Union Bank in Jamestown, Tennessee (TN)

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Union Bank
GeneralFDIC Certificate #: 6088
Status: Active
Federal Reserve ID: 235231
Bank Holding Company (Regulatory Top Holder): Jamestown Union Bancshares, Inc. (RSSDID: 1129542, Location: Jamestown, TN)
Date Established: January 01, 1904
WWW: http://www.myunionbankonline.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 11182
FDIC's unique #: 4111
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: All Other Specialization < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 07, 2010
Last Structure Change Process Date: December 07, 2010
Last Data Update: December 07, 2010
Data Source Date: April 05, 2012
LocationAddress: 311 North Main Street, Jamestown, TN 38556
County: Fentress
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
History of ChangesChange in Location
Financial SummaryTotal assets: $192.7 mil
Equity capital: $21.1 mil
Deposits held in domestic offices: $170.0 mil
Return on assets (ROA): 0.69% ($1.3 mil)
Quarterly return on assets: 0.74% ($1.4 mil)
Return on Equity (ROE): 6.32% ($1.3 mil)
Quarterly return on equity: 6.69% ($1.4 mil)
Net income: $1.3 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 0.85% ($1,638.1 mil)
Quarterly Pretax return on assets: 0.87% ($1,676.6 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)48
Total assets$192,712
Cash and due from depository institutions$16,265
Interest-bearing balances$205
Federal funds sold & reverse repurchase agreements$2,945
Net loans & leases$120,714
Loan loss allowance $1,338
Trading account assets$0
Bank premises and fixed assets$9,637
Other real estate owned$2,402
Goodwill and other intangibles$0
All other assets$8,421
Life insurance assets$192,712
Total liabilities and capital$171,588
Total liabilities$169,965
Total deposits$144,807
Interest-bearing deposits$169,965
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,623
All other liabilities $21,124
Total equity capital$21,124
Total bank equity capital$21,124
Perpetual preferred stock$0
Common stock$1,000
Undivided profits $19,124
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 $5,059
Earning assets $0
Long-term assets (5+ years) $1,967
Average Assets, year-to-date $156,192
Average Assets, quarterly $28,936
Volatile liabilities $188,929
Insider loans $191,452
FHLB advances $133,220
Loans and leases held for sale $192,991
Unused loan commitments $5,119
Tier 1 (core) risk-based capital $1,885
Tier 2 risk-based capital $20,732
Total risk weighted assets $0
Total unused commitments $3,234
Restructured Loans and leases $10,404
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,836
Total interest expense $2,216
Net interest income $6,620
Provision for loan and lease losses $1,165
Total noninterest income $688
Fiduciary activities $0
Service charges on deposit accounts $336
Trading account gains & fees $0
Additional noninterest income $352
Total noninterest expense $5,098
Salaries and employee benefits $2,495
Premises and equipment expense $946
Additional noninterest expense $1,657
Pre-tax net operating income $1,045
Securities gains (losses) $558
Applicable income taxes $300
Income before extraordinary items $1,303
Extraordinary gains - net $0
Net income attributable to bank $1,303
Net charge-offs $0
Cash dividends $1,303
Sale, conversion, retirement of capital stock, net $924
Net operating income $425
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.72%
Cost of funding earning assets 1.43%
Net interest margin 4.29%
Noninterest income to earning assets 0.45%
Noninterest expense to earning assets 3.30%
Net operating income to assets 0.45%
Return on assets (ROA) 0.69%
Pretax return on assets 0.85%
Return on equity (ROE) 6.32%
Retained earnings to average equity (YTD only) 4.26%
Net charge-offs to loans 0.79%
Credit loss provision to net charge-offs 126.08%
Efficiency ratio2.39%
Assets per employee$69,759
Cash dividends to net income (YTD only)4.01%
Condition Ratios (%)
Loss allowance to loans 32.62%
Loss allowance to noncurrent loans 1.10%
Noncurrent assets plus other real estate owned to assets 26.45%
Noncurrent loans to loans 3.87%
Net loans and leases to deposits4.14%
Net loans and leases to core deposits 71.02%
Equity capital to assets 80.67%
Core capital (leverage) ratio 10.96%
Tier 1 risk-based capital ratio 10.74%
Total risk-based capital ratio 15.56%
Average assets$17
Average earning assets$188,929
Average equity $20,621
Average loans $154,464
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3 Tennessee Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
04111Union Bank311 North Main Street, Jamestown, TN 38556January 01, 1904Full Service Brick and Mortar
1208703Clarkrange Branch6850 South York Highway, Clarkrange, TN 38553January 27, 1997Full Service Brick and Mortar
2506262Union Bank8500 Highway 111, Suite 200, Byrdstown, TN 38549March 22, 2010Full Service Brick and Mortar
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