Unity Bank

Unity Bank Locations
1180 West 4th Street
Rush City, MN 55069
(218) 253-2143
www.unitybanking.com

Unity Bank is headquartered in Rush City and is the 93rd largest bank in the state of Minnesota. It is also the 3,254th largest bank in the nation. It was established in 1882 and as of March of 2012, it had grown to 67 employees at 9 locations. Unity Bank has a 4-star health rating.

Related Posts

2.00% Savings Account at Unity Bank in NJ & PA - Local Only - 10/25/2009

Unity Bank continues to offer a high-yield savings account called Loyalty Savings. The rate has dropped some since my June post, but it remains very competitive. The current rate is 2.00% APY for balances up to $500,000. The rate is listed at the bank's...

2.35% Savings Account at Unity Bank in NJ and PA - Local Only - 6/14/2009

Unity Bank is offering a savings account called Loyalty Savings that offers a 2.35% APY if an active checking is maintained. The rate is listed at the bank's rate table as of 6/14/09. It applies to all balances up to $500,000. Minimum deposit is only $1...

5.25% 60-Month / 4.50% 24-Month CD at a NJ/PA Bank (Unity) - 8/25/2008

Unity Bank has a CD promotion with some competitive rates. These include a 5.25% APY 60-month CD, a 4.75% APY 36-month CD and a 4.50% APY 24-month CD. The minimum deposit is $2,000. The promotion expires on 9/01/08.For those who want FDIC insurance for...


Data for Q1 2012

Unity Bank consists of multiple companies with separate FDIC numbers. Click on an FDIC number to view the health for that company:

8545 - Unity Bank
8202 - Unity Bank North
8714 - Unity Bank

Institution Statistics


Unity Bank
FDIC Certificate #8545
BankRate ReportView
Year Established1882
Employees67
Primary RegulatorFDIC

Assets and Liabilities

Assets$189.64 million
Loans$144.75 million
Deposits$173.44 million
Equity Capital$15.23 million
Loan Loss Allowance$2.36 million
Unbacked Noncurrent Loans$1.19 million
Real Estate Owned$1.39 million

Historic Data - March 2011

Assets$185.95 million
Equity Capital$13.64 million
Loan Loss Allowance$2.06 million
Unbacked Noncurrent Loans$1.14 million
Real Estate Owned$1.85 million

Profit Margin - Quarterly

Net Interest Margin4.89%
Return on Assets1.26%
Return on Equity16.07%
Interest Income$2.47 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Unity Bank had $2.58 million in non-current loans and owned real-estate with $17.59 million in equity and loan loss allowances on hand to cover it. This gives Unity Bank a Texas Ratio of 14.66% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Unity Bank decreased slightly from 19.01% as of March 31, 2011 to 14.66% as of March 31, 2012, resulting in a positive change of 22.86%.This indicates that the balance sheet and financial strength for Unity Bank has improved slightly in recent periods.
Deposit Growth4
In the past year, Unity Bank has increased its total deposits by $6.44 million, resulting in 3.85% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Unity Bank has shown is above average.
Capitalization3
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Unity Bank has $189.64 million in assets with $17.59 million in equity, resulting in a capitalization level of 9.27%, which is average.
Write Review

No reviews have been left for this bank yet. Be the first to review.


 
Featured Accounts
Nationwide Savings Accounts