Village Bank in Saint Francis, Minnesota (MN)

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Village Bank
GeneralFDIC Certificate #: 33761
Status: Active
Federal Reserve ID: 2010722
Bank Holding Company (Regulatory Top Holder): Village Bancshares, Inc. (RSSDID: 2265867, Location: Saint Francis, MN)
Date Established: January 11, 1993
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
FDIC's unique #: 47971
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: January 11, 1993
Last Structure Change Effective Date: July 12, 2011
Last Structure Change Process Date: July 12, 2011
Last Data Update: July 12, 2011
Data Source Date: April 05, 2012
LocationAddress: 3350 Bridge Street, Saint Francis, MN 55070
County: Anoka
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux Falls
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 ChangesChange in Geographic Region/Area/Territory/Field Office
Change in Location
Financial SummaryTotal assets: $214.1 mil
Equity capital: $9.2 mil
Deposits held in domestic offices: $189.7 mil
Return on assets (ROA): -2.23% (-$4.8 mil)
Quarterly return on assets: -1.50% (-$3.2 mil)
Return on Equity (ROE): -44.91% (-$4.0 mil)
Quarterly return on equity: -33.76% (-$3.0 mil)
Net income: -$5.1 mil
Quarterly Net income: -$0.8 mil
Pretax return on assets: -2.23% (-$4,774.9 mil)
Quarterly Pretax return on assets: -1.50% (-$3,211.8 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)
Total employees (full-time equivalent)55
Total assets$214,120
Cash and due from depository institutions$27,161
Interest-bearing balances$22,139
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$147,833
Loan loss allowance $9,616
Trading account assets$0
Bank premises and fixed assets$5,887
Other real estate owned$11,924
Goodwill and other intangibles$0
All other assets$1,842
Life insurance assets$214,120
Total liabilities and capital$204,912
Total liabilities$189,736
Total deposits$147,429
Interest-bearing deposits$189,736
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$14,000
Other borrowed funds $0
Subordinated debt $1,176
All other liabilities $9,208
Total equity capital$9,208
Total bank equity capital$9,208
Perpetual preferred stock$0
Common stock$141
Undivided profits $-11,792
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 $18,440
Earning assets $0
Long-term assets (5+ years) $685
Average Assets, year-to-date $189,445
Average Assets, quarterly $14,651
Volatile liabilities $227,837
Insider loans $217,272
FHLB advances $162,807
Loans and leases held for sale $216,653
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $8,855
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $17,624
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,814
Total interest expense $1,752
Net interest income $9,062
Provision for loan and lease losses $4,303
Total noninterest income -$1,122
Fiduciary activities $0
Service charges on deposit accounts $836
Trading account gains & fees $0
Additional noninterest income -$1,958
Total noninterest expense $8,783
Salaries and employee benefits $3,956
Premises and equipment expense $1,214
Additional noninterest expense $3,613
Pre-tax net operating income -$5,146
Securities gains (losses) $60
Applicable income taxes $0
Income before extraordinary items -$5,086
Extraordinary gains - net $0
Net income attributable to bank -$5,086
Net charge-offs $0
Cash dividends -$5,086
Sale, conversion, retirement of capital stock, net $1,348
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 assets5.28%
Cost of funding earning assets 0.86%
Net interest margin 4.42%
Noninterest income to earning assets -0.55%
Noninterest expense to earning assets 4.29%
Net operating income to assets -2.26%
Return on assets (ROA) -2.23%
Pretax return on assets -2.23%
Return on equity (ROE) -44.91%
Retained earnings to average equity (YTD only) -44.91%
Net charge-offs to loans 0.76%
Credit loss provision to net charge-offs 319.21%
Efficiency ratio-0.63%
Assets per employee$110,617
Cash dividends to net income (YTD only)3.89%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 6.11%
Noncurrent assets plus other real estate owned to assets 52.15%
Noncurrent loans to loans 14.18%
Net loans and leases to deposits11.71%
Net loans and leases to core deposits 77.92%
Equity capital to assets 83.72%
Core capital (leverage) ratio 4.30%
Tier 1 risk-based capital ratio 4.09%
Total risk-based capital ratio 5.44%
Average assets$7
Average earning assets$227,837
Average equity $11,326
Average loans $204,800
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4 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
047971Village Bank3350 Bridge Street, Saint Francis, MN 55070January 11, 1993Full Service Brick and Mortar
2289864Blaine Branch9298 Central Avenue, N.E., Blaine, MN 55434May 26, 1998Full Service Brick and Mortar
3441994Anoka-Ramsey Branch7125 Riverdale Drive, Ramsey, MN 55303October 01, 2004Full Service Brick and Mortar
4446084East Bethel Branch18770 Highway 65 Ne, East Bethel, MN 55011November 01, 2005Full Service Brick and Mortar
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