Union Bank of Florida in Lauderhill, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 10, 2005

  • Union Bank of Florida in Lauderhill, Florida (FL)
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Union Bank of Florida - Overview

  • General
  • FDIC Certificate #: 32518
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: Colonial Bank (#9609)
    Federal Reserve ID: 672836
    Date Established: May 14, 1971
    WWW: http://www.unionbk.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 18 (Interstate: No)
    OTS Docket #: 8374
    FDIC's unique #: 45352
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 30, 1987
    Last Structure Change Effective Date: Febuary 10, 2005
    Last Structure Change Process Date: May 10, 2005
    Last Data Update: May 10, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 1205 N.W. 40th Avenue, Lauderhill, FL 33313
    County: Broward
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Fort Lauderdale, FL (#2680)
    Consolidated Metropolitan Statistical Area (CMSA): Miami-Fort Lauderdale, FL (#56)
    Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    Core Based Statistical Division: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (#22744)
  • Financial Summary
  • Total assets: $1,010.9 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, 2004)

  • Dollar figures in thousands
  • 182Total employees (full-time equivalent)
  • $1,010,886Total assets
  • $27,946Cash and due from depository institutions
  • $340Interest-bearing balances
  • $315,886Securities
  • $544Federal funds sold & reverse repurchase agreements
  • $625,003Net loans & leases
  • $6,345Loan loss allowance
  • $0Trading account assets
  • $12,107Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $29,400All other assets
  • $1,010,886Total liabilities and capital
  • $925,792Total liabilities
  • $683,282Total deposits
  • $467,595Interest-bearing deposits
  • $683,282Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $128,829Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $110,000Other borrowed funds
  • $0Subordinated debt
  • $3,681All other liabilities
  • $85,094Total equity capital
  • $85,094Total bank equity capital
  • $85,094Perpetual preferred stock
  • $0Common stock
  • $2Surplus
  • $59,707Undivided profits
  • Memoranda
  • $25,385Noncurrent loans and leases
  • $195,086Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,099Earning assets
  • $0Long-term assets (5+ years)
  • $4,501Average Assets, year-to-date
  • $941,773Average Assets, quarterly
  • $159,585Volatile liabilities
  • $997,543Insider loans
  • $1,026,525FHLB advances
  • $372,572Loans and leases held for sale
  • $17,917Unused loan commitments
  • $110,000Tier 1 (core) risk-based capital
  • $25,000Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $195,086Total unused commitments
  • $0Restructured Loans and leases
  • $6,345Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $45,224Total interest income
  • $9,520Total interest expense
  • $35,704Net interest income
  • $772Provision for loan and lease losses
  • $6,078Total noninterest income
  • $0Fiduciary activities
  • $4,182Service charges on deposit accounts
  • $151Trading account gains & fees
  • $1,745Additional noninterest income
  • $25,944Total noninterest expense
  • $12,740Salaries and employee benefits
  • $4,752Premises and equipment expense
  • $8,452Additional noninterest expense
  • $15,066Pre-tax net operating income
  • $1,461Securities gains (losses)
  • $0Applicable income taxes
  • $16,527Income before extraordinary items
  • $0Extraordinary gains - net
  • $16,527Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $56Sale, conversion, retirement of capital stock, net
  • $7,245Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.93%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 3.90%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 2.83%Noninterest expense to earning assets
  • 1.51%Net operating income to assets
  • 1.66%Return on assets (ROA)
  • 1.66%Pretax return on assets
  • 21.77%Return on equity (ROE)
  • 12.23%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 1378.57%Credit loss provision to net charge-offs
  • 282.82%Efficiency ratio
  • 62,094Assets per employee
  • 5.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.84%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 204.74%Noncurrent assets plus other real estate owned to assets
  • 0.31%Noncurrent loans to loans
  • 0.49%Net loans and leases to deposits
  • 91.47%Net loans and leases to core deposits
  • 117.81%Equity capital to assets
  • 8.42%Core capital (leverage) ratio
  • 8.45%Tier 1 risk-based capital ratio
  • 10.86%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $997,543Average earning assets
  • $75,909Average equity
  • $916,595Average loans

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