Union State Bank in Pell City, Alabama (AL), FL
Overview, Financial Summary, Detailed Financial Reports, Branches


Union State Bank - Overview

  • General
  • FDIC Certificate #: 5602
    Status: Active
    Federal Reserve ID: 467733
    Bank Holding Company (Regulatory Top Holder): Union Bancshares, Inc. (RSSDID: 1085358, Location: Pell City, AL)
    Date Established: January 01, 1903
    WWW: http://www.unionstate.net
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 15 (Domestic: 15, Interstate: Yes)
    FDIC's unique #: 3815
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1st Avenue And 20th Street North, Pell City, AL 35125
    County: St. Clair
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Birmingham, AL (#1000)
    Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142)
    Core Based Statistical Area (CBSA): Birmingham-Hoover, AL (#13820)
    CBSA Metro Statistical Area: Birmingham-Hoover, AL (#13820)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $274.5 mil
    Equity capital: $23.0 mil
    Deposits held in domestic offices: $250.5 mil
    Return on assets (ROA): -0.27% (-$0.7 mil)
    Quarterly return on assets: 1.23% ($3.4 mil)
    Return on Equity (ROE): -3.22% (-$0.7 mil)
    Quarterly return on equity: 15.01% ($3.5 mil)
    Net income: -$0.7 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: -0.27% (-$741.3 mil)
    Quarterly Pretax return on assets: 1.23% ($3,376.9 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
  • 114Total employees (full-time equivalent)
  • $274,545Total assets
  • $10,923Cash and due from depository institutions
  • $7,393Interest-bearing balances
  • $78,499Securities
  • $47,355Federal funds sold & reverse repurchase agreements
  • $111,696Net loans & leases
  • $5,822Loan loss allowance
  • $0Trading account assets
  • $4,277Bank premises and fixed assets
  • $6,685Other real estate owned
  • $825Goodwill and other intangibles
  • $274,545Life insurance assets
  • $14,285All other assets
  • $251,578Total liabilities and capital
  • $250,469Total liabilities
  • $206,815Total deposits
  • $250,469Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,109Subordinated debt
  • $22,967All other liabilities
  • $22,967Total equity capital
  • $22,967Total bank equity capital
  • $0Perpetual preferred stock
  • $41Common stock
  • $6,013Surplus
  • $16,913Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $18,701Income earned, not collected on loans
  • $0Earning assets
  • $892Long-term assets (5+ years)
  • $244,943Average Assets, year-to-date
  • $88,104Average Assets, quarterly
  • $279,962Volatile liabilities
  • $275,715Insider loans
  • $161,431FHLB advances
  • $270,800Loans and leases held for sale
  • $9,357Unused loan commitments
  • $7,521Tier 1 (core) risk-based capital
  • $21,767Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,836Total unused commitments
  • $19,849Restructured Loans and leases
  • $7,140Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,387Total interest income
  • $2,392Total interest expense
  • $6,995Net interest income
  • $2,600Provision for loan and lease losses
  • $3,882Total noninterest income
  • $0Fiduciary activities
  • $2,427Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,455Additional noninterest income
  • $10,016Total noninterest expense
  • $4,725Salaries and employee benefits
  • $1,762Premises and equipment expense
  • $3,529Additional noninterest expense
  • -$1,739Pre-tax net operating income
  • $991Securities gains (losses)
  • $0Applicable income taxes
  • -$748Income before extraordinary items
  • $0Extraordinary gains - net
  • -$748Net income attributable to bank
  • $0Net charge-offs
  • -$748Cash dividends
  • $1,736Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.75%Yield on earning assets
  • 0.95%Cost of funding earning assets
  • 2.79%Net interest margin
  • 1.55%Noninterest income to earning assets
  • 4.00%Noninterest expense to earning assets
  • -0.62%Net operating income to assets
  • -0.27%Return on assets (ROA)
  • -0.27%Pretax return on assets
  • -3.22%Return on equity (ROE)
  • -3.22%Retained earnings to average equity (YTD only)
  • 1.38%Net charge-offs to loans
  • 149.77%Credit loss provision to net charge-offs
  • 0.50%Efficiency ratio
  • 92,084Assets per employee
  • 2.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.95%Loss allowance to noncurrent loans
  • 31.13%Noncurrent assets plus other real estate owned to assets
  • 9.25%Noncurrent loans to loans
  • 15.91%Net loans and leases to deposits
  • 44.59%Net loans and leases to core deposits
  • 46.23%Equity capital to assets
  • 8.37%Core capital (leverage) ratio
  • 8.04%Tier 1 risk-based capital ratio
  • 13.48%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $279,962Average earning assets
  • $23,225Average equity
  • $250,531Average loans

List of branches

  • 13 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03815Union State Bank1st Avenue And 20th Street North, Pell City, AL 35125January 01, 1903Full Service Brick and Mortar
    1207873Plaza BranchHighway 231 North, Pell City, AL 35125March 10, 1975Full Service Brick and Mortar
    2207874Cropwell Branch2 19th St S, Pell City, AL 35125September 05, 1980Full Service Brick and Mortar
    316812Cedar Bluff Main BranchHighway 68 And Pine Street, Cedar Bluff, AL 35959November 04, 1982Full Service Brick and Mortar
    4207875Northwood Drive BranchHighway 68 And Northwood Drive, Centre, AL 35960September 23, 1985Full Service Brick and Mortar
    5207876Drive-In Teller FacilityFirst Avenue And 20th Street North, Pell City, AL 35125Febuary 14, 1987Limited Service Facility
    638994Hoover Branch3449 Lorna Road, Hoover, AL 35216December 28, 1987Full Service Brick and Mortar
    75788Ashville Branch32 Court Street East, Ashville, AL 35953December 20, 1920Full Service Brick and Mortar
    10207879Pleasant Grove Branch829 Park Road, Pleasant Grove, AL 35127November 18, 1992Full Service Brick and Mortar
    12207881Pelham Branch2267 Pelham Parkway, Pelham, AL 35124January 29, 1996Full Service Brick and Mortar
    13365192Trussville Branch305 Main Street, Trussville, AL 35173June 30, 2002Full Service Brick and Mortar
    14419634Lakeshore Branch2200 Lakeshore Drive Suite 100, Homewood, AL 35209June 30, 2003Full Service Brick and Mortar
    22471134Market Square Shopping Center Branch3179 Green Valley Road, Vestavia Hills, AL 35242Febuary 01, 2008Full Service Brick and Mortar
  • 2 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    19432013Destin978 Airport Road, Destin, FL 32541August 13, 2004Full Service Brick and Mortar
    21458326Naples Branch5484 Rattlesnake Hammock Road, Naples, FL 34113January 26, 2007Full Service Brick and Mortar

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