United Prairie Bank-Spicer in Spicer, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 06, 2006

United Prairie Bank-Spicer in Spicer, Minnesota (MN)
Show street view No street view available for this location

United Prairie Bank-Spicer - Overview

General
FDIC Certificate #: 9347
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: United Prairie Bank (#10958)
Federal Reserve ID: 862851
Date Established: April 04, 1904
WWW: http://www.unitedprairiebank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 12773
FDIC's unique #: 5998
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: May 06, 2006
Last Structure Change Process Date: June 28, 2006
Last Data Update: June 28, 2006
Data Source Date: April 05, 2012
Location
Address: 425 Access Drive, Spicer, MN 56288
County: Kandiyohi
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Mankato
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Willmar, MN (#48820)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $63.8 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
15Total employees (full-time equivalent)
$65,389Total assets
$1,488Cash and due from depository institutions
$60Interest-bearing balances
$10,125Securities
$3,110Federal funds sold & reverse repurchase agreements
$47,038Net loans & leases
$770Loan loss allowance
$0Trading account assets
$823Bank premises and fixed assets
$0Other real estate owned
$802Goodwill and other intangibles
$0Life insurance assets
$2,003All other assets
$65,389Total liabilities and capital
$59,345Total liabilities
$54,597Total deposits
$50,884Interest-bearing deposits
$54,597Deposits held in domestic offices
0.00%% insured (estimated)
$2,500Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,625Other borrowed funds
$0Subordinated debt
$623All other liabilities
$6,044Total equity capital
$6,044Total bank equity capital
$6,044Perpetual preferred stock
$0Common stock
$125Surplus
$3,464Undivided profits
Memoranda
$2,455Noncurrent loans and leases
$8,346Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$481Average Assets, year-to-date
$60,333Average Assets, quarterly
$7,394Volatile liabilities
$62,580Insider loans
$65,056FHLB advances
$13,499Loans and leases held for sale
$715Unused loan commitments
$1,625Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,346Total unused commitments
$0Restructured Loans and leases
$640Derivatives

Income and Expense (December 31, 2005)

Dollar figures in thousands
$3,898Total interest income
$1,319Total interest expense
$2,579Net interest income
$24Provision for loan and lease losses
$388Total noninterest income
$0Fiduciary activities
$154Service charges on deposit accounts
$0Trading account gains & fees
$234Additional noninterest income
$1,926Total noninterest expense
$884Salaries and employee benefits
$449Premises and equipment expense
$593Additional noninterest expense
$1,017Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$1,017Income before extraordinary items
$0Extraordinary gains - net
$1,017Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$651Net operating income

Performance and Condition Ratios (December 31, 2005)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.83%Yield on earning assets
2.31%Cost of funding earning assets
4.52%Net interest margin
0.68%Noninterest income to earning assets
3.37%Noninterest expense to earning assets
1.63%Net operating income to assets
1.63%Return on assets (ROA)
1.63%Pretax return on assets
17.73%Return on equity (ROE)
6.38%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
64,914Assets per employee
4.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
64.01%Loss allowance to loans
1.61%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
86.15%Net loans and leases to core deposits
107.89%Equity capital to assets
9.24%Core capital (leverage) ratio
8.04%Tier 1 risk-based capital ratio
10.33%Total risk-based capital ratio
Memoranda
$11Average assets
$62,580Average earning assets
$5,737Average equity
$57,100Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with United Prairie Bank-Spicer.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.