FDIC Certificate #: 32082 Status: Active Federal Reserve ID: 484776 Date Established: April 07, 1981 WWW:http://www.vikingsavings.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 7830 FDIC's unique #: 44916 Numeric code: 37 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: April 07, 1981 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 1311 Broadway, Alexandria, MN 56308 County: Douglas Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Fargo Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Alexandria, MN (#10820) CBSA Micro Statistical Area: Yes
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $160.9 mil Equity capital: $26.5 mil Deposits held in domestic offices: $122.0 mil Return on assets (ROA): 1.51% ($2.4 mil) Quarterly return on assets: 1.89% ($3.0 mil) Return on Equity (ROE): 9.25% ($2.4 mil) Quarterly return on equity: 11.50% ($3.0 mil) Net income: $2.4 mil Quarterly Net income: $0.8 mil Pretax return on assets: 1.51% ($2,429.3 mil) Quarterly Pretax return on assets: 1.89% ($3,040.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
29Total employees (full-time equivalent)
$160,878Total assets
$5,209Cash and due from depository institutions
$2,878Interest-bearing balances
$22,918Securities
$5,300Federal funds sold & reverse repurchase agreements
$111,492Net loans & leases
$2,142Loan loss allowance
$0Trading account assets
$1,250Bank premises and fixed assets
$692Other real estate owned
$11,198Goodwill and other intangibles
$160,878Life insurance assets
$2,819All other assets
$134,420Total liabilities and capital
$121,999Total liabilities
$114,719Total deposits
$121,999Interest-bearing deposits
$92Deposits held in domestic offices
866.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$10,250Trading liabilities
$0Other borrowed funds
$1,305Subordinated debt
$26,458All other liabilities
$26,458Total equity capital
$26,458Total bank equity capital
$0Perpetual preferred stock
$1,520Common stock
$21,420Surplus
$3,518Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,430Income earned, not collected on loans
$0Earning assets
$630Long-term assets (5+ years)
$142,588Average Assets, year-to-date
$0Average Assets, quarterly
$159,738Volatile liabilities
$160,836Insider loans
$103,830FHLB advances
$149,044Loans and leases held for sale
$935Unused loan commitments
$0Tier 1 (core) risk-based capital
$14,624Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$10,218Restructured Loans and leases
$3,343Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$8,103Total interest income
$2,117Total interest expense
$5,986Net interest income
$900Provision for loan and lease losses
$431Total noninterest income
$0Fiduciary activities
$48Service charges on deposit accounts
$0Trading account gains & fees
$383Additional noninterest income
$3,139Total noninterest expense
$1,613Salaries and employee benefits
$347Premises and equipment expense
$1,179Additional noninterest expense
$2,378Pre-tax net operating income
$36Securities gains (losses)
$2Applicable income taxes
$2,412Income before extraordinary items
$0Extraordinary gains - net
$2,412Net income attributable to bank
$0Net charge-offs
$2,412Cash dividends
-$290Sale, conversion, retirement of capital stock, net
$2,021Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.75%Yield on earning assets
1.50%Cost of funding earning assets
4.25%Net interest margin
0.31%Noninterest income to earning assets
2.23%Noninterest expense to earning assets
1.49%Net operating income to assets
1.51%Return on assets (ROA)
1.51%Pretax return on assets
9.25%Return on equity (ROE)
1.50%Retained earnings to average equity (YTD only)
-0.25%Net charge-offs to loans
-310.34%Credit loss provision to net charge-offs
0.00%Efficiency ratio
42,715Assets per employee
5.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
83.79%Loss allowance to loans
1.88%Loss allowance to noncurrent loans
88.15%Noncurrent assets plus other real estate owned to assets
1.94%Noncurrent loans to loans
2.14%Net loans and leases to deposits
91.39%Net loans and leases to core deposits
98.08%Equity capital to assets
16.45%Core capital (leverage) ratio
9.81%Tier 1 risk-based capital ratio
14.08%Total risk-based capital ratio
Memoranda
$15Average assets
$159,738Average earning assets
$26,075Average equity
$140,988Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
44916
Viking Savings Bank
1311 Broadway, Alexandria, MN 56308
April 07, 1981
Full Service Brick and Mortar
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