Union Savings and Loan Association in Connersville, Indiana (IN)



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Union Savings and Loan Association
GeneralFDIC Certificate #: 29933
Status: Active
Federal Reserve ID: 677970
Date Established: August 01, 1937
WWW: http://www.unionsla.com
Trust Powers Granted: Yes
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 4369
FDIC's unique #: 42767
Numeric code: 38
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: December 04, 1937
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 730 Central Avenue, Connersville, IN 47331
County: Fayette
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
Core Based Statistical Area (CBSA): Connersville, IN (#18220)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $128.3 mil
Equity capital: $11.6 mil
Deposits held in domestic offices: $112.0 mil
Return on assets (ROA): 0.16% ($0.2 mil)
Quarterly return on assets: 0.17% ($0.2 mil)
Return on Equity (ROE): 1.73% ($0.2 mil)
Quarterly return on equity: 1.86% ($0.2 mil)
Net income: $0.2 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.26% ($333.6 mil)
Quarterly Pretax return on assets: 0.27% ($346.4 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)40
Total assets$128,311
Cash and due from depository institutions$21,509
Interest-bearing balances$20,479
Securities$792
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$99,977
Loan loss allowance $1,400
Trading account assets$0
Bank premises and fixed assets$2,319
Other real estate owned$1,024
Goodwill and other intangibles$91
All other assets$2,599
Life insurance assets$128,311
Total liabilities and capital$116,667
Total liabilities$111,980
Total deposits$101,344
Interest-bearing deposits$111,980
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,334
Other borrowed funds $0
Subordinated debt $353
All other liabilities $11,644
Total equity capital$11,644
Total bank equity capital$11,644
Perpetual preferred stock$0
Common stock$0
Surplus$0
Undivided profits $11,644
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 $2,916
Earning assets $0
Long-term assets (5+ years) $382
Average Assets, year-to-date $121,248
Average Assets, quarterly $0
Volatile liabilities $127,806
Insider loans $128,553
FHLB advances $77,911
Loans and leases held for sale $128,217
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $11,550
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $9,654
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,794
Total interest expense $1,622
Net interest income $4,172
Provision for loan and lease losses $720
Total noninterest income $975
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $975
Total noninterest expense $4,131
Salaries and employee benefits $2,510
Premises and equipment expense $1,085
Additional noninterest expense $536
Pre-tax net operating income $296
Securities gains (losses) $32
Applicable income taxes $128
Income before extraordinary items $200
Extraordinary gains - net $0
Net income attributable to bank $200
Net charge-offs $0
Cash dividends $200
Sale, conversion, retirement of capital stock, net $571
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.82%
Cost of funding earning assets 1.35%
Net interest margin 3.47%
Noninterest income to earning assets 0.81%
Noninterest expense to earning assets 3.44%
Net operating income to assets 0.14%
Return on assets (ROA) 0.16%
Pretax return on assets 0.26%
Return on equity (ROE) 1.73%
Retained earnings to average equity (YTD only) 1.73%
Net charge-offs to loans 0.55%
Credit loss provision to net charge-offs 126.09%
Efficiency ratio1.78%
Assets per employee$80,260
Cash dividends to net income (YTD only)3.21%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.38%
Noncurrent assets plus other real estate owned to assets 48.01%
Noncurrent loans to loans 3.07%
Net loans and leases to deposits2.88%
Net loans and leases to core deposits 89.28%
Equity capital to assets 89.28%
Core capital (leverage) ratio 9.07%
Tier 1 risk-based capital ratio 9.01%
Total risk-based capital ratio 14.82%
Memoranda
Average assets$16
Average earning assets$127,806
Average equity $11,542
Average loans $120,244
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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$27,509
Number of Accounts1
Personal trust and agency accounts$18,820
Employee benefit-defined contribution accounts$17,154
Employee benefit-defined benefit accounts$0
Other retirement accounts$1,666
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts82
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$8,689
Corporate trust and agency accounts$8,457
Other fiduciary accounts$232
Fiduciary accounts held in foreign offices$0
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3 Indiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
042767Union Savings And Loan Association730 Central Avenue, Connersville, IN 47331August 01, 1937Full Service Brick and Mortar
1277790Greenfield Branch1986 West Main Street, Greenfield, IN 46140April 01, 1997Full Service Brick and Mortar
2359118Connersville Branch500 West 30th Street, Connersville, IN 47331June 01, 2000Full Service Brick and Mortar
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