United Prairie Bank in Mountain Lake, Minnesota (MN)

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United Prairie Bank routing number info

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United Prairie Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)174
Total assets$565,796
Cash and due from depository institutions$15,615
Interest-bearing balances$1,863
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
Undivided profits $27,682
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
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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
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.25%
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 ratio8.33%
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 deposits0.99%
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%
Average assets$12
Average earning assets$546,362
Average equity $56,663
Average loans $494,821
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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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