Viking Savings Bank in Alexandria, Minnesota (MN)
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Table of contents:
| Viking Savings Bank | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 29 |
| Total assets | $160,878 |
| Cash and due from depository institutions | $5,209 |
| Interest-bearing balances | $2,878 |
| Securities | $22,918 |
| Federal funds sold & reverse repurchase agreements | $5,300 |
| Net loans & leases | $111,492 |
| Loan loss allowance | $2,142 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,250 |
| Other real estate owned | $692 |
| Goodwill and other intangibles | $11,198 |
| All other assets | $2,819 |
| Life insurance assets | $160,878 |
| Total liabilities and capital | $134,420 |
| Total liabilities | $121,999 |
| Total deposits | $114,719 |
| Interest-bearing deposits | $121,999 |
| Deposits held in domestic offices | $92 |
| % insured (estimated) | 866.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $10,250 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,305 |
| All other liabilities | $26,458 |
| Total equity capital | $26,458 |
| Total bank equity capital | $26,458 |
| Perpetual preferred stock | $0 |
| Common stock | $1,520 |
| Surplus | $21,420 |
| Undivided profits | $3,518 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $2,430 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $630 |
| Average Assets, year-to-date | $142,588 |
| Average Assets, quarterly | $0 |
| Volatile liabilities | $159,738 |
| Insider loans | $160,836 |
| FHLB advances | $103,830 |
| Loans and leases held for sale | $149,044 |
| Unused loan commitments | $935 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $14,624 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $10,218 |
| Derivatives | $3,343 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $8,103 |
| Total interest expense | $2,117 |
| Net interest income | $5,986 |
| Provision for loan and lease losses | $900 |
| Total noninterest income | $431 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $48 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $383 |
| Total noninterest expense | $3,139 |
| Salaries and employee benefits | $1,613 |
| Premises and equipment expense | $347 |
| Additional noninterest expense | $1,179 |
| Pre-tax net operating income | $2,378 |
| Securities gains (losses) | $36 |
| Applicable income taxes | $2 |
| Income before extraordinary items | $2,412 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,412 |
| Net charge-offs | $0 |
| Cash dividends | $2,412 |
| Sale, conversion, retirement of capital stock, net | -$290 |
| Net operating income | $2,021 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.75% |
| Cost of funding earning assets | 1.50% |
| Net interest margin | 4.25% |
| Noninterest income to earning assets | 0.31% |
| Noninterest expense to earning assets | 2.23% |
| Net operating income to assets | 1.49% |
| Return on assets (ROA) | 1.51% |
| Pretax return on assets | 1.51% |
| Return on equity (ROE) | 9.25% |
| Retained earnings to average equity (YTD only) | 1.50% |
| Net charge-offs to loans | -0.25% |
| Credit loss provision to net charge-offs | -310.34% |
| Efficiency ratio | 0.00% |
| Assets per employee | $42,715 |
| Cash dividends to net income (YTD only) | 5.55% |
| Condition Ratios (%) | |
| Loss allowance to loans | 83.79% |
| Loss allowance to noncurrent loans | 1.88% |
| Noncurrent assets plus other real estate owned to assets | 88.15% |
| Noncurrent loans to loans | 1.94% |
| Net loans and leases to deposits | 2.14% |
| Net loans and leases to core deposits | 91.39% |
| Equity capital to assets | 98.08% |
| Core capital (leverage) ratio | 16.45% |
| Tier 1 risk-based capital ratio | 9.81% |
| Total risk-based capital ratio | 14.08% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $159,738 |
| Average equity | $26,075 |
| Average loans | $140,988 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 44916 | Viking Savings Bank | 1311 Broadway, Alexandria, MN 56308 | April 07, 1981 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.