United Valley Bank in Cavalier, North Dakota (ND), MN
Overview, Financial Summary, Detailed Financial Reports, Branches


  • United Valley Bank in Cavalier, North Dakota (ND), MN
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United Valley Bank - Overview

  • General
  • FDIC Certificate #: 15478
    Status: Active
    Federal Reserve ID: 922559
    Bank Holding Company (Regulatory Top Holder): First Holding Company Of Cavalier, Inc. (RSSDID: 1140211, Location: Cavalier, ND)
    Date Established: August 25, 1905
    WWW: http://www.uvbank.net
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: Yes)
    FDIC's unique #: 9783
    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: March 22, 1937
    Last Structure Change Effective Date: January 29, 2010
    Last Structure Change Process Date: Febuary 01, 2010
    Last Data Update: Febuary 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 211 Division Avenue South, Cavalier, ND 58220
    County: Pembina
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Forks
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
    Corrections
  • Financial Summary
  • Total assets: $225.6 mil
    Equity capital: $21.2 mil
    Deposits held in domestic offices: $200.2 mil
    Return on assets (ROA): 1.36% ($3.1 mil)
    Quarterly return on assets: 0.98% ($2.2 mil)
    Return on Equity (ROE): 13.92% ($2.9 mil)
    Quarterly return on equity: 10.10% ($2.1 mil)
    Net income: $2.9 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.44% ($3,248.4 mil)
    Quarterly Pretax return on assets: 1.09% ($2,458.9 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
  • 49Total employees (full-time equivalent)
  • $225,584Total assets
  • $16,569Cash and due from depository institutions
  • $15,449Interest-bearing balances
  • $59,053Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $139,751Net loans & leases
  • $2,576Loan loss allowance
  • $0Trading account assets
  • $2,720Bank premises and fixed assets
  • $883Other real estate owned
  • $3,197Goodwill and other intangibles
  • $225,584Life insurance assets
  • $3,411All other assets
  • $204,380Total liabilities and capital
  • $200,193Total liabilities
  • $142,468Total deposits
  • $200,193Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $1,187Subordinated debt
  • $21,204All other liabilities
  • $21,204Total equity capital
  • $21,204Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $16,075Surplus
  • $4,629Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,763Income earned, not collected on loans
  • $0Earning assets
  • $1,974Long-term assets (5+ years)
  • $214,253Average Assets, year-to-date
  • $54,427Average Assets, quarterly
  • $210,063Volatile liabilities
  • $217,810Insider loans
  • $147,592FHLB advances
  • $210,808Loans and leases held for sale
  • $565Unused loan commitments
  • $565Tier 1 (core) risk-based capital
  • $17,222Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $24,626Restructured Loans and leases
  • $11,767Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,525Total interest income
  • $1,337Total interest expense
  • $8,188Net interest income
  • $50Provision for loan and lease losses
  • $680Total noninterest income
  • $0Fiduciary activities
  • $401Service charges on deposit accounts
  • $0Trading account gains & fees
  • $279Additional noninterest income
  • $5,904Total noninterest expense
  • $3,324Salaries and employee benefits
  • $647Premises and equipment expense
  • $1,933Additional noninterest expense
  • $2,914Pre-tax net operating income
  • $107Securities gains (losses)
  • $168Applicable income taxes
  • $2,853Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,853Net income attributable to bank
  • $0Net charge-offs
  • $2,853Cash dividends
  • -$323Sale, conversion, retirement of capital stock, net
  • $2,110Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.81%Yield on earning assets
  • 0.67%Cost of funding earning assets
  • 4.13%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 2.98%Noninterest expense to earning assets
  • 1.31%Net operating income to assets
  • 1.36%Return on assets (ROA)
  • 1.44%Pretax return on assets
  • 13.92%Return on equity (ROE)
  • 3.62%Retained earnings to average equity (YTD only)
  • -0.23%Net charge-offs to loans
  • -15.48%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 64,490Assets per employee
  • 4.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 73.96%Loss allowance to loans
  • 1.81%Loss allowance to noncurrent loans
  • 93.23%Noncurrent assets plus other real estate owned to assets
  • 1.62%Noncurrent loans to loans
  • 1.94%Net loans and leases to deposits
  • 69.81%Net loans and leases to core deposits
  • 73.43%Equity capital to assets
  • 9.40%Core capital (leverage) ratio
  • 8.17%Tier 1 risk-based capital ratio
  • 11.67%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $210,063Average earning assets
  • $20,497Average equity
  • $198,097Average loans

List of branches

  • 4 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    39712United Valley Bank Branch103 West Third Street, Argyle, MN 56713June 03, 1936Full Service Brick and Mortar
    410348United Valley Bank203 South 2nd Street, Hallock, MN 56728October 04, 1943Full Service Brick and Mortar
    5237384Detached FacilityFifth And Atlantic Avenues, Kennedy, MN 56733September 01, 1978Limited Service Facility
    6237385Detached FacilityFirst And Central Streets, Lancaster, MN 56735September 01, 1978Limited Service Facility
  • 3 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09783United Valley Bank211 Division Avenue South, Cavalier, ND 58220August 25, 1905Full Service Brick and Mortar
    1234111Grand Forks Branch2718 South Columbia Road, Grand Forks, ND 58201November 09, 1998Full Service Brick and Mortar
    2423406Downtown Grand Forks Branch200 First Avenue North, Grand Forks, ND 58203September 08, 2003Full Service Brick and Mortar

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