Union Trust Company in Ellsworth, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 03, 2008

  • Union Trust Company in Ellsworth, Maine (ME)
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Union Trust Company - Overview

  • General
  • FDIC Certificate #: 9
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Camden National Bank (#4255)
    Federal Reserve ID: 563907
    Date Established: January 01, 1907
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 13 (Interstate: No)
    OTS Docket #: 9781
    FDIC's unique #: 4
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 03, 2008
    Last Structure Change Process Date: Febuary 27, 2008
    Last Data Update: Febuary 27, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 66 Main Street, Ellsworth, ME 4605
    County: Hancock
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Concord
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
  • Financial Summary
  • Total assets: $539.2 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, 2007)

  • Dollar figures in thousands
  • 142Total employees (full-time equivalent)
  • $539,169Total assets
  • $15,627Cash and due from depository institutions
  • $398Interest-bearing balances
  • $122,128Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $369,248Net loans & leases
  • $4,130Loan loss allowance
  • $0Trading account assets
  • $8,232Bank premises and fixed assets
  • $120Other real estate owned
  • $503Goodwill and other intangibles
  • $9,478Life insurance assets
  • $23,311All other assets
  • $539,169Total liabilities and capital
  • $508,057Total liabilities
  • $342,440Total deposits
  • $285,415Interest-bearing deposits
  • $342,440Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $156,350Other borrowed funds
  • $0Subordinated debt
  • $9,267All other liabilities
  • $31,112Total equity capital
  • $31,112Total bank equity capital
  • $31,112Perpetual preferred stock
  • $0Common stock
  • $4,249Surplus
  • $4,882Undivided profits
  • Memoranda
  • $21,981Noncurrent loans and leases
  • $67,019Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,383Earning assets
  • $0Long-term assets (5+ years)
  • $1,352Average Assets, year-to-date
  • $491,774Average Assets, quarterly
  • $223,182Volatile liabilities
  • $542,957Insider loans
  • $539,324FHLB advances
  • $161,130Loans and leases held for sale
  • $3,786Unused loan commitments
  • $137,404Tier 1 (core) risk-based capital
  • $20,000Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $67,019Total unused commitments
  • $420Restructured Loans and leases
  • $4,111Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $31,838Total interest income
  • $16,276Total interest expense
  • $15,562Net interest income
  • $520Provision for loan and lease losses
  • $5,762Total noninterest income
  • $1,939Fiduciary activities
  • $1,612Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,211Additional noninterest income
  • $18,275Total noninterest expense
  • $11,319Salaries and employee benefits
  • $2,831Premises and equipment expense
  • $4,125Additional noninterest expense
  • $2,529Pre-tax net operating income
  • $38Securities gains (losses)
  • $418Applicable income taxes
  • $2,149Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,149Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $402Sale, conversion, retirement of capital stock, net
  • $9,182Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.39%Yield on earning assets
  • 3.26%Cost of funding earning assets
  • 3.12%Net interest margin
  • 1.16%Noninterest income to earning assets
  • 3.67%Noninterest expense to earning assets
  • 0.39%Net operating income to assets
  • 0.40%Return on assets (ROA)
  • 0.47%Pretax return on assets
  • 5.72%Return on equity (ROE)
  • -18.71%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 129.35%Credit loss provision to net charge-offs
  • 7.58%Efficiency ratio
  • 85,702Assets per employee
  • 3.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 427.27%Loss allowance to loans
  • 1.11%Loss allowance to noncurrent loans
  • 122.08%Noncurrent assets plus other real estate owned to assets
  • 0.63%Noncurrent loans to loans
  • 0.91%Net loans and leases to deposits
  • 107.83%Net loans and leases to core deposits
  • 118.68%Equity capital to assets
  • 5.77%Core capital (leverage) ratio
  • 5.83%Tier 1 risk-based capital ratio
  • 9.48%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $542,957Average earning assets
  • $37,599Average equity
  • $498,546Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $195,010Managed Assets
  • 1Number of Accounts
  • $195,010Personal trust and agency accounts
  • $54,974Employee benefit-defined contribution accounts
  • $5,416Employee benefit-defined benefit accounts
  • $5,937Other retirement accounts
  • $25,024Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $103,659Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 599Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

Bank Assets Sold and Securitized (December 31, 2002)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $100,8271-4 family residential loans
  • $0Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

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