Union Bank & Trust in Denver, Colorado (CO)



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Union Bank & Trust
GeneralFDIC Certificate #: 14708
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: KeyBank National Association (#17534)
Federal Reserve ID: 40051
Date Established: January 01, 1934
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Interstate: No)
OTS Docket #: 12566
FDIC's unique #: 9202
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: August 18, 1934
Last Structure Change Effective Date: January 17, 2003
Last Structure Change Process Date: Febuary 06, 2003
Last Data Update: Febuary 06, 2003
Data Source Date: April 05, 2012
LocationAddress: 100 Broadway, Denver, CO 80203
County: Denver
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Denver
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Denver, CO (#2080)
Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34)
Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216)
Core Based Statistical Area (CBSA): Denver-Aurora-Broomfield, CO (#19740)
CBSA Metro Statistical Area: Denver-Aurora-Broomfield, CO (#19740)
Financial SummaryTotal assets: $506.4 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, 2002)
(Dollar figures in thousands)
Total employees (full-time equivalent)132
Total assets$506,359
Cash and due from depository institutions$22,124
Interest-bearing balances$0
Securities$195,359
Federal funds sold & reverse repurchase agreements$3,100
Net loans & leases$232,121
Loan loss allowance $3,484
Trading account assets$0
Bank premises and fixed assets$2,044
Other real estate owned$937
Goodwill and other intangibles$45,615
All other assets$5,059
Life insurance assets$0
Total liabilities and capital$506,359
Total liabilities$432,070
Total deposits$369,139
Interest-bearing deposits$308,979
Deposits held in domestic offices$369,139
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $12,124
Trading liabilities$0
Other borrowed funds $44,404
Subordinated debt $0
All other liabilities $6,403
Total equity capital$74,289
Total bank equity capital$74,289
Perpetual preferred stock$74,289
Common stock$0
Surplus$3,000
Undivided profits $70,099
Memoranda
Noncurrent loans and leases $1,190
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $81,406
Income earned, not collected on loans $0
Earning assets $1,437
Long-term assets (5+ years) $0
Average Assets, year-to-date $2,269
Average Assets, quarterly $430,580
Volatile liabilities $221,480
Insider loans $464,605
FHLB advances $490,930
Loans and leases held for sale $80,112
Unused loan commitments $2,734
Tier 1 (core) risk-based capital $44,404
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $81,406
Restructured Loans and leases $0
Derivatives$3,068
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Income and Expense (December 31, 2002)
(Dollar figures in thousands)
Total interest income $1,133
Total interest expense $349
Net interest income $784
Provision for loan and lease losses $0
Total noninterest income $88
Fiduciary activities $0
Service charges on deposit accounts $67
Trading account gains & fees $0
Additional noninterest income $21
Total noninterest expense $510
Salaries and employee benefits $319
Premises and equipment expense $47
Additional noninterest expense $144
Pre-tax net operating income $362
Securities gains (losses) $0
Applicable income taxes $115
Income before extraordinary items $247
Extraordinary gains - net $0
Net income attributable to bank $247
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 2002)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.27%
Cost of funding earning assets 0.08%
Net interest margin 0.19%
Noninterest income to earning assets 0.02%
Noninterest expense to earning assets 0.12%
Net operating income to assets 0.05%
Return on assets (ROA) 0.05%
Pretax return on assets 0.08%
Return on equity (ROE) 0.61%
Retained earnings to average equity (YTD only) 0.61%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$58,486
Cash dividends to net income (YTD only)3.84%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.48%
Noncurrent assets plus other real estate owned to assets 242.45%
Noncurrent loans to loans 0.47%
Net loans and leases to deposits0.61%
Net loans and leases to core deposits 62.88%
Equity capital to assets 72.41%
Core capital (leverage) ratio 14.67%
Tier 1 risk-based capital ratio 6.47%
Total risk-based capital ratio 11.32%
Memoranda
Average assets$13
Average earning assets$464,605
Average equity $40,577
Average loans $421,987
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Total Fiduciary and Related Assets (December 31, 2002)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$484
Number of Accounts1
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts9
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$484
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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