities
$0Other borrowed funds
$824Subordinated debt
$12,597All other liabilities
$12,597Total equity capital
$12,597Total bank equity capital
$0Perpetual preferred stock
$1,000Common stock
$9,852Surplus
$1,745Undivided profits
Memoranda
$0Noncurrent loans and leases
$1,131Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,738Income earned, not collected on loans
$0Earning assets
$322Long-term assets (5+ years)
$124,976Average Assets, year-to-date
$4,375Average Assets, quarterly
$137,463Volatile liabilities
$138,364Insider loans
$99,817FHLB advances
$135,742Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$11,876Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$18,979Restructured Loans and leases
$2,719Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$6,321Total interest income
$1,578Total interest expense
$4,743Net interest income
$1,073Provision for loan and lease losses
$629Total noninterest income
$0Fiduciary activities
$196Service charges on deposit accounts
$0Trading account gains & fees
$433Additional noninterest income
$4,027Total noninterest expense
$2,078Salaries and employee benefits
$644Premises and equipment expense
$1,305Additional noninterest expense
$272Pre-tax net operating income
$0Securities gains (losses)
$109Applicable income taxes
$163Income before extraordinary items
$0Extraordinary gains - net
$163Net income attributable to bank
$0Net charge-offs
$163Cash dividends
$503Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.04%Yield on earning assets
1.26%Cost of funding earning assets
3.78%Net interest margin
0.50%Noninterest income to earning assets
3.21%Noninterest expense to earning assets
0.12%Net operating income to assets
0.12%Return on assets (ROA)
0.20%Pretax return on assets
1.31%Return on equity (ROE)
1.31%Retained earnings to average equity (YTD only)
0.47%Net charge-offs to loans
213.32%Credit loss provision to net charge-offs
2.67%Efficiency ratio
74,572Assets per employee
3.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.94%Loss allowance to noncurrent loans
74.84%Noncurrent assets plus other real estate owned to assets
3.90%Noncurrent loans to loans
2.60%Net loans and leases to deposits
87.09%Net loans and leases to core deposits
91.95%Equity capital to assets
8.98%Core capital (leverage) ratio
8.75%Tier 1 risk-based capital ratio
11.90%Total risk-based capital ratio
Memoranda
$13Average assets
$137,463Average earning assets
$12,476Average equity
$125,391Average loans

List of branches

2 North Dakota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	429354	Visionbank	3000 25th Street South, Fargo, ND 58103	December 31, 2004	Full Service Brick and Mortar
2	460554	North Fargo Branch	1321 21st Avenue North, Fargo, ND 58102	March 05, 2007	Full Service Brick and Mortar

VISIONBank in Fargo, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

VISIONBank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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VISIONBank in Fargo, North Dakota (ND)Overview, Financial Summary, Detailed Financial Reports, Branches

VISIONBank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

VISIONBank in Fargo, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches