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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