United Central Bank in Garland, Texas (TX), IL, CA, VA, GA
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| United Central Bank | |
|---|---|
| General | FDIC Certificate #: 25330 Status: Active Federal Reserve ID: 259657 Bank Holding Company (Regulatory Top Holder): Central Bancorp, Inc. (RSSDID: 1250035, Location: Garland, TX) Date Established: August 20, 1984 WWW: http://www.unitedcentralbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 30 (Domestic: 30, Interstate: Yes) FDIC's unique #: 17519 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: August 20, 1984 Last Structure Change Effective Date: July 31, 2009 Last Structure Change Process Date: August 04, 2009 Last Data Update: August 04, 2009 Data Source Date: April 05, 2012 |
| Location | Address: 4555 West Walnut, Garland, TX 75042 County: Dallas Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Dallas Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Dallas, TX (#1920) Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31) Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206) Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100) CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100) Core Based Statistical Division: Dallas-Plano-Irving, TX (#19124) |
| History of Changes | Participated in FDIC Assisted Absorption/Consolidation/Merger Corrections |
| Financial Summary | Total assets: $2,348.5 mil Equity capital: $171.4 mil Deposits held in domestic offices: $2,060.1 mil Return on assets (ROA): -0.27% (-$6.3 mil) Quarterly return on assets: -2.43% (-$57.1 mil) Return on Equity (ROE): -3.52% (-$6.0 mil) Quarterly return on equity: -32.85% (-$56.2 mil) Net income: -$6.4 mil Quarterly Net income: -$14.7 mil Pretax return on assets: -0.39% (-$9,159.3 mil) Quarterly Pretax return on assets: -3.93% (-$92,297.5 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 420 |
| Total assets | $2,348,538 |
| Cash and due from depository institutions | $402,217 |
| Interest-bearing balances | $375,322 |
| Securities | $171,302 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $1,355,763 |
| Loan loss allowance | $67,779 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $30,263 |
| Other real estate owned | $66,661 |
| Goodwill and other intangibles | $4,153 |
| All other assets | $318,179 |
| Life insurance assets | $2,348,538 |
| Total liabilities and capital | $2,177,155 |
| Total liabilities | $2,060,127 |
| Total deposits | $1,912,374 |
| Interest-bearing deposits | $2,060,127 |
| Deposits held in domestic offices | $88 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $83,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $34,028 |
| All other liabilities | $171,383 |
| Total equity capital | $171,383 |
| Total bank equity capital | $171,383 |
| Perpetual preferred stock | $0 |
| Common stock | $1,200 |
| Surplus | $88,826 |
| Undivided profits | $81,357 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $488,653 |
| Earning assets | $31,600 |
| Long-term assets (5+ years) | $5,184 |
| Average Assets, year-to-date | $1,902,387 |
| Average Assets, quarterly | $326,710 |
| Volatile liabilities | $2,392,784 |
| Insider loans | $2,413,661 |
| FHLB advances | $1,158,615 |
| Loans and leases held for sale | $2,401,565 |
| Unused loan commitments | $17,667 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $167,113 |
| Total risk weighted assets | $17,265 |
| Total unused commitments | $402 |
| Restructured Loans and leases | $21,607 |
| Derivatives | $23,006 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $108,371 |
| Total interest expense | $29,674 |
| Net interest income | $78,697 |
| Provision for loan and lease losses | $48,223 |
| Total noninterest income | $28,606 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $5,166 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $23,440 |
| Total noninterest expense | $70,869 |
| Salaries and employee benefits | $27,320 |
| Premises and equipment expense | $9,069 |
| Additional noninterest expense | $34,480 |
| Pre-tax net operating income | -$11,789 |
| Securities gains (losses) | $2,561 |
| Applicable income taxes | -$2,859 |
| Income before extraordinary items | -$6,369 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$6,369 |
| Net charge-offs | $0 |
| Cash dividends | -$6,369 |
| Sale, conversion, retirement of capital stock, net | $43,108 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.48% |
| Cost of funding earning assets | 1.50% |
| Net interest margin | 3.98% |
| Noninterest income to earning assets | 1.45% |
| Noninterest expense to earning assets | 3.58% |
| Net operating income to assets | -0.34% |
| Return on assets (ROA) | -0.27% |
| Pretax return on assets | -0.39% |
| Return on equity (ROE) | -3.52% |
| Retained earnings to average equity (YTD only) | -3.52% |
| Net charge-offs to loans | 2.71% |
| Credit loss provision to net charge-offs | 111.87% |
| Efficiency ratio | 0.85% |
| Assets per employee | $65,445 |
| Cash dividends to net income (YTD only) | 5.59% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 4.76% |
| Noncurrent assets plus other real estate owned to assets | 13.87% |
| Noncurrent loans to loans | 23.65% |
| Net loans and leases to deposits | 34.33% |
| Net loans and leases to core deposits | 65.81% |
| Equity capital to assets | 77.04% |
| Core capital (leverage) ratio | 7.30% |
| Tier 1 risk-based capital ratio | 6.96% |
| Total risk-based capital ratio | 14.42% |
| Memoranda | |
| Average assets | $16 |
| Average earning assets | $2,392,784 |
| Average equity | $180,853 |
| Average loans | $1,977,663 |
| 4 California Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 12 | 479864 | Artesia Branch | 11710 South Street, Suite 101, Artesia, CA 90701 | October 15, 2007 | Full Service Brick and Mortar |  |
| 13 | 479865 | Fashion Mart Branch | 900 S.Main Street, Los Angeles, CA 90015 | May 08, 2008 | Full Service Brick and Mortar | |
| 15 | 479867 | Irvine Branch | 1140 Roosevelt Ave, Irvine, CA 92620 | June 03, 2008 | Full Service Brick and Mortar | |
| 17 | 493429 | Wilshire Boulevard Branch | 2975 Wilshire Blvd Suite 110, Los Angeles, CA 90010 | October 09, 2008 | Full Service Brick and Mortar | |
| 1 Georgia Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 16 | 493428 | Jimmy Carter Branch | 5675 Jimmy Carter Blvd Suite 103, Norcross, GA 30071 | September 05, 2008 | Full Service Brick and Mortar | |
| 10 Illinois Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 18 | 12538 | Ucb North - Harvey | 16540 South Halsted Street, Harvey, IL 60426 | December 15, 1962 | Full Service Brick and Mortar | |
| 19 | 358979 | Western Avenue Branch | 6335 North Western Avenue, Chicago, IL 60659 | December 18, 2000 | Full Service Brick and Mortar | |
| 20 | 359409 | Roselle Branch | 801 East Nerge Road, Roselle, IL 60172 | Febuary 15, 2001 | Full Service Brick and Mortar | |
| 21 | 360404 | Villa Park Branch | 298 West North Avenue, Villa Park, IL 60181 | June 08, 2001 | Full Service Brick and Mortar | |
| 22 | 13813 | Security Dupage Naperville Branch | 1112 South Washington Street, Naperville, IL 60540 | January 13, 1970 | Full Service Brick and Mortar | |
| 23 | 250298 | Naperville Branch | 664 Raymond Drive, Naperville, IL 60540 | May 21, 1987 | Full Service Brick and Mortar | |
| 24 | 359724 | 1303 Ogden Avenue Branch | 1303 Ogden Avenue, Downers Grove, IL 60515 | January 04, 1996 | Full Service Brick and Mortar | |
| 25 | 361530 | Carol Stream Branch | 1275 County Farm Road, Carol Stream, IL 60188 | April 09, 2001 | Full Service Brick and Mortar | |
| 28 | 478549 | Messenger Service For Retirement Hom | 16540 South Halsted, Harvey, IL 60426 | July 10, 2008 | Limited Service Messenger | |
| 29 | 479176 | Aurora Branch | 3999 W 75th Street, Aurora, IL 60504 | August 29, 2007 | Full Service Brick and Mortar | |
| 1 Maryland Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 14 | 479866 | Rockville Branch | 706 Rockville Pike, Rockville, MD 20852 | March 10, 2008 | Full Service Brick and Mortar | |
| 1 New Jersey Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 27 | 365010 | Edison Crosslands Shopping Center Br | 1031 Route 1 South, Edison, NJ 8837 | Febuary 06, 2001 | Full Service Brick and Mortar | |
| 1 New York Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 26 | 42828 | Staten Island Branch | 221 Port Richmond Avenue, Staten Island, NY 10302 | January 01, 1912 | Full Service Brick and Mortar | |
| 10 Texas Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 17519 | United Central Bank | 4555 West Walnut, Garland, TX 75042 | August 20, 1984 | Full Service Brick and Mortar |  |
| 1 | 258053 | The Harry Hines Branch | 11235 Harry Hines Boulevard, Dallas, TX 75229 | May 11, 1989 | Full Service Brick and Mortar | |
| 2 | 258054 | Gessner Branch | 8585 South Gessner, Houston, TX 77074 | July 15, 1994 | Full Service Brick and Mortar | |
| 3 | 258055 | Arlington Branch | 1107 East Pioneer Parkway, Arlington, TX 76010 | January 31, 1996 | Full Service Brick and Mortar | |
| 4 | 258056 | Gessner Branch | 1611 Gessner, Houston, TX 77055 | December 15, 1997 | Full Service Brick and Mortar | |
| 5 | 258057 | Killeen Branch | 404 E. Veterans Memorial Blvd., Killeen, TX 76541 | July 01, 1998 | Full Service Brick and Mortar | |
| 7 | 431770 | Austin Branch | 5816 North I-35, Austin, TX 78751 | September 15, 2004 | Full Service Brick and Mortar | |
| 8 | 453564 | Hillcorft Branch | 5910 Hillcorft, Houston, TX 77036 | March 01, 2006 | Full Service Brick and Mortar | |
| 32 | 501277 | Carrollton Branch | 2625 Denton Road, Suite 100, Carrollton, TX 75007 | October 27, 2009 | Full Service Brick and Mortar | |
| 33 | 511443 | Plano-Legacy Branch | 280 Legacy Drive, Plano, TX 75023 | October 16, 2009 | Full Service Brick and Mortar | |
| 2 Virginia Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 9 | 456124 | Brandon Avenue | 6400 Brandon Avenue, Springfield, VA 22150 | September 01, 2006 | Full Service Brick and Mortar | |
| 31 | 493839 | Annadale Branch | 7140 Little River, Annandale, VA 22003 | October 09, 2008 | Full Service Brick and Mortar | |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.