United Community Bank in Murphy, North Carolina (NC)

Show street view No street view available for this location
Table of contents:
United Community Bank
GeneralFDIC Certificate #: 24581
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: United Community Bank (#16889)
Federal Reserve ID: 749121
Date Established: July 12, 1983
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 21 (Interstate: No)
OTS Docket #: 10915
FDIC's unique #: 17080
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: July 12, 1983
Last Structure Change Effective Date: Febuary 01, 2008
Last Structure Change Process Date: Febuary 13, 2008
Last Data Update: Febuary 13, 2008
Data Source Date: April 05, 2012
LocationAddress: 116 Peachtree Street, Murphy, NC 28906
County: Cherokee
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Charlotte
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Financial SummaryTotal assets: $1,168.3 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, 2007)
(Dollar figures in thousands)
Total employees (full-time equivalent)276
Total assets$1,168,284
Cash and due from depository institutions$35,229
Interest-bearing balances$14,931
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$796,234
Loan loss allowance $9,765
Trading account assets$0
Bank premises and fixed assets$23,970
Other real estate owned$1,178
Goodwill and other intangibles$11,895
All other assets$29,663
Life insurance assets$2,152
Total liabilities and capital$1,168,284
Total liabilities$1,078,053
Total deposits$963,422
Interest-bearing deposits$791,699
Deposits held in domestic offices$963,422
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $97,235
Trading liabilities$0
Other borrowed funds $4,000
Subordinated debt $8,000
All other liabilities $5,396
Total equity capital$90,231
Total bank equity capital$90,231
Perpetual preferred stock$90,231
Common stock$0
Undivided profits $27,276
Noncurrent loans and leases $60,354
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $160,150
Income earned, not collected on loans $0
Earning assets $7,455
Long-term assets (5+ years) $0
Average Assets, year-to-date $6,566
Average Assets, quarterly $1,081,280
Volatile liabilities $235,280
Insider loans $1,152,457
FHLB advances $1,175,078
Loans and leases held for sale $300,072
Unused loan commitments $2,237
Tier 1 (core) risk-based capital $4,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $160,150
Restructured Loans and leases $0
Back to page top, Back to table top

Income and Expense (December 31, 2007)
(Dollar figures in thousands)
Total interest income $80,821
Total interest expense $35,945
Net interest income $44,876
Provision for loan and lease losses $19,300
Total noninterest income $9,957
Fiduciary activities $0
Service charges on deposit accounts $5,016
Trading account gains & fees $0
Additional noninterest income $4,941
Total noninterest expense $28,772
Salaries and employee benefits $12,228
Premises and equipment expense $2,296
Additional noninterest expense $14,248
Pre-tax net operating income $6,761
Securities gains (losses) $251
Applicable income taxes $2,045
Income before extraordinary items $4,967
Extraordinary gains - net $0
Net income attributable to bank $4,967
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $18,518
Net operating income $13,500
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2007)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.58%
Cost of funding earning assets 3.37%
Net interest margin 4.21%
Noninterest income to earning assets 0.93%
Noninterest expense to earning assets 2.70%
Net operating income to assets 0.42%
Return on assets (ROA) 0.43%
Pretax return on assets 0.61%
Return on equity (ROE) 5.59%
Retained earnings to average equity (YTD only) -9.60%
Net charge-offs to loans 2.31%
Credit loss provision to net charge-offs 104.22%
Efficiency ratio1.41%
Assets per employee$51,905
Cash dividends to net income (YTD only)4.23%
Condition Ratios (%)
Loss allowance to loans 271.79%
Loss allowance to noncurrent loans 1.21%
Noncurrent assets plus other real estate owned to assets 130.99%
Noncurrent loans to loans 0.74%
Net loans and leases to deposits0.92%
Net loans and leases to core deposits 82.65%
Equity capital to assets 104.69%
Core capital (leverage) ratio 7.72%
Tier 1 risk-based capital ratio 6.75%
Total risk-based capital ratio 9.03%
Average assets$11
Average earning assets$1,152,457
Average equity $88,855
Average loans $1,065,562
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with United Community Bank.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.