The Bank of Union in El Reno, Oklahoma (OK)



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The Bank of Union
GeneralFDIC Certificate #: 17967
Status: Active
Federal Reserve ID: 535258
Bank Holding Company (Regulatory Top Holder): Union City Corporation (RSSDID: 2526296, Location: El Reno, OK)
Date Established: January 01, 1900
WWW: http://www.bankofunion.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 11899
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: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: Febuary 09, 1959
Last Structure Change Effective Date: October 01, 2007
Last Structure Change Process Date: March 27, 2008
Last Data Update: March 27, 2008
Data Source Date: April 05, 2012
LocationAddress: 2000 South Country Club Road, El Reno, OK 73036
County: Canadian
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Oklahoma City
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Oklahoma City, OK (#5880)
Combined Statistical Area (CSA): Oklahoma City-Shawnee, OK (#416)
Core Based Statistical Area (CBSA): Oklahoma City, OK (#36420)
CBSA Metro Statistical Area: Oklahoma City, OK (#36420)
Financial SummaryTotal assets: $381.2 mil
Equity capital: $36.8 mil
Deposits held in domestic offices: $344.2 mil
Return on assets (ROA): 2.24% ($8.5 mil)
Quarterly return on assets: 2.14% ($8.2 mil)
Return on Equity (ROE): 23.84% ($8.8 mil)
Quarterly return on equity: 22.48% ($8.3 mil)
Net income: $8.2 mil
Quarterly Net income: $2.0 mil
Pretax return on assets: 2.24% ($8,538.2 mil)
Quarterly Pretax return on assets: 2.14% ($8,157.0 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)
Total employees (full-time equivalent)63
Total assets$381,170
Cash and due from depository institutions$13,177
Interest-bearing balances$121
Securities$21,139
Federal funds sold & reverse repurchase agreements$477
Net loans & leases$336,094
Loan loss allowance $4,888
Trading account assets$0
Bank premises and fixed assets$2,405
Other real estate owned$211
Goodwill and other intangibles$0
All other assets$7,667
Life insurance assets$381,170
Total liabilities and capital$344,371
Total liabilities$344,190
Total deposits$323,547
Interest-bearing deposits$344,190
Deposits held in domestic offices$84
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $181
All other liabilities $36,799
Total equity capital$36,799
Total bank equity capital$36,799
Perpetual preferred stock$0
Common stock$64
Surplus$23,100
Undivided profits $13,635
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $586
Income earned, not collected on loans $7,963
Earning assets $0
Long-term assets (5+ years) $6,065
Average Assets, year-to-date $357,831
Average Assets, quarterly $27,311
Volatile liabilities $365,218
Insider loans $378,975
FHLB advances $337,648
Loans and leases held for sale $380,180
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $36,548
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $21,714
Derivatives$5,023
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $22,967
Total interest expense $4,983
Net interest income $17,984
Provision for loan and lease losses $3,850
Total noninterest income $1,194
Fiduciary activities $0
Service charges on deposit accounts $978
Trading account gains & fees $0
Additional noninterest income $216
Total noninterest expense $7,161
Salaries and employee benefits $4,085
Premises and equipment expense $706
Additional noninterest expense $2,370
Pre-tax net operating income $8,167
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $8,167
Extraordinary gains - net $0
Net income attributable to bank $8,167
Net charge-offs $0
Cash dividends $8,167
Sale, conversion, retirement of capital stock, net $1,968
Net operating income $2,969
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.64%
Cost of funding earning assets 1.44%
Net interest margin 5.20%
Noninterest income to earning assets 0.35%
Noninterest expense to earning assets 2.07%
Net operating income to assets 2.24%
Return on assets (ROA) 2.24%
Pretax return on assets 2.24%
Return on equity (ROE) 23.84%
Retained earnings to average equity (YTD only) 15.18%
Net charge-offs to loans 0.63%
Credit loss provision to net charge-offs 195.63%
Efficiency ratio6.11%
Assets per employee$37,340
Cash dividends to net income (YTD only)6.05%
Condition Ratios (%)
Loss allowance to loans 36.35%
Loss allowance to noncurrent loans 1.43%
Noncurrent assets plus other real estate owned to assets 61.38%
Noncurrent loans to loans 2.14%
Net loans and leases to deposits2.34%
Net loans and leases to core deposits 97.65%
Equity capital to assets 115.04%
Core capital (leverage) ratio 9.65%
Tier 1 risk-based capital ratio 9.61%
Total risk-based capital ratio 10.82%
Memoranda
Average assets$12
Average earning assets$365,218
Average equity $34,253
Average loans $345,871
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2 Oklahoma Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
011899The Bank Of Union2000 South Country Club Road, El Reno, OK 73036January 01, 1900Full Service Brick and Mortar
1269219205 North Main Street Branch205 North Main Street, Union City, OK 73090January 01, 1921Full Service Brick and Mortar
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