United Community Bank in Burlington, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1997

United Community Bank in Burlington, North Dakota (ND)
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United Community Bank - Overview

General
FDIC Certificate #: 3918
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: United Community Bank of North Dakota (#10249)
Federal Reserve ID: 651055
Date Established: January 01, 1906
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 13748
FDIC's unique #: 2554
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: January 01, 1997
Last Structure Change Process Date: Febuary 13, 1997
Last Data Update: Febuary 13, 1997
Data Source Date: April 05, 2012
Location
Address: 900 Johnson Street, Burlington, ND 58722
County: Ward
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
Core Based Statistical Area (CBSA): Minot, ND (#33500)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $31.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$16Total assets
$31,166Cash and due from depository institutions
$781Interest-bearing balances
$0Securities
$6,148Federal funds sold & reverse repurchase agreements
$1,525Net loans & leases
$20,512Loan loss allowance
$237Trading account assets
$0Bank premises and fixed assets
$1,603Other real estate owned
$0Goodwill and other intangibles
$582Life insurance assets
$15All other assets
$0Total liabilities and capital
$31,166Total liabilities
$28,907Total deposits
$28,427Interest-bearing deposits
$25,298Deposits held in domestic offices
28427.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$480Total equity capital
$480Total bank equity capital
$2,259Perpetual preferred stock
$0Common stock
$500Surplus
$1,416Undivided profits
Memoranda
$343Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$177Income earned, not collected on loans
$446Earning assets
$28,185Long-term assets (5+ years)
$2,528Average Assets, year-to-date
$26,722Average Assets, quarterly
$30,216Volatile liabilities
$3,817Insider loans
$10FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,791Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,245Total risk weighted assets
$23,384Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$2,298Total interest expense
$1,017Net interest income
$1,281Provision for loan and lease losses
$101Total noninterest income
$135Fiduciary activities
$0Service charges on deposit accounts
$88Trading account gains & fees
$0Additional noninterest income
$47Total noninterest expense
$825Salaries and employee benefits
$430Premises and equipment expense
$152Additional noninterest expense
$243Pre-tax net operating income
$490Securities gains (losses)
$0Applicable income taxes
$185Income before extraordinary items
$305Extraordinary gains - net
$0Net income attributable to bank
$305Net charge-offs
$49Cash dividends
$125Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.36%Cost of funding earning assets
4.14%Net interest margin
5.22%Noninterest income to earning assets
0.55%Noninterest expense to earning assets
3.36%Net operating income to assets
1.14%Return on assets (ROA)
1.14%Pretax return on assets
1.83%Return on equity (ROE)
16.20%Retained earnings to average equity (YTD only)
9.56%Net charge-offs to loans
0.28%Credit loss provision to net charge-offs
206.12%Efficiency ratio
58,263Assets per employee
1.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.98%Loss allowance to loans
1.14%Loss allowance to noncurrent loans
133.90%Noncurrent assets plus other real estate owned to assets
0.57%Noncurrent loans to loans
0.85%Net loans and leases to deposits
72.16%Net loans and leases to core deposits
83.35%Equity capital to assets
7.25%Core capital (leverage) ratio
7.48%Tier 1 risk-based capital ratio
9.60%Total risk-based capital ratio
Memoranda
$11Average assets
$26,722Average earning assets
$1,882Average equity
$24,542Average loans

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