United Southwest Bank in Cottonwood, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


United Southwest Bank - Overview

  • General
  • FDIC Certificate #: 10208
    Status: Active
    Federal Reserve ID: 343257
    Bank Holding Company (Regulatory Top Holder): Empire Bancshares, Inc. (RSSDID: 1124930, Location: Cottonwood, MN)
    Date Established: January 01, 1916
    WWW: http://www.unitedswbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 6547
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 West Main Street, Cottonwood, MN 56229
    County: Lyon
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Marshall, MN (#32140)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $43.7 mil
    Equity capital: $3.7 mil
    Deposits held in domestic offices: $39.6 mil
    Return on assets (ROA): 0.77% ($0.3 mil)
    Quarterly return on assets: 0.95% ($0.4 mil)
    Return on Equity (ROE): 9.73% ($0.4 mil)
    Quarterly return on equity: 11.28% ($0.5 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.77% ($336.6 mil)
    Quarterly Pretax return on assets: 0.96% ($419.7 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
  • 16Total employees (full-time equivalent)
  • $43,714Total assets
  • $4,410Cash and due from depository institutions
  • $735Interest-bearing balances
  • $18,322Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $17,890Net loans & leases
  • $102Loan loss allowance
  • $0Trading account assets
  • $725Bank premises and fixed assets
  • $499Other real estate owned
  • $0Goodwill and other intangibles
  • $43,714Life insurance assets
  • $1,868All other assets
  • $39,986Total liabilities and capital
  • $39,567Total liabilities
  • $25,436Total deposits
  • $39,567Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $16Trading liabilities
  • $0Other borrowed funds
  • $403Subordinated debt
  • $3,728All other liabilities
  • $3,728Total equity capital
  • $3,728Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $2,500Surplus
  • $828Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $70Income earned, not collected on loans
  • $0Earning assets
  • $492Long-term assets (5+ years)
  • $36,947Average Assets, year-to-date
  • $15,171Average Assets, quarterly
  • $41,750Volatile liabilities
  • $43,094Insider loans
  • $24,747FHLB advances
  • $43,721Loans and leases held for sale
  • $1,210Unused loan commitments
  • $1,210Tier 1 (core) risk-based capital
  • $3,174Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,097Restructured Loans and leases
  • $558Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,551Total interest income
  • $146Total interest expense
  • $1,405Net interest income
  • $18Provision for loan and lease losses
  • $124Total noninterest income
  • $0Fiduciary activities
  • $78Service charges on deposit accounts
  • $0Trading account gains & fees
  • $46Additional noninterest income
  • $1,310Total noninterest expense
  • $778Salaries and employee benefits
  • $204Premises and equipment expense
  • $328Additional noninterest expense
  • $201Pre-tax net operating income
  • $122Securities gains (losses)
  • $3Applicable income taxes
  • $320Income before extraordinary items
  • $0Extraordinary gains - net
  • $320Net income attributable to bank
  • $0Net charge-offs
  • $320Cash dividends
  • -$3Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.41%Yield on earning assets
  • 0.42%Cost of funding earning assets
  • 3.99%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 3.72%Noninterest expense to earning assets
  • 0.48%Net operating income to assets
  • 0.77%Return on assets (ROA)
  • 0.77%Pretax return on assets
  • 9.73%Return on equity (ROE)
  • 9.73%Retained earnings to average equity (YTD only)
  • -0.02%Net charge-offs to loans
  • -600.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 85,677Assets per employee
  • 2.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.57%Loss allowance to noncurrent loans
  • 145.71%Noncurrent assets plus other real estate owned to assets
  • 1.30%Noncurrent loans to loans
  • 0.39%Net loans and leases to deposits
  • 45.21%Net loans and leases to core deposits
  • 45.21%Equity capital to assets
  • 8.53%Core capital (leverage) ratio
  • 7.26%Tier 1 risk-based capital ratio
  • 12.83%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $41,750Average earning assets
  • $3,289Average equity
  • $35,171Average loans

List of branches

  • 4 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06547United Southwest Bank111 West Main Street, Cottonwood, MN 56229January 01, 1916Full Service Brick and Mortar
    1222011Detached Facility101 First Street North, Hanley Falls, MN 56245January 03, 1978Limited Service Facility
    210500176 South Broadway Branch176 South Broadway, Vesta, MN 56292October 01, 1945Full Service Brick and Mortar
    3222012Marshall Branch1403 East College Drive, Marshall, MN 56258August 30, 1993Full Service Brick and Mortar

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