FDIC Certificate #: 57596 Status: Active Federal Reserve ID: 3195064 Bank Holding Company (Regulatory Top Holder): First Advantage Bancshares, Inc. (RSSDID: 3195055, Location: Coon Rapids, MN) Date Established: September 02, 2003 WWW:http://www.firstadvantagebank.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 #: 366281 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: September 02, 2003 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: 9950 Foley Boulevard Nw, Coon Rapids, MN 55433 County: Anoka 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: $62.9 mil Equity capital: $6.3 mil Deposits held in domestic offices: $53.3 mil Return on assets (ROA): 0.20% ($0.1 mil) Quarterly return on assets: 0.36% ($0.2 mil) Return on Equity (ROE): 1.99% ($0.1 mil) Quarterly return on equity: 3.46% ($0.2 mil) Net income: $0.1 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.33% ($207.6 mil) Quarterly Pretax return on assets: 0.59% ($371.2 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
9Total employees (full-time equivalent)
$62,923Total assets
$4,440Cash and due from depository institutions
$2,605Interest-bearing balances
$21,534Securities
$0Federal funds sold & reverse repurchase agreements
$32,289Net loans & leases
$559Loan loss allowance
$0Trading account assets
$1,580Bank premises and fixed assets
$1,711Other real estate owned
$0Goodwill and other intangibles
$62,923Life insurance assets
$1,369All other assets
$56,584Total liabilities and capital
$53,263Total liabilities
$44,955Total deposits
$53,263Interest-bearing deposits
$80Deposits held in domestic offices
3251.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$70Subordinated debt
$6,339All other liabilities
$6,339Total equity capital
$6,339Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$7,405Surplus
$-1,166Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,557Income earned, not collected on loans
$0Earning assets
$219Long-term assets (5+ years)
$56,428Average Assets, year-to-date
$23,947Average Assets, quarterly
$59,839Volatile liabilities
$61,928Insider loans
$38,104FHLB advances
$60,579Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,600Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$6,176Restructured Loans and leases
$773Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,450Total interest income
$592Total interest expense
$1,858Net interest income
$177Provision for loan and lease losses
$118Total noninterest income
$0Fiduciary activities
$127Service charges on deposit accounts
$0Trading account gains & fees
-$9Additional noninterest income
$1,682Total noninterest expense
$942Salaries and employee benefits
$136Premises and equipment expense
$604Additional noninterest expense
$117Pre-tax net operating income
$78Securities gains (losses)
$78Applicable income taxes
$117Income before extraordinary items
$0Extraordinary gains - net
$117Net income attributable to bank
$0Net charge-offs
$117Cash dividends
$643Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.56%Yield on earning assets
1.10%Cost of funding earning assets
3.46%Net interest margin
0.22%Noninterest income to earning assets
3.13%Noninterest expense to earning assets
0.11%Net operating income to assets
0.20%Return on assets (ROA)
0.33%Pretax return on assets
1.99%Return on equity (ROE)
1.99%Retained earnings to average equity (YTD only)
1.80%Net charge-offs to loans
27.53%Credit loss provision to net charge-offs
0.46%Efficiency ratio
85,121Assets per employee
6.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.70%Loss allowance to noncurrent loans
21.86%Noncurrent assets plus other real estate owned to assets
6.78%Noncurrent loans to loans
7.78%Net loans and leases to deposits
60.62%Net loans and leases to core deposits
64.86%Equity capital to assets
10.07%Core capital (leverage) ratio
9.24%Tier 1 risk-based capital ratio
14.70%Total risk-based capital ratio
Memoranda
$16Average assets
$59,839Average earning assets
$5,882Average equity
$53,730Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
366281
First Advantage Bank
9950 Foley Boulevard Nw, Coon Rapids, MN 55433
September 02, 2003
Full Service Brick and Mortar
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