United Prairie Bank-New Ulm in New Ulm, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 10, 2006

  • United Prairie Bank-New Ulm in New Ulm, Minnesota (MN)
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United Prairie Bank-New Ulm - Overview

  • General
  • FDIC Certificate #: 8192
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Prairie Bank (#10958)
    Federal Reserve ID: 912055
    Date Established: November 01, 1919
    WWW: http://www.unitedprairiebank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 5218
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 10, 2006
    Last Structure Change Process Date: June 22, 2006
    Last Data Update: June 22, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 North Broadway, New Ulm, MN 56073
    County: Brown
    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
    Core Based Statistical Area (CBSA): New Ulm, MN (#35580)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $32.6 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, 2005)

  • Dollar figures in thousands
  • 9Total employees (full-time equivalent)
  • $33,310Total assets
  • $1,089Cash and due from depository institutions
  • $0Interest-bearing balances
  • $6,528Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $23,234Net loans & leases
  • $361Loan loss allowance
  • $0Trading account assets
  • $598Bank premises and fixed assets
  • $0Other real estate owned
  • $1,332Goodwill and other intangibles
  • $0Life insurance assets
  • $529All other assets
  • $33,310Total liabilities and capital
  • $29,305Total liabilities
  • $25,954Total deposits
  • $24,356Interest-bearing deposits
  • $25,954Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,750Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,364Other borrowed funds
  • $0Subordinated debt
  • $237All other liabilities
  • $4,005Total equity capital
  • $4,005Total bank equity capital
  • $4,005Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $2,497Undivided profits
  • Memoranda
  • $1,008Noncurrent loans and leases
  • $2,157Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $35Earning assets
  • $0Long-term assets (5+ years)
  • $320Average Assets, year-to-date
  • $29,762Average Assets, quarterly
  • $3,728Volatile liabilities
  • $32,359Insider loans
  • $33,073FHLB advances
  • $7,364Loans and leases held for sale
  • $0Unused loan commitments
  • $1,200Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,157Total unused commitments
  • $0Restructured Loans and leases
  • $324Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $1,943Total interest income
  • $573Total interest expense
  • $1,370Net interest income
  • $24Provision for loan and lease losses
  • $233Total noninterest income
  • $0Fiduciary activities
  • $157Service charges on deposit accounts
  • $0Trading account gains & fees
  • $76Additional noninterest income
  • $990Total noninterest expense
  • $448Salaries and employee benefits
  • $126Premises and equipment expense
  • $416Additional noninterest expense
  • $589Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $589Income before extraordinary items
  • $0Extraordinary gains - net
  • $589Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3Sale, conversion, retirement of capital stock, net
  • $521Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.73%Yield on earning assets
  • 1.98%Cost of funding earning assets
  • 4.74%Net interest margin
  • 0.81%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 1.82%Net operating income to assets
  • 1.82%Return on assets (ROA)
  • 1.82%Pretax return on assets
  • 15.13%Return on equity (ROE)
  • 1.75%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 800.00%Credit loss provision to net charge-offs
  • 204.33%Efficiency ratio
  • 61,759Assets per employee
  • 3.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 88.46%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 1031.43%Noncurrent assets plus other real estate owned to assets
  • 0.11%Noncurrent loans to loans
  • 0.15%Net loans and leases to deposits
  • 89.52%Net loans and leases to core deposits
  • 113.04%Equity capital to assets
  • 12.02%Core capital (leverage) ratio
  • 8.72%Tier 1 risk-based capital ratio
  • 10.57%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $32,359Average earning assets
  • $3,894Average equity
  • $28,881Average loans

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