Voyager Bank in Eden Prairie, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Voyager Bank in Eden Prairie, Minnesota (MN)
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Voyager Bank - Overview

  • General
  • FDIC Certificate #: 32173
    Status: Active
    Federal Reserve ID: 430670
    Bank Holding Company (Regulatory Top Holder): Voyager Financial Services Corporation (RSSDID: 2721596, Location: Eden Prairie, MN)
    Date Established: August 15, 1983
    WWW: http://www.voyagerbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 7949
    FDIC's unique #: 45007
    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: August 15, 1983
    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: 775 Prairie Center Drive, Eden Prairie, MN 55344
    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: $378.9 mil
    Equity capital: $26.7 mil
    Deposits held in domestic offices: $321.9 mil
    Return on assets (ROA): -0.82% (-$3.1 mil)
    Quarterly return on assets: -0.38% (-$1.4 mil)
    Return on Equity (ROE): -11.60% (-$3.1 mil)
    Quarterly return on equity: -5.53% (-$1.5 mil)
    Net income: -$3.3 mil
    Quarterly Net income: -$0.4 mil
    Pretax return on assets: -0.82% (-$3,106.8 mil)
    Quarterly Pretax return on assets: -0.38% (-$1,439.7 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
  • 79Total employees (full-time equivalent)
  • $378,873Total assets
  • $42,369Cash and due from depository institutions
  • $30,999Interest-bearing balances
  • $5,014Securities
  • $5,013Federal funds sold & reverse repurchase agreements
  • $303,438Net loans & leases
  • $4,981Loan loss allowance
  • $0Trading account assets
  • $263Bank premises and fixed assets
  • $7,311Other real estate owned
  • $0Goodwill and other intangibles
  • $378,873Life insurance assets
  • $15,465All other assets
  • $352,149Total liabilities and capital
  • $321,929Total liabilities
  • $263,369Total deposits
  • $321,929Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $29,000Trading liabilities
  • $0Other borrowed funds
  • $1,220Subordinated debt
  • $26,724All other liabilities
  • $26,724Total equity capital
  • $26,724Total bank equity capital
  • $0Perpetual preferred stock
  • $2,233Common stock
  • $45,078Surplus
  • $-20,587Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,957Income earned, not collected on loans
  • $0Earning assets
  • $1,246Long-term assets (5+ years)
  • $344,464Average Assets, year-to-date
  • $25,001Average Assets, quarterly
  • $405,971Volatile liabilities
  • $390,594Insider loans
  • $363,542FHLB advances
  • $404,016Loans and leases held for sale
  • $7,961Unused loan commitments
  • $7,961Tier 1 (core) risk-based capital
  • $30,980Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $57,150Restructured Loans and leases
  • $24,780Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,805Total interest income
  • $3,301Total interest expense
  • $16,504Net interest income
  • $3,544Provision for loan and lease losses
  • $2,865Total noninterest income
  • $0Fiduciary activities
  • $840Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,025Additional noninterest income
  • $17,770Total noninterest expense
  • $7,957Salaries and employee benefits
  • $1,856Premises and equipment expense
  • $7,957Additional noninterest expense
  • -$1,945Pre-tax net operating income
  • -$1,400Securities gains (losses)
  • $0Applicable income taxes
  • -$3,345Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,345Net income attributable to bank
  • $0Net charge-offs
  • -$3,345Cash dividends
  • $2,800Sale, conversion, retirement of capital stock, net
  • $774Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.28%Yield on earning assets
  • 0.88%Cost of funding earning assets
  • 4.40%Net interest margin
  • 0.76%Noninterest income to earning assets
  • 4.73%Noninterest expense to earning assets
  • -0.48%Net operating income to assets
  • -0.82%Return on assets (ROA)
  • -0.82%Pretax return on assets
  • -11.60%Return on equity (ROE)
  • -14.28%Retained earnings to average equity (YTD only)
  • 0.83%Net charge-offs to loans
  • 126.57%Credit loss provision to net charge-offs
  • 0.57%Efficiency ratio
  • 91,745Assets per employee
  • 4.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -23.14%Loss allowance to loans
  • 1.62%Loss allowance to noncurrent loans
  • 71.60%Noncurrent assets plus other real estate owned to assets
  • 4.50%Noncurrent loans to loans
  • 2.26%Net loans and leases to deposits
  • 94.26%Net loans and leases to core deposits
  • 97.09%Equity capital to assets
  • 7.05%Core capital (leverage) ratio
  • 7.67%Tier 1 risk-based capital ratio
  • 8.52%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $405,971Average earning assets
  • $28,847Average equity
  • $375,325Average loans

List of branches

  • 4 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    045007Voyager Bank775 Prairie Center Drive, Eden Prairie, MN 55344August 15, 1983Full Service Brick and Mortar
    102287099500 Marschal Road Branch500 Marschall Road, Shakopee, MN 55379June 30, 1988Full Service Brick and Mortar
    104287101Mankato Branch101 North Second Street, Mankato, MN 56001June 05, 1998Full Service Brick and Mortar
    105437814Minnetonka Branch10653 Wayzata Boulevard, Minnetonka, MN 55305Febuary 21, 2005Full Service Brick and Mortar

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