Unity Bank in Rush City, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


Unity Bank - Overview

  • General
  • FDIC Certificate #: 8545
    Status: Active
    Federal Reserve ID: 854052
    Bank Holding Company (Regulatory Top Holder): Kimberly Leasing Corporation (RSSDID: 1122990, Location: Augusta, WI)
    Date Established: April 18, 1882
    WWW: http://www.unitybanking.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    FDIC's unique #: 5453
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 25, 2008
    Last Structure Change Process Date: July 23, 2008
    Last Data Update: July 23, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1180 West 4th Street, Rush City, MN 55069
    County: Chisago
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $192.0 mil
    Equity capital: $14.6 mil
    Deposits held in domestic offices: $176.1 mil
    Return on assets (ROA): 0.86% ($1.7 mil)
    Quarterly return on assets: 1.47% ($2.8 mil)
    Return on Equity (ROE): 11.43% ($1.7 mil)
    Quarterly return on equity: 19.37% ($2.9 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 0.86% ($1,651.6 mil)
    Quarterly Pretax return on assets: 1.47% ($2,823.1 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
  • 69Total employees (full-time equivalent)
  • $192,045Total assets
  • $23,090Cash and due from depository institutions
  • $21,433Interest-bearing balances
  • $13,819Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $143,386Net loans & leases
  • $2,249Loan loss allowance
  • $0Trading account assets
  • $5,075Bank premises and fixed assets
  • $1,548Other real estate owned
  • $272Goodwill and other intangibles
  • $192,045Life insurance assets
  • $4,855All other assets
  • $177,397Total liabilities and capital
  • $176,091Total liabilities
  • $153,173Total deposits
  • $176,091Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,306Subordinated debt
  • $14,648All other liabilities
  • $14,648Total equity capital
  • $14,648Total bank equity capital
  • $0Perpetual preferred stock
  • $85Common stock
  • $9,915Surplus
  • $4,648Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,183Income earned, not collected on loans
  • $0Earning assets
  • $841Long-term assets (5+ years)
  • $178,638Average Assets, year-to-date
  • $25,898Average Assets, quarterly
  • $188,936Volatile liabilities
  • $192,393Insider loans
  • $137,580FHLB advances
  • $192,609Loans and leases held for sale
  • $2,822Unused loan commitments
  • $1,901Tier 1 (core) risk-based capital
  • $14,317Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $921Total unused commitments
  • $11,587Restructured Loans and leases
  • $185Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,049Total interest income
  • $1,568Total interest expense
  • $8,481Net interest income
  • $875Provision for loan and lease losses
  • $1,043Total noninterest income
  • $0Fiduciary activities
  • $408Service charges on deposit accounts
  • $0Trading account gains & fees
  • $635Additional noninterest income
  • $7,024Total noninterest expense
  • $3,648Salaries and employee benefits
  • $1,068Premises and equipment expense
  • $2,308Additional noninterest expense
  • $1,625Pre-tax net operating income
  • $0Securities gains (losses)
  • $5Applicable income taxes
  • $1,620Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,620Net income attributable to bank
  • $0Net charge-offs
  • $1,620Cash dividends
  • $526Sale, conversion, retirement of capital stock, net
  • $1,005Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.76%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 4.86%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 4.02%Noninterest expense to earning assets
  • 0.86%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 0.86%Pretax return on assets
  • 11.43%Return on equity (ROE)
  • 4.34%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • 166.35%Credit loss provision to net charge-offs
  • 4.75%Efficiency ratio
  • 73,299Assets per employee
  • 2.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.04%Loss allowance to loans
  • 1.54%Loss allowance to noncurrent loans
  • 190.11%Noncurrent assets plus other real estate owned to assets
  • 1.42%Noncurrent loans to loans
  • 0.81%Net loans and leases to deposits
  • 81.43%Net loans and leases to core deposits
  • 89.65%Equity capital to assets
  • 7.63%Core capital (leverage) ratio
  • 7.43%Tier 1 risk-based capital ratio
  • 10.41%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $188,936Average earning assets
  • $14,168Average equity
  • $174,592Average loans

List of branches

  • 9 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05453Unity Bank1180 West 4th Street, Rush City, MN 55069April 18, 1882Full Service Brick and Mortar
    26221Clarissa Branch112 Main St, Bertha, MN 56437August 20, 1915Full Service Brick and Mortar
    33425Crosby Office15 East Main Street, Crosby, MN 56441January 01, 1910Full Service Brick and Mortar
    4207115Emily Branch20948 County Rd 1, Emily, MN 56447May 01, 1980Full Service Brick and Mortar
    65986Staples Office602 N.E. Fourth Street, Staples, MN 56479Febuary 07, 1911Full Service Brick and Mortar
    8219925Motley Branch1217 Hwy 10 S, Motley, MN 56466June 28, 1999Full Service Brick and Mortar
    9457981Genola Office26171 Highway 27, Pierz, MN 56364November 15, 2006Full Service Brick and Mortar
    10448849Edina Branch7101 Washington Avenue South, Edina, MN 55439January 31, 2006Full Service Brick and Mortar
    11487519Brainerd Office724 West Washington Street, Brainerd, MN 56401January 02, 2009Full Service Brick and Mortar

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