VisionBank in Saint Louis Park, Minnesota (MN)



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VisionBank routing number info

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VisionBank
GeneralFDIC Certificate #: 58063
Status: Active
Federal Reserve ID: 3357077
Bank Holding Company (Regulatory Top Holder): Vision Bancshares, Inc. (RSSDID: 3357068, Location: Saint Louis Park, MN)
Date Established: September 12, 2005
WWW: http://www.bankwithvision.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 438758
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: September 12, 2005
Last Structure Change Effective Date: August 23, 2007
Last Structure Change Process Date: August 27, 2007
Last Data Update: August 27, 2007
Data Source Date: April 05, 2012
LocationAddress: 4725 Highway 7, Saint Louis Park, MN 55416
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 ChangesName Change
Financial SummaryTotal assets: $31.3 mil
Equity capital: $3.8 mil
Deposits held in domestic offices: $27.3 mil
Return on assets (ROA): 0.62% ($0.2 mil)
Quarterly return on assets: -0.65% (-$0.2 mil)
Return on Equity (ROE): 5.63% ($0.2 mil)
Quarterly return on equity: -5.39% (-$0.2 mil)
Net income: $0.2 mil
Quarterly Net income: -$0.1 mil
Pretax return on assets: 0.62% ($193.8 mil)
Quarterly Pretax return on assets: -0.65% (-$203.2 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)7
Total assets$31,262
Cash and due from depository institutions$2,060
Interest-bearing balances$1,739
Securities$2,091
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$25,464
Loan loss allowance $638
Trading account assets$0
Bank premises and fixed assets$93
Other real estate owned$1,259
Goodwill and other intangibles$0
All other assets$295
Life insurance assets$31,262
Total liabilities and capital$27,429
Total liabilities$27,255
Total deposits$24,904
Interest-bearing deposits$27,255
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$132
Other borrowed funds $0
Subordinated debt $42
All other liabilities $3,833
Total equity capital$3,833
Total bank equity capital$3,833
Perpetual preferred stock$0
Common stock$100
Surplus$6,554
Undivided profits $-2,821
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 $247
Earning assets $0
Long-term assets (5+ years) $135
Average Assets, year-to-date $29,294
Average Assets, quarterly $3,815
Volatile liabilities $33,777
Insider loans $32,227
FHLB advances $27,399
Loans and leases held for sale $31,317
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $3,833
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,846
Derivatives$632
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,812
Total interest expense $458
Net interest income $1,354
Provision for loan and lease losses $110
Total noninterest income $166
Fiduciary activities $0
Service charges on deposit accounts $9
Trading account gains & fees $0
Additional noninterest income $157
Total noninterest expense $1,200
Salaries and employee benefits $490
Premises and equipment expense $177
Additional noninterest expense $533
Pre-tax net operating income $210
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $210
Extraordinary gains - net $0
Net income attributable to bank $210
Net charge-offs $0
Cash dividends $210
Sale, conversion, retirement of capital stock, net $376
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 assets5.84%
Cost of funding earning assets 1.48%
Net interest margin 4.36%
Noninterest income to earning assets 0.54%
Noninterest expense to earning assets 3.87%
Net operating income to assets 0.62%
Return on assets (ROA) 0.62%
Pretax return on assets 0.62%
Return on equity (ROE) 5.63%
Retained earnings to average equity (YTD only) 5.63%
Net charge-offs to loans 1.38%
Credit loss provision to net charge-offs 29.26%
Efficiency ratio0.85%
Assets per employee$78,947
Cash dividends to net income (YTD only)4.47%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.44%
Noncurrent assets plus other real estate owned to assets 258.30%
Noncurrent loans to loans 4.82%
Net loans and leases to deposits0.95%
Net loans and leases to core deposits 93.43%
Equity capital to assets 97.62%
Core capital (leverage) ratio 12.26%
Tier 1 risk-based capital ratio 12.24%
Total risk-based capital ratio 13.99%
Memoranda
Average assets$15
Average earning assets$33,777
Average equity $3,732
Average loans $31,028
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1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0438758Visionbank4725 Highway 7, Saint Louis Park, MN 55416September 12, 2005Full Service Brick and Mortar
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