Venture Bank

Venture Bank is headquartered in Bloomington and is the 39^th largest bank in the state of Minnesota. It is also the 1,991^st largest bank in the nation. It was established in 2001 and as of March of 2012, it had grown to 67 employees at 3 locations. Venture Bank has a 5-star health rating.

Data for Q1 2012

Institution Statistics Venture Bank FDIC Certificate # 57249 BankRate Report View Year Established 2001 Employees 67 Primary Regulator FDIC Assets and Liabilities Assets $327.01 million Loans $257.23 million Deposits $297.48 million Equity Capital $28.11 million Loan Loss Allowance $5.31 million Unbacked Noncurrent Loans $1.94 million Real Estate Owned $471,000 Historic Data - March 2011 Assets $263.49 million Equity Capital $24.22 million Loan Loss Allowance $5.45 million Unbacked Noncurrent Loans $756,000 Real Estate Owned $1.11 million Profit Margin - Quarterly Net Interest Margin 4.98% Return on Assets 2.1% Return on Equity 24.7% Interest Income $4.24 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Venture Bank had $2.41 million in non-current loans and owned real-estate with $33.42 million in equity and loan loss allowances on hand to cover it. This gives Venture Bank a Texas Ratio of 7.21% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Venture Bank held steady from 5.36% as of March 31, 2011 to 7.21% as of March 31, 2012, resulting in a negative change of 34.71%. This indicates that the balance sheet and financial strength for Venture Bank has held steady in recent periods. Deposit Growth In the past year, Venture Bank has increased its total deposits by $60.23 million, resulting in 25.39% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Venture Bank has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Venture Bank has $327 million in assets with $33.42 million in equity, resulting in a capitalization level of 10.22%, which is above average.

No reviews have been left for this bank yet. Be the first to review.