Lakeview Bank in Lakeville, Minnesota (MN)
| Lakeview Bank | |
|---|---|
| General | FDIC Certificate #: 57785 Status: Active Federal Reserve ID: 3253834 Bank Holding Company (Regulatory Top Holder): Lakeview Bancorporation, Inc. (RSSDID: 3253825, Location: Lakeville, MN) Date Established: July 08, 2004 WWW: http://www.lakeview-bank.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 #: 424611 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: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: July 08, 2004 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: 9725 163rd Street West, Lakeville, MN 55044 County: Dakota 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: $50.0 mil Equity capital: $5.7 mil Deposits held in domestic offices: $44.0 mil Return on assets (ROA): -0.04% (-$0.0 mil) Quarterly return on assets: 0.30% ($0.1 mil) Return on Equity (ROE): -0.41% (-$0.0 mil) Quarterly return on equity: 2.70% ($0.2 mil) Net income: -$0.0 mil Quarterly Net income: $0.0 mil Pretax return on assets: -0.07% (-$35.0 mil) Quarterly Pretax return on assets: 0.50% ($250.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 10 |
| Total assets | $50,023 |
| Cash and due from depository institutions | $4,729 |
| Interest-bearing balances | $4,049 |
| Securities | $3,087 |
| Federal funds sold & reverse repurchase agreements | $425 |
| Net loans & leases | $35,342 |
| Loan loss allowance | $662 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,882 |
| Other real estate owned | $2,633 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,925 |
| Life insurance assets | $50,023 |
| Total liabilities and capital | $44,366 |
| Total liabilities | $43,973 |
| Total deposits | $37,714 |
| Interest-bearing deposits | $43,973 |
| Deposits held in domestic offices | $90 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $200 |
| Subordinated debt | $193 |
| All other liabilities | $5,657 |
| Total equity capital | $5,657 |
| Total bank equity capital | $5,657 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $7,815 |
| Undivided profits | $-2,258 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $134 |
| Income earned, not collected on loans | $1,970 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $121 |
| Average Assets, year-to-date | $42,903 |
| Average Assets, quarterly | $3,745 |
| Volatile liabilities | $53,242 |
| Insider loans | $51,353 |
| FHLB advances | $38,506 |
| Loans and leases held for sale | $50,099 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $4,130 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $7,627 |
| Derivatives | $747 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,280 |
| Total interest expense | $438 |
| Net interest income | $1,842 |
| Provision for loan and lease losses | $335 |
| Total noninterest income | $299 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $103 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $196 |
| Total noninterest expense | $1,845 |
| Salaries and employee benefits | $808 |
| Premises and equipment expense | $186 |
| Additional noninterest expense | $851 |
| Pre-tax net operating income | -$39 |
| Securities gains (losses) | $0 |
| Applicable income taxes | -$16 |
| Income before extraordinary items | -$23 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$23 |
| Net charge-offs | $0 |
| Cash dividends | -$23 |
| Sale, conversion, retirement of capital stock, net | $1,313 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.95% |
| Cost of funding earning assets | 0.95% |
| Net interest margin | 4.00% |
| Noninterest income to earning assets | 0.65% |
| Noninterest expense to earning assets | 4.00% |
| Net operating income to assets | -0.04% |
| Return on assets (ROA) | -0.04% |
| Pretax return on assets | -0.07% |
| Return on equity (ROE) | -0.41% |
| Retained earnings to average equity (YTD only) | -0.41% |
| Net charge-offs to loans | 3.33% |
| Credit loss provision to net charge-offs | 25.51% |
| Efficiency ratio | 0.23% |
| Assets per employee | $86,175 |
| Cash dividends to net income (YTD only) | 5.00% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.84% |
| Noncurrent assets plus other real estate owned to assets | 33.60% |
| Noncurrent loans to loans | 9.20% |
| Net loans and leases to deposits | 5.47% |
| Net loans and leases to core deposits | 80.37% |
| Equity capital to assets | 81.90% |
| Core capital (leverage) ratio | 11.31% |
| Tier 1 risk-based capital ratio | 8.24% |
| Total risk-based capital ratio | 10.73% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $53,242 |
| Average equity | $5,543 |
| Average loans | $46,083 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 424611 | Lakeview Bank | 9725 163rd Street West, Lakeville, MN 55044 | July 08, 2004 | Full Service Brick and Mortar |  |
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