FDIC Certificate #: 22242 Status: Active Federal Reserve ID: 689759 Date Established: March 15, 1976 WWW:http://www.ubtmn.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 15457 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: March 15, 1976 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: 312 Central Avenue, Minneapolis, MN 55414 County: Hennepin Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $86.4 mil Equity capital: $10.0 mil Deposits held in domestic offices: $76.1 mil Return on assets (ROA): -0.09% (-$0.1 mil) Quarterly return on assets: -0.12% (-$0.1 mil) Return on Equity (ROE): -0.71% (-$0.1 mil) Quarterly return on equity: -0.95% (-$0.1 mil) Net income: -$0.1 mil Quarterly Net income: -$0.0 mil Pretax return on assets: -0.28% (-$241.9 mil) Quarterly Pretax return on assets: -0.20% (-$172.8 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
27Total employees (full-time equivalent)
$86,386Total assets
$34,499Cash and due from depository institutions
$18,484Interest-bearing balances
$25,369Securities
$838Federal funds sold & reverse repurchase agreements
$22,818Net loans & leases
$424Loan loss allowance
$0Trading account assets
$380Bank premises and fixed assets
$1,138Other real estate owned
$0Goodwill and other intangibles
$86,386Life insurance assets
$1,344All other assets
$76,339Total liabilities and capital
$76,133Total liabilities
$33,661Total deposits
$76,133Interest-bearing deposits
$92Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$206Subordinated debt
$10,047All other liabilities
$10,047Total equity capital
$10,047Total bank equity capital
$0Perpetual preferred stock
$1,133Common stock
$3,752Surplus
$5,162Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$285Income earned, not collected on loans
$0Earning assets
$313Long-term assets (5+ years)
$67,509Average Assets, year-to-date
$4,626Average Assets, quarterly
$79,533Volatile liabilities
$81,059Insider loans
$32,295FHLB advances
$86,334Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$9,750Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,277Restructured Loans and leases
$1,193Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,194Total interest income
$345Total interest expense
$1,849Net interest income
$449Provision for loan and lease losses
$2,470Total noninterest income
$2,197Fiduciary activities
$215Service charges on deposit accounts
$0Trading account gains & fees
$58Additional noninterest income
$4,097Total noninterest expense
$2,239Salaries and employee benefits
$438Premises and equipment expense
$1,420Additional noninterest expense
-$227Pre-tax net operating income
$6Securities gains (losses)
-$148Applicable income taxes
-$73Income before extraordinary items
$0Extraordinary gains - net
-$73Net income attributable to bank
$0Net charge-offs
-$73Cash dividends
$404Sale, conversion, retirement of capital stock, net
$183Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.08%Yield on earning assets
0.48%Cost of funding earning assets
2.60%Net interest margin
3.47%Noninterest income to earning assets
5.75%Noninterest expense to earning assets
-0.10%Net operating income to assets
-0.09%Return on assets (ROA)
-0.28%Pretax return on assets
-0.71%Return on equity (ROE)
-2.50%Retained earnings to average equity (YTD only)
1.85%Net charge-offs to loans
111.14%Credit loss provision to net charge-offs
0.55%Efficiency ratio
94,860Assets per employee
3.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
-250.68%Loss allowance to loans
1.82%Loss allowance to noncurrent loans
148.77%Noncurrent assets plus other real estate owned to assets
1.65%Noncurrent loans to loans
1.23%Net loans and leases to deposits
29.97%Net loans and leases to core deposits
30.81%Equity capital to assets
11.63%Core capital (leverage) ratio
11.29%Tier 1 risk-based capital ratio
30.19%Total risk-based capital ratio
Memoranda
$31Average assets
$79,533Average earning assets
$10,230Average equity
$71,218Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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