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



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Union State Bank of Fargo routing number info

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Union State Bank of Fargo
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)21
Total assets$69,906
Cash and due from depository institutions$7,288
Interest-bearing balances$4,534
Securities$2,649
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$57,367
Loan loss allowance $866
Trading account assets$0
Bank premises and fixed assets$1,240
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,362
Life insurance assets$69,906
Total liabilities and capital$63,901
Total liabilities$57,183
Total deposits$42,905
Interest-bearing deposits$57,183
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$6,383
Other borrowed funds $0
Subordinated debt $335
All other liabilities $6,005
Total equity capital$6,005
Total bank equity capital$6,005
Perpetual preferred stock$0
Common stock$1,423
Surplus$3,172
Undivided profits $1,410
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $801
Income earned, not collected on loans $184
Earning assets $0
Long-term assets (5+ years) $216
Average Assets, year-to-date $64,550
Average Assets, quarterly $7,367
Volatile liabilities $68,504
Insider loans $68,504
FHLB advances $52,204
Loans and leases held for sale $67,398
Unused loan commitments $88
Tier 1 (core) risk-based capital $88
Tier 2 risk-based capital $5,985
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,905
Derivatives$1,201
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,570
Total interest expense $717
Net interest income $2,853
Provision for loan and lease losses $100
Total noninterest income $780
Fiduciary activities $0
Service charges on deposit accounts $363
Trading account gains & fees $0
Additional noninterest income $417
Total noninterest expense $2,628
Salaries and employee benefits $1,366
Premises and equipment expense $502
Additional noninterest expense $760
Pre-tax net operating income $905
Securities gains (losses) $0
Applicable income taxes $340
Income before extraordinary items $565
Extraordinary gains - net $0
Net income attributable to bank $565
Net charge-offs $0
Cash dividends $565
Sale, conversion, retirement of capital stock, net $25
Net operating income $205
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.60%
Cost of funding earning assets 1.13%
Net interest margin 4.48%
Noninterest income to earning assets 1.22%
Noninterest expense to earning assets 4.12%
Net operating income to assets 0.82%
Return on assets (ROA) 0.82%
Pretax return on assets 1.32%
Return on equity (ROE) 9.64%
Retained earnings to average equity (YTD only) 6.14%
Net charge-offs to loans 0.04%
Credit loss provision to net charge-offs 400.00%
Efficiency ratio40.20%
Assets per employee$72,337
Cash dividends to net income (YTD only)3.33%
Condition Ratios (%)
Loss allowance to loans 36.28%
Loss allowance to noncurrent loans 1.49%
Noncurrent assets plus other real estate owned to assets 470.65%
Noncurrent loans to loans 0.26%
Net loans and leases to deposits0.32%
Net loans and leases to core deposits 100.32%
Equity capital to assets 101.23%
Core capital (leverage) ratio 8.59%
Tier 1 risk-based capital ratio 8.88%
Total risk-based capital ratio 11.46%
Memoranda
Average assets$13
Average earning assets$68,504
Average equity $5,862
Average loans $63,726
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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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