Union State Bank in Florence, Texas (TX)



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Union State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)89
Total assets$424,124
Cash and due from depository institutions$24,505
Interest-bearing balances$3,727
Securities$215,335
Federal funds sold & reverse repurchase agreements$13,200
Net loans & leases$151,897
Loan loss allowance $3,439
Trading account assets$0
Bank premises and fixed assets$7,652
Other real estate owned$137
Goodwill and other intangibles$0
All other assets$11,398
Life insurance assets$424,124
Total liabilities and capital$381,430
Total liabilities$368,122
Total deposits$291,063
Interest-bearing deposits$368,122
Deposits held in domestic offices$60
% insured (estimated)12037.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$100
Other borrowed funds $0
Subordinated debt $1,171
All other liabilities $42,694
Total equity capital$42,694
Total bank equity capital$42,694
Perpetual preferred stock$0
Common stock$300
Surplus$21,200
Undivided profits $21,194
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $83
Income earned, not collected on loans $2,008
Earning assets $0
Long-term assets (5+ years) $1,789
Average Assets, year-to-date $384,159
Average Assets, quarterly $154,651
Volatile liabilities $396,155
Insider loans $416,303
FHLB advances $214,945
Loans and leases held for sale $404,329
Unused loan commitments $7,036
Tier 1 (core) risk-based capital $7,036
Tier 2 risk-based capital $34,628
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $22,178
Derivatives$91
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $14,902
Total interest expense $2,455
Net interest income $12,447
Provision for loan and lease losses $575
Total noninterest income $1,915
Fiduciary activities $0
Service charges on deposit accounts $1,053
Trading account gains & fees $0
Additional noninterest income $862
Total noninterest expense $11,114
Salaries and employee benefits $6,273
Premises and equipment expense $1,415
Additional noninterest expense $3,426
Pre-tax net operating income $2,673
Securities gains (losses) $31
Applicable income taxes $0
Income before extraordinary items $2,704
Extraordinary gains - net $0
Net income attributable to bank $2,704
Net charge-offs $0
Cash dividends $2,704
Sale, conversion, retirement of capital stock, net $343
Net operating income $1,400
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.07%
Cost of funding earning assets 0.67%
Net interest margin 3.40%
Noninterest income to earning assets 0.52%
Noninterest expense to earning assets 3.03%
Net operating income to assets 0.67%
Return on assets (ROA) 0.68%
Pretax return on assets 0.68%
Return on equity (ROE) 7.04%
Retained earnings to average equity (YTD only) 3.40%
Net charge-offs to loans 0.22%
Credit loss provision to net charge-offs 167.64%
Efficiency ratio9.47%
Assets per employee$77,385
Cash dividends to net income (YTD only)4.77%
Condition Ratios (%)
Loss allowance to loans 51.78%
Loss allowance to noncurrent loans 2.21%
Noncurrent assets plus other real estate owned to assets 171.26%
Noncurrent loans to loans 0.51%
Net loans and leases to deposits1.29%
Net loans and leases to core deposits 41.26%
Equity capital to assets 47.49%
Core capital (leverage) ratio 10.07%
Tier 1 risk-based capital ratio 8.56%
Total risk-based capital ratio 16.11%
Memoranda
Average assets$17
Average earning assets$396,155
Average equity $38,383
Average loans $366,207
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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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