United Bank in West Springfield, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • United Bank in West Springfield, Massachusetts (MA)
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United Bank - Overview

  • General
  • FDIC Certificate #: 26486
    Status: Active
    Federal Reserve ID: 150576
    Date Established: January 01, 1882
    WWW: http://www.bankatunited.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 25 (Domestic: 25, Interstate: No)
    OTS Docket #: 17967
    FDIC's unique #: 33153
    Numeric code: 33
    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: Commercial Lending Specialization
    Date of Deposit Insurance: January 10, 1986
    Last Structure Change Effective Date: January 05, 2012
    Last Structure Change Process Date: January 20, 2012
    Last Data Update: January 20, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 95 Elm Street, West Springfield, MA 1089
    County: Hampden
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Springfield Ma
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Springfield, MA (#8000)
    Core Based Statistical Area (CBSA): Springfield, MA (#44140)
    CBSA Metro Statistical Area: Springfield, MA (#44140)
  • Financial Summary
  • Total assets: $1,617.9 mil
    Equity capital: $210.8 mil
    Deposits held in domestic offices: $1,235.2 mil
    Return on assets (ROA): 0.75% ($12.1 mil)
    Quarterly return on assets: 0.79% ($12.8 mil)
    Return on Equity (ROE): 5.90% ($12.4 mil)
    Quarterly return on equity: 6.11% ($12.9 mil)
    Net income: $11.9 mil
    Quarterly Net income: $3.2 mil
    Pretax return on assets: 1.01% ($16,340.4 mil)
    Quarterly Pretax return on assets: 1.09% ($17,634.7 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
  • 286Total employees (full-time equivalent)
  • $1,617,862Total assets
  • $61,513Cash and due from depository institutions
  • $41,401Interest-bearing balances
  • $337,710Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,112,994Net loans & leases
  • $11,132Loan loss allowance
  • $0Trading account assets
  • $16,438Bank premises and fixed assets
  • $2,054Other real estate owned
  • $8,946Goodwill and other intangibles
  • $1,617,862Life insurance assets
  • $78,207All other assets
  • $1,407,085Total liabilities and capital
  • $1,235,151Total liabilities
  • $1,028,213Total deposits
  • $1,235,151Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 37260.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $122,802Trading liabilities
  • $0Other borrowed funds
  • $11,872Subordinated debt
  • $210,777All other liabilities
  • $210,777Total equity capital
  • $210,777Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $116,850Surplus
  • $93,927Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $53Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,825Income earned, not collected on loans
  • $0Earning assets
  • $4,845Long-term assets (5+ years)
  • $1,492,105Average Assets, year-to-date
  • $785,476Average Assets, quarterly
  • $1,600,653Volatile liabilities
  • $1,609,762Insider loans
  • $1,208,848FHLB advances
  • $1,597,352Loans and leases held for sale
  • $40,688Unused loan commitments
  • $30,431Tier 1 (core) risk-based capital
  • $195,393Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $10,257Total unused commitments
  • $301,529Restructured Loans and leases
  • $2,230Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $71,507Total interest income
  • $18,367Total interest expense
  • $53,140Net interest income
  • $3,242Provision for loan and lease losses
  • $8,513Total noninterest income
  • $0Fiduciary activities
  • $2,921Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,592Additional noninterest income
  • $42,287Total noninterest expense
  • $24,383Salaries and employee benefits
  • $4,286Premises and equipment expense
  • $13,618Additional noninterest expense
  • $16,124Pre-tax net operating income
  • $0Securities gains (losses)
  • $4,189Applicable income taxes
  • $11,935Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,935Net income attributable to bank
  • $0Net charge-offs
  • $11,935Cash dividends
  • $2,096Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.82%Yield on earning assets
  • 1.24%Cost of funding earning assets
  • 3.58%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 2.85%Noninterest expense to earning assets
  • 0.75%Net operating income to assets
  • 0.75%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 5.90%Return on equity (ROE)
  • 5.90%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 154.68%Credit loss provision to net charge-offs
  • 9.24%Efficiency ratio
  • 68,425Assets per employee
  • 5.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.99%Loss allowance to noncurrent loans
  • 163.11%Noncurrent assets plus other real estate owned to assets
  • 0.55%Noncurrent loans to loans
  • 0.61%Net loans and leases to deposits
  • 90.11%Net loans and leases to core deposits
  • 98.61%Equity capital to assets
  • 13.03%Core capital (leverage) ratio
  • 12.23%Tier 1 risk-based capital ratio
  • 16.16%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $1,600,653Average earning assets
  • $202,226Average equity
  • $1,482,545Average loans

List of branches

  • 25 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    033153United Bank95 Elm Street, West Springfield, MA 1089January 01, 1882Full Service Brick and Mortar
    3259497Indian Orchard Branch459 Main Street, Indian Orchard, MA 1151January 01, 1961Full Service Brick and Mortar
    5259499Wilbraham Road Branch1930 Wilbraham Road, Springfield, MA 1129January 01, 1970Full Service Brick and Mortar
    6259500St. James Avenue Branch1077 St. James Avenue, Springfield, MA 1104January 01, 1972Full Service Brick and Mortar
    8259502Westfield Branch10 Elm Street, Westfield, MA 1085January 01, 1981Full Service Brick and Mortar
    9259503Downtown Branch115 State Street, Springfield, MA 1103November 21, 1985Full Service Brick and Mortar
    1033148City Branch1830 Northampton Street, Holyoke, MA 1040January 01, 1889Full Service Brick and Mortar
    11259504West Springfield - Drive-Up52 Van Deene Avenue, West Springfield, MA 1089May 13, 1995Limited Service Facility
    12259505Huntington Branch14 Russell Road, Huntington, MA 1050September 09, 1996Full Service Brick and Mortar
    13259506Longmeadow Branch670 Bliss Road, Longmeadow, MA 1106September 03, 1997Full Service Brick and Mortar
    14358527Feeding Hills Branch1325 Springfield Street, Feeding Hills, MA 1030October 10, 2000Full Service Brick and Mortar
    15418496Ludlow Branch528 Center Street, Ludlow, MA 1056October 07, 2002Full Service Brick and Mortar
    16463741Northampton Branch180 Main Street, Northampton, MA 1060June 01, 2007Full Service Brick and Mortar
    17491852East Longmeadow Branch94 Shaker Road, East Longmeadow, MA 1028January 28, 2008Full Service Brick and Mortar
    18491853Agawam Branch806 Suffield Street, Agawam, MA 1001April 21, 2008Full Service Brick and Mortar
    19496088Southampton Road Branch168 Southampton Road, Westfield, MA 1085December 29, 2006Full Service Brick and Mortar
    20496089Pleasant Branch491 Pleasant Street, Northampton, MA 1060September 15, 2008Full Service Brick and Mortar
    21496090Chicopee Branch445 Montgomery Street, Chicopee, MA 1020June 29, 2009Full Service Brick and Mortar
    22359431Commonwealth National Bank Branch33 Waldo Street, Worcester, MA 1608November 19, 2001Full Service Brick and Mortar
    23363431Chadwick Square Branch9 West Boylston Street, Worcester, MA 1605April 01, 2002Full Service Brick and Mortar
    24418516Main Street Branch564 Main Street, Shrewsbury, MA 1545January 27, 2003Full Service Brick and Mortar
    25440005Whitinsville Branch701 Church Street, Whitinsville, MA 1588November 15, 2004Full Service Brick and Mortar
    26466295Grafton Street Branch1393 Grafton Street, Worcester, MA 1604June 30, 2007Full Service Brick and Mortar
    27466296West Boylston Branch26 West Boylston Street, West Boylston, MA 1583June 30, 2007Full Service Brick and Mortar
    28518077West Boylston Street Branch1 West Boylston Street, Worcester, MA 1605December 01, 2009Full Service Brick and Mortar

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