United Prairie Bank in Mountain Lake, Minnesota (MN)
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| United Prairie Bank | |
|---|---|
| General | FDIC Certificate #: 10958 Status: Active Federal Reserve ID: 712059 Bank Holding Company (Regulatory Top Holder): Farmers State Corporation (RSSDID: 1123885, Location: Mankato, MN) Date Established: July 21, 1919 WWW: http://www.unitedprairiebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 15 (Domestic: 15, Interstate: No) FDIC's unique #: 7015 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: May 06, 2009 Last Structure Change Process Date: May 06, 2009 Last Data Update: May 06, 2009 Data Source Date: April 05, 2012 |
| Location | Address: 1141 3rd Ave, Mountain Lake, MN 56159 County: Cottonwood Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Mankato Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West |
| History of Changes | Change in Location |
| Financial Summary | Total assets: $565.8 mil Equity capital: $58.8 mil Deposits held in domestic offices: $487.7 mil Return on assets (ROA): 1.11% ($6.3 mil) Quarterly return on assets: 1.13% ($6.4 mil) Return on Equity (ROE): 10.69% ($6.3 mil) Quarterly return on equity: 10.85% ($6.4 mil) Net income: $6.1 mil Quarterly Net income: $1.6 mil Pretax return on assets: 1.11% ($6,280.3 mil) Quarterly Pretax return on assets: 1.13% ($6,393.5 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 174 |
| Total assets | $565,796 |
| Cash and due from depository institutions | $15,615 |
| Interest-bearing balances | $1,863 |
| Securities | $98,700 |
| Federal funds sold & reverse repurchase agreements | $881 |
| Net loans & leases | $409,277 |
| Loan loss allowance | $6,207 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $17,727 |
| Other real estate owned | $1,516 |
| Goodwill and other intangibles | $9,127 |
| All other assets | $12,953 |
| Life insurance assets | $565,796 |
| Total liabilities and capital | $507,039 |
| Total liabilities | $487,679 |
| Total deposits | $435,192 |
| Interest-bearing deposits | $487,679 |
| Deposits held in domestic offices | $89 |
| % insured (estimated) | 4696.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $9,442 |
| Other borrowed funds | $0 |
| Subordinated debt | $5,222 |
| All other liabilities | $58,757 |
| Total equity capital | $58,757 |
| Total bank equity capital | $58,757 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $30,975 |
| Undivided profits | $27,682 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $7,506 |
| Income earned, not collected on loans | $4,107 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $4,323 |
| Average Assets, year-to-date | $510,721 |
| Average Assets, quarterly | $71,666 |
| Volatile liabilities | $546,362 |
| Insider loans | $559,123 |
| FHLB advances | $467,374 |
| Loans and leases held for sale | $549,584 |
| Unused loan commitments | $4,865 |
| Tier 1 (core) risk-based capital | $4,865 |
| Tier 2 risk-based capital | $48,107 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $87,111 |
| Derivatives | $14 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $25,957 |
| Total interest expense | $5,047 |
| Net interest income | $20,910 |
| Provision for loan and lease losses | $1,000 |
| Total noninterest income | $5,486 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,469 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $4,017 |
| Total noninterest expense | $19,377 |
| Salaries and employee benefits | $11,272 |
| Premises and equipment expense | $3,243 |
| Additional noninterest expense | $4,862 |
| Pre-tax net operating income | $6,019 |
| Securities gains (losses) | $36 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $6,055 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $6,055 |
| Net charge-offs | $0 |
| Cash dividends | $6,055 |
| Sale, conversion, retirement of capital stock, net | $843 |
| Net operating income | $3,596 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.25% |
| Cost of funding earning assets | 1.02% |
| Net interest margin | 4.23% |
| Noninterest income to earning assets | 1.11% |
| Noninterest expense to earning assets | 3.92% |
| Net operating income to assets | 1.10% |
| Return on assets (ROA) | 1.11% |
| Pretax return on assets | 1.11% |
| Return on equity (ROE) | 10.69% |
| Retained earnings to average equity (YTD only) | 4.34% |
| Net charge-offs to loans | 0.21% |
| Credit loss provision to net charge-offs | 118.62% |
| Efficiency ratio | 8.33% |
| Assets per employee | $73,087 |
| Cash dividends to net income (YTD only) | 3.25% |
| Condition Ratios (%) | |
| Loss allowance to loans | 59.39% |
| Loss allowance to noncurrent loans | 1.49% |
| Noncurrent assets plus other real estate owned to assets | 151.13% |
| Noncurrent loans to loans | 0.99% |
| Net loans and leases to deposits | 0.99% |
| Net loans and leases to core deposits | 83.92% |
| Equity capital to assets | 87.94% |
| Core capital (leverage) ratio | 10.38% |
| Tier 1 risk-based capital ratio | 8.75% |
| Total risk-based capital ratio | 10.29% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $546,362 |
| Average equity | $56,663 |
| Average loans | $494,821 |
| 15 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 7015 | United Prairie Bank | 1141 3rd Ave, Mountain Lake, MN 56159 | July 21, 1919 | Full Service Brick and Mortar |  |
| 1 | 7024 | Round Lake Branch | 146 Main Street, Round Lake, MN 56167 | July 03, 1911 | Full Service Brick and Mortar |  |
| 2 | 223527 | Worthington Branch | 905 Mcmillan Stree6t, Worthington, MN 56187 | July 02, 1984 | Full Service Brick and Mortar | |
| 3 | 3544 | Wilmont Branch | 323 Fourth Avenue, Wilmont, MN 56185 | April 13, 1900 | Full Service Brick and Mortar | |
| 5 | 362736 | Windom Branch | 1545 First Avenue North, Windom, MN 56101 | September 10, 2001 | Full Service Brick and Mortar | |
| 7 | 5218 | United Prairie Bank New Ulm Branch | 200 North Broadway, New Ulm, MN 56073 | November 01, 1919 | Full Service Brick and Mortar | |
| 8 | 6781 | United Prairie Bank Madison Branch | 303 6th Avenue, Madison, MN 56256 | April 08, 1891 | Full Service Brick and Mortar | |
| 9 | 238526 | Detached Facility | 689 Sixth Street, Dawson, MN 56232 | July 06, 1982 | Full Service Brick and Mortar | |
| 10 | 6001 | United Prairie Bank Jackson Branch | 202 Grant Street, Jackson, MN 56143 | January 01, 1934 | Full Service Brick and Mortar | |
| 11 | 1291 | United Prairie Bank - Owatonna Branc | 110 West Rose Street, Owatonna, MN 55060 | July 15, 1915 | Full Service Brick and Mortar | |
| 12 | 190427 | South Cedar Branch | 1801 South Cedar, Owatonna, MN 55060 | July 01, 1996 | Full Service Brick and Mortar | |
| 13 | 427066 | Waseca Branch | 1509 North State Street, Waseca, MN 56093 | March 05, 2004 | Full Service Brick and Mortar | |
| 14 | 5998 | United Prairie Bank - Spicer Branch | 425 Access Drive, Spicer, MN 56288 | April 04, 1904 | Full Service Brick and Mortar | |
| 15 | 453058 | United Prairie Bank - Mankato Office | 10 Firestone Drive, Mankato, MN 56001 | March 06, 2006 | Full Service Brick and Mortar | |
| 16 | 496081 | Mankato Branch - Civic Center Plaza | 3 Civic Center Plaza, Mankato, MN 56001 | October 22, 2009 | Full Service Brick and Mortar | |
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