Union State Bank in Florence, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Union State Bank in Florence, Texas (TX)
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Union State Bank - Overview

  • General
  • FDIC Certificate #: 11886
    Status: Active
    Federal Reserve ID: 452850
    Bank Holding Company (Regulatory Top Holder): Union State Bancshares, Inc. (RSSDID: 2190110, Location: Florence, TX)
    Date Established: Febuary 28, 1928
    WWW: http://www.usbanktexas.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 12857
    FDIC's unique #: 7591
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    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: 100 East Main, Florence, TX 76527
    County: Williamson
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Austin
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Austin-San Marcos, TX (#640)
    Combined Statistical Area (CSA): Austin-Round Rock-Marble Falls, TX (#126)
    Core Based Statistical Area (CBSA): Austin-Round Rock-San Marcos, TX (#12420)
    CBSA Metro Statistical Area: Austin-Round Rock-San Marcos, TX (#12420)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $424.1 mil
    Equity capital: $42.7 mil
    Deposits held in domestic offices: $368.1 mil
    Return on assets (ROA): 0.68% ($2.9 mil)
    Quarterly return on assets: 0.83% ($3.5 mil)
    Return on Equity (ROE): 7.04% ($3.0 mil)
    Quarterly return on equity: 8.10% ($3.5 mil)
    Net income: $2.7 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 0.68% ($2,884.0 mil)
    Quarterly Pretax return on assets: 0.83% ($3,520.2 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
  • 89Total employees (full-time equivalent)
  • $424,124Total assets
  • $24,505Cash and due from depository institutions
  • $3,727Interest-bearing balances
  • $215,335Securities
  • $13,200Federal funds sold & reverse repurchase agreements
  • $151,897Net loans & leases
  • $3,439Loan loss allowance
  • $0Trading account assets
  • $7,652Bank premises and fixed assets
  • $137Other real estate owned
  • $0Goodwill and other intangibles
  • $424,124Life insurance assets
  • $11,398All other assets
  • $381,430Total liabilities and capital
  • $368,122Total liabilities
  • $291,063Total deposits
  • $368,122Interest-bearing deposits
  • $60Deposits held in domestic offices
  • 12037.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $100Trading liabilities
  • $0Other borrowed funds
  • $1,171Subordinated debt
  • $42,694All other liabilities
  • $42,694Total equity capital
  • $42,694Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $21,200Surplus
  • $21,194Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $83Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,008Income earned, not collected on loans
  • $0Earning assets
  • $1,789Long-term assets (5+ years)
  • $384,159Average Assets, year-to-date
  • $154,651Average Assets, quarterly
  • $396,155Volatile liabilities
  • $416,303Insider loans
  • $214,945FHLB advances
  • $404,329Loans and leases held for sale
  • $7,036Unused loan commitments
  • $7,036Tier 1 (core) risk-based capital
  • $34,628Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $22,178Restructured Loans and leases
  • $91Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,902Total interest income
  • $2,455Total interest expense
  • $12,447Net interest income
  • $575Provision for loan and lease losses
  • $1,915Total noninterest income
  • $0Fiduciary activities
  • $1,053Service charges on deposit accounts
  • $0Trading account gains & fees
  • $862Additional noninterest income
  • $11,114Total noninterest expense
  • $6,273Salaries and employee benefits
  • $1,415Premises and equipment expense
  • $3,426Additional noninterest expense
  • $2,673Pre-tax net operating income
  • $31Securities gains (losses)
  • $0Applicable income taxes
  • $2,704Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,704Net income attributable to bank
  • $0Net charge-offs
  • $2,704Cash dividends
  • $343Sale, conversion, retirement of capital stock, net
  • $1,400Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.07%Yield on earning assets
  • 0.67%Cost of funding earning assets
  • 3.40%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 3.03%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 0.68%Return on assets (ROA)
  • 0.68%Pretax return on assets
  • 7.04%Return on equity (ROE)
  • 3.40%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 167.64%Credit loss provision to net charge-offs
  • 9.47%Efficiency ratio
  • 77,385Assets per employee
  • 4.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 51.78%Loss allowance to loans
  • 2.21%Loss allowance to noncurrent loans
  • 171.26%Noncurrent assets plus other real estate owned to assets
  • 0.51%Noncurrent loans to loans
  • 1.29%Net loans and leases to deposits
  • 41.26%Net loans and leases to core deposits
  • 47.49%Equity capital to assets
  • 10.07%Core capital (leverage) ratio
  • 8.56%Tier 1 risk-based capital ratio
  • 16.11%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $396,155Average earning assets
  • $38,383Average equity
  • $366,207Average loans

List of branches

  • 8 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07591Union State Bank100 East Main, Florence, TX 76527Febuary 28, 1928Full Service Brick and Mortar
    1225977Killeen Branch120 North Gray Street, Killeen, TX 76541April 09, 1990Full Service Brick and Mortar
    2225978Georgetown Branch1100 Williams Drive, Georgetown, TX 78628November 01, 1993Full Service Brick and Mortar
    3225979Liberty Hill Branch13601 W. Hwy. 29, Liberty Hill, TX 78642July 23, 1997Full Service Brick and Mortar
    4225980Round Rock Branch902 Palm Valley Dr., Round Rock, TX 78664September 08, 1997Full Service Brick and Mortar
    6444038Messenger Service100 E. Main, Florence, TX 76527August 29, 2005Limited Service Messenger
    7465220Harker Heights Branch345 E. Fm 2410, Harker Heights, TX 76548October 16, 2006Full Service Brick and Mortar
    8513459Usb - Temple3957 Raleigh Dr, Temple, TX 76502October 15, 2010Full Service Brick and Mortar

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