FDIC Certificate #: 5119 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Unity Bank (#8545) Federal Reserve ID: 156055 Date Established: January 01, 1910 WWW:http://www.unitybanking.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) FDIC's unique #: 3425 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No 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: 15 East Main Street, Crosby, MN 56441 County: Crow Wing Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Brainerd, MN (#14660) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $57.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
20Total employees (full-time equivalent)
$59,206Total assets
$1,380Cash and due from depository institutions
$0Interest-bearing balances
$23,924Securities
$2,226Federal funds sold & reverse repurchase agreements
$29,857Net loans & leases
$472Loan loss allowance
$0Trading account assets
$657Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,162All other assets
$59,206Total liabilities and capital
$54,185Total liabilities
$53,901Total deposits
$47,041Interest-bearing deposits
$53,901Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$284All other liabilities
$5,021Total equity capital
$5,021Total bank equity capital
$5,021Perpetual preferred stock
$0Common stock
$107Surplus
$927Undivided profits
Memoranda
$3,987Noncurrent loans and leases
$1,878Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$296Earning assets
$3Long-term assets (5+ years)
$382Average Assets, year-to-date
$56,007Average Assets, quarterly
$1,521Volatile liabilities
$55,100Insider loans
$58,632FHLB advances
$5,798Loans and leases held for sale
$711Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,878Total unused commitments
$0Restructured Loans and leases
$390Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$2,960Total interest income
$1,004Total interest expense
$1,956Net interest income
$45Provision for loan and lease losses
$227Total noninterest income
$0Fiduciary activities
$150Service charges on deposit accounts
$0Trading account gains & fees
$77Additional noninterest income
$1,466Total noninterest expense
$808Salaries and employee benefits
$322Premises and equipment expense
$336Additional noninterest expense
$672Pre-tax net operating income
-$1Securities gains (losses)
$1Applicable income taxes
$670Income before extraordinary items
$0Extraordinary gains - net
$670Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3Sale, conversion, retirement of capital stock, net
$509Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.71%Yield on earning assets
1.94%Cost of funding earning assets
3.77%Net interest margin
0.44%Noninterest income to earning assets
2.83%Noninterest expense to earning assets
1.22%Net operating income to assets
1.22%Return on assets (ROA)
1.22%Pretax return on assets
13.32%Return on equity (ROE)
3.20%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
1500.00%Credit loss provision to net charge-offs
239.00%Efficiency ratio
67,155Assets per employee
2.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
75.97%Loss allowance to loans
1.56%Loss allowance to noncurrent loans
159.46%Noncurrent assets plus other real estate owned to assets
0.50%Noncurrent loans to loans
0.98%Net loans and leases to deposits
55.39%Net loans and leases to core deposits
62.07%Equity capital to assets
8.48%Core capital (leverage) ratio
9.09%Tier 1 risk-based capital ratio
17.08%Total risk-based capital ratio
Memoranda
$18Average assets
$55,100Average earning assets
$5,032Average equity
$51,879Average loans
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