Union Bank, Inc. in Middlebourne, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Union Bank, Inc. in Middlebourne, West Virginia (WV)
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Union Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 16620
    Status: Active
    Federal Reserve ID: 667029
    Bank Holding Company (Regulatory Top Holder): Hometown Bancshares, Inc. (RSSDID: 2687580, Location: Middlebourne, WV)
    Date Established: July 05, 1947
    WWW: http://www.hometownbanc.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 12220
    FDIC's unique #: 10761
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: July 05, 1947
    Last Structure Change Effective Date: September 15, 2007
    Last Structure Change Process Date: September 28, 2007
    Last Data Update: September 28, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 107 Dodd Street, Middlebourne, WV 26149
    County: Tyler
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Scott Depot
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $184.1 mil
    Equity capital: $23.3 mil
    Deposits held in domestic offices: $157.8 mil
    Return on assets (ROA): 1.24% ($2.3 mil)
    Quarterly return on assets: 1.18% ($2.2 mil)
    Return on Equity (ROE): 10.26% ($2.4 mil)
    Quarterly return on equity: 9.57% ($2.2 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.24% ($2,283.0 mil)
    Quarterly Pretax return on assets: 1.18% ($2,172.5 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
  • 68Total employees (full-time equivalent)
  • $184,111Total assets
  • $9,570Cash and due from depository institutions
  • $6,640Interest-bearing balances
  • $82,277Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $76,604Net loans & leases
  • $1,010Loan loss allowance
  • $0Trading account assets
  • $3,787Bank premises and fixed assets
  • $98Other real estate owned
  • $7,717Goodwill and other intangibles
  • $184,111Life insurance assets
  • $4,058All other assets
  • $160,796Total liabilities and capital
  • $157,752Total liabilities
  • $136,433Total deposits
  • $157,752Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 2464.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $580Subordinated debt
  • $23,315All other liabilities
  • $23,315Total equity capital
  • $23,315Total bank equity capital
  • $0Perpetual preferred stock
  • $144Common stock
  • $17,808Surplus
  • $5,363Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $121Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $428Income earned, not collected on loans
  • $0Earning assets
  • $681Long-term assets (5+ years)
  • $165,521Average Assets, year-to-date
  • $98,003Average Assets, quarterly
  • $186,902Volatile liabilities
  • $187,896Insider loans
  • $81,551FHLB advances
  • $181,262Loans and leases held for sale
  • $2,096Unused loan commitments
  • $2,096Tier 1 (core) risk-based capital
  • $12,197Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,305Restructured Loans and leases
  • $3,053Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,011Total interest income
  • $1,780Total interest expense
  • $6,231Net interest income
  • $40Provision for loan and lease losses
  • $827Total noninterest income
  • $1Fiduciary activities
  • $337Service charges on deposit accounts
  • $0Trading account gains & fees
  • $489Additional noninterest income
  • $4,712Total noninterest expense
  • $2,353Salaries and employee benefits
  • $570Premises and equipment expense
  • $1,789Additional noninterest expense
  • $2,306Pre-tax net operating income
  • $4Securities gains (losses)
  • $0Applicable income taxes
  • $2,310Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,310Net income attributable to bank
  • $0Net charge-offs
  • $2,310Cash dividends
  • $112Sale, conversion, retirement of capital stock, net
  • $1,968Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.78%Yield on earning assets
  • 1.06%Cost of funding earning assets
  • 3.72%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 2.81%Noninterest expense to earning assets
  • 1.23%Net operating income to assets
  • 1.24%Return on assets (ROA)
  • 1.24%Pretax return on assets
  • 10.26%Return on equity (ROE)
  • 1.52%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 35.71%Credit loss provision to net charge-offs
  • 20.95%Efficiency ratio
  • 63,446Assets per employee
  • 2.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 85.19%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 235.98%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.55%Net loans and leases to deposits
  • 48.56%Net loans and leases to core deposits
  • 48.83%Equity capital to assets
  • 12.66%Core capital (leverage) ratio
  • 6.73%Tier 1 risk-based capital ratio
  • 14.96%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $186,902Average earning assets
  • $22,519Average equity
  • $167,454Average 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
  • $577Managed Assets
  • 1Number of Accounts
  • $577Personal trust and agency accounts
  • $577Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 8 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010761Union Bank, Inc.107 Dodd Street, Middlebourne, WV 26149July 05, 1947Full Service Brick and Mortar
    14524Sistersville Branch700 Wells Street, Sistersville, WV 26175January 01, 1895Full Service Brick and Mortar
    3441888Hundred Office BranchSt Rt 250, Hundred, WV 26575November 19, 2004Full Service Brick and Mortar
    4100811500 West Main Street Branch1500 East Main Street, Harrisville, WV 26362August 20, 1941Full Service Brick and Mortar
    5235618Cairo BranchMain And Hill Streets, Cairo, WV 26337November 18, 1985Full Service Brick and Mortar
    6233962Pennsboro Branch214 Masonic Avenue, Pennsboro, WV 26415September 02, 1980Full Service Brick and Mortar
    7208925Ellenboro Branch90 Main Street, Ellenboro, WV 26346July 01, 1997Full Service Brick and Mortar
    84570St Marys Branch401 Second Street, St. Marys, WV 26170January 01, 1899Full Service Brick and Mortar

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