# VOYAGER BANK
EDEN PRAIRIE, MN · FDIC certificate 32173 · asset band $300M-1B · latest filing 2015-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 6 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $353.3M | |
| Deposits | $321.8M | |
| Loans and leases | $273.8M | |
| Total equity | $31.0M | |
| Loans / deposits | 84.18% (p59 of band) | 79.82% |
| Liquid assets / assets | 18.07% (p25 of band) | |
| Uninsured deposits / deposits | 23.28% (p64 of band) | 19.17% |
| Brokered deposits | 4.19% | |
| Wholesale funding | 4.19% (p42 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.39% (p10 of band) | 10.09% |
| Unrealized securities loss / equity | 0.65% (p30 of band) | 1.83% |
| AOCI / equity | 8.19% (p100 of band) | |
| ROA (annualized) | -1.78% (p0 of band) | 0.88% |
| Net interest margin | 3.75% (p64 of band) | 3.54% |
| Efficiency ratio | 80.71% (p79 of band) | |
| Noncurrent loans | 1.12% (p62 of band) | 0.85% |
| Net charge-offs (annualized) | -0.08% (p7 of band) | |
| Reserve coverage of noncurrent | 93.47% | |
| Real estate % of loans | 67% | |
| Construction % of loans | 83.93% (p86 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | -6.4% | |
| Employees | 56 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | brokered >10%, reserve under noncurrent |  |
| 2011-06 | 2 | losing money | brokered >10% |
| 2011-09 | 4 | capital falling, construction >100% equity |  |
| 2011-12 | 4 | expense ratio p90 | capital falling |
| 2012-03 | 4 | deposits shrinking, assets shrinking | losing money, expense ratio p90 |
| 2012-06 | 4 |  |  |
| 2012-09 | 3 |  | construction >100% equity |
| 2012-12 | 1 |  | deposits shrinking, assets shrinking |
| 2013-03 | 3 | deposits shrinking, assets shrinking |  |
| 2013-06 | 4 | liquid assets <10% |  |
| 2013-09 | 4 | expense ratio p90 | liquid assets <10% |
| 2013-12 | 4 |  |  |
| 2014-03 | 4 | capital falling, charge-offs p90 | deposits shrinking, assets shrinking |
| 2014-06 | 4 |  |  |
| 2014-09 | 2 |  | capital falling, charge-offs p90 |
| 2014-12 | 3 | uninsured deposits leaving |  |
| 2015-03 | 6 | capital falling, losing money, deposits shrinking, assets shrinking | expense ratio p90 |

## In the news (Google News, unfiltered, newest first; check the city)

- 2015-02-16 [Top Transactions: Former Voyager Bank CEO sells Wayzata home - Finance & Commerce](https://news.google.com/rss/articles/CBMingFBVV95cUxPS3J5blhBNThkSnNjRUEzNUVjMjIwRi1rYVFBMUZyRUxpYk5VM08xYk9sdG1tYkpyTVZiWVYwMDdBWnNCOGF4ZnhVYjM1dzA1akp1OE5VdVdrVm9oNDdQSFRqd09GR3Y5ejlTd2JZOXpyV3FlSi0xci14YmFLd093ZjgtTjdmcXlhWFN2aTVOYXhtNXBTN1E2Q19ueU1IUQ?oc=5) · Finance &amp; Commerce
- 2014-12-18 [Former CEO of Voyager Bank indicted - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxObUVtU2ZuMGRhLTRZaE5TbGs5YU5UWjR5M2pEeHhPdS1rSHZqUHJrdXdHZW1vd1Q4T3pKeHVBbmRZVlA1Tkg5YkdsbHdIZEh5NElIMmsxajhqaUZOSllyVE5oWEZyU0xlMW5MQWRRNUFnRTdmN0p5UTNid1YtZXdmTUNrTi16T1EwUU8zTDNwR0txUWFaVGFUS2Z6OC1JYjNOTnoxSVZ3?oc=5) · The Business Journals
- 2012-08-29 [District of Minnesota - Department of Justice (.gov)](https://news.google.com/rss/articles/CBMiY0FVX3lxTE9ORC1fZXNFMXU2MGhEcy1yNEhYSjlsUVZBTUlkaXNDUHNDM3ZtWlU5UzBmZy1YLWNsdEZVejlZek5LTU9ReV9ZQ1UtOVJ1X2t1Z1FEc25VbUM5UW5rYTE2bWhyYw?oc=5) · Department of Justice (.gov)
- 2016-05-25 [Former bank CEO Tim Owens gets 18 months in prison - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxQWGh1VERnNEFDbk14WERLUHBKNlk0SUtxaUZaaWRwVUhGR2JyUk13NlVwRlcyWEdvZzNBUGJTaGtWVGx1b1VYSkZvRU0xZDlWV1JLWkdWVVJXT3JNaXR2S0xHczhTYk5JSmNTT1JNNHNyaTlsSTNCVDZBaWxQX0ZZMFdsZy1CcUZYc1hUOS1qXzlCOXVrYjlRRk50SGNBWUkwblY0WA?oc=5) · The Business Journals
- 2019-02-26 [Robert "Bob" Jerome Dale, Jr. Obituary Feb 26, 2019 - Mankato Mortuary](https://news.google.com/rss/articles/CBMibkFVX3lxTE10NGVIcVBaemM1N3ZZRjZCeEFtVVYtcDJhaUZxcm5OZG03Y0tBRXJlTGdTc0Z3UXV0N2RyeEhTcUhadXdDa1I1N2RDN0pWZlhvZTF1WDg3YjdKQ1g2WnpJbGNZZzRtaHhoaEI3VTRB?oc=5) · Mankato Mortuary
- 2012-08-29 [Former Lakeville Mayor's Husband Pleads Guilty to Swindling Banks - Patch](https://news.google.com/rss/articles/CBMiowFBVV95cUxPVmUwVklGZHlvZGgxWmo5UE5kLUhJN3REVjR0UjJyTnpOTkoxazQ1RlVJektXTDdQbm9sbXZCdVZsSUdZVGJYaGwyMnNianYwZFUzY29zTEd4dlJ3a0lxcEpOZnhCMU1pYkQ2YzdQOVpKa2g0LVJrQjk5NVMxZkRnNHJRYzlEUnh2dzQ0Unh4anBlN25vbnYwemRBeDFtWFJtYjFr?oc=5) · Patch
- 2024-01-02 [Just Sold: Northstar Regional buys former bank - Finance & Commerce](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNZDhXSzBGYWhfd0dyZmNRekEwTTBQLVdoemtTQnA5aHBYZlRKYmJTcVEwMmd1MXU5TjVDUkc0OGxoLV84ZFdjXzkyY3BRdDgwM2xwNmlZSDliS2daSGEzeGI3NUx2Sk9TSElVb1pFdHlPa21OSHBwWXhZV1c1cFJ4OE41NlBMMTFGVjRR?oc=5) · Finance &amp; Commerce
- 2012-07-11 [District of Minnesota - Department of Justice (.gov)](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE5DOVJzVnVPT1BjNmRXSkJYUXlFdTFWYnNTZUNBNVltZEY1SnRwcnNRT2YzWFYyV0o0SUxYd1N4b1dvYWFaMGVFYjFDUmdJdVNrVjRZWkFobTNfcVBpLWZyMTZhN095RGs?oc=5) · Department of Justice (.gov)

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=32173 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/45.json (key "32173", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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