United Bank in Atmore, Alabama (AL), FL
Overview, Financial Summary, Detailed Financial Reports, Branches

United Bank - Overview

  • General
  • FDIC Certificate #: 58
    Status: Active
    Federal Reserve ID: 994435
    Bank Holding Company (Regulatory Top Holder): United Bancorporation Of Alabama, Inc. (RSSDID: 1083895, Location: Atmore, AL)
    Date Established: January 04, 1904
    WWW: http://www.unitedbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 18 (Domestic: 18, Interstate: Yes)
    OTS Docket #: 13590
    FDIC's unique #: 39
    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: 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: 200 East Nashville Avenue, Atmore, AL 36502
    County: Escambia
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Pensacola
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $446.4 mil
    Equity capital: $47.1 mil
    Deposits held in domestic offices: $395.5 mil
    Return on assets (ROA): 0.31% ($1.4 mil)
    Quarterly return on assets: 0.36% ($1.6 mil)
    Return on Equity (ROE): 2.98% ($1.4 mil)
    Quarterly return on equity: 3.35% ($1.6 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.42% ($1,874.9 mil)
    Quarterly Pretax return on assets: 0.50% ($2,232.1 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
  • 177Total employees (full-time equivalent)
  • $446,414Total assets
  • $56,255Cash and due from depository institutions
  • $41,322Interest-bearing balances
  • $92,543Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $258,367Net loans & leases
  • $4,902Loan loss allowance
  • $0Trading account assets
  • $15,854Bank premises and fixed assets
  • $9,946Other real estate owned
  • $0Goodwill and other intangibles
  • $446,414Life insurance assets
  • $13,449All other assets
  • $399,320Total liabilities and capital
  • $395,509Total liabilities
  • $268,985Total deposits
  • $395,509Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,107Trading liabilities
  • $0Other borrowed funds
  • $1,704Subordinated debt
  • $47,094All other liabilities
  • $47,094Total equity capital
  • $47,094Total bank equity capital
  • $0Perpetual preferred stock
  • $28Common stock
  • $22,530Surplus
  • $24,536Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $169Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,701Income earned, not collected on loans
  • $40Earning assets
  • $2,155Long-term assets (5+ years)
  • $392,232Average Assets, year-to-date
  • $30,074Average Assets, quarterly
  • $447,392Volatile liabilities
  • $440,455Insider loans
  • $293,599FHLB advances
  • $438,464Loans and leases held for sale
  • $2,954Unused loan commitments
  • $2,042Tier 1 (core) risk-based capital
  • $41,631Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $912Total unused commitments
  • $93,828Restructured Loans and leases
  • $4,239Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,286Total interest income
  • $3,173Total interest expense
  • $15,113Net interest income
  • $1,800Provision for loan and lease losses
  • $3,060Total noninterest income
  • $0Fiduciary activities
  • $2,161Service charges on deposit accounts
  • $0Trading account gains & fees
  • $899Additional noninterest income
  • $15,663Total noninterest expense
  • $8,835Salaries and employee benefits
  • $1,982Premises and equipment expense
  • $4,846Additional noninterest expense
  • $710Pre-tax net operating income
  • $1,184Securities gains (losses)
  • $517Applicable income taxes
  • $1,377Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,377Net income attributable to bank
  • $0Net charge-offs
  • $1,377Cash dividends
  • $2,038Sale, conversion, retirement of capital stock, net
  • $515Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.66%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 3.85%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 3.99%Noninterest expense to earning assets
  • 0.11%Net operating income to assets
  • 0.31%Return on assets (ROA)
  • 0.42%Pretax return on assets
  • 2.98%Return on equity (ROE)
  • 1.86%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 88.32%Credit loss provision to net charge-offs
  • 1.23%Efficiency ratio
  • 86,188Assets per employee
  • 2.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 37.40%Loss allowance to loans
  • 1.86%Loss allowance to noncurrent loans
  • 35.78%Noncurrent assets plus other real estate owned to assets
  • 5.30%Noncurrent loans to loans
  • 5.20%Net loans and leases to deposits
  • 65.33%Net loans and leases to core deposits
  • 67.65%Equity capital to assets
  • 10.55%Core capital (leverage) ratio
  • 9.49%Tier 1 risk-based capital ratio
  • 14.18%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $447,392Average earning assets
  • $46,263Average equity
  • $392,560Average loans

List of branches

  • 15 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    039United Bank200 East Nashville Avenue, Atmore, AL 36502January 04, 1904Full Service Brick and Mortar
    1180957Flomaton BranchCollege Street And U.S. Highway 29, Flomaton, AL 36441Febuary 21, 1972Full Service Brick and Mortar
    33819Frisco City Branch4285 Bowden Street, Frisco City, AL 36445April 01, 1914Full Service Brick and Mortar
    4207885Monroeville Branch1588 S. Alabama Avenue, Monroeville, AL 36460January 07, 1983Full Service Brick and Mortar
    5180959Mckenzie Branch516 South Mckenzie Street, Foley, AL 36535May 06, 1996Full Service Brick and Mortar
    6180960Lillian Branch34354 U.S. Highway 98, Lillian, AL 36549July 07, 1997Full Service Brick and Mortar
    7180961Bay Minette Branch404 Courthouse Square, Bay Minette, AL 36507December 30, 1998Full Service Brick and Mortar
    8360073Broad Street Branch21950 Broad Street, Silverhill, AL 36576March 16, 2001Full Service Brick and Mortar
    9361446Magnolia Springs12512 County Road 49, Foley, AL 36535June 14, 2000Full Service Brick and Mortar
    10366362Messenger Service Branch200 East Nashville Avenue, Atmore, AL 36504January 01, 2001Limited Service Messenger
    11430688Summerdale BranchSw 1st Street, Summerdale, AL 36580March 08, 2004Full Service Brick and Mortar
    13438878Bay Minette Branch615 Mcmeans Avenue, Bay Minette, AL 36507September 29, 2003Full Service Brick and Mortar
    16445451Lindberg Avenue Branch164 Lindbert Avenue, Atmore, AL 36502October 19, 2005Full Service Brick and Mortar
    17468334Spanish Fort Branch30500 Highway 181, Suite 100, Spanish Fort, AL 36527October 01, 2007Full Service Brick and Mortar
    19478542Loxley Branch1059 W Loxley Ave, Loxley, AL 36551September 01, 2007Full Service Brick and Mortar
  • 3 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    14443567Berryhill Road Branch5907 Berryhill Road, Milton, FL 32570April 16, 2005Full Service Brick and Mortar
    15443568Jay Fl Branch14038 Alabama Street, Jay, FL 32565July 05, 2004Full Service Brick and Mortar
    18478541Pace Fl Branch3615 Hwy 90, Pace, FL 32571November 18, 2007Full Service Brick and Mortar

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