United Community Bank in Perham, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

United Community Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 53Total employees (full-time equivalent)
  • $204,842Total assets
  • $25,928Cash and due from depository institutions
  • $18,422Interest-bearing balances
  • $57,582Securities
  • $2,000Federal funds sold & reverse repurchase agreements
  • $108,915Net loans & leases
  • $1,606Loan loss allowance
  • $0Trading account assets
  • $1,538Bank premises and fixed assets
  • $2,203Other real estate owned
  • $246Goodwill and other intangibles
  • $204,842Life insurance assets
  • $6,430All other assets
  • $184,972Total liabilities and capital
  • $178,778Total liabilities
  • $159,629Total deposits
  • $178,778Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,439Trading liabilities
  • $0Other borrowed funds
  • $1,755Subordinated debt
  • $19,870All other liabilities
  • $19,870Total equity capital
  • $19,870Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $9,800Surplus
  • $9,870Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,239Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,858Income earned, not collected on loans
  • $0Earning assets
  • $1,010Long-term assets (5+ years)
  • $186,919Average Assets, year-to-date
  • $52,212Average Assets, quarterly
  • $200,365Volatile liabilities
  • $204,676Insider loans
  • $139,811FHLB advances
  • $204,330Loans and leases held for sale
  • $3,777Unused loan commitments
  • $2,097Tier 1 (core) risk-based capital
  • $18,456Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,680Total unused commitments
  • $19,955Restructured Loans and leases
  • $505Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,773Total interest income
  • $1,973Total interest expense
  • $6,800Net interest income
  • $480Provision for loan and lease losses
  • $889Total noninterest income
  • $0Fiduciary activities
  • $546Service charges on deposit accounts
  • $0Trading account gains & fees
  • $343Additional noninterest income
  • $5,571Total noninterest expense
  • $3,051Salaries and employee benefits
  • $960Premises and equipment expense
  • $1,560Additional noninterest expense
  • $1,638Pre-tax net operating income
  • -$69Securities gains (losses)
  • $2Applicable income taxes
  • $1,567Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,567Net income attributable to bank
  • $0Net charge-offs
  • $1,567Cash dividends
  • $436Sale, conversion, retirement of capital stock, net
  • $364Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.78%Yield on earning assets
  • 1.07%Cost of funding earning assets
  • 3.70%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 3.03%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.78%Return on assets (ROA)
  • 0.78%Pretax return on assets
  • 8.41%Return on equity (ROE)
  • 6.46%Retained earnings to average equity (YTD only)
  • 0.39%Net charge-offs to loans
  • 110.09%Credit loss provision to net charge-offs
  • 4.86%Efficiency ratio
  • 72,454Assets per employee
  • 3.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 23.23%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 56.19%Noncurrent assets plus other real estate owned to assets
  • 2.56%Noncurrent loans to loans
  • 2.59%Net loans and leases to deposits
  • 60.92%Net loans and leases to core deposits
  • 73.24%Equity capital to assets
  • 9.70%Core capital (leverage) ratio
  • 9.03%Tier 1 risk-based capital ratio
  • 13.20%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $200,365Average earning assets
  • $18,637Average equity
  • $183,596Average loans

List of branches

  • 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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