The Union Bank in Beulah, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Union Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 21Total employees (full-time equivalent)
  • $77,497Total assets
  • $7,391Cash and due from depository institutions
  • $0Interest-bearing balances
  • $5,845Securities
  • $3,500Federal funds sold & reverse repurchase agreements
  • $56,641Net loans & leases
  • $701Loan loss allowance
  • $0Trading account assets
  • $1,294Bank premises and fixed assets
  • $593Other real estate owned
  • $0Goodwill and other intangibles
  • $77,497Life insurance assets
  • $2,233All other assets
  • $71,733Total liabilities and capital
  • $70,881Total liabilities
  • $57,838Total deposits
  • $70,881Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $300Other borrowed funds
  • $552Subordinated debt
  • $5,764All other liabilities
  • $5,764Total equity capital
  • $5,764Total bank equity capital
  • $500Perpetual preferred stock
  • $200Common stock
  • $1,300Surplus
  • $3,764Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $300Income earned, not collected on loans
  • $0Earning assets
  • $773Long-term assets (5+ years)
  • $65,986Average Assets, year-to-date
  • $8,291Average Assets, quarterly
  • $72,573Volatile liabilities
  • $75,803Insider loans
  • $59,937FHLB advances
  • $77,040Loans and leases held for sale
  • $844Unused loan commitments
  • $844Tier 1 (core) risk-based capital
  • $5,755Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,189Restructured Loans and leases
  • $1,159Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,604Total interest income
  • $872Total interest expense
  • $2,732Net interest income
  • $98Provision for loan and lease losses
  • $185Total noninterest income
  • $0Fiduciary activities
  • $102Service charges on deposit accounts
  • $0Trading account gains & fees
  • $83Additional noninterest income
  • $1,848Total noninterest expense
  • $1,174Salaries and employee benefits
  • $296Premises and equipment expense
  • $378Additional noninterest expense
  • $971Pre-tax net operating income
  • $0Securities gains (losses)
  • $321Applicable income taxes
  • $650Income before extraordinary items
  • $0Extraordinary gains - net
  • $650Net income attributable to bank
  • $0Net charge-offs
  • $650Cash dividends
  • $48Sale, conversion, retirement of capital stock, net
  • $154Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.87%Yield on earning assets
  • 1.42%Cost of funding earning assets
  • 4.45%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 3.01%Noninterest expense to earning assets
  • 0.90%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 11.77%Return on equity (ROE)
  • 8.98%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 204.17%Credit loss provision to net charge-offs
  • 22.27%Efficiency ratio
  • 63,353Assets per employee
  • 3.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 23.69%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 233.67%Noncurrent assets plus other real estate owned to assets
  • 1.15%Noncurrent loans to loans
  • 0.52%Net loans and leases to deposits
  • 79.91%Net loans and leases to core deposits
  • 81.38%Equity capital to assets
  • 7.44%Core capital (leverage) ratio
  • 7.47%Tier 1 risk-based capital ratio
  • 9.60%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $72,573Average earning assets
  • $5,522Average equity
  • $61,363Average loans

List of branches

  • 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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