VISIONBank in Fargo, North Dakota (ND)



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VISIONBank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)39
Total assets$140,214
Cash and due from depository institutions$26,843
Interest-bearing balances$21,525
Securities$0
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$103,451
Loan loss allowance $2,049
Trading account assets$0
Bank premises and fixed assets$4,372
Other real estate owned$2,731
Goodwill and other intangibles$721
All other assets$2,096
Life insurance assets$140,214
Total liabilities and capital$127,617
Total liabilities$118,793
Total deposits$99,902
Interest-bearing deposits$118,793
Deposits held in domestic offices$88
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$8,000
Other borrowed funds $0
Subordinated debt $824
All other liabilities $12,597
Total equity capital$12,597
Total bank equity capital$12,597
Perpetual preferred stock$0
Common stock$1,000
Surplus$9,852
Undivided profits $1,745
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,131
Income earned, not collected on loans $2,738
Earning assets $0
Long-term assets (5+ years) $322
Average Assets, year-to-date $124,976
Average Assets, quarterly $4,375
Volatile liabilities $137,463
Insider loans $138,364
FHLB advances $99,817
Loans and leases held for sale $135,742
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $11,876
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $18,979
Derivatives$2,719
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,321
Total interest expense $1,578
Net interest income $4,743
Provision for loan and lease losses $1,073
Total noninterest income $629
Fiduciary activities $0
Service charges on deposit accounts $196
Trading account gains & fees $0
Additional noninterest income $433
Total noninterest expense $4,027
Salaries and employee benefits $2,078
Premises and equipment expense $644
Additional noninterest expense $1,305
Pre-tax net operating income $272
Securities gains (losses) $0
Applicable income taxes $109
Income before extraordinary items $163
Extraordinary gains - net $0
Net income attributable to bank $163
Net charge-offs $0
Cash dividends $163
Sale, conversion, retirement of capital stock, net $503
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 assets5.04%
Cost of funding earning assets 1.26%
Net interest margin 3.78%
Noninterest income to earning assets 0.50%
Noninterest expense to earning assets 3.21%
Net operating income to assets 0.12%
Return on assets (ROA) 0.12%
Pretax return on assets 0.20%
Return on equity (ROE) 1.31%
Retained earnings to average equity (YTD only) 1.31%
Net charge-offs to loans 0.47%
Credit loss provision to net charge-offs 213.32%
Efficiency ratio2.67%
Assets per employee$74,572
Cash dividends to net income (YTD only)3.60%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.94%
Noncurrent assets plus other real estate owned to assets 74.84%
Noncurrent loans to loans 3.90%
Net loans and leases to deposits2.60%
Net loans and leases to core deposits 87.09%
Equity capital to assets 91.95%
Core capital (leverage) ratio 8.98%
Tier 1 risk-based capital ratio 8.75%
Total risk-based capital ratio 11.90%
Memoranda
Average assets$13
Average earning assets$137,463
Average equity $12,476
Average loans $125,391
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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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