Voyager Bank in Eden Prairie, Minnesota (MN)



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Voyager Bank routing number info

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Voyager Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)79
Total assets$378,873
Cash and due from depository institutions$42,369
Interest-bearing balances$30,999
Securities$5,014
Federal funds sold & reverse repurchase agreements$5,013
Net loans & leases$303,438
Loan loss allowance $4,981
Trading account assets$0
Bank premises and fixed assets$263
Other real estate owned$7,311
Goodwill and other intangibles$0
All other assets$15,465
Life insurance assets$378,873
Total liabilities and capital$352,149
Total liabilities$321,929
Total deposits$263,369
Interest-bearing deposits$321,929
Deposits held in domestic offices$79
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$29,000
Other borrowed funds $0
Subordinated debt $1,220
All other liabilities $26,724
Total equity capital$26,724
Total bank equity capital$26,724
Perpetual preferred stock$0
Common stock$2,233
Surplus$45,078
Undivided profits $-20,587
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 $6,957
Earning assets $0
Long-term assets (5+ years) $1,246
Average Assets, year-to-date $344,464
Average Assets, quarterly $25,001
Volatile liabilities $405,971
Insider loans $390,594
FHLB advances $363,542
Loans and leases held for sale $404,016
Unused loan commitments $7,961
Tier 1 (core) risk-based capital $7,961
Tier 2 risk-based capital $30,980
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $57,150
Derivatives$24,780
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $19,805
Total interest expense $3,301
Net interest income $16,504
Provision for loan and lease losses $3,544
Total noninterest income $2,865
Fiduciary activities $0
Service charges on deposit accounts $840
Trading account gains & fees $0
Additional noninterest income $2,025
Total noninterest expense $17,770
Salaries and employee benefits $7,957
Premises and equipment expense $1,856
Additional noninterest expense $7,957
Pre-tax net operating income -$1,945
Securities gains (losses) -$1,400
Applicable income taxes $0
Income before extraordinary items -$3,345
Extraordinary gains - net $0
Net income attributable to bank -$3,345
Net charge-offs $0
Cash dividends -$3,345
Sale, conversion, retirement of capital stock, net $2,800
Net operating income $774
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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 0.88%
Net interest margin 4.40%
Noninterest income to earning assets 0.76%
Noninterest expense to earning assets 4.73%
Net operating income to assets -0.48%
Return on assets (ROA) -0.82%
Pretax return on assets -0.82%
Return on equity (ROE) -11.60%
Retained earnings to average equity (YTD only) -14.28%
Net charge-offs to loans 0.83%
Credit loss provision to net charge-offs 126.57%
Efficiency ratio0.57%
Assets per employee$91,745
Cash dividends to net income (YTD only)4.80%
Condition Ratios (%)
Loss allowance to loans -23.14%
Loss allowance to noncurrent loans 1.62%
Noncurrent assets plus other real estate owned to assets 71.60%
Noncurrent loans to loans 4.50%
Net loans and leases to deposits2.26%
Net loans and leases to core deposits 94.26%
Equity capital to assets 97.09%
Core capital (leverage) ratio 7.05%
Tier 1 risk-based capital ratio 7.67%
Total risk-based capital ratio 8.52%
Memoranda
Average assets$10
Average earning assets$405,971
Average equity $28,847
Average loans $375,325
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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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