Unity Bank Central in Staples, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 30, 2006

  • Unity Bank Central in Staples, Minnesota (MN)
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Unity Bank Central - Overview

  • General
  • FDIC Certificate #: 9334
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Unity Bank (#8545)
    Federal Reserve ID: 816452
    Date Established: Febuary 07, 1911
    WWW: http://www.unitybanking.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 5986
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 30, 2006
    Last Structure Change Process Date: January 12, 2007
    Last Data Update: January 12, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 602 N.E. Fourth Street, Staples, MN 56479
    County: Todd
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Fargo
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $38.9 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, 2005)

  • Dollar figures in thousands
  • 16Total employees (full-time equivalent)
  • $37,103Total assets
  • $1,034Cash and due from depository institutions
  • $0Interest-bearing balances
  • $9,357Securities
  • $1,500Federal funds sold & reverse repurchase agreements
  • $23,943Net loans & leases
  • $339Loan loss allowance
  • $0Trading account assets
  • $427Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $842All other assets
  • $37,103Total liabilities and capital
  • $34,585Total liabilities
  • $34,457Total deposits
  • $29,503Interest-bearing deposits
  • $34,457Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $128All other liabilities
  • $2,518Total equity capital
  • $2,518Total bank equity capital
  • $2,518Perpetual preferred stock
  • $0Common stock
  • $263Surplus
  • $1,757Undivided profits
  • Memoranda
  • $498Noncurrent loans and leases
  • $1,277Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $144Earning assets
  • $0Long-term assets (5+ years)
  • $207Average Assets, year-to-date
  • $34,800Average Assets, quarterly
  • $1,753Volatile liabilities
  • $35,729Insider loans
  • $36,776FHLB advances
  • $5,120Loans and leases held for sale
  • $7Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,277Total unused commitments
  • $0Restructured Loans and leases
  • $278Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $2,030Total interest income
  • $672Total interest expense
  • $1,358Net interest income
  • $51Provision for loan and lease losses
  • $279Total noninterest income
  • $0Fiduciary activities
  • $168Service charges on deposit accounts
  • $0Trading account gains & fees
  • $111Additional noninterest income
  • $1,238Total noninterest expense
  • $643Salaries and employee benefits
  • $248Premises and equipment expense
  • $347Additional noninterest expense
  • $348Pre-tax net operating income
  • $18Securities gains (losses)
  • $0Applicable income taxes
  • $366Income before extraordinary items
  • $0Extraordinary gains - net
  • $366Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $12Sale, conversion, retirement of capital stock, net
  • $287Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.15%Yield on earning assets
  • 2.04%Cost of funding earning assets
  • 4.12%Net interest margin
  • 0.85%Noninterest income to earning assets
  • 3.75%Noninterest expense to earning assets
  • 0.97%Net operating income to assets
  • 1.02%Return on assets (ROA)
  • 1.02%Pretax return on assets
  • 14.38%Return on equity (ROE)
  • 3.10%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 425.00%Credit loss provision to net charge-offs
  • 33.25%Efficiency ratio
  • 75,626Assets per employee
  • 2.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 78.42%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 235.42%Noncurrent assets plus other real estate owned to assets
  • 0.39%Noncurrent loans to loans
  • 0.59%Net loans and leases to deposits
  • 69.49%Net loans and leases to core deposits
  • 81.61%Equity capital to assets
  • 6.79%Core capital (leverage) ratio
  • 7.34%Tier 1 risk-based capital ratio
  • 12.29%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $35,729Average earning assets
  • $2,545Average equity
  • $32,986Average loans

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