Venture Bank in Bloomington, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Venture Bank in Bloomington, Minnesota (MN)
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Venture Bank - Overview

  • General
  • FDIC Certificate #: 57249
    Status: Active
    Federal Reserve ID: 3049699
    Bank Holding Company (Regulatory Top Holder): Venture Bancshares, Inc. (RSSDID: 3049680, Location: Bloomington, MN)
    Date Established: November 26, 2001
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 360126
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 26, 2001
    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: 5601 Green Valley Drive, Suite 120, Bloomington, MN 55437
    County: Hennepin
    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
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $319.9 mil
    Equity capital: $27.0 mil
    Deposits held in domestic offices: $291.2 mil
    Return on assets (ROA): 2.08% ($6.7 mil)
    Quarterly return on assets: 1.50% ($4.8 mil)
    Return on Equity (ROE): 23.71% ($6.4 mil)
    Quarterly return on equity: 17.72% ($4.8 mil)
    Net income: $6.0 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 2.08% ($6,654.4 mil)
    Quarterly Pretax return on assets: 1.50% ($4,798.8 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
  • 68Total employees (full-time equivalent)
  • $319,923Total assets
  • $20,156Cash and due from depository institutions
  • $11,599Interest-bearing balances
  • $32,672Securities
  • $3,015Federal funds sold & reverse repurchase agreements
  • $253,499Net loans & leases
  • $5,000Loan loss allowance
  • $0Trading account assets
  • $7,068Bank premises and fixed assets
  • $460Other real estate owned
  • $491Goodwill and other intangibles
  • $319,923Life insurance assets
  • $2,562All other assets
  • $292,932Total liabilities and capital
  • $291,238Total liabilities
  • $170,190Total deposits
  • $291,238Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,694Subordinated debt
  • $26,991All other liabilities
  • $26,991Total equity capital
  • $26,991Total bank equity capital
  • $0Perpetual preferred stock
  • $650Common stock
  • $21,850Surplus
  • $4,491Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,424Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $867Income earned, not collected on loans
  • $767Earning assets
  • $1,167Long-term assets (5+ years)
  • $300,785Average Assets, year-to-date
  • $39,633Average Assets, quarterly
  • $288,336Volatile liabilities
  • $315,736Insider loans
  • $270,309FHLB advances
  • $323,039Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $26,372Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $74,061Restructured Loans and leases
  • $8,498Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,777Total interest income
  • $2,030Total interest expense
  • $13,747Net interest income
  • $1,297Provision for loan and lease losses
  • $2,593Total noninterest income
  • $0Fiduciary activities
  • $1,162Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,431Additional noninterest income
  • $9,073Total noninterest expense
  • $5,699Salaries and employee benefits
  • $1,297Premises and equipment expense
  • $2,077Additional noninterest expense
  • $5,970Pre-tax net operating income
  • $36Securities gains (losses)
  • $5Applicable income taxes
  • $6,001Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,001Net income attributable to bank
  • $0Net charge-offs
  • $6,001Cash dividends
  • $1,697Sale, conversion, retirement of capital stock, net
  • $3,029Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.77%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 5.03%Net interest margin
  • 0.95%Noninterest income to earning assets
  • 3.32%Noninterest expense to earning assets
  • 2.07%Net operating income to assets
  • 2.08%Return on assets (ROA)
  • 2.08%Pretax return on assets
  • 23.71%Return on equity (ROE)
  • 11.74%Retained earnings to average equity (YTD only)
  • 0.73%Net charge-offs to loans
  • 76.43%Credit loss provision to net charge-offs
  • 4.28%Efficiency ratio
  • 55,526Assets per employee
  • 4.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.47%Loss allowance to loans
  • 1.93%Loss allowance to noncurrent loans
  • 576.70%Noncurrent assets plus other real estate owned to assets
  • 0.41%Noncurrent loans to loans
  • 0.34%Net loans and leases to deposits
  • 87.04%Net loans and leases to core deposits
  • 100.00%Equity capital to assets
  • 8.44%Core capital (leverage) ratio
  • 8.16%Tier 1 risk-based capital ratio
  • 9.76%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $288,336Average earning assets
  • $25,308Average equity
  • $273,460Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0360126Venture Bank5601 Green Valley Drive, Suite 120, Bloomington, MN 55437November 26, 2001Full Service Brick and Mortar
    1428111Golden Valley Branch6210 Wayzata Boulevard, Golden Valley, MN 55416May 05, 2004Full Service Brick and Mortar
    2466397Eagan Branch2640 Eagan Woods Drive, Eagan, MN 55121November 15, 2006Full Service Brick and Mortar

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