United Prairie Bank in Mountain Lake, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

United Prairie Bank - Overview

  • 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)

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
  • 174Total employees (full-time equivalent)
  • $565,796Total assets
  • $15,615Cash and due from depository institutions
  • $1,863Interest-bearing balances
  • $98,700Securities
  • $881Federal funds sold & reverse repurchase agreements
  • $409,277Net loans & leases
  • $6,207Loan loss allowance
  • $0Trading account assets
  • $17,727Bank premises and fixed assets
  • $1,516Other real estate owned
  • $9,127Goodwill and other intangibles
  • $565,796Life insurance assets
  • $12,953All other assets
  • $507,039Total liabilities and capital
  • $487,679Total liabilities
  • $435,192Total deposits
  • $487,679Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 4696.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $9,442Trading liabilities
  • $0Other borrowed funds
  • $5,222Subordinated debt
  • $58,757All other liabilities
  • $58,757Total equity capital
  • $58,757Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $30,975Surplus
  • $27,682Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $7,506Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,107Income earned, not collected on loans
  • $0Earning assets
  • $4,323Long-term assets (5+ years)
  • $510,721Average Assets, year-to-date
  • $71,666Average Assets, quarterly
  • $546,362Volatile liabilities
  • $559,123Insider loans
  • $467,374FHLB advances
  • $549,584Loans and leases held for sale
  • $4,865Unused loan commitments
  • $4,865Tier 1 (core) risk-based capital
  • $48,107Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $87,111Restructured Loans and leases
  • $14Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $25,957Total interest income
  • $5,047Total interest expense
  • $20,910Net interest income
  • $1,000Provision for loan and lease losses
  • $5,486Total noninterest income
  • $0Fiduciary activities
  • $1,469Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,017Additional noninterest income
  • $19,377Total noninterest expense
  • $11,272Salaries and employee benefits
  • $3,243Premises and equipment expense
  • $4,862Additional noninterest expense
  • $6,019Pre-tax net operating income
  • $36Securities gains (losses)
  • $0Applicable income taxes
  • $6,055Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,055Net income attributable to bank
  • $0Net charge-offs
  • $6,055Cash dividends
  • $843Sale, conversion, retirement of capital stock, net
  • $3,596Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 4.23%Net interest margin
  • 1.11%Noninterest income to earning assets
  • 3.92%Noninterest expense to earning assets
  • 1.10%Net operating income to assets
  • 1.11%Return on assets (ROA)
  • 1.11%Pretax return on assets
  • 10.69%Return on equity (ROE)
  • 4.34%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 118.62%Credit loss provision to net charge-offs
  • 8.33%Efficiency ratio
  • 73,087Assets per employee
  • 3.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 59.39%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 151.13%Noncurrent assets plus other real estate owned to assets
  • 0.99%Noncurrent loans to loans
  • 0.99%Net loans and leases to deposits
  • 83.92%Net loans and leases to core deposits
  • 87.94%Equity capital to assets
  • 10.38%Core capital (leverage) ratio
  • 8.75%Tier 1 risk-based capital ratio
  • 10.29%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $546,362Average earning assets
  • $56,663Average equity
  • $494,821Average loans

List of branches

  • 15 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07015United Prairie Bank1141 3rd Ave, Mountain Lake, MN 56159July 21, 1919Full Service Brick and Mortar
    17024Round Lake Branch146 Main Street, Round Lake, MN 56167July 03, 1911Full Service Brick and Mortar
    2223527Worthington Branch905 Mcmillan Stree6t, Worthington, MN 56187July 02, 1984Full Service Brick and Mortar
    33544Wilmont Branch323 Fourth Avenue, Wilmont, MN 56185April 13, 1900Full Service Brick and Mortar
    5362736Windom Branch1545 First Avenue North, Windom, MN 56101September 10, 2001Full Service Brick and Mortar
    75218United Prairie Bank New Ulm Branch200 North Broadway, New Ulm, MN 56073November 01, 1919Full Service Brick and Mortar
    86781United Prairie Bank Madison Branch303 6th Avenue, Madison, MN 56256April 08, 1891Full Service Brick and Mortar
    9238526Detached Facility689 Sixth Street, Dawson, MN 56232July 06, 1982Full Service Brick and Mortar
    106001United Prairie Bank Jackson Branch202 Grant Street, Jackson, MN 56143January 01, 1934Full Service Brick and Mortar
    111291United Prairie Bank - Owatonna Branc110 West Rose Street, Owatonna, MN 55060July 15, 1915Full Service Brick and Mortar
    12190427South Cedar Branch1801 South Cedar, Owatonna, MN 55060July 01, 1996Full Service Brick and Mortar
    13427066Waseca Branch1509 North State Street, Waseca, MN 56093March 05, 2004Full Service Brick and Mortar
    145998United Prairie Bank - Spicer Branch425 Access Drive, Spicer, MN 56288April 04, 1904Full Service Brick and Mortar
    15453058United Prairie Bank - Mankato Office10 Firestone Drive, Mankato, MN 56001March 06, 2006Full Service Brick and Mortar
    16496081Mankato Branch - Civic Center Plaza3 Civic Center Plaza, Mankato, MN 56001October 22, 2009Full Service Brick and Mortar

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