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- Banks in Alabama (AL)
- The Union Bank
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)
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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
- bankencyclopedia.com
- Banks in Alabama (AL)
- The Union Bank
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