United Prairie Bank
Mountain Lake, Minnesota, Cottonwood County
$939M in total assets, the 1,128th largest of 4,309 US banks and 20th of 225 headquartered in Minnesota.
- FDIC certificate
- 10958
- Established
- 1919
- Owned by
- Farmers State Corp
- Primary regulator
- FDIC
- Website
- www.unitedprairiebank.com
At a glance
Compared with 150 banks headquartered in Minnesota with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $939M | 98% | $277M | |
| Loans | $794M | 98% | $181M | |
| Deposits | $788M | 98% | $243M | |
| Return on assets | 1.30% | 56% | 1.23% | |
| Net interest margin | 4.11% | 56% | 3.99% | |
| Efficiency ratio | 58.2% | 41% | 61.1% | |
| Equity to assets | 10.22% | 66% | 9.54% | |
| Loans to deposits | 101% | 85% | 82% |
Growth
Total assets grew 4.5% a year over the last 5 years and 5.5% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jun 2006 | United Prairie Bank-Slayton Slayton, MN, an affiliate under the same holding company | $36M |
| Jun 2006 | United Prairie Bank-New Ulm New Ulm, MN, an affiliate under the same holding company | $33M |
| Jun 2006 | United Prairie Bank-Jackson Jackson, MN, an affiliate under the same holding company | $39M |
| Jun 2006 | United Prairie Bank - Madison Madison, MN, an affiliate under the same holding company | $32M |
| May 2006 | United Prairie Bank - Owatonna Owatonna, MN, an affiliate under the same holding company | $130M |
| May 2006 | United Prairie Bank-Spicer Spicer, MN, an affiliate under the same holding company | $64M |
| May 1987 | The First National Bank of Wilmont Wilmont, MN | $13M |
| Aug 1985 | Farmers State Bank of Round Lake Round Lake, MN | $24M |
Where they operate
10 branches in 8 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Nobles County, MN | $153M | 19.2% | 2 of 10 |
| Cottonwood County, MN | $150M | 33.5% | 2 of 5 |
| Steele County, MN | $138M | 14.2% | 2 of 13 |
| Blue Earth County, MN | $106M | 3.9% | 9 of 17 |
| Brown County, MN | $81M | 8.3% | 6 of 10 |
| Kandiyohi County, MN | $70M | 4.1% | 9 of 13 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 3 branches since 2016 (13 to 10, −23.1%). 0 opened, 0 acquired, 3 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 13 | |||
| 2017 | Closed Mankato | 0 | 1 | −1 | 12 |
| 2020 | Closed Jackson and Owatonna | 0 | 2 | −2 | 10 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 28% | 25% | |
| Farmland | 25% | 10% | |
| Agricultural | 15% | 8% | |
| Business (C&I) | 13% | 15% | |
| Multifamily | 7% | 4% | |
| Construction and land | 4% | 5% | |
| 1-4 family residential | 4% | 29% | |
| Consumer | 0% | 4% | |
| Other | 3% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 67% | 49% | |
| Time deposits | 24% | 30% | |
| Noninterest-bearing | 9% | 21% |
Brokered deposits are 1.0% of deposits (peers 3.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.64% | 0.46% |
| Net charge-offs, annualized | 0.09% | 0.00% |
| Reserves to loans | 0.94% | 1.21% |
| Leverage ratio | 9.68% | 10.08% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Minnesota
Largest competitors in Nobles County, MN
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/united-prairie