United Bank & Trust in Ann Arbor, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


United Bank & Trust - Overview

  • General
  • FDIC Certificate #: 13177
    Status: Active
    Federal Reserve ID: 401148
    Bank Holding Company (Regulatory Top Holder): United Bancorp, Inc. (RSSDID: 1135516, Location: Ann Arbor, MI)
    Date Established: January 01, 1893
    WWW: http://www.ubat.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 17 (Domestic: 17, Interstate: No)
    OTS Docket #: 10393
    FDIC's unique #: 8338
    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: July 12, 2011
    Last Structure Change Process Date: July 13, 2011
    Last Data Update: July 13, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2723 South State Street, Ann Arbor, MI 48104
    County: Washtenaw
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Detroit
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Ann Arbor, MI (#440)
    Consolidated Metropolitan Statistical Area (CMSA): Detroit-Ann Arbor-Flint, MI (#35)
    Combined Statistical Area (CSA): Detroit-Warren-Flint, MI (#220)
    Core Based Statistical Area (CBSA): Ann Arbor, MI (#11460)
    CBSA Metro Statistical Area: Ann Arbor, MI (#11460)
  • Financial Summary
  • Total assets: $883.9 mil
    Equity capital: $87.7 mil
    Deposits held in domestic offices: $769.8 mil
    Return on assets (ROA): 0.14% ($1.2 mil)
    Quarterly return on assets: 1.07% ($9.5 mil)
    Return on Equity (ROE): 1.44% ($1.3 mil)
    Quarterly return on equity: 10.96% ($9.6 mil)
    Net income: $1.2 mil
    Quarterly Net income: $2.4 mil
    Pretax return on assets: 0.11% ($972.2 mil)
    Quarterly Pretax return on assets: 1.51% ($13,346.2 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
  • 270Total employees (full-time equivalent)
  • $883,856Total assets
  • $107,226Cash and due from depository institutions
  • $91,428Interest-bearing balances
  • $173,166Securities
  • $366Federal funds sold & reverse repurchase agreements
  • $551,359Net loans & leases
  • $20,633Loan loss allowance
  • $0Trading account assets
  • $10,795Bank premises and fixed assets
  • $3,657Other real estate owned
  • $5,405Goodwill and other intangibles
  • $883,856Life insurance assets
  • $31,882All other assets
  • $796,108Total liabilities and capital
  • $769,770Total liabilities
  • $625,510Total deposits
  • $769,770Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $24,035Trading liabilities
  • $0Other borrowed funds
  • $2,303Subordinated debt
  • $87,748All other liabilities
  • $87,748Total equity capital
  • $87,748Total bank equity capital
  • $0Perpetual preferred stock
  • $6,000Common stock
  • $78,500Surplus
  • $3,248Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $8,290Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $25,785Income earned, not collected on loans
  • $0Earning assets
  • $2,756Long-term assets (5+ years)
  • $816,319Average Assets, year-to-date
  • $190,247Average Assets, quarterly
  • $877,133Volatile liabilities
  • $888,875Insider loans
  • $565,684FHLB advances
  • $873,738Loans and leases held for sale
  • $13,819Unused loan commitments
  • $10,370Tier 1 (core) risk-based capital
  • $80,388Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,449Total unused commitments
  • $123,394Restructured Loans and leases
  • $1,897Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $36,260Total interest income
  • $6,114Total interest expense
  • $30,146Net interest income
  • $12,150Provision for loan and lease losses
  • $16,091Total noninterest income
  • $3,610Fiduciary activities
  • $1,939Service charges on deposit accounts
  • $0Trading account gains & fees
  • $10,542Additional noninterest income
  • $33,114Total noninterest expense
  • $18,909Salaries and employee benefits
  • $3,788Premises and equipment expense
  • $10,417Additional noninterest expense
  • $973Pre-tax net operating income
  • $0Securities gains (losses)
  • -$260Applicable income taxes
  • $1,233Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,233Net income attributable to bank
  • $0Net charge-offs
  • $1,233Cash dividends
  • $16,680Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.47%Yield on earning assets
  • 0.75%Cost of funding earning assets
  • 3.72%Net interest margin
  • 1.98%Noninterest income to earning assets
  • 4.08%Noninterest expense to earning assets
  • 0.14%Net operating income to assets
  • 0.14%Return on assets (ROA)
  • 0.11%Pretax return on assets
  • 1.44%Return on equity (ROE)
  • 1.44%Retained earnings to average equity (YTD only)
  • 2.86%Net charge-offs to loans
  • 72.84%Credit loss provision to net charge-offs
  • 0.79%Efficiency ratio
  • 71,618Assets per employee
  • 3.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.61%Loss allowance to noncurrent loans
  • 80.02%Noncurrent assets plus other real estate owned to assets
  • 3.33%Noncurrent loans to loans
  • 4.51%Net loans and leases to deposits
  • 71.63%Net loans and leases to core deposits
  • 79.75%Equity capital to assets
  • 9.93%Core capital (leverage) ratio
  • 9.20%Tier 1 risk-based capital ratio
  • 14.21%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $877,133Average earning assets
  • $85,769Average equity
  • $811,053Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $538,321Managed Assets
  • 1Number of Accounts
  • $523,853Personal trust and agency accounts
  • $108,381Employee benefit-defined contribution accounts
  • $13,500Employee benefit-defined benefit accounts
  • $2,265Other retirement accounts
  • $71,013Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $271,828Other fiduciary accounts
  • $56,866Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 996Number of Accounts
  • $0Personal trust and agency accounts
  • $69,083Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $14,468Other retirement accounts
  • $6,556Corporate trust and agency accounts
  • $290Other fiduciary accounts
  • $3,412Fiduciary accounts held in foreign offices

List of branches

  • 17 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08338United Bank & Trust2723 South State Street, Ann Arbor, MI 48104January 01, 1893Full Service Brick and Mortar
    2229270Herrick Park Branch610 North Evans Street, Tecumseh, MI 49286May 01, 1967Limited Service Administrative
    4229272West Chicago Branch1208 West Chicago Boulevard, Tecumseh, MI 49286November 18, 1974Full Service Brick and Mortar
    6233737Clinton Branch11839 Tecumseh-Clinton Road, Clinton Township, MI 49236October 24, 1980Full Service Brick and Mortar
    7229274West Adrian Branch1440 West Maumee, Adrian, MI 49221November 15, 1989Full Service Brick and Mortar
    811272Hudson Branch331 West Main Street, Hudson, MI 49247November 09, 1867Full Service Brick and Mortar
    9241155Devils Lake Branch851 Manitou Road, Rollin Township, MI 49253July 25, 1966Full Service Brick and Mortar
    11271459Morenci Branch1050 East Main Street, Morenci, MI 49256January 01, 1899Full Service Brick and Mortar
    12229275North Adrian Branch3737 North Adrian Highway, Adrian, MI 49221September 26, 1994Full Service Brick and Mortar
    13229276Adrian Mall Branch1422 South Winter Street, Adrian, MI 49221November 16, 1994Full Service Brick and Mortar
    14229277Blissfield Branch618 West Adrian Street, Blissfield, MI 49228May 09, 1995Full Service Brick and Mortar
    169383Dundee Main Branch260 Tecumseh Street, Dundee, MI 48131September 16, 1892Full Service Brick and Mortar
    20264254Manchester Branch111 East Main Street, Manchester, MI 48158January 01, 1890Full Service Brick and Mortar
    21360253Dexter-Ann Arbor Road Branch7200 Dexter-Ann Arbor Road, Dexter, MI 48130May 30, 2001Full Service Brick and Mortar
    22229278Saline Branch200 North Maple, Saline, MI 48176August 26, 1997Full Service Brick and Mortar
    23466292Scio Village Office Branch355 S Zeeb Rd, Ann Arbor, MI 48103November 06, 2006Full Service Brick and Mortar
    24508873Chicago Boulevard Branch205 East Chicago Boulevard, Tecumseh, MI 49286April 01, 2010Full Service Brick and Mortar

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