The Union Bank in Evergreen, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 03, 1997

  • The Union Bank in Evergreen, Alabama (AL)
  • Show street view No street view available for this location

The Union Bank - Overview

  • General
  • FDIC Certificate #: 1736
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Colonial Bank (#9609)
    Federal Reserve ID: 593230
    Date Established: January 21, 1922
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 10845
    FDIC's unique #: 1148
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 03, 1997
    Last Structure Change Process Date: May 06, 1997
    Last Data Update: May 06, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 405 Belleville Street, Evergreen, AL 36401
    County: Conecuh
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Pensacola
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
  • Financial Summary
  • Total assets: $57.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $36Total assets
  • $54,132Cash and due from depository institutions
  • $3,311Interest-bearing balances
  • $0Securities
  • $27,637Federal funds sold & reverse repurchase agreements
  • $2,562Net loans & leases
  • $18,619Loan loss allowance
  • $770Trading account assets
  • $0Bank premises and fixed assets
  • $1,277Other real estate owned
  • $24Goodwill and other intangibles
  • $594Life insurance assets
  • $108All other assets
  • $0Total liabilities and capital
  • $54,132Total liabilities
  • $46,265Total deposits
  • $46,057Interest-bearing deposits
  • $38,147Deposits held in domestic offices
  • 46057.00%% insured (estimated)
  • $85Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $208Total equity capital
  • $208Total bank equity capital
  • $7,867Perpetual preferred stock
  • $0Common stock
  • $46Surplus
  • $599Undivided profits
  • Memoranda
  • $7,222Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $676Income earned, not collected on loans
  • $186Earning assets
  • $48,818Long-term assets (5+ years)
  • $10,227Average Assets, year-to-date
  • $53,671Average Assets, quarterly
  • $53,451Volatile liabilities
  • $5,285Insider loans
  • $543FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,892Total risk weighted assets
  • $23,195Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,868Total interest expense
  • $1,672Net interest income
  • $2,196Provision for loan and lease losses
  • $798Total noninterest income
  • $692Fiduciary activities
  • $0Service charges on deposit accounts
  • $404Trading account gains & fees
  • $0Additional noninterest income
  • $288Total noninterest expense
  • $1,811Salaries and employee benefits
  • $899Premises and equipment expense
  • $495Additional noninterest expense
  • $417Pre-tax net operating income
  • $279Securities gains (losses)
  • $22Applicable income taxes
  • $264Income before extraordinary items
  • $37Extraordinary gains - net
  • $0Net income attributable to bank
  • $37Net charge-offs
  • $172Cash dividends
  • $23Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.99%Cost of funding earning assets
  • 3.45%Net interest margin
  • 4.54%Noninterest income to earning assets
  • 1.43%Noninterest expense to earning assets
  • 3.74%Net operating income to assets
  • 0.04%Return on assets (ROA)
  • 0.07%Pretax return on assets
  • 0.56%Return on equity (ROE)
  • 0.47%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 0.86%Credit loss provision to net charge-offs
  • 463.95%Efficiency ratio
  • 61,565Assets per employee
  • 1.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.16%Loss allowance to loans
  • 3.97%Loss allowance to noncurrent loans
  • 113.91%Noncurrent assets plus other real estate owned to assets
  • 1.29%Noncurrent loans to loans
  • 3.49%Net loans and leases to deposits
  • 40.43%Net loans and leases to core deposits
  • 45.67%Equity capital to assets
  • 14.53%Core capital (leverage) ratio
  • 14.93%Tier 1 risk-based capital ratio
  • 34.02%Total risk-based capital ratio
  • Memoranda
  • $35Average assets
  • $53,671Average earning assets
  • $7,957Average equity
  • $48,398Average loans

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