Unity Bank North in Red Lake Falls, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Unity Bank North - Overview

  • General
  • FDIC Certificate #: 8202
    Status: Active
    Federal Reserve ID: 732459
    Bank Holding Company (Regulatory Top Holder): Caprice Corporation (RSSDID: 1123700, Location: Augusta, WI)
    Date Established: January 01, 1929
    WWW: http://www.unitybanking.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 5228
    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: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 210 Main Street, Red Lake Falls, MN 56750
    County: Red Lake
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $75.0 mil
    Equity capital: $7.7 mil
    Deposits held in domestic offices: $66.4 mil
    Return on assets (ROA): 1.30% ($1.0 mil)
    Quarterly return on assets: 1.54% ($1.2 mil)
    Return on Equity (ROE): 12.74% ($1.0 mil)
    Quarterly return on equity: 14.80% ($1.2 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.30% ($974.4 mil)
    Quarterly Pretax return on assets: 1.54% ($1,154.3 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
  • 20Total employees (full-time equivalent)
  • $74,955Total assets
  • $10,505Cash and due from depository institutions
  • $6,426Interest-bearing balances
  • $8,028Securities
  • $2,130Federal funds sold & reverse repurchase agreements
  • $51,452Net loans & leases
  • $721Loan loss allowance
  • $0Trading account assets
  • $247Bank premises and fixed assets
  • $58Other real estate owned
  • $0Goodwill and other intangibles
  • $74,955Life insurance assets
  • $2,535All other assets
  • $67,225Total liabilities and capital
  • $66,390Total liabilities
  • $57,677Total deposits
  • $66,390Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $49Trading liabilities
  • $0Other borrowed funds
  • $786Subordinated debt
  • $7,730All other liabilities
  • $7,730Total equity capital
  • $7,730Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $4,800Surplus
  • $2,730Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $349Income earned, not collected on loans
  • $0Earning assets
  • $629Long-term assets (5+ years)
  • $68,036Average Assets, year-to-date
  • $3,029Average Assets, quarterly
  • $73,534Volatile liabilities
  • $73,561Insider loans
  • $51,234FHLB advances
  • $74,610Loans and leases held for sale
  • $1,414Unused loan commitments
  • $1,414Tier 1 (core) risk-based capital
  • $7,693Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,656Restructured Loans and leases
  • $1,843Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,452Total interest income
  • $553Total interest expense
  • $2,899Net interest income
  • $100Provision for loan and lease losses
  • $1,246Total noninterest income
  • $0Fiduciary activities
  • $178Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,068Additional noninterest income
  • $3,076Total noninterest expense
  • $1,669Salaries and employee benefits
  • $285Premises and equipment expense
  • $1,122Additional noninterest expense
  • $969Pre-tax net operating income
  • $0Securities gains (losses)
  • $1Applicable income taxes
  • $968Income before extraordinary items
  • -$10Extraordinary gains - net
  • $958Net income attributable to bank
  • $0Net charge-offs
  • $958Cash dividends
  • $47Sale, conversion, retirement of capital stock, net
  • $844Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 4.25%Net interest margin
  • 1.83%Noninterest income to earning assets
  • 4.51%Noninterest expense to earning assets
  • 1.32%Net operating income to assets
  • 1.30%Return on assets (ROA)
  • 1.30%Pretax return on assets
  • 12.74%Return on equity (ROE)
  • 1.52%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 212.77%Credit loss provision to net charge-offs
  • 22.74%Efficiency ratio
  • 74,210Assets per employee
  • 3.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 88.10%Loss allowance to loans
  • 1.38%Loss allowance to noncurrent loans
  • 206.59%Noncurrent assets plus other real estate owned to assets
  • 0.54%Noncurrent loans to loans
  • 0.67%Net loans and leases to deposits
  • 77.50%Net loans and leases to core deposits
  • 83.66%Equity capital to assets
  • 10.31%Core capital (leverage) ratio
  • 10.31%Tier 1 risk-based capital ratio
  • 15.02%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $73,534Average earning assets
  • $7,517Average equity
  • $68,192Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05228Unity Bank North210 Main Street, Red Lake Falls, MN 56750January 01, 1929Full Service Brick and Mortar
    2218120Detached FacilityThird And Garfield Streets, Mentor, MN 56736September 24, 1979Limited Service Facility

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