Viking Savings Bank in Alexandria, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Viking Savings Bank in Alexandria, Minnesota (MN)
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Viking Savings Bank - Overview

  • General
  • FDIC Certificate #: 32082
    Status: Active
    Federal Reserve ID: 484776
    Date Established: April 07, 1981
    WWW: http://www.vikingsavings.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 7830
    FDIC's unique #: 44916
    Numeric code: 37
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 07, 1981
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1311 Broadway, Alexandria, MN 56308
    County: Douglas
    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
    Core Based Statistical Area (CBSA): Alexandria, MN (#10820)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $160.9 mil
    Equity capital: $26.5 mil
    Deposits held in domestic offices: $122.0 mil
    Return on assets (ROA): 1.51% ($2.4 mil)
    Quarterly return on assets: 1.89% ($3.0 mil)
    Return on Equity (ROE): 9.25% ($2.4 mil)
    Quarterly return on equity: 11.50% ($3.0 mil)
    Net income: $2.4 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.51% ($2,429.3 mil)
    Quarterly Pretax return on assets: 1.89% ($3,040.6 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
  • 29Total employees (full-time equivalent)
  • $160,878Total assets
  • $5,209Cash and due from depository institutions
  • $2,878Interest-bearing balances
  • $22,918Securities
  • $5,300Federal funds sold & reverse repurchase agreements
  • $111,492Net loans & leases
  • $2,142Loan loss allowance
  • $0Trading account assets
  • $1,250Bank premises and fixed assets
  • $692Other real estate owned
  • $11,198Goodwill and other intangibles
  • $160,878Life insurance assets
  • $2,819All other assets
  • $134,420Total liabilities and capital
  • $121,999Total liabilities
  • $114,719Total deposits
  • $121,999Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 866.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,250Trading liabilities
  • $0Other borrowed funds
  • $1,305Subordinated debt
  • $26,458All other liabilities
  • $26,458Total equity capital
  • $26,458Total bank equity capital
  • $0Perpetual preferred stock
  • $1,520Common stock
  • $21,420Surplus
  • $3,518Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,430Income earned, not collected on loans
  • $0Earning assets
  • $630Long-term assets (5+ years)
  • $142,588Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $159,738Volatile liabilities
  • $160,836Insider loans
  • $103,830FHLB advances
  • $149,044Loans and leases held for sale
  • $935Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,624Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,218Restructured Loans and leases
  • $3,343Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,103Total interest income
  • $2,117Total interest expense
  • $5,986Net interest income
  • $900Provision for loan and lease losses
  • $431Total noninterest income
  • $0Fiduciary activities
  • $48Service charges on deposit accounts
  • $0Trading account gains & fees
  • $383Additional noninterest income
  • $3,139Total noninterest expense
  • $1,613Salaries and employee benefits
  • $347Premises and equipment expense
  • $1,179Additional noninterest expense
  • $2,378Pre-tax net operating income
  • $36Securities gains (losses)
  • $2Applicable income taxes
  • $2,412Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,412Net income attributable to bank
  • $0Net charge-offs
  • $2,412Cash dividends
  • -$290Sale, conversion, retirement of capital stock, net
  • $2,021Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.75%Yield on earning assets
  • 1.50%Cost of funding earning assets
  • 4.25%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 2.23%Noninterest expense to earning assets
  • 1.49%Net operating income to assets
  • 1.51%Return on assets (ROA)
  • 1.51%Pretax return on assets
  • 9.25%Return on equity (ROE)
  • 1.50%Retained earnings to average equity (YTD only)
  • -0.25%Net charge-offs to loans
  • -310.34%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 42,715Assets per employee
  • 5.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 83.79%Loss allowance to loans
  • 1.88%Loss allowance to noncurrent loans
  • 88.15%Noncurrent assets plus other real estate owned to assets
  • 1.94%Noncurrent loans to loans
  • 2.14%Net loans and leases to deposits
  • 91.39%Net loans and leases to core deposits
  • 98.08%Equity capital to assets
  • 16.45%Core capital (leverage) ratio
  • 9.81%Tier 1 risk-based capital ratio
  • 14.08%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $159,738Average earning assets
  • $26,075Average equity
  • $140,988Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    044916Viking Savings Bank1311 Broadway, Alexandria, MN 56308April 07, 1981Full Service Brick and Mortar

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