The Union Bank in Beulah, North Dakota (ND)



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The Union Bank routing number info

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The Union Bank
GeneralFDIC Certificate #: 9420
Status: Active
Federal Reserve ID: 852254
Bank Holding Company (Regulatory Top Holder): Union Holding Company (RSSDID: 1126372, Location: Halliday, ND)
Date Established: January 01, 1899
WWW: http://www.theunionbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 6051
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
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
LocationAddress: 1400 Highway 49 North, Beulah, ND 58523
County: Mercer
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
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $77.5 mil
Equity capital: $5.8 mil
Deposits held in domestic offices: $70.9 mil
Return on assets (ROA): 0.90% ($0.7 mil)
Quarterly return on assets: 1.12% ($0.9 mil)
Return on Equity (ROE): 11.77% ($0.7 mil)
Quarterly return on equity: 14.87% ($0.9 mil)
Net income: $0.7 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.34% ($1,038.5 mil)
Quarterly Pretax return on assets: 1.23% ($953.2 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)
Total employees (full-time equivalent)21
Total assets$77,497
Cash and due from depository institutions$7,391
Interest-bearing balances$0
Securities$5,845
Federal funds sold & reverse repurchase agreements$3,500
Net loans & leases$56,641
Loan loss allowance $701
Trading account assets$0
Bank premises and fixed assets$1,294
Other real estate owned$593
Goodwill and other intangibles$0
All other assets$2,233
Life insurance assets$77,497
Total liabilities and capital$71,733
Total liabilities$70,881
Total deposits$57,838
Interest-bearing deposits$70,881
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $300
Subordinated debt $552
All other liabilities $5,764
Total equity capital$5,764
Total bank equity capital$5,764
Perpetual preferred stock$500
Common stock$200
Surplus$1,300
Undivided profits $3,764
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $300
Earning assets $0
Long-term assets (5+ years) $773
Average Assets, year-to-date $65,986
Average Assets, quarterly $8,291
Volatile liabilities $72,573
Insider loans $75,803
FHLB advances $59,937
Loans and leases held for sale $77,040
Unused loan commitments $844
Tier 1 (core) risk-based capital $844
Tier 2 risk-based capital $5,755
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,189
Derivatives$1,159
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,604
Total interest expense $872
Net interest income $2,732
Provision for loan and lease losses $98
Total noninterest income $185
Fiduciary activities $0
Service charges on deposit accounts $102
Trading account gains & fees $0
Additional noninterest income $83
Total noninterest expense $1,848
Salaries and employee benefits $1,174
Premises and equipment expense $296
Additional noninterest expense $378
Pre-tax net operating income $971
Securities gains (losses) $0
Applicable income taxes $321
Income before extraordinary items $650
Extraordinary gains - net $0
Net income attributable to bank $650
Net charge-offs $0
Cash dividends $650
Sale, conversion, retirement of capital stock, net $48
Net operating income $154
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.87%
Cost of funding earning assets 1.42%
Net interest margin 4.45%
Noninterest income to earning assets 0.30%
Noninterest expense to earning assets 3.01%
Net operating income to assets 0.90%
Return on assets (ROA) 0.90%
Pretax return on assets 1.34%
Return on equity (ROE) 11.77%
Retained earnings to average equity (YTD only) 8.98%
Net charge-offs to loans 0.09%
Credit loss provision to net charge-offs 204.17%
Efficiency ratio22.27%
Assets per employee$63,353
Cash dividends to net income (YTD only)3.69%
Condition Ratios (%)
Loss allowance to loans 23.69%
Loss allowance to noncurrent loans 1.22%
Noncurrent assets plus other real estate owned to assets 233.67%
Noncurrent loans to loans 1.15%
Net loans and leases to deposits0.52%
Net loans and leases to core deposits 79.91%
Equity capital to assets 81.38%
Core capital (leverage) ratio 7.44%
Tier 1 risk-based capital ratio 7.47%
Total risk-based capital ratio 9.60%
Memoranda
Average assets$11
Average earning assets$72,573
Average equity $5,522
Average loans $61,363
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3 North Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06051The Union Bank1400 Highway 49 North, Beulah, ND 58523January 01, 1899Full Service Brick and Mortar
1220109Halliday Branch13 Main Street, Halliday, ND 58636December 18, 1995Full Service Brick and Mortar
2437181The Union Bank - Hazen Branch222 7th Street Northwest, Hazen, ND 58545Febuary 14, 2005Full Service Brick and Mortar
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