United Prairie Bank
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Data as of · sourced from FFIEC call reports. How we update
United Prairie Bank is an FDIC-insured commercial bank headquartered in Mountain Lake, MN, established in 1919 (FDIC certificate 10958), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $939.3M, up 1.7% from Q2 2025, the 20th largest of 221 banks headquartered in Minnesota. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.68% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 10958
- Headquarters
- Mountain Lake, MN
- Established
- 1919
- Total assets, Q2 2026
- $939.3M
- Assets vs Q2 2025
- +1.7%
- Tier 1 leverage ratio, Q2 2026
- 9.68%
- Domestic offices
- 10 FDIC institution directory, current count
- Routing number
- 091214627
- Latest call report
- Q2 2026, FFIEC 051 · United Prairie Bank call report
- Holding company
- FARMERS STATE CORPORATION
- Asset rank in state
- 20th of 221 in Minnesota
Problem loans are rising at United Prairie Bank. It reported $939 million in assets at June 30, 2026, up 1.7% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.64% of loans from 0.19% a year earlier. It funds 9.68% of its assets with Tier 1 capital, lower than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 10.99%).
Earnings jumped: net income for the quarter was $3.6 million, 47% above the same quarter a year earlier. Its $103 million commercial and industrial book is improving, with 0.93% past due or on nonaccrual, down from 1.78% a year earlier.
As of June 30, 2026, United Prairie Bank reported a return on assets of 1.52%, a nonperforming-loan ratio of 0.66% and a Texas ratio of 5.35%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, United Prairie Bank is the 20th largest of the 221 banks headquartered in Minnesota. Between Q1 2026 and Q2 2026, its total assets fell 3.6% to $939.3M, loans rose 0.8% and deposits fell 6.0%. The largest part of its loan book on June 30, 2026 was farmland and other real estate loans, at 24.9% of total loans, ahead of owner-occupied commercial real estate loans at 19.9%. Its 10 offices in the FDIC Summary of Deposits are in 10 cities in MN; its Worthington office books 19% of its branch deposits. On its Q2 2026 call report, United Prairie Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 1141 3rd Ave, Mountain Lake, MN 56159
- County
- Cottonwood
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- July 21, 1919
- Domestic offices
- 10 FDIC institution directory, current count
- Employees (FTE)
- 122
- Domestic deposits
- $788.4M
- Allowance for credit losses
- $7.5M
- Net charge-offs (YTD)
- $351K
- Average total assets
- $958.5M
- Average total loans
- $790.7M
- Average interest-bearing deposits
- $755.4M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10958
- Fed RSSD
- 712059
- Website
- www.unitedprairiebank.com →
- Parent Holding Company
- FARMERS STATE CORPORATION (RSSD 1123885)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, United Prairie Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
United Prairie Bank's total assets moved between a low of $841.2M (Q3 2023) and a high of $974.6M (Q1 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$939.3M total assets against $923.7M; $843.2M total liabilities against $836.3M.
$786.1M net loans and leases against $767.8M; $788.4M total deposits against $784.2M.
$98.2M securities against $94.4M; $15.8M cash and balances due against $21.9M.
$14.0M total interest income against $12.6M; $4.4M total interest expense against $4.8M.
$9.6M net interest income against $7.8M.
$948K total noninterest income against $1.1M; $5.8M total noninterest expense against $5.7M.
$560K provision for credit losses against $325K.
$3.6M net income against $2.5M.
1.52% return on assets against 1.07%; 4.18% net interest margin against 3.59%.
9.68% tier 1 leverage ratio against 9.33%.
Inside the full United Prairie Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
United Prairie Bank rankings
Its closest position to the top of a national ranking is 1,095 of 4,196, for total assets; its furthest is 1,269 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.76% (Q3 2025) to 1.53% (Q4 2025) and its net interest margin ran from 3.21% (Q3 2024) to 4.18% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.68% | 1.52% | 0.66% | 5.35% | 4.18% |
| Q1 2026 | 9.34% | 1.36% | 0.07% | 0.05% | 4.00% |
| Q4 2025 | 9.62% | 1.53% | 0.13% | 0.45% | 4.07% |
| Q3 2025 | 9.37% | 0.76% | 0.26% | 1.47% | 3.67% |
| Q2 2025 | 9.33% | 1.07% | 0.37% | 1.79% | 3.59% |
| Q1 2025 | 8.97% | 0.76% | 0.34% | 1.14% | 3.30% |
| Q4 2024 | 9.45% | 1.04% | 0.41% | 1.57% | 3.24% |
| Q3 2024 | 9.29% | 0.81% | 0.33% | 0.78% | 3.21% |
Swipe the table sideways to see every column.
Branch Network
View all 10 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Worthington Branch | Worthington , MN | 56187 | $153.0M |
| United Prairie Bank (main office) | Mountain Lake , MN | 56159 | $150.2M |
| United Prairie Bank - Owatonna Branch | Owatonna , MN | 55060 | $138.4M |
| United Prairie Bank - Mankato Office Branch | Mankato , MN | 56001 | $106.4M |
| United Prairie Bank New Ulm Branch | New Ulm , MN | 56073 | $80.5M |
| United Prairie Bank - Spicer Branch | Spicer , MN | 56288 | $69.9M |
| United Prairie Bank Madison Branch | Madison , MN | 56256 | $46.7M |
| Waseca Branch | Waseca , MN | 56093 | $43.2M |
| Windom Branch | Windom , MN | 56101 | $0 |
| Wilmont Branch | Wilmont , MN | 56185 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| June 10, 2006 | Structure Change | Acquired United Prairie Bank-Slayton Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 10, 2006 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 6, 2006 | Structure Change | Acquired United Prairie Bank - Owatonna Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 6, 2006 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 30, 1987 | Structure Change | Acquired The First National Bank of Wilmont Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| May 29, 1987 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 2, 1985 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 2, 1985 | Structure Change | Acquired Farmers State Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 8 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in MN, rank 34 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 21 applications, 21 loans originated, $6.0M originated, across 3 states
- Period: Calendar year 2023. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 4 loans, $2.5M approved, $612K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2023 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about United Prairie Bank
What are United Prairie Bank's total assets?
As of the Q2 2026 filing, United Prairie Bank reported total assets of $939.3 million in its FFIEC call report.
Where is United Prairie Bank headquartered?
It is headquartered in Mountain Lake, MN, United States.
When was United Prairie Bank founded?
It was established in 1919, per the FDIC institution directory.
Is United Prairie Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10958). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates United Prairie Bank?
United Prairie Bank's primary federal regulator is the FDIC.
How many branches does United Prairie Bank operate?
It operates 10 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is United Prairie Bank's Texas Ratio?
Its Texas Ratio is 5.35% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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