Union Federal Savings Bank in Evansville, Indiana (IN)



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Union Federal Savings Bank
GeneralFDIC Certificate #: 27741
Status: Inactive
Closing history: Corrections
Acquiring institution: The Citizens National Bank of Evansville (#4391)
Federal Reserve ID: 780179
Date Established: January 01, 1912
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 206
FDIC's unique #: 40575
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: September 21, 1936
Last Structure Change Effective Date: August 05, 1995
Last Structure Change Process Date: September 21, 1995
Last Data Update: September 21, 1995
Data Source Date: April 05, 2012
LocationAddress: 501 Main Street, Evansville, IN 47708
County: Vanderburgh
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Indianapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Evansville-Henderson, IN-KY (#2440)
Core Based Statistical Area (CBSA): Evansville, IN-KY (#21780)
CBSA Metro Statistical Area: Evansville, IN-KY (#21780)
History of ChangesMerger - Without Assistance
Office Sold
Corrections
Financial SummaryTotal assets: $561.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$180
Cash and due from depository institutions$546,867
Interest-bearing balances$16,379
Securities$2,171
Federal funds sold & reverse repurchase agreements$287,253
Net loans & leases$13,500
Loan loss allowance $202,228
Trading account assets$3,012
Bank premises and fixed assets$0
Other real estate owned$8,918
Goodwill and other intangibles$1,344
All other assets$89
Life insurance assets$17,156
Total liabilities and capital$0
Total liabilities$546,867
Total deposits$513,939
Interest-bearing deposits$355,861
Deposits held in domestic offices$344,690
% insured (estimated)355861.00%
Federal funds purchased & repurchase agreements $99
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $151,933
All other liabilities $0
Total equity capital$6,145
Total bank equity capital$6,145
Perpetual preferred stock$32,928
Common stock$0
Surplus$19
Undivided profits $16,823
Memoranda
Noncurrent loans and leases $16,086
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,102
Earning assets $1,039
Long-term assets (5+ years) $505,152
Average Assets, year-to-date $0
Average Assets, quarterly $507,391
Volatile liabilities $538,737
Insider loans $167,861
FHLB advances $135
Loans and leases held for sale $151,933
Unused loan commitments $0
Tier 1 (core) risk-based capital $47,320
Tier 2 risk-based capital $0
Total risk weighted assets $36,437
Total unused commitments $207,129
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1994)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $31,796
Net interest income $19,437
Provision for loan and lease losses $12,359
Total noninterest income $3,116
Fiduciary activities $6,142
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $0
Total noninterest expense $6,142
Salaries and employee benefits $15,822
Premises and equipment expense $5,919
Additional noninterest expense $2,126
Pre-tax net operating income $7,777
Securities gains (losses) -$437
Applicable income taxes -$545
Income before extraordinary items -$578
Extraordinary gains - net -$404
Net income attributable to bank -$2,775
Net charge-offs -$3,179
Cash dividends $529
Sale, conversion, retirement of capital stock, net $4,261
Net operating income $5,535
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Performance and Condition Ratios (December 31, 1994)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 6.77%
Net interest margin 4.14%
Noninterest income to earning assets 2.63%
Noninterest expense to earning assets 1.31%
Net operating income to assets 3.37%
Return on assets (ROA) -0.01%
Pretax return on assets -0.63%
Return on equity (ROE) -0.74%
Retained earnings to average equity (YTD only) -8.59%
Net charge-offs to loans -20.11%
Credit loss provision to net charge-offs 0.27%
Efficiency ratio589.04%
Assets per employee$85,520
Cash dividends to net income (YTD only)3.04%
Condition Ratios (%)
Loss allowance to loans -134.04%
Loss allowance to noncurrent loans 1.47%
Noncurrent assets plus other real estate owned to assets 273.32%
Noncurrent loans to loans 0.36%
Net loans and leases to deposits0.54%
Net loans and leases to core deposits 56.83%
Equity capital to assets 59.49%
Core capital (leverage) ratio 6.02%
Tier 1 risk-based capital ratio 6.63%
Total risk-based capital ratio 17.59%
Memoranda
Average assets$19
Average earning assets$507,391
Average equity $36,995
Average loans $469,550
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