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

This bank is inactive as of May 06, 2006

  • United Prairie Bank-Spicer in Spicer, Minnesota (MN)
  • Show street view No street view available for this location

United Prairie Bank-Spicer - Overview

  • General
  • FDIC Certificate #: 9347
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Prairie Bank (#10958)
    Federal Reserve ID: 862851
    Date Established: April 04, 1904
    WWW: http://www.unitedprairiebank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 12773
    FDIC's unique #: 5998
    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: May 06, 2006
    Last Structure Change Process Date: June 28, 2006
    Last Data Update: June 28, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 425 Access Drive, Spicer, MN 56288
    County: Kandiyohi
    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): Willmar, MN (#48820)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $63.8 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
  • 15Total employees (full-time equivalent)
  • $65,389Total assets
  • $1,488Cash and due from depository institutions
  • $60Interest-bearing balances
  • $10,125Securities
  • $3,110Federal funds sold & reverse repurchase agreements
  • $47,038Net loans & leases
  • $770Loan loss allowance
  • $0Trading account assets
  • $823Bank premises and fixed assets
  • $0Other real estate owned
  • $802Goodwill and other intangibles
  • $0Life insurance assets
  • $2,003All other assets
  • $65,389Total liabilities and capital
  • $59,345Total liabilities
  • $54,597Total deposits
  • $50,884Interest-bearing deposits
  • $54,597Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,500Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,625Other borrowed funds
  • $0Subordinated debt
  • $623All other liabilities
  • $6,044Total equity capital
  • $6,044Total bank equity capital
  • $6,044Perpetual preferred stock
  • $0Common stock
  • $125Surplus
  • $3,464Undivided profits
  • Memoranda
  • $2,455Noncurrent loans and leases
  • $8,346Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $481Average Assets, year-to-date
  • $60,333Average Assets, quarterly
  • $7,394Volatile liabilities
  • $62,580Insider loans
  • $65,056FHLB advances
  • $13,499Loans and leases held for sale
  • $715Unused loan commitments
  • $1,625Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,346Total unused commitments
  • $0Restructured Loans and leases
  • $640Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $3,898Total interest income
  • $1,319Total interest expense
  • $2,579Net interest income
  • $24Provision for loan and lease losses
  • $388Total noninterest income
  • $0Fiduciary activities
  • $154Service charges on deposit accounts
  • $0Trading account gains & fees
  • $234Additional noninterest income
  • $1,926Total noninterest expense
  • $884Salaries and employee benefits
  • $449Premises and equipment expense
  • $593Additional noninterest expense
  • $1,017Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,017Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,017Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $651Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.83%Yield on earning assets
  • 2.31%Cost of funding earning assets
  • 4.52%Net interest margin
  • 0.68%Noninterest income to earning assets
  • 3.37%Noninterest expense to earning assets
  • 1.63%Net operating income to assets
  • 1.63%Return on assets (ROA)
  • 1.63%Pretax return on assets
  • 17.73%Return on equity (ROE)
  • 6.38%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 64,914Assets per employee
  • 4.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 64.01%Loss allowance to loans
  • 1.61%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 86.15%Net loans and leases to core deposits
  • 107.89%Equity capital to assets
  • 9.24%Core capital (leverage) ratio
  • 8.04%Tier 1 risk-based capital ratio
  • 10.33%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $62,580Average earning assets
  • $5,737Average equity
  • $57,100Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with United Prairie Bank-Spicer.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents