United Valley Bank in Cavalier, North Dakota (ND), MN
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| United Valley Bank | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 49 |
| Total assets | $225,584 |
| Cash and due from depository institutions | $16,569 |
| Interest-bearing balances | $15,449 |
| Securities | $59,053 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $139,751 |
| Loan loss allowance | $2,576 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,720 |
| Other real estate owned | $883 |
| Goodwill and other intangibles | $3,197 |
| All other assets | $3,411 |
| Life insurance assets | $225,584 |
| Total liabilities and capital | $204,380 |
| Total liabilities | $200,193 |
| Total deposits | $142,468 |
| Interest-bearing deposits | $200,193 |
| Deposits held in domestic offices | $93 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $3,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,187 |
| All other liabilities | $21,204 |
| Total equity capital | $21,204 |
| Total bank equity capital | $21,204 |
| Perpetual preferred stock | $0 |
| Common stock | $500 |
| Surplus | $16,075 |
| Undivided profits | $4,629 |
| 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 | $2,763 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,974 |
| Average Assets, year-to-date | $214,253 |
| Average Assets, quarterly | $54,427 |
| Volatile liabilities | $210,063 |
| Insider loans | $217,810 |
| FHLB advances | $147,592 |
| Loans and leases held for sale | $210,808 |
| Unused loan commitments | $565 |
| Tier 1 (core) risk-based capital | $565 |
| Tier 2 risk-based capital | $17,222 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $24,626 |
| Derivatives | $11,767 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $9,525 |
| Total interest expense | $1,337 |
| Net interest income | $8,188 |
| Provision for loan and lease losses | $50 |
| Total noninterest income | $680 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $401 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $279 |
| Total noninterest expense | $5,904 |
| Salaries and employee benefits | $3,324 |
| Premises and equipment expense | $647 |
| Additional noninterest expense | $1,933 |
| Pre-tax net operating income | $2,914 |
| Securities gains (losses) | $107 |
| Applicable income taxes | $168 |
| Income before extraordinary items | $2,853 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,853 |
| Net charge-offs | $0 |
| Cash dividends | $2,853 |
| Sale, conversion, retirement of capital stock, net | -$323 |
| Net operating income | $2,110 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.81% |
| Cost of funding earning assets | 0.67% |
| Net interest margin | 4.13% |
| Noninterest income to earning assets | 0.34% |
| Noninterest expense to earning assets | 2.98% |
| Net operating income to assets | 1.31% |
| Return on assets (ROA) | 1.36% |
| Pretax return on assets | 1.44% |
| Return on equity (ROE) | 13.92% |
| Retained earnings to average equity (YTD only) | 3.62% |
| Net charge-offs to loans | -0.23% |
| Credit loss provision to net charge-offs | -15.48% |
| Efficiency ratio | 0.00% |
| Assets per employee | $64,490 |
| Cash dividends to net income (YTD only) | 4.60% |
| Condition Ratios (%) | |
| Loss allowance to loans | 73.96% |
| Loss allowance to noncurrent loans | 1.81% |
| Noncurrent assets plus other real estate owned to assets | 93.23% |
| Noncurrent loans to loans | 1.62% |
| Net loans and leases to deposits | 1.94% |
| Net loans and leases to core deposits | 69.81% |
| Equity capital to assets | 73.43% |
| Core capital (leverage) ratio | 9.40% |
| Tier 1 risk-based capital ratio | 8.17% |
| Total risk-based capital ratio | 11.67% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $210,063 |
| Average equity | $20,497 |
| Average loans | $198,097 |
| 4 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 3 | 9712 | United Valley Bank Branch | 103 West Third Street, Argyle, MN 56713 | June 03, 1936 | Full Service Brick and Mortar |  |
| 4 | 10348 | United Valley Bank | 203 South 2nd Street, Hallock, MN 56728 | October 04, 1943 | Full Service Brick and Mortar | |
| 5 | 237384 | Detached Facility | Fifth And Atlantic Avenues, Kennedy, MN 56733 | September 01, 1978 | Limited Service Facility | |
| 6 | 237385 | Detached Facility | First And Central Streets, Lancaster, MN 56735 | September 01, 1978 | Limited Service Facility | |
| 3 North Dakota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 9783 | United Valley Bank | 211 Division Avenue South, Cavalier, ND 58220 | August 25, 1905 | Full Service Brick and Mortar |  |
| 1 | 234111 | Grand Forks Branch | 2718 South Columbia Road, Grand Forks, ND 58201 | November 09, 1998 | Full Service Brick and Mortar | |
| 2 | 423406 | Downtown Grand Forks Branch | 200 First Avenue North, Grand Forks, ND 58203 | September 08, 2003 | Full Service Brick and Mortar | |
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