Union State Bank of Fargo in Fargo, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Union State Bank of Fargo in Fargo, North Dakota (ND)
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Union State Bank of Fargo - Overview

  • General
  • FDIC Certificate #: 20776
    Status: Active
    Federal Reserve ID: 968557
    Bank Holding Company (Regulatory Top Holder): Union Bancshares, Inc. (RSSDID: 2593506, Location: Fargo, ND)
    Date Established: August 21, 1972
    WWW: http://www.unionstatebankfargo.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 #: 14350
    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: Commercial Lending Specialization
    Date of Deposit Insurance: August 21, 1972
    Last Structure Change Effective Date: January 02, 2007
    Last Structure Change Process Date: January 30, 2007
    Last Data Update: January 30, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 4530 17th Avenue South, Fargo, ND 58103
    County: Cass
    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
    Metropolitan Statistical Area (MSA): Fargo-Moorhead, ND-MN (#2520)
    Combined Statistical Area (CSA): Fargo-Wahpeton, ND-MN (#244)
    Core Based Statistical Area (CBSA): Fargo, ND-MN (#22020)
    CBSA Metro Statistical Area: Fargo, ND-MN (#22020)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $69.9 mil
    Equity capital: $6.0 mil
    Deposits held in domestic offices: $57.2 mil
    Return on assets (ROA): 0.82% ($0.6 mil)
    Quarterly return on assets: 0.82% ($0.6 mil)
    Return on Equity (ROE): 9.64% ($0.6 mil)
    Quarterly return on equity: 9.27% ($0.6 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.32% ($922.8 mil)
    Quarterly Pretax return on assets: 1.22% ($852.9 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)
  • $69,906Total assets
  • $7,288Cash and due from depository institutions
  • $4,534Interest-bearing balances
  • $2,649Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $57,367Net loans & leases
  • $866Loan loss allowance
  • $0Trading account assets
  • $1,240Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $69,906Life insurance assets
  • $1,362All other assets
  • $63,901Total liabilities and capital
  • $57,183Total liabilities
  • $42,905Total deposits
  • $57,183Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,383Trading liabilities
  • $0Other borrowed funds
  • $335Subordinated debt
  • $6,005All other liabilities
  • $6,005Total equity capital
  • $6,005Total bank equity capital
  • $0Perpetual preferred stock
  • $1,423Common stock
  • $3,172Surplus
  • $1,410Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $801Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $184Income earned, not collected on loans
  • $0Earning assets
  • $216Long-term assets (5+ years)
  • $64,550Average Assets, year-to-date
  • $7,367Average Assets, quarterly
  • $68,504Volatile liabilities
  • $68,504Insider loans
  • $52,204FHLB advances
  • $67,398Loans and leases held for sale
  • $88Unused loan commitments
  • $88Tier 1 (core) risk-based capital
  • $5,985Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,905Restructured Loans and leases
  • $1,201Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,570Total interest income
  • $717Total interest expense
  • $2,853Net interest income
  • $100Provision for loan and lease losses
  • $780Total noninterest income
  • $0Fiduciary activities
  • $363Service charges on deposit accounts
  • $0Trading account gains & fees
  • $417Additional noninterest income
  • $2,628Total noninterest expense
  • $1,366Salaries and employee benefits
  • $502Premises and equipment expense
  • $760Additional noninterest expense
  • $905Pre-tax net operating income
  • $0Securities gains (losses)
  • $340Applicable income taxes
  • $565Income before extraordinary items
  • $0Extraordinary gains - net
  • $565Net income attributable to bank
  • $0Net charge-offs
  • $565Cash dividends
  • $25Sale, conversion, retirement of capital stock, net
  • $205Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.60%Yield on earning assets
  • 1.13%Cost of funding earning assets
  • 4.48%Net interest margin
  • 1.22%Noninterest income to earning assets
  • 4.12%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 1.32%Pretax return on assets
  • 9.64%Return on equity (ROE)
  • 6.14%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 400.00%Credit loss provision to net charge-offs
  • 40.20%Efficiency ratio
  • 72,337Assets per employee
  • 3.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 36.28%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 470.65%Noncurrent assets plus other real estate owned to assets
  • 0.26%Noncurrent loans to loans
  • 0.32%Net loans and leases to deposits
  • 100.32%Net loans and leases to core deposits
  • 101.23%Equity capital to assets
  • 8.59%Core capital (leverage) ratio
  • 8.88%Tier 1 risk-based capital ratio
  • 11.46%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $68,504Average earning assets
  • $5,862Average equity
  • $63,726Average loans

List of branches

  • 3 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014350Union State Bank Of Fargo4530 17th Avenue South, Fargo, ND 58103August 21, 1972Full Service Brick and Mortar
    1251677West Acres Shopping Center Branch3902 13th Avenue Southwest, Suite 245, Fargo, ND 58103April 01, 1974Full Service Brick and Mortar
    2251678Union Center Branch3820 12th Avenue Nw, Fargo, ND 58102December 07, 1998Full Service Brick and Mortar

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