United Southwest Bank in Cottonwood, Minnesota (MN)



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United Southwest Bank routing number info

Table of contents:
United Southwest Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)16
Total assets$43,714
Cash and due from depository institutions$4,410
Interest-bearing balances$735
Securities$18,322
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$17,890
Loan loss allowance $102
Trading account assets$0
Bank premises and fixed assets$725
Other real estate owned$499
Goodwill and other intangibles$0
All other assets$1,868
Life insurance assets$43,714
Total liabilities and capital$39,986
Total liabilities$39,567
Total deposits$25,436
Interest-bearing deposits$39,567
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$16
Other borrowed funds $0
Subordinated debt $403
All other liabilities $3,728
Total equity capital$3,728
Total bank equity capital$3,728
Perpetual preferred stock$0
Common stock$400
Surplus$2,500
Undivided profits $828
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $70
Earning assets $0
Long-term assets (5+ years) $492
Average Assets, year-to-date $36,947
Average Assets, quarterly $15,171
Volatile liabilities $41,750
Insider loans $43,094
FHLB advances $24,747
Loans and leases held for sale $43,721
Unused loan commitments $1,210
Tier 1 (core) risk-based capital $1,210
Tier 2 risk-based capital $3,174
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,097
Derivatives$558
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,551
Total interest expense $146
Net interest income $1,405
Provision for loan and lease losses $18
Total noninterest income $124
Fiduciary activities $0
Service charges on deposit accounts $78
Trading account gains & fees $0
Additional noninterest income $46
Total noninterest expense $1,310
Salaries and employee benefits $778
Premises and equipment expense $204
Additional noninterest expense $328
Pre-tax net operating income $201
Securities gains (losses) $122
Applicable income taxes $3
Income before extraordinary items $320
Extraordinary gains - net $0
Net income attributable to bank $320
Net charge-offs $0
Cash dividends $320
Sale, conversion, retirement of capital stock, net -$3
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.41%
Cost of funding earning assets 0.42%
Net interest margin 3.99%
Noninterest income to earning assets 0.35%
Noninterest expense to earning assets 3.72%
Net operating income to assets 0.48%
Return on assets (ROA) 0.77%
Pretax return on assets 0.77%
Return on equity (ROE) 9.73%
Retained earnings to average equity (YTD only) 9.73%
Net charge-offs to loans -0.02%
Credit loss provision to net charge-offs -600.00%
Efficiency ratio0.00%
Assets per employee$85,677
Cash dividends to net income (YTD only)2.73%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.57%
Noncurrent assets plus other real estate owned to assets 145.71%
Noncurrent loans to loans 1.30%
Net loans and leases to deposits0.39%
Net loans and leases to core deposits 45.21%
Equity capital to assets 45.21%
Core capital (leverage) ratio 8.53%
Tier 1 risk-based capital ratio 7.26%
Total risk-based capital ratio 12.83%
Memoranda
Average assets$13
Average earning assets$41,750
Average equity $3,289
Average loans $35,171
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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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