Unity Bank in Rush City, Minnesota (MN)



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Unity Bank
GeneralFDIC 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
LocationAddress: 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 ChangesOffice Purchased
Financial SummaryTotal 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)
Total employees (full-time equivalent)69
Total assets$192,045
Cash and due from depository institutions$23,090
Interest-bearing balances$21,433
Securities$13,819
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$143,386
Loan loss allowance $2,249
Trading account assets$0
Bank premises and fixed assets$5,075
Other real estate owned$1,548
Goodwill and other intangibles$272
All other assets$4,855
Life insurance assets$192,045
Total liabilities and capital$177,397
Total liabilities$176,091
Total deposits$153,173
Interest-bearing deposits$176,091
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,306
All other liabilities $14,648
Total equity capital$14,648
Total bank equity capital$14,648
Perpetual preferred stock$0
Common stock$85
Surplus$9,915
Undivided profits $4,648
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 $1,183
Earning assets $0
Long-term assets (5+ years) $841
Average Assets, year-to-date $178,638
Average Assets, quarterly $25,898
Volatile liabilities $188,936
Insider loans $192,393
FHLB advances $137,580
Loans and leases held for sale $192,609
Unused loan commitments $2,822
Tier 1 (core) risk-based capital $1,901
Tier 2 risk-based capital $14,317
Total risk weighted assets $0
Total unused commitments $921
Restructured Loans and leases $11,587
Derivatives$185
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,049
Total interest expense $1,568
Net interest income $8,481
Provision for loan and lease losses $875
Total noninterest income $1,043
Fiduciary activities $0
Service charges on deposit accounts $408
Trading account gains & fees $0
Additional noninterest income $635
Total noninterest expense $7,024
Salaries and employee benefits $3,648
Premises and equipment expense $1,068
Additional noninterest expense $2,308
Pre-tax net operating income $1,625
Securities gains (losses) $0
Applicable income taxes $5
Income before extraordinary items $1,620
Extraordinary gains - net $0
Net income attributable to bank $1,620
Net charge-offs $0
Cash dividends $1,620
Sale, conversion, retirement of capital stock, net $526
Net operating income $1,005
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.76%
Cost of funding earning assets 0.90%
Net interest margin 4.86%
Noninterest income to earning assets 0.60%
Noninterest expense to earning assets 4.02%
Net operating income to assets 0.86%
Return on assets (ROA) 0.86%
Pretax return on assets 0.86%
Return on equity (ROE) 11.43%
Retained earnings to average equity (YTD only) 4.34%
Net charge-offs to loans 0.36%
Credit loss provision to net charge-offs 166.35%
Efficiency ratio4.75%
Assets per employee$73,299
Cash dividends to net income (YTD only)2.78%
Condition Ratios (%)
Loss allowance to loans 62.04%
Loss allowance to noncurrent loans 1.54%
Noncurrent assets plus other real estate owned to assets 190.11%
Noncurrent loans to loans 1.42%
Net loans and leases to deposits0.81%
Net loans and leases to core deposits 81.43%
Equity capital to assets 89.65%
Core capital (leverage) ratio 7.63%
Tier 1 risk-based capital ratio 7.43%
Total risk-based capital ratio 10.41%
Memoranda
Average assets$12
Average earning assets$188,936
Average equity $14,168
Average loans $174,592
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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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