The Union Bank Company in Columbus Grove, Ohio (OH)

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The Union Bank Company
GeneralFDIC Certificate #: 12969
Status: Active
Federal Reserve ID: 780218
Bank Holding Company (Regulatory Top Holder): United Bancshares, Inc. (RSSDID: 1136009, Location: Columbus Grove, OH)
Date Established: November 21, 1904
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 14 (Domestic: 14, Interstate: No)
OTS Docket #: 9881
FDIC's unique #: 8196
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: January 01, 1934
Last Structure Change Effective Date: March 26, 2010
Last Structure Change Process Date: September 01, 2010
Last Data Update: September 01, 2010
Data Source Date: April 05, 2012
LocationAddress: 100 South High Street, Columbus Grove, OH 45830
County: Putnam
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Columbus
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
History of ChangesOffice Purchased
Financial SummaryTotal assets: $586.4 mil
Equity capital: $67.5 mil
Deposits held in domestic offices: $482.1 mil
Return on assets (ROA): 0.58% ($3.4 mil)
Quarterly return on assets: 0.74% ($4.3 mil)
Return on Equity (ROE): 5.28% ($3.5 mil)
Quarterly return on equity: 6.48% ($4.3 mil)
Net income: $3.4 mil
Quarterly Net income: $1.1 mil
Pretax return on assets: 0.64% ($3,752.7 mil)
Quarterly Pretax return on assets: 0.82% ($4,808.1 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)146
Total assets$586,354
Cash and due from depository institutions$58,997
Interest-bearing balances$50,132
Federal funds sold & reverse repurchase agreements$33
Net loans & leases$332,157
Loan loss allowance $8,543
Trading account assets$0
Bank premises and fixed assets$9,141
Other real estate owned$2,861
Goodwill and other intangibles$9,497
All other assets$21,714
Life insurance assets$586,354
Total liabilities and capital$518,864
Total liabilities$482,067
Total deposits$415,576
Interest-bearing deposits$482,067
Deposits held in domestic offices$94
% insured (estimated)5216.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$27,565
Other borrowed funds $0
Subordinated debt $4,016
All other liabilities $67,490
Total equity capital$67,490
Total bank equity capital$67,490
Perpetual preferred stock$0
Common stock$840
Undivided profits $48,886
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $21,756
Earning assets $0
Long-term assets (5+ years) $1,951
Average Assets, year-to-date $534,276
Average Assets, quarterly $133,018
Volatile liabilities $592,624
Insider loans $585,172
FHLB advances $408,759
Loans and leases held for sale $576,826
Unused loan commitments $13,336
Tier 1 (core) risk-based capital $3,404
Tier 2 risk-based capital $55,049
Total risk weighted assets $0
Total unused commitments $9,932
Restructured Loans and leases $68,566
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $26,461
Total interest expense $6,976
Net interest income $19,485
Provision for loan and lease losses $4,375
Total noninterest income $2,934
Fiduciary activities $0
Service charges on deposit accounts $1,100
Trading account gains & fees $0
Additional noninterest income $1,834
Total noninterest expense $15,139
Salaries and employee benefits $7,884
Premises and equipment expense $1,257
Additional noninterest expense $5,998
Pre-tax net operating income $2,905
Securities gains (losses) $897
Applicable income taxes $360
Income before extraordinary items $3,442
Extraordinary gains - net $0
Net income attributable to bank $3,442
Net charge-offs $0
Cash dividends $3,442
Sale, conversion, retirement of capital stock, net $3,849
Net operating income $575
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.90%
Cost of funding earning assets 1.29%
Net interest margin 3.61%
Noninterest income to earning assets 0.54%
Noninterest expense to earning assets 2.80%
Net operating income to assets 0.44%
Return on assets (ROA) 0.58%
Pretax return on assets 0.64%
Return on equity (ROE) 5.28%
Retained earnings to average equity (YTD only) 4.40%
Net charge-offs to loans 1.07%
Credit loss provision to net charge-offs 113.67%
Efficiency ratio1.89%
Assets per employee$67,345
Cash dividends to net income (YTD only)4.02%
Condition Ratios (%)
Loss allowance to loans 16.71%
Loss allowance to noncurrent loans 2.51%
Noncurrent assets plus other real estate owned to assets 39.27%
Noncurrent loans to loans 4.20%
Net loans and leases to deposits6.39%
Net loans and leases to core deposits 68.90%
Equity capital to assets 77.57%
Core capital (leverage) ratio 11.51%
Tier 1 risk-based capital ratio 9.54%
Total risk-based capital ratio 13.47%
Average assets$15
Average earning assets$592,624
Average equity $65,143
Average loans $540,111
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14 Ohio Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08196The Union Bank Company100 South High Street, Columbus Grove, OH 45830November 21, 1904Full Service Brick and Mortar
1228634Kalida Branch110 East North Street, Kalida, OH 45853November 21, 1904Full Service Brick and Mortar
3228636Ottawa BranchState Route 65 And Us Route 224, Ottawa, OH 45875May 02, 1991Full Service Brick and Mortar
4228637Lima Branch3211 Elida Road, Lima, OH 45805September 12, 1994Full Service Brick and Mortar
5228638Lima East Branch1410 Bellefontaine Ave, Lima, OH 45804May 07, 1998Full Service Brick and Mortar
742574Delphos Branch114 East Third Street, Delphos, OH 45833January 01, 1893Full Service Brick and Mortar
87087Leipsic Branch318 South Belmore Street, Leipsic, OH 45856Febuary 29, 1924Full Service Brick and Mortar
107090Pemberville Branch132 Front Street, Pemberville, OH 43450July 24, 1897Full Service Brick and Mortar
11223981Gibsonburg Branch230 West Main Street, Gibsonburg, OH 43431November 12, 1987Full Service Brick and Mortar
12223982Otterbein-Portage Valley Branch20311 Pemberville Road, Pemberville, OH 43450Febuary 14, 1996Limited Service Facility
14458814Progressive Drive Limited Service101 Progressive Drive, Columbus Grove, OH 45830Febuary 12, 2007Limited Service Facility
15467511Bowling Green Branch1300 North Main Street, Bowling Green, OH 43402August 20, 2007Full Service Brick and Mortar
16486602Lima-Shawne Road Branch701 Shawne Road, Lima, OH 45805December 15, 2008Full Service Brick and Mortar
17272431Findlay Branch1500 Bright Rd, Findlay, OH 45840October 08, 1992Full Service Brick and Mortar
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