Northview Bank in Finlayson, Minnesota (MN)
| Northview Bank | |
|---|---|
| General | FDIC Certificate #: 10956 Status: Active Federal Reserve ID: 16551 Bank Holding Company (Regulatory Top Holder): Finlayson Bancshares, Inc. (RSSDID: 1126037, Location: Finlayson, MN) Date Established: January 01, 1908 WWW: http://www.northviewbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Domestic: 8, Interstate: No) OTS Docket #: 10191 FDIC's unique #: 7013 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: January 01, 1934 Last Structure Change Effective Date: December 03, 2006 Last Structure Change Process Date: December 19, 2006 Last Data Update: December 19, 2006 Data Source Date: Febuary 17, 2011 |
| Location | Address: 2203 Finland Avenue, Finlayson, MN 55735 County: Pine 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 |
| History of Changes | Participated in Absorption/Consolidation/Merger |
| Financial Summary | Total assets: $16.1 mil Equity capital: $1.7 mil Deposits held in domestic offices: $13.2 mil Return on assets (ROA): 0.89% ($0.1 mil) Quarterly return on assets: 1.10.2011% ($0.2 mil) Return on Equity (ROE): 1.08.1962% ($0.0 mil) Quarterly return on equity: 1.10.1953% ($0.0 mil) Net income: $0.1 mil Quarterly Net income: $0.4 mil Pretax return on assets: 1.01.1931% ($163.0 mil) Quarterly Pretax return on assets: 1.01.1972% ($163.0 mil) |
| Assets and Liabilities (December 31, 2010) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 56 |
| Total assets | $160,733 |
| Cash and due from depository institutions | $3,427 |
| Interest-bearing balances | $357 |
| Securities | $15,029 |
| Federal funds sold & reverse repurchase agreements | $2,490 |
| Net loans & leases | $125,373 |
| Loan loss allowance | $2,386 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,615 |
| Other real estate owned | $2,938 |
| Goodwill and other intangibles | $2,318 |
| All other assets | $6,543 |
| Life insurance assets | $2,025 |
| Total liabilities and capital | $160,733 |
| Total liabilities | $143,162 |
| Total deposits | $131,860 |
| Interest-bearing deposits | $114,724 |
| Deposits held in domestic offices | $131,860 |
| % insured (estimated) | 86.76% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $11,000 |
| Subordinated debt | $0 |
| All other liabilities | $302 |
| Total equity capital | $17,571 |
| Total bank equity capital | $17,571 |
| Perpetual preferred stock | $16,935 |
| Common stock | $0 |
| Surplus | $175 |
| Undivided profits | $6,576 |
| Memoranda | |
| Noncurrent loans and leases | $10,184 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $10,444 |
| Income earned, not collected on loans | $636 |
| Earning assets | $2,009 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $828 |
| Average Assets, quarterly | $143,249 |
| Volatile liabilities | $38,297 |
| Insider loans | $161,399 |
| FHLB advances | $161,077 |
| Loans and leases held for sale | $38,369 |
| Unused loan commitments | $2 |
| Tier 1 (core) risk-based capital | $11,000 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $10,444 |
| Restructured Loans and leases | $887 |
| Derivatives | $1,698 |
| Income and Expense (December 31, 2010) (Dollar figures in thousands) | |
| Total interest income | $9,707 |
| Total interest expense | $3,111 |
| Net interest income | $6,596 |
| Provision for loan and lease losses | $900 |
| Total noninterest income | $2,229 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $456 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,773 |
| Total noninterest expense | $5,820 |
| Salaries and employee benefits | $3,291 |
| Premises and equipment expense | $520 |
| Additional noninterest expense | $2,009 |
| Pre-tax net operating income | $2,105 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $653 |
| Income before extraordinary items | $1,452 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,401 |
| Net charge-offs | $51 |
| Cash dividends | $1,452 |
| Sale, conversion, retirement of capital stock, net | $879 |
| Net operating income | $600 |
| Performance and Condition Ratios (December 31, 2010) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.79% |
| Cost of funding earning assets | 2.18% |
| Net interest margin | 4.62% |
| Noninterest income to earning assets | 1.56% |
| Noninterest expense to earning assets | 4.07% |
| Net operating income to assets | 0.90% |
| Return on assets (ROA) | 0.87% |
| Pretax return on assets | 1.27% |
| Return on equity (ROE) | 8.38% |
| Retained earnings to average equity (YTD only) | 4.79% |
| Net charge-offs to loans | 0.69% |
| Credit loss provision to net charge-offs | 102.39% |
| Efficiency ratio | 3.42% |
| Assets per employee | $64,589 |
| Cash dividends to net income (YTD only) | 2.87% |
| Condition Ratios (%) | |
| Loss allowance to loans | 42.83% |
| Loss allowance to noncurrent loans | 1.87% |
| Noncurrent assets plus other real estate owned to assets | 118.77% |
| Noncurrent loans to loans | 3.12% |
| Net loans and leases to deposits | 1.57% |
| Net loans and leases to core deposits | 95.08% |
| Equity capital to assets | 129.93% |
| Core capital (leverage) ratio | 10.54% |
| Tier 1 risk-based capital ratio | 9.51% |
| Total risk-based capital ratio | 11.19% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $161,399 |
| Average equity | $16,725 |
| Average loans | $142,896 |
| 8 Minnesota Branches as of Febuary 17, 2011 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 7013 | Northview Bank | 2203 Finland Avenue, Finlayson, MN 55735 | January 01, 1908 | Full Service Brick and Mortar |  |
| 1 | 223516 | Willow River Branch | 8132 County Highway 61, Willow River, MN 55795 | January 15, 1979 | Full Service Brick and Mortar |  |
| 2 | 223517 | Barnum Branch | 3842 Main Street, Barnum, MN 55707 | March 22, 1983 | Full Service Brick and Mortar | |
| 3 | 223518 | Cromwell Branch | 5584 Highway 210, Cardinal Building, Cromwell, MN 55726 | June 19, 1995 | Full Service Brick and Mortar | |
| 4 | 6231 | Floodwood Branch | 130 West 7th Avenue, Floodwood, MN 55736 | January 01, 1908 | Full Service Brick and Mortar | |
| 5 | 221096 | Drive-In Facility | Railroad Street, Floodwood, MN 55736 | August 07, 1974 | Limited Service Facility | |
| 6 | 432009 | Grand Rapids Branch | 411 Pokegma Avenue South, Grand Rapids, MN 55744 | July 27, 2004 | Full Service Brick and Mortar | |
| 8 | 3426 | Deer River Branch | 216 4th Street Se, Deer River, MN 56636 | May 14, 1908 | Full Service Brick and Mortar | |
Based on public records. Inadvertent errors are possible.
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