United Bank & Trust Company in Versailles, Kentucky (KY)

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United Bank & Trust Company
GeneralFDIC Certificate #: 15608
Status: Active
Federal Reserve ID: 479914
Bank Holding Company (Regulatory Top Holder): Farmers Capital Bank Corporation (RSSDID: 1098732, Location: Frankfort, KY)
Date Established: March 03, 1880
WWW: http://www.unitedbankky.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 13 (Domestic: 13, Interstate: No)
OTS Docket #: 14044
FDIC's unique #: 9891
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: August 22, 2011
Last Structure Change Process Date: August 22, 2011
Last Data Update: August 22, 2011
Data Source Date: April 05, 2012
LocationAddress: 100 United Drive, Versailles, KY 40383
County: Woodford
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Lexington
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Lexington, KY (#4280)
Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336)
Core Based Statistical Area (CBSA): Lexington-Fayette, KY (#30460)
CBSA Metro Statistical Area: Lexington-Fayette, KY (#30460)
Financial SummaryTotal assets: $582.2 mil
Equity capital: $57.7 mil
Deposits held in domestic offices: $422.6 mil
Return on assets (ROA): -1.11% (-$6.5 mil)
Quarterly return on assets: -0.92% (-$5.4 mil)
Return on Equity (ROE): -11.42% (-$6.6 mil)
Quarterly return on equity: -9.18% (-$5.3 mil)
Net income: -$6.6 mil
Quarterly Net income: -$1.3 mil
Pretax return on assets: -1.74% (-$10,129.8 mil)
Quarterly Pretax return on assets: -1.43% (-$8,325.0 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)
Total employees (full-time equivalent)140
Total assets$582,171
Cash and due from depository institutions$28,960
Interest-bearing balances$19,914
Federal funds sold & reverse repurchase agreements$795
Net loans & leases$320,371
Loan loss allowance $13,595
Trading account assets$0
Bank premises and fixed assets$11,964
Other real estate owned$20,238
Goodwill and other intangibles$1,511
All other assets$19,101
Life insurance assets$582,171
Total liabilities and capital$524,518
Total liabilities$422,646
Total deposits$346,881
Interest-bearing deposits$422,646
Deposits held in domestic offices$96
% insured (estimated)81054.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$14,694
Other borrowed funds $0
Subordinated debt $6,124
All other liabilities $57,653
Total equity capital$57,653
Total bank equity capital$57,653
Perpetual preferred stock$0
Common stock$600
Undivided profits $-25,037
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $594
Income earned, not collected on loans $27,402
Earning assets $0
Long-term assets (5+ years) $1,837
Average Assets, year-to-date $520,311
Average Assets, quarterly $220,424
Volatile liabilities $596,124
Insider loans $583,981
FHLB advances $360,929
Loans and leases held for sale $577,628
Unused loan commitments $6,028
Tier 1 (core) risk-based capital $2,558
Tier 2 risk-based capital $48,744
Total risk weighted assets $3,470
Total unused commitments $0
Restructured Loans and leases $33,698
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $24,333
Total interest expense $7,654
Net interest income $16,679
Provision for loan and lease losses $9,644
Total noninterest income $420
Fiduciary activities $0
Service charges on deposit accounts $2,389
Trading account gains & fees $0
Additional noninterest income -$1,969
Total noninterest expense $18,227
Salaries and employee benefits $7,125
Premises and equipment expense $2,110
Additional noninterest expense $8,992
Pre-tax net operating income -$10,772
Securities gains (losses) $410
Applicable income taxes -$3,720
Income before extraordinary items -$6,642
Extraordinary gains - net $0
Net income attributable to bank -$6,642
Net charge-offs $0
Cash dividends -$6,642
Sale, conversion, retirement of capital stock, net $8,318
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.54%
Cost of funding earning assets 1.43%
Net interest margin 3.11%
Noninterest income to earning assets 0.08%
Noninterest expense to earning assets 3.40%
Net operating income to assets -1.16%
Return on assets (ROA) -1.11%
Pretax return on assets -1.74%
Return on equity (ROE) -11.42%
Retained earnings to average equity (YTD only) -11.42%
Net charge-offs to loans 2.31%
Credit loss provision to net charge-offs 115.94%
Efficiency ratio-0.14%
Assets per employee$103,503
Cash dividends to net income (YTD only)4.16%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 4.07%
Noncurrent assets plus other real estate owned to assets 49.61%
Noncurrent loans to loans 8.18%
Net loans and leases to deposits8.21%
Net loans and leases to core deposits 75.80%
Equity capital to assets 78.52%
Core capital (leverage) ratio 9.90%
Tier 1 risk-based capital ratio 8.44%
Total risk-based capital ratio 13.51%
Average assets$15
Average earning assets$596,124
Average equity $58,174
Average loans $536,529
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Total Fiduciary and Related Assets (December 31, 2009)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$3
Number of Accounts1
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts4
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$3
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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13 Kentucky Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
09891United Bank & Trust Company100 United Drive, Versailles, KY 40383March 03, 1880Full Service Brick and Mortar
1234657Midway Branch206 North Gratz Street, Midway, KY 40347April 26, 1948Full Service Brick and Mortar
2234658The Locust Street Branch152 Locust Street, Versailles, KY 40383April 19, 1971Full Service Brick and Mortar
56487Georgetown Branch206-210 East Main Street, Georgetown, KY 40324January 01, 1850Full Service Brick and Mortar
6221907Southland Branch100 N Bradford Lane, Georgetown, KY 40324January 19, 1967Full Service Brick and Mortar
7233957Stamping Ground BranchMain Street, Stamping Ground, KY 40379September 24, 1954Full Service Brick and Mortar
8221908Georgetown Branch1045 Cynthiana Road, Georgetown, KY 40324November 09, 1988Full Service Brick and Mortar
10441855Harrodsburg Road Branch3098 Harrodsburg Road, Lexington, KY 40504Febuary 01, 2005Full Service Brick and Mortar
1156853North Main Street Branch201 North Main Street, Nicholasville, KY 40356July 05, 1996Full Service Brick and Mortar
12290448Wilmore Branch106 Lexington Avenue, Wilmore, KY 40390May 17, 1999Full Service Brick and Mortar
13290449Kroger BranchKroger Store, Kimberly Square Shopping Center, Us Hwy 27, Nicholasville, KY 40356Febuary 26, 1999Full Service Retail
14290451Orchard Branch986 North Main Street, Nicholasville, KY 40356March 16, 1998Full Service Brick and Mortar
15492415United Bank & Trust Company Branch2509 Sir Barton Way, Lexington, KY 40509August 15, 2008Full Service Brick and Mortar
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