Union Bank in Jellico, Tennessee (TN)



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Union Bank
GeneralFDIC Certificate #: 1693
Status: Active
Federal Reserve ID: 423636
Date Established: January 01, 1918
WWW: http://www.ubjonline.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 1115
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: January 01, 1934
Last Structure Change Effective Date: December 31, 2009
Last Structure Change Process Date: January 15, 2010
Last Data Update: January 15, 2010
Data Source Date: April 05, 2012
LocationAddress: 1075 Fifth Street, Jellico, TN 37762
County: Campbell
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Knoxville
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Combined Statistical Area (CSA): Knoxville-Sevierville-La Follette, TN (#314)
Core Based Statistical Area (CBSA): La Follette, TN (#29220)
CBSA Micro Statistical Area: Yes
History of ChangesParticipated in Reorganization
Financial SummaryTotal assets: $62.8 mil
Equity capital: $8.1 mil
Deposits held in domestic offices: $54.2 mil
Return on assets (ROA): 1.83% ($1.2 mil)
Quarterly return on assets: 1.74% ($1.1 mil)
Return on Equity (ROE): 14.36% ($1.1 mil)
Quarterly return on equity: 13.55% ($1.1 mil)
Net income: $1.1 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.95% ($1,225.5 mil)
Quarterly Pretax return on assets: 1.82% ($1,143.8 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)18
Total assets$62,845
Cash and due from depository institutions$4,249
Interest-bearing balances$0
Securities$13,584
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$40,893
Loan loss allowance $518
Trading account assets$0
Bank premises and fixed assets$1,368
Other real estate owned$354
Goodwill and other intangibles$0
All other assets$2,397
Life insurance assets$62,845
Total liabilities and capital$54,742
Total liabilities$54,155
Total deposits$46,070
Interest-bearing deposits$54,155
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $587
All other liabilities $8,103
Total equity capital$8,103
Total bank equity capital$8,103
Perpetual preferred stock$0
Common stock$57
Surplus$1,073
Undivided profits $6,973
Memoranda
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 $119
Earning assets $0
Long-term assets (5+ years) $270
Average Assets, year-to-date $54,477
Average Assets, quarterly $9,978
Volatile liabilities $61,308
Insider loans $62,999
FHLB advances $43,307
Loans and leases held for sale $63,482
Unused loan commitments $1,885
Tier 1 (core) risk-based capital $1,885
Tier 2 risk-based capital $7,656
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,250
Derivatives$820
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,466
Total interest expense $443
Net interest income $3,023
Provision for loan and lease losses $266
Total noninterest income $559
Fiduciary activities $0
Service charges on deposit accounts $354
Trading account gains & fees $0
Additional noninterest income $205
Total noninterest expense $2,120
Salaries and employee benefits $1,133
Premises and equipment expense $289
Additional noninterest expense $698
Pre-tax net operating income $1,196
Securities gains (losses) $0
Applicable income taxes $72
Income before extraordinary items $1,124
Extraordinary gains - net $0
Net income attributable to bank $1,124
Net charge-offs $0
Cash dividends $1,124
Sale, conversion, retirement of capital stock, net $220
Net operating income $819
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.54%
Cost of funding earning assets 0.84%
Net interest margin 5.70%
Noninterest income to earning assets 1.05%
Noninterest expense to earning assets 4.00%
Net operating income to assets 1.83%
Return on assets (ROA) 1.83%
Pretax return on assets 1.95%
Return on equity (ROE) 14.36%
Retained earnings to average equity (YTD only) 3.90%
Net charge-offs to loans 0.55%
Credit loss provision to net charge-offs 120.91%
Efficiency ratio6.65%
Assets per employee$59,185
Cash dividends to net income (YTD only)3.49%
Condition Ratios (%)
Loss allowance to loans 72.86%
Loss allowance to noncurrent loans 1.25%
Noncurrent assets plus other real estate owned to assets 435.29%
Noncurrent loans to loans 0.75%
Net loans and leases to deposits0.29%
Net loans and leases to core deposits 75.51%
Equity capital to assets 85.85%
Core capital (leverage) ratio 12.89%
Tier 1 risk-based capital ratio 12.06%
Total risk-based capital ratio 17.68%
Memoranda
Average assets$19
Average earning assets$61,308
Average equity $7,825
Average loans $53,008
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1 Tennessee Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
01115Union Bank1075 Fifth Street, Jellico, TN 37762January 01, 1918Full Service Brick and Mortar
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