Union Savings Bank in Freeport, Illinois (IL)



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Union Savings Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)59
Total assets$170,517
Cash and due from depository institutions$9,980
Interest-bearing balances$8,793
Securities$46,818
Federal funds sold & reverse repurchase agreements$3,050
Net loans & leases$99,374
Loan loss allowance $773
Trading account assets$0
Bank premises and fixed assets$4,229
Other real estate owned$1,288
Goodwill and other intangibles$468
All other assets$5,310
Life insurance assets$170,517
Total liabilities and capital$155,717
Total liabilities$145,656
Total deposits$133,210
Interest-bearing deposits$145,656
Deposits held in domestic offices$98
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$9,000
Other borrowed funds $0
Subordinated debt $1,061
All other liabilities $14,800
Total equity capital$14,800
Total bank equity capital$14,800
Perpetual preferred stock$0
Common stock$100
Surplus$900
Undivided profits $13,800
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,324
Earning assets $0
Long-term assets (5+ years) $663
Average Assets, year-to-date $158,035
Average Assets, quarterly $59,985
Volatile liabilities $165,575
Insider loans $168,836
FHLB advances $106,960
Loans and leases held for sale $168,356
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $14,084
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $10,927
Derivatives$202
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,018
Total interest expense $1,877
Net interest income $5,141
Provision for loan and lease losses $470
Total noninterest income $1,544
Fiduciary activities $284
Service charges on deposit accounts $497
Trading account gains & fees $0
Additional noninterest income $763
Total noninterest expense $5,747
Salaries and employee benefits $3,169
Premises and equipment expense $1,054
Additional noninterest expense $1,524
Pre-tax net operating income $468
Securities gains (losses) $102
Applicable income taxes $149
Income before extraordinary items $421
Extraordinary gains - net $0
Net income attributable to bank $421
Net charge-offs $0
Cash dividends $421
Sale, conversion, retirement of capital stock, net $269
Net operating income $4
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.61%
Cost of funding earning assets 1.23%
Net interest margin 3.38%
Noninterest income to earning assets 1.01%
Noninterest expense to earning assets 3.77%
Net operating income to assets 0.21%
Return on assets (ROA) 0.25%
Pretax return on assets 0.34%
Return on equity (ROE) 3.00%
Retained earnings to average equity (YTD only) 2.97%
Net charge-offs to loans 0.27%
Credit loss provision to net charge-offs 174.72%
Efficiency ratio3.49%
Assets per employee$84,577
Cash dividends to net income (YTD only)2.89%
Condition Ratios (%)
Loss allowance to loans 0.95%
Loss allowance to noncurrent loans 0.77%
Noncurrent assets plus other real estate owned to assets 23.26%
Noncurrent loans to loans 2.70%
Net loans and leases to deposits3.32%
Net loans and leases to core deposits 68.23%
Equity capital to assets 69.21%
Core capital (leverage) ratio 8.68%
Tier 1 risk-based capital ratio 8.37%
Total risk-based capital ratio 13.17%
Memoranda
Average assets$14
Average earning assets$165,575
Average equity $14,047
Average loans $152,250
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Total Fiduciary and Related Assets (December 31, 2011)
(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$42,399
Number of Accounts1
Personal trust and agency accounts$35,781
Employee benefit-defined contribution accounts$9,567
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$6,790
Investment management agency accounts$0
Other fiduciary accounts$18,102
Fiduciary accounts held in foreign offices$1,322
Non-managed Assets$0
Number of Accounts153
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$6,790
Employee benefit-defined benefit accounts$0
Other retirement accounts$6,618
Corporate trust and agency accounts$1,359
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$5,259
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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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