FDIC Certificate #: 15392 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:United Valley Bank (#15478) Federal Reserve ID: 298058 Date Established: June 03, 1936 WWW:http://www.uvbank.net Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 9712 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: June 27, 1936 Last Structure Change Effective Date: July 28, 2006 Last Structure Change Process Date: September 28, 2006 Last Data Update: September 28, 2006 Data Source Date: April 05, 2012
Location
Address: 103 West Third Street, Argyle, MN 56713 County: Marshall 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
Financial Summary
Total assets: $20.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
5Total employees (full-time equivalent)
$23,074Total assets
$776Cash and due from depository institutions
$0Interest-bearing balances
$3,777Securities
$5,030Federal funds sold & reverse repurchase agreements
$11,939Net loans & leases
$266Loan loss allowance
$0Trading account assets
$877Bank premises and fixed assets
$0Other real estate owned
$47Goodwill and other intangibles
$0Life insurance assets
$628All other assets
$23,074Total liabilities and capital
$20,931Total liabilities
$20,664Total deposits
$15,262Interest-bearing deposits
$20,664Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$267All other liabilities
$2,143Total equity capital
$2,143Total bank equity capital
$2,143Perpetual preferred stock
$0Common stock
$100Surplus
$1,993Undivided profits
Memoranda
$50Noncurrent loans and leases
$3,417Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$13Earning assets
$0Long-term assets (5+ years)
$270Average Assets, year-to-date
$20,746Average Assets, quarterly
$1,341Volatile liabilities
$20,005Insider loans
$21,357FHLB advances
$3,359Loans and leases held for sale
$454Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,417Total unused commitments
$0Restructured Loans and leases
$198Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$994Total interest income
$240Total interest expense
$754Net interest income
$83Provision for loan and lease losses
$103Total noninterest income
$0Fiduciary activities
$60Service charges on deposit accounts
$0Trading account gains & fees
$43Additional noninterest income
$621Total noninterest expense
$368Salaries and employee benefits
$81Premises and equipment expense
$172Additional noninterest expense
$153Pre-tax net operating income
$0Securities gains (losses)
$3Applicable income taxes
$150Income before extraordinary items
$0Extraordinary gains - net
$150Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$38Sale, conversion, retirement of capital stock, net
$100Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.60%Yield on earning assets
1.35%Cost of funding earning assets
4.24%Net interest margin
0.58%Noninterest income to earning assets
3.50%Noninterest expense to earning assets
0.75%Net operating income to assets
0.75%Return on assets (ROA)
0.76%Pretax return on assets
7.15%Return on equity (ROE)
2.38%Retained earnings to average equity (YTD only)
0.31%Net charge-offs to loans
218.42%Credit loss provision to net charge-offs
6.21%Efficiency ratio
71,762Assets per employee
4.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
66.67%Loss allowance to loans
2.18%Loss allowance to noncurrent loans
2046.15%Noncurrent assets plus other real estate owned to assets
0.06%Noncurrent loans to loans
0.11%Net loans and leases to deposits
57.78%Net loans and leases to core deposits
68.99%Equity capital to assets
9.29%Core capital (leverage) ratio
11.05%Tier 1 risk-based capital ratio
14.28%Total risk-based capital ratio
Memoranda
$16Average assets
$20,005Average earning assets
$2,097Average equity
$17,762Average loans
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