Union Savings Bank in Freeport, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Union Savings Bank - Overview

  • General
  • FDIC Certificate #: 29121
    Status: Active
    Federal Reserve ID: 817477
    Bank Holding Company (Regulatory Top Holder): Union Bancshares, Mhc (RSSDID: 2887296, Location: Freeport, IL)
    Date Established: January 01, 1883
    WWW: http://www.unionsavingsbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 2946
    FDIC's unique #: 41955
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: April 04, 1941
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 223 West Stephenson Street, Freeport, IL 61032
    County: Stephenson
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Princeton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Combined Statistical Area (CSA): Rockford-Freeport-Rochelle, IL (#466)
    Core Based Statistical Area (CBSA): Freeport, IL (#23300)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $170.5 mil
    Equity capital: $14.8 mil
    Deposits held in domestic offices: $145.7 mil
    Return on assets (ROA): 0.25% ($0.4 mil)
    Quarterly return on assets: 0.30% ($0.5 mil)
    Return on Equity (ROE): 3.00% ($0.5 mil)
    Quarterly return on equity: 3.47% ($0.5 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.34% ($579.8 mil)
    Quarterly Pretax return on assets: 0.39% ($665.0 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
  • 59Total employees (full-time equivalent)
  • $170,517Total assets
  • $9,980Cash and due from depository institutions
  • $8,793Interest-bearing balances
  • $46,818Securities
  • $3,050Federal funds sold & reverse repurchase agreements
  • $99,374Net loans & leases
  • $773Loan loss allowance
  • $0Trading account assets
  • $4,229Bank premises and fixed assets
  • $1,288Other real estate owned
  • $468Goodwill and other intangibles
  • $170,517Life insurance assets
  • $5,310All other assets
  • $155,717Total liabilities and capital
  • $145,656Total liabilities
  • $133,210Total deposits
  • $145,656Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $9,000Trading liabilities
  • $0Other borrowed funds
  • $1,061Subordinated debt
  • $14,800All other liabilities
  • $14,800Total equity capital
  • $14,800Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $900Surplus
  • $13,800Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,324Income earned, not collected on loans
  • $0Earning assets
  • $663Long-term assets (5+ years)
  • $158,035Average Assets, year-to-date
  • $59,985Average Assets, quarterly
  • $165,575Volatile liabilities
  • $168,836Insider loans
  • $106,960FHLB advances
  • $168,356Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,084Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,927Restructured Loans and leases
  • $202Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,018Total interest income
  • $1,877Total interest expense
  • $5,141Net interest income
  • $470Provision for loan and lease losses
  • $1,544Total noninterest income
  • $284Fiduciary activities
  • $497Service charges on deposit accounts
  • $0Trading account gains & fees
  • $763Additional noninterest income
  • $5,747Total noninterest expense
  • $3,169Salaries and employee benefits
  • $1,054Premises and equipment expense
  • $1,524Additional noninterest expense
  • $468Pre-tax net operating income
  • $102Securities gains (losses)
  • $149Applicable income taxes
  • $421Income before extraordinary items
  • $0Extraordinary gains - net
  • $421Net income attributable to bank
  • $0Net charge-offs
  • $421Cash dividends
  • $269Sale, conversion, retirement of capital stock, net
  • $4Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.61%Yield on earning assets
  • 1.23%Cost of funding earning assets
  • 3.38%Net interest margin
  • 1.01%Noninterest income to earning assets
  • 3.77%Noninterest expense to earning assets
  • 0.21%Net operating income to assets
  • 0.25%Return on assets (ROA)
  • 0.34%Pretax return on assets
  • 3.00%Return on equity (ROE)
  • 2.97%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 174.72%Credit loss provision to net charge-offs
  • 3.49%Efficiency ratio
  • 84,577Assets per employee
  • 2.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.95%Loss allowance to loans
  • 0.77%Loss allowance to noncurrent loans
  • 23.26%Noncurrent assets plus other real estate owned to assets
  • 2.70%Noncurrent loans to loans
  • 3.32%Net loans and leases to deposits
  • 68.23%Net loans and leases to core deposits
  • 69.21%Equity capital to assets
  • 8.68%Core capital (leverage) ratio
  • 8.37%Tier 1 risk-based capital ratio
  • 13.17%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $165,575Average earning assets
  • $14,047Average equity
  • $152,250Average 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
  • $42,399Managed Assets
  • 1Number of Accounts
  • $35,781Personal trust and agency accounts
  • $9,567Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $6,790Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $18,102Other fiduciary accounts
  • $1,322Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 153Number of Accounts
  • $0Personal trust and agency accounts
  • $6,790Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $6,618Other retirement accounts
  • $1,359Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $5,259Fiduciary accounts held in foreign offices

List of branches

  • 5 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041955Union Savings Bank223 West Stephenson Street, Freeport, IL 61032January 01, 1883Full Service Brick and Mortar
    100273035203 N Alpine Road Branch203 North Alpine Road, Rockford, IL 61107January 01, 1883Full Service Brick and Mortar
    101273036715 W South St Branch715 West South Street, Freeport, IL 61032June 30, 1988Full Service Brick and Mortar
    1022667711320 North State Street Branch1320 North State Street, Belvidere, IL 61008June 30, 1987Full Service Brick and Mortar
    1047229Mount Morris Branch2 West Main Street, Mount Morris, IL 61054January 01, 1877Full Service Brick and Mortar

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