🏦Bank Scorer

This institution is no longer active

Operations ceased on October 11, 2016. CRA examination history below reflects the period it was active.

FIRST ADVANTAGE BANK

COON RAPIDS, MN · Supervised by FDIC

Est. 2003FDIC #57,596RSSD: FDIC-57596
Part ofBORDER BANCSHARES INC→ View all charters
Satisfactory Same

Current rating · Exam: February 2011

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Needs Attention

ROA -0.16%

Institution Profile

FDIC BankFind

Address

9950 Foley Boulevard Nw, COON RAPIDS, MN

County

Anoka County

Established

September 2, 2003

Total Assets

$74M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

February 1, 2011

Exam Type

Small Bank

Regulator

FDIC
⚠️This exam is 15 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.
Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q3 2016Call Report / FDIC

Total Assets

$74M

Total Deposits

$61M

Net Loans

$34M

Net Income

$-89K

ROA

-0.16%

ROE

-1.35%

Risk-Based Capital

19.06%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

Mortgage Denial Rate62.69%Peer avg: 7.63%▼ Below avg

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Mortgage Lending

CFPB HMDA
YearApplicationsOrig. RateDenial Rate
20201,90315.87%62.69%
20196,68516.78%52.04%
20185,60018.55%52.27%

2024 national avg denial rate: 23.75% · Small bank avg: 7.63% · above-average shown in red

Rating History

CRA / FFIEC

Rating Trend

Stable

Based on last 2 exams

1 previous rating locked — dating back to 2005

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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