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

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
    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
  • NoIDNameAddressEstablishedService TypeMap
    0429354Visionbank3000 25th Street South, Fargo, ND 58103December 31, 2004Full Service Brick and Mortar
    2460554North Fargo Branch1321 21st Avenue North, Fargo, ND 58102March 05, 2007Full Service Brick and Mortar

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