United Community Bank in Perham, Minnesota (MN)

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United Community Bank
GeneralFDIC Certificate #: 8544
Status: Active
Federal Reserve ID: 847157
Bank Holding Company (Regulatory Top Holder): Perham State Bancshares, Inc. (RSSDID: 1126242, Location: Perham, MN)
Date Established: January 01, 1911
WWW: http://www.ucbankmn.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)
OTS Docket #: 11950
FDIC's unique #: 5452
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: Yes
Asset Concentration Hierarchy: Commercial Lending 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: 155 Second Street, S.W., Perham, MN 56573
County: Otter Tail
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
Core Based Statistical Area (CBSA): Fergus Falls, MN (#22260)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $204.8 mil
Equity capital: $19.9 mil
Deposits held in domestic offices: $178.8 mil
Return on assets (ROA): 0.78% ($1.6 mil)
Quarterly return on assets: 0.64% ($1.3 mil)
Return on Equity (ROE): 8.41% ($1.7 mil)
Quarterly return on equity: 6.69% ($1.3 mil)
Net income: $1.6 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.78% ($1,597.8 mil)
Quarterly Pretax return on assets: 0.64% ($1,311.0 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)53
Total assets$204,842
Cash and due from depository institutions$25,928
Interest-bearing balances$18,422
Federal funds sold & reverse repurchase agreements$2,000
Net loans & leases$108,915
Loan loss allowance $1,606
Trading account assets$0
Bank premises and fixed assets$1,538
Other real estate owned$2,203
Goodwill and other intangibles$246
All other assets$6,430
Life insurance assets$204,842
Total liabilities and capital$184,972
Total liabilities$178,778
Total deposits$159,629
Interest-bearing deposits$178,778
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,439
Other borrowed funds $0
Subordinated debt $1,755
All other liabilities $19,870
Total equity capital$19,870
Total bank equity capital$19,870
Perpetual preferred stock$0
Common stock$200
Undivided profits $9,870
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,239
Income earned, not collected on loans $2,858
Earning assets $0
Long-term assets (5+ years) $1,010
Average Assets, year-to-date $186,919
Average Assets, quarterly $52,212
Volatile liabilities $200,365
Insider loans $204,676
FHLB advances $139,811
Loans and leases held for sale $204,330
Unused loan commitments $3,777
Tier 1 (core) risk-based capital $2,097
Tier 2 risk-based capital $18,456
Total risk weighted assets $0
Total unused commitments $1,680
Restructured Loans and leases $19,955
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,773
Total interest expense $1,973
Net interest income $6,800
Provision for loan and lease losses $480
Total noninterest income $889
Fiduciary activities $0
Service charges on deposit accounts $546
Trading account gains & fees $0
Additional noninterest income $343
Total noninterest expense $5,571
Salaries and employee benefits $3,051
Premises and equipment expense $960
Additional noninterest expense $1,560
Pre-tax net operating income $1,638
Securities gains (losses) -$69
Applicable income taxes $2
Income before extraordinary items $1,567
Extraordinary gains - net $0
Net income attributable to bank $1,567
Net charge-offs $0
Cash dividends $1,567
Sale, conversion, retirement of capital stock, net $436
Net operating income $364
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.78%
Cost of funding earning assets 1.07%
Net interest margin 3.70%
Noninterest income to earning assets 0.48%
Noninterest expense to earning assets 3.03%
Net operating income to assets 0.82%
Return on assets (ROA) 0.78%
Pretax return on assets 0.78%
Return on equity (ROE) 8.41%
Retained earnings to average equity (YTD only) 6.46%
Net charge-offs to loans 0.39%
Credit loss provision to net charge-offs 110.09%
Efficiency ratio4.86%
Assets per employee$72,454
Cash dividends to net income (YTD only)3.86%
Condition Ratios (%)
Loss allowance to loans 23.23%
Loss allowance to noncurrent loans 1.45%
Noncurrent assets plus other real estate owned to assets 56.19%
Noncurrent loans to loans 2.56%
Net loans and leases to deposits2.59%
Net loans and leases to core deposits 60.92%
Equity capital to assets 73.24%
Core capital (leverage) ratio 9.70%
Tier 1 risk-based capital ratio 9.03%
Total risk-based capital ratio 13.20%
Average assets$14
Average earning assets$200,365
Average equity $18,637
Average loans $183,596
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3 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05452United Community Bank155 Second Street, S.W., Perham, MN 56573January 01, 1911Full Service Brick and Mortar
15629Frazee Branch122 West Main Street, Frazee, MN 56544January 01, 1905Full Service Brick and Mortar
2464432Perham Branch211 Market Drive, Perham, MN 56573May 30, 2007Full Service Retail
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