United Community Bank in Murphy, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 01, 2008

  • United Community Bank in Murphy, North Carolina (NC)
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United Community Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 276Total employees (full-time equivalent)
  • $1,168,284Total assets
  • $35,229Cash and due from depository institutions
  • $14,931Interest-bearing balances
  • $270,115Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $796,234Net loans & leases
  • $9,765Loan loss allowance
  • $0Trading account assets
  • $23,970Bank premises and fixed assets
  • $1,178Other real estate owned
  • $11,895Goodwill and other intangibles
  • $2,152Life insurance assets
  • $29,663All other assets
  • $1,168,284Total liabilities and capital
  • $1,078,053Total liabilities
  • $963,422Total deposits
  • $791,699Interest-bearing deposits
  • $963,422Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $97,235Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,000Other borrowed funds
  • $8,000Subordinated debt
  • $5,396All other liabilities
  • $90,231Total equity capital
  • $90,231Total bank equity capital
  • $90,231Perpetual preferred stock
  • $0Common stock
  • $2,601Surplus
  • $27,276Undivided profits
  • Memoranda
  • $60,354Noncurrent loans and leases
  • $160,150Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $7,455Earning assets
  • $0Long-term assets (5+ years)
  • $6,566Average Assets, year-to-date
  • $1,081,280Average Assets, quarterly
  • $235,280Volatile liabilities
  • $1,152,457Insider loans
  • $1,175,078FHLB advances
  • $300,072Loans and leases held for sale
  • $2,237Unused loan commitments
  • $4,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $160,150Total unused commitments
  • $0Restructured Loans and leases
  • $17,765Derivatives

Income and Expense (December 31, 2007)

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

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.58%Yield on earning assets
  • 3.37%Cost of funding earning assets
  • 4.21%Net interest margin
  • 0.93%Noninterest income to earning assets
  • 2.70%Noninterest expense to earning assets
  • 0.42%Net operating income to assets
  • 0.43%Return on assets (ROA)
  • 0.61%Pretax return on assets
  • 5.59%Return on equity (ROE)
  • -9.60%Retained earnings to average equity (YTD only)
  • 2.31%Net charge-offs to loans
  • 104.22%Credit loss provision to net charge-offs
  • 1.41%Efficiency ratio
  • 51,905Assets per employee
  • 4.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 271.79%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 130.99%Noncurrent assets plus other real estate owned to assets
  • 0.74%Noncurrent loans to loans
  • 0.92%Net loans and leases to deposits
  • 82.65%Net loans and leases to core deposits
  • 104.69%Equity capital to assets
  • 7.72%Core capital (leverage) ratio
  • 6.75%Tier 1 risk-based capital ratio
  • 9.03%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $1,152,457Average earning assets
  • $88,855Average equity
  • $1,065,562Average loans

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