Union Bank in Morrisville, Vermont (VT), NH
Overview, Financial Summary, Detailed Financial Reports, Branches


Union Bank - Overview

  • General
  • FDIC Certificate #: 14158
    Status: Active
    Federal Reserve ID: 333203
    Bank Holding Company (Regulatory Top Holder): Union Bankshares, Inc. (RSSDID: 1114940, Location: Morrisville, VT)
    Date Established: January 01, 1891
    WWW: http://www.unionbankvt.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 17 (Domestic: 17, Interstate: Yes)
    OTS Docket #: 8986
    FDIC's unique #: 8840
    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: March 31, 1934
    Last Structure Change Effective Date: December 28, 2011
    Last Structure Change Process Date: December 28, 2011
    Last Data Update: December 28, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 20 Lower Main Street, Morrisville, VT 5661
    County: Lamoille
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Springfield Ma
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $551.8 mil
    Equity capital: $40.2 mil
    Deposits held in domestic offices: $474.3 mil
    Return on assets (ROA): 1.08% ($6.0 mil)
    Quarterly return on assets: 1.30% ($7.2 mil)
    Return on Equity (ROE): 13.09% ($5.2 mil)
    Quarterly return on equity: 17.24% ($6.9 mil)
    Net income: $5.4 mil
    Quarterly Net income: $1.8 mil
    Pretax return on assets: 1.32% ($7,284.4 mil)
    Quarterly Pretax return on assets: 1.57% ($8,664.0 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
  • 161Total employees (full-time equivalent)
  • $551,849Total assets
  • $48,494Cash and due from depository institutions
  • $33,401Interest-bearing balances
  • $46,834Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $425,165Net loans & leases
  • $4,226Loan loss allowance
  • $0Trading account assets
  • $9,163Bank premises and fixed assets
  • $1,476Other real estate owned
  • $4,649Goodwill and other intangibles
  • $551,849Life insurance assets
  • $16,068All other assets
  • $511,691Total liabilities and capital
  • $474,289Total liabilities
  • $396,783Total deposits
  • $474,289Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 6668.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $22,347Trading liabilities
  • $0Other borrowed funds
  • $8,387Subordinated debt
  • $40,158All other liabilities
  • $40,158Total equity capital
  • $40,158Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $5,084Surplus
  • $34,874Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $4,888Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,205Income earned, not collected on loans
  • $901Earning assets
  • $1,810Long-term assets (5+ years)
  • $505,400Average Assets, year-to-date
  • $177,370Average Assets, quarterly
  • $504,272Volatile liabilities
  • $548,362Insider loans
  • $369,640FHLB advances
  • $540,770Loans and leases held for sale
  • $3,185Unused loan commitments
  • $2,169Tier 1 (core) risk-based capital
  • $40,671Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,016Total unused commitments
  • $70,759Restructured Loans and leases
  • $4,774Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $23,708Total interest income
  • $3,884Total interest expense
  • $19,824Net interest income
  • $775Provision for loan and lease losses
  • $7,019Total noninterest income
  • $558Fiduciary activities
  • $1,253Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,208Additional noninterest income
  • $19,595Total noninterest expense
  • $10,908Salaries and employee benefits
  • $2,352Premises and equipment expense
  • $6,335Additional noninterest expense
  • $6,473Pre-tax net operating income
  • $183Securities gains (losses)
  • $1,229Applicable income taxes
  • $5,427Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,427Net income attributable to bank
  • $0Net charge-offs
  • $5,427Cash dividends
  • $304Sale, conversion, retirement of capital stock, net
  • $4,650Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.11%Yield on earning assets
  • 0.84%Cost of funding earning assets
  • 4.28%Net interest margin
  • 1.51%Noninterest income to earning assets
  • 4.23%Noninterest expense to earning assets
  • 1.05%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.32%Pretax return on assets
  • 13.09%Return on equity (ROE)
  • 1.87%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 254.93%Credit loss provision to net charge-offs
  • 23.84%Efficiency ratio
  • 72,999Assets per employee
  • 3.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 85.68%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 68.11%Noncurrent assets plus other real estate owned to assets
  • 1.39%Noncurrent loans to loans
  • 1.45%Net loans and leases to deposits
  • 89.64%Net loans and leases to core deposits
  • 99.30%Equity capital to assets
  • 7.28%Core capital (leverage) ratio
  • 7.52%Tier 1 risk-based capital ratio
  • 11.00%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $504,272Average earning assets
  • $41,469Average equity
  • $463,515Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $91,720Managed Assets
  • 1Number of Accounts
  • $84,122Personal trust and agency accounts
  • $25,941Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $14,076Other retirement accounts
  • $4,841Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $39,264Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 154Number of Accounts
  • $0Personal trust and agency accounts
  • $4,841Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $7,598Other retirement accounts
  • $0Corporate trust and agency accounts
  • $7,444Other fiduciary accounts
  • $24Fiduciary accounts held in foreign offices

List of branches

  • 4 New Hampshire Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    13449897Littleton Nh Branch263 Dells Road, Littleton, NH 3561March 20, 2006Full Service Brick and Mortar
    169924Groveton Branch3 State Street, Groveton, NH 3582January 01, 1939Full Service Brick and Mortar
    1711944Littleton Branch76 Main Street, Littleton, NH 3561October 14, 1871Full Service Brick and Mortar
    18209105North Woodstock Branch155 Main Street, North Woodstock, NH 3262December 07, 1993Full Service Brick and Mortar
  • 13 Vermont Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08840Union Bank20 Lower Main Street, Morrisville, VT 5661January 01, 1891Full Service Brick and Mortar
    1231095Jeffersonville BranchMain Street, Jeffersonville, VT 5464November 17, 1917Full Service Brick and Mortar
    2231096Stowe BranchPond And Park Streets, Stowe, VT 5672January 01, 1891Full Service Brick and Mortar
    3231097Northgate Plaza BranchNorthgate Plaza, Morrisville, VT 5661November 05, 1979Full Service Brick and Mortar
    4231098Johnson BranchRoute 15 (Main Street), Johnson, VT 5656August 22, 1985Full Service Brick and Mortar
    7231101Hardwick BranchWolcott Street, Hardwick, VT 5843October 12, 1993Full Service Brick and Mortar
    8365419Fairfax BranchRoute 104, Fairfax, VT 5454April 22, 2002Full Service Brick and Mortar
    98845Railroad Street364 Railroad Street, Saint Johnsbury, VT 5819January 01, 1886Full Service Brick and Mortar
    10231119Portland Street Branch325 Portland Street, St. Johnsbury, VT 5819December 04, 1967Full Service Brick and Mortar
    11231120Green Mountain Mall BranchGreen Mountain Mall, St. Johnsbury, VT 5819June 11, 1975Full Service Brick and Mortar
    12231121Lyndonville Branch183 Depot Street, Lyndonville, VT 5851September 08, 1995Full Service Brick and Mortar
    14480131Danville Branch421 Route 2, Danville, VT 5828July 31, 2008Full Service Brick and Mortar
    15481423Saint Albans Branch15 Mapleville Depot, Saint Albans, VT 5478October 04, 2008Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Union Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents