United Community Bank in Milford, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • United Community Bank in Milford, Iowa (IA)
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United Community Bank - Overview

  • General
  • FDIC Certificate #: 13656
    Status: Active
    Federal Reserve ID: 884648
    Bank Holding Company (Regulatory Top Holder): Milford Bancorporation (RSSDID: 1201952, Location: Milford, IA)
    Date Established: June 10, 1931
    WWW: http://www.unitedcommunitybank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 14255
    FDIC's unique #: 8534
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: November 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: 1000 Okoboji Avenue, Milford, IA 51351
    County: Dickinson
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Spirit Lake, IA (#44020)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $188.4 mil
    Equity capital: $20.1 mil
    Deposits held in domestic offices: $158.7 mil
    Return on assets (ROA): 1.59% ($3.0 mil)
    Quarterly return on assets: 1.13% ($2.1 mil)
    Return on Equity (ROE): 14.36% ($2.9 mil)
    Quarterly return on equity: 10.34% ($2.1 mil)
    Net income: $2.9 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.67% ($3,147.0 mil)
    Quarterly Pretax return on assets: 1.25% ($2,355.6 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
  • 43Total employees (full-time equivalent)
  • $188,444Total assets
  • $4,750Cash and due from depository institutions
  • $3,528Interest-bearing balances
  • $15,983Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $150,382Net loans & leases
  • $1,467Loan loss allowance
  • $0Trading account assets
  • $4,021Bank premises and fixed assets
  • $1,657Other real estate owned
  • $3,296Goodwill and other intangibles
  • $188,444Life insurance assets
  • $8,355All other assets
  • $168,352Total liabilities and capital
  • $158,695Total liabilities
  • $140,893Total deposits
  • $158,695Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,100Trading liabilities
  • $0Other borrowed funds
  • $1,557Subordinated debt
  • $20,092All other liabilities
  • $20,092Total equity capital
  • $20,092Total bank equity capital
  • $0Perpetual preferred stock
  • $120Common stock
  • $15,080Surplus
  • $4,892Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $2,022Long-term assets (5+ years)
  • $169,893Average Assets, year-to-date
  • $21,567Average Assets, quarterly
  • $179,941Volatile liabilities
  • $183,912Insider loans
  • $160,083FHLB advances
  • $183,211Loans and leases held for sale
  • $3,930Unused loan commitments
  • $3,252Tier 1 (core) risk-based capital
  • $16,527Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $678Total unused commitments
  • $27,946Restructured Loans and leases
  • $8,318Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,340Total interest income
  • $1,150Total interest expense
  • $7,190Net interest income
  • $0Provision for loan and lease losses
  • $1,048Total noninterest income
  • $9Fiduciary activities
  • $290Service charges on deposit accounts
  • $0Trading account gains & fees
  • $749Additional noninterest income
  • $5,463Total noninterest expense
  • $3,453Salaries and employee benefits
  • $898Premises and equipment expense
  • $1,112Additional noninterest expense
  • $2,775Pre-tax net operating income
  • $224Securities gains (losses)
  • $145Applicable income taxes
  • $2,854Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,854Net income attributable to bank
  • $0Net charge-offs
  • $2,854Cash dividends
  • $6Sale, conversion, retirement of capital stock, net
  • $2,575Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.17%Yield on earning assets
  • 0.71%Cost of funding earning assets
  • 4.46%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 3.39%Noninterest expense to earning assets
  • 1.47%Net operating income to assets
  • 1.59%Return on assets (ROA)
  • 1.67%Pretax return on assets
  • 14.36%Return on equity (ROE)
  • 1.40%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 462.50%Efficiency ratio
  • 66,315Assets per employee
  • 4.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 90.22%Loss allowance to loans
  • 0.97%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.88%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 94.76%Net loans and leases to core deposits
  • 102.14%Equity capital to assets
  • 10.66%Core capital (leverage) ratio
  • 9.02%Tier 1 risk-based capital ratio
  • 10.32%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $179,941Average earning assets
  • $19,874Average equity
  • $161,315Average 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
  • $1,033Managed Assets
  • 1Number of Accounts
  • $845Personal trust and agency accounts
  • $845Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 29Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $188Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $67Fiduciary accounts held in foreign offices

List of branches

  • 6 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08534United Community Bank1000 Okoboji Avenue, Milford, IA 51351June 10, 1931Full Service Brick and Mortar
    1229756Okoboji BranchHighway 71 North, Okoboji, IA 51355September 13, 1982Full Service Brick and Mortar
    3225525Ocheyedan Branch850 Main Street, Ocheyedan, IA 51354December 14, 1995Full Service Brick and Mortar
    6274900Lake Park Branch113 Market Street, Lake Park, IA 51347January 01, 1934Full Service Brick and Mortar
    7172Milford Drive-Up Facility1905 Okoboji Avenue, Milford, IA 51351May 11, 1933Limited Service Facility
    8181369Hartley Branch117 South Central Avenue, Hartley, IA 51346June 11, 1998Full Service Brick and Mortar

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