Union Bank and Trust Company in Bowling Green, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 20, 2010

  • Union Bank and Trust Company in Bowling Green, Virginia (VA)
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Union Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 11579
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Union First Market Bank (#34589)
    Federal Reserve ID: 693224
    Date Established: January 01, 1902
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 41 (Interstate: No)
    OTS Docket #: 10428
    FDIC's unique #: 7398
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 20, 2010
    Last Structure Change Process Date: April 01, 2010
    Last Data Update: April 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 211 North Main Street, Bowling Green, VA 22427
    County: Caroline
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Richmond, VA (#40060)
    CBSA Metro Statistical Area: Richmond, VA (#40060)
  • Financial Summary
  • Total assets: $2,037.6 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, 2009)

  • Dollar figures in thousands
  • 398Total employees (full-time equivalent)
  • $2,037,566Total assets
  • $34,196Cash and due from depository institutions
  • $3,380Interest-bearing balances
  • $234,709Securities
  • $6,463Federal funds sold & reverse repurchase agreements
  • $1,559,464Net loans & leases
  • $26,886Loan loss allowance
  • $0Trading account assets
  • $48,822Bank premises and fixed assets
  • $18,264Other real estate owned
  • $58,157Goodwill and other intangibles
  • $27,723Life insurance assets
  • $77,491All other assets
  • $2,037,566Total liabilities and capital
  • $1,807,968Total liabilities
  • $1,484,695Total deposits
  • $1,241,241Interest-bearing deposits
  • $1,484,695Deposits held in domestic offices
  • 75.96%% insured (estimated)
  • $85,491Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $220,000Other borrowed funds
  • $0Subordinated debt
  • $17,782All other liabilities
  • $229,598Total equity capital
  • $229,598Total bank equity capital
  • $229,348Perpetual preferred stock
  • $0Common stock
  • $11,139Surplus
  • $97,814Undivided profits
  • Memoranda
  • $120,395Noncurrent loans and leases
  • $391,710Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $250Income earned, not collected on loans
  • $26,783Earning assets
  • $0Long-term assets (5+ years)
  • $8,983Average Assets, year-to-date
  • $1,804,016Average Assets, quarterly
  • $448,513Volatile liabilities
  • $2,042,049Insider loans
  • $2,039,457FHLB advances
  • $381,475Loans and leases held for sale
  • $35,847Unused loan commitments
  • $220,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $54,280Total risk weighted assets
  • $391,710Total unused commitments
  • $0Restructured Loans and leases
  • $20,444Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $101,626Total interest income
  • $37,170Total interest expense
  • $64,456Net interest income
  • $15,743Provision for loan and lease losses
  • $27,767Total noninterest income
  • $3Fiduciary activities
  • $6,154Service charges on deposit accounts
  • $0Trading account gains & fees
  • $21,610Additional noninterest income
  • $67,360Total noninterest expense
  • $27,066Salaries and employee benefits
  • $7,558Premises and equipment expense
  • $32,736Additional noninterest expense
  • $9,120Pre-tax net operating income
  • $74Securities gains (losses)
  • $1,431Applicable income taxes
  • $7,763Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,750Net income attributable to bank
  • $13Net charge-offs
  • $7,763Cash dividends
  • $11,332Sale, conversion, retirement of capital stock, net
  • $5,600Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.62%Yield on earning assets
  • 2.06%Cost of funding earning assets
  • 3.57%Net interest margin
  • 1.54%Noninterest income to earning assets
  • 3.73%Noninterest expense to earning assets
  • 0.38%Net operating income to assets
  • 0.38%Return on assets (ROA)
  • 0.45%Pretax return on assets
  • 3.43%Return on equity (ROE)
  • 0.95%Retained earnings to average equity (YTD only)
  • 0.72%Net charge-offs to loans
  • 138.93%Credit loss provision to net charge-offs
  • 2.19%Efficiency ratio
  • 71,490Assets per employee
  • 5.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 72.26%Loss allowance to loans
  • 1.69%Loss allowance to noncurrent loans
  • 100.38%Noncurrent assets plus other real estate owned to assets
  • 2.21%Noncurrent loans to loans
  • 1.69%Net loans and leases to deposits
  • 105.04%Net loans and leases to core deposits
  • 131.19%Equity capital to assets
  • 11.26%Core capital (leverage) ratio
  • 8.57%Tier 1 risk-based capital ratio
  • 10.17%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $2,042,049Average earning assets
  • $226,124Average equity
  • $1,807,307Average loans

Total Fiduciary and Related Assets (December 31, 2009)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $9,330Managed Assets
  • 1Number of Accounts
  • $9,330Personal trust and agency accounts
  • $4,688Employee benefit-defined contribution accounts
  • $4,642Employee 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
  • 148Number 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

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