VisionBank (MN)

VisionBank (MN) is headquartered in Saint Louis Park and is the 324^th largest bank in the state of Minnesota. It is also the 6,882^nd largest bank in the nation. It was established in 2005 and as of March of 2012, it had grown to 7 employees at 1 location. VisionBank (MN) has a 3-star health rating.

Data for Q1 2012

Institution Statistics VisionBank FDIC Certificate # 58063 BankRate Report View Year Established 2005 Employees 7 Primary Regulator FDIC Assets and Liabilities Assets $32.58 million Loans $25.30 million Deposits $28.64 million Equity Capital $3.88 million Loan Loss Allowance $635,000 Unbacked Noncurrent Loans $694,000 Real Estate Owned $1.08 million Historic Data - March 2011 Assets $35.30 million Equity Capital $3.59 million Loan Loss Allowance $675,000 Unbacked Noncurrent Loans $435,000 Real Estate Owned $2.81 million Profit Margin - Quarterly Net Interest Margin 4.36% Return on Assets 0.44% Return on Equity 3.63% Interest Income $413,000

Institution Health Overall Score: 3 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 VisionBank (MN) had $1.77 million in non-current loans and owned real-estate with $4.51 million in equity and loan loss allowances on hand to cover it. This gives VisionBank (MN) a Texas Ratio of 39.25% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for VisionBank (MN) decreased significantly from 76.20% as of March 31, 2011 to 39.25% as of March 31, 2012, resulting in a positive change of 48.49%.This indicates that the balance sheet and financial strength for VisionBank (MN) has improved significantly in recent periods. Deposit Growth In the past year, VisionBank (MN) has decreased its total deposits by -$2.97 million, resulting in -9.4% 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 VisionBank (MN) has shown is poor. 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. VisionBank (MN) has $32.58 million in assets with $4.51 million in equity, resulting in a capitalization level of 13.84%, which is excellent.

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