United Community Bank of North Dakota in Leeds, North Dakota (ND)
| United Community Bank of North Dakota | |
|---|---|
| General | FDIC Certificate #: 10249 Status: Active Federal Reserve ID: 680055 Bank Holding Company (Regulatory Top Holder): Leeds Holding Company (RSSDID: 1124088, Location: Leeds, ND) Date Established: January 01, 1912 WWW: http://www.ucbnd.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Domestic: 4, Interstate: No) FDIC's unique #: 6570 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural 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: 105 Central Avenue South, Leeds, ND 58346 County: Benson Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Grand Forks Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $236.0 mil Equity capital: $20.6 mil Deposits held in domestic offices: $210.3 mil Return on assets (ROA): 2.31% ($5.5 mil) Quarterly return on assets: 2.05% ($4.8 mil) Return on Equity (ROE): 27.48% ($5.8 mil) Quarterly return on equity: 23.56% ($4.9 mil) Net income: $5.0 mil Quarterly Net income: $1.2 mil Pretax return on assets: 2.45% ($5,781.5 mil) Quarterly Pretax return on assets: 2.15% ($5,073.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 37 |
| Total assets | $235,981 |
| Cash and due from depository institutions | $11,149 |
| Interest-bearing balances | $144 |
| Securities | $45,730 |
| Federal funds sold & reverse repurchase agreements | $10,000 |
| Net loans & leases | $159,520 |
| Loan loss allowance | $1,785 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,311 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $5,271 |
| Life insurance assets | $235,981 |
| Total liabilities and capital | $215,394 |
| Total liabilities | $210,333 |
| Total deposits | $167,568 |
| Interest-bearing deposits | $210,333 |
| Deposits held in domestic offices | $87 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $3,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $2,061 |
| All other liabilities | $20,587 |
| Total equity capital | $20,587 |
| Total bank equity capital | $20,587 |
| Perpetual preferred stock | $0 |
| Common stock | $800 |
| Surplus | $7,256 |
| Undivided profits | $12,531 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $2 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $2,457 |
| Average Assets, year-to-date | $215,394 |
| Average Assets, quarterly | $57,618 |
| Volatile liabilities | $215,802 |
| Insider loans | $231,269 |
| FHLB advances | $172,209 |
| Loans and leases held for sale | $236,848 |
| Unused loan commitments | $1,614 |
| Tier 1 (core) risk-based capital | $1,614 |
| Tier 2 risk-based capital | $19,177 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $28,312 |
| Derivatives | $590 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $12,048 |
| Total interest expense | $1,637 |
| Net interest income | $10,411 |
| Provision for loan and lease losses | $540 |
| Total noninterest income | $599 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $345 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $254 |
| Total noninterest expense | $5,318 |
| Salaries and employee benefits | $3,185 |
| Premises and equipment expense | $447 |
| Additional noninterest expense | $1,686 |
| Pre-tax net operating income | $5,152 |
| Securities gains (losses) | $145 |
| Applicable income taxes | $312 |
| Income before extraordinary items | $4,985 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $4,985 |
| Net charge-offs | $0 |
| Cash dividends | $4,985 |
| Sale, conversion, retirement of capital stock, net | $461 |
| Net operating income | $2,265 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.12% |
| Cost of funding earning assets | 0.83% |
| Net interest margin | 5.29% |
| Noninterest income to earning assets | 0.30% |
| Noninterest expense to earning assets | 2.70% |
| Net operating income to assets | 2.25% |
| Return on assets (ROA) | 2.31% |
| Pretax return on assets | 2.45% |
| Return on equity (ROE) | 27.48% |
| Retained earnings to average equity (YTD only) | 15.00% |
| Net charge-offs to loans | 0.30% |
| Credit loss provision to net charge-offs | 117.14% |
| Efficiency ratio | 12.35% |
| Assets per employee | $48,302 |
| Cash dividends to net income (YTD only) | 6.38% |
| Condition Ratios (%) | |
| Loss allowance to loans | 45.44% |
| Loss allowance to noncurrent loans | 1.11% |
| Noncurrent assets plus other real estate owned to assets | 89250.00% |
| Noncurrent loans to loans | 0.00% |
| Net loans and leases to deposits | 0.00% |
| Net loans and leases to core deposits | 75.84% |
| Equity capital to assets | 79.72% |
| Core capital (leverage) ratio | 8.72% |
| Tier 1 risk-based capital ratio | 8.10% |
| Total risk-based capital ratio | 11.14% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $215,802 |
| Average equity | $18,139 |
| Average loans | $196,771 |
| 4 North Dakota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6570 | United Community Bank Of North Dakot | 105 Central Avenue South, Leeds, ND 58346 | January 01, 1912 | Full Service Brick and Mortar |  |
| 2 | 2554 | Burlington Branch | Johnson Street South, Burlington, ND 58722 | January 01, 1906 | Full Service Brick and Mortar |  |
| 4 | 202148 | Drake Branch | 120 Main Street, Drake, ND 58736 | October 01, 1994 | Full Service Brick and Mortar | |
| 5 | 222038 | Minot Branch | 925 20th Avenue Southwest, Minot, ND 58702 | January 27, 1997 | Full Service Brick and Mortar | |
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