OneUnited Bank in Boston, Massachusetts (MA), CA, FL
Overview, Financial Summary, Detailed Financial Reports, Branches


OneUnited Bank - Overview

  • General
  • FDIC Certificate #: 23966
    Status: Active
    Federal Reserve ID: 935308
    Date Established: August 02, 1982
    WWW: http://www.oneunited.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: Yes)
    OTS Docket #: 9061
    FDIC's unique #: 16717
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 02, 1982
    Last Structure Change Effective Date: August 20, 2007
    Last Structure Change Process Date: October 08, 2008
    Last Data Update: October 08, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 Franklin St, Boston, MA 2110
    County: Suffolk
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: North Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Boston, MA-NH (#1120)
    Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460)
    CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
    Core Based Statistical Division: Boston-Quincy, MA (#14484)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $562.4 mil
    Equity capital: $43.2 mil
    Deposits held in domestic offices: $319.5 mil
    Return on assets (ROA): 0.52% ($2.9 mil)
    Quarterly return on assets: 0.27% ($1.5 mil)
    Return on Equity (ROE): 7.14% ($3.1 mil)
    Quarterly return on equity: 3.45% ($1.5 mil)
    Net income: $2.8 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.83% ($4,668.0 mil)
    Quarterly Pretax return on assets: 0.43% ($2,418.4 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, 2011)

  • Dollar figures in thousands
  • 94Total employees (full-time equivalent)
  • $562,413Total assets
  • $47,407Cash and due from depository institutions
  • $45,899Interest-bearing balances
  • $146,316Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $331,328Net loans & leases
  • $3,381Loan loss allowance
  • $0Trading account assets
  • $6,123Bank premises and fixed assets
  • $1,672Other real estate owned
  • $42Goodwill and other intangibles
  • $562,413Life insurance assets
  • $29,525All other assets
  • $519,224Total liabilities and capital
  • $319,510Total liabilities
  • $297,245Total deposits
  • $319,510Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $197,080Trading liabilities
  • $0Other borrowed funds
  • $2,634Subordinated debt
  • $43,189All other liabilities
  • $43,189Total equity capital
  • $43,189Total bank equity capital
  • $49,851Perpetual preferred stock
  • $36Common stock
  • $9,153Surplus
  • $-15,851Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $65Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,761Income earned, not collected on loans
  • $41Earning assets
  • $2,864Long-term assets (5+ years)
  • $523,543Average Assets, year-to-date
  • $182,614Average Assets, quarterly
  • $546,147Volatile liabilities
  • $561,505Insider loans
  • $322,429FHLB advances
  • $544,510Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $29,231Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,289Restructured Loans and leases
  • $226Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $25,144Total interest income
  • $11,002Total interest expense
  • $14,142Net interest income
  • $800Provision for loan and lease losses
  • $2,986Total noninterest income
  • $0Fiduciary activities
  • $904Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,082Additional noninterest income
  • $15,309Total noninterest expense
  • $6,902Salaries and employee benefits
  • $2,497Premises and equipment expense
  • $5,910Additional noninterest expense
  • $1,019Pre-tax net operating income
  • $3,528Securities gains (losses)
  • $1,728Applicable income taxes
  • $2,819Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,819Net income attributable to bank
  • $0Net charge-offs
  • $2,819Cash dividends
  • $802Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.99%Yield on earning assets
  • 2.18%Cost of funding earning assets
  • 2.81%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 3.04%Noninterest expense to earning assets
  • 0.10%Net operating income to assets
  • 0.52%Return on assets (ROA)
  • 0.83%Pretax return on assets
  • 7.14%Return on equity (ROE)
  • 7.14%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 99.75%Credit loss provision to net charge-offs
  • 2.27%Efficiency ratio
  • 89,380Assets per employee
  • 5.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 21.45%Noncurrent assets plus other real estate owned to assets
  • 3.52%Noncurrent loans to loans
  • 4.71%Net loans and leases to deposits
  • 103.70%Net loans and leases to core deposits
  • 114.01%Equity capital to assets
  • 7.68%Core capital (leverage) ratio
  • 5.37%Tier 1 risk-based capital ratio
  • 9.07%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $546,147Average earning assets
  • $39,491Average equity
  • $503,867Average loans

List of branches

  • 5 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    6285599E. Compton Blvd Branch205 E. Compton Boulevard, Compton, CA 90221January 01, 1973Full Service Brick and Mortar
    7196596Crenshaw And Baldwin Hill Branch4143 Crenshaw Boulevard, Los Angeles, CA 90008October 08, 1945Full Service Brick and Mortar
    943210Crenshaw Branch3683 Crenshaw Boulevard, Los Angeles, CA 90016December 30, 1948Full Service Brick and Mortar
    10280199Pasadena Branch1335 North Lake St, Pasadena, CA 91104December 31, 1976Full Service Brick and Mortar
    12273886Ladera Heights Branch6810 La Tijera Boulevard, Los Angeles, CA 90045November 01, 1934Full Service Brick and Mortar
  • 1 Florida Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    31206879th Street Branch3275 N.W. 79th Street, Miami, FL 33147Febuary 04, 1960Full Service Brick and Mortar
  • 3 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016717Oneunited Bank100 Franklin St, Boston, MA 2110August 02, 1982Full Service Brick and Mortar
    2256841Roxbury Branch2343 Washington Street, Boston, MA 2108November 22, 1982Full Service Brick and Mortar
    13463799Grove Hall Branch648 Warren Street, Dorchester, MA 2121May 21, 2007Full Service Brick and Mortar

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