United Community Bank of West Kentucky, Inc. in Morganfield, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • United Community Bank of West Kentucky, Inc. in Morganfield, Kentucky (KY)
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United Community Bank of West Kentucky, Inc. - Overview

  • General
  • FDIC Certificate #: 57301
    Status: Active
    Federal Reserve ID: 3070545
    Bank Holding Company (Regulatory Top Holder): United Community Bancshares, Inc. (RSSDID: 3260216, Location: Morganfield, KY)
    Date Established: December 10, 2001
    WWW: http://www.ucbwest.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 360799
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: December 10, 2001
    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: 500 North Morgan Street, Morganfield, KY 42437
    County: Union
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Hopkinsville
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Corrections
    Change in Trust Powers
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $185.2 mil
    Equity capital: $17.8 mil
    Deposits held in domestic offices: $152.8 mil
    Return on assets (ROA): 1.55% ($2.9 mil)
    Quarterly return on assets: 1.30% ($2.4 mil)
    Return on Equity (ROE): 15.95% ($2.9 mil)
    Quarterly return on equity: 13.40% ($2.4 mil)
    Net income: $2.6 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 2.20% ($4,074.2 mil)
    Quarterly Pretax return on assets: 1.84% ($3,407.5 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
  • 48Total employees (full-time equivalent)
  • $185,190Total assets
  • $7,800Cash and due from depository institutions
  • $2,230Interest-bearing balances
  • $48,960Securities
  • $3,676Federal funds sold & reverse repurchase agreements
  • $118,901Net loans & leases
  • $1,853Loan loss allowance
  • $0Trading account assets
  • $2,389Bank premises and fixed assets
  • $200Other real estate owned
  • $0Goodwill and other intangibles
  • $185,190Life insurance assets
  • $3,264All other assets
  • $167,407Total liabilities and capital
  • $152,824Total liabilities
  • $123,519Total deposits
  • $152,824Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 1416.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,301Trading liabilities
  • $0Other borrowed funds
  • $866Subordinated debt
  • $17,783All other liabilities
  • $17,783Total equity capital
  • $17,783Total bank equity capital
  • $0Perpetual preferred stock
  • $1,400Common stock
  • $8,600Surplus
  • $7,783Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $260Income earned, not collected on loans
  • $0Earning assets
  • $1,207Long-term assets (5+ years)
  • $173,767Average Assets, year-to-date
  • $79,568Average Assets, quarterly
  • $170,057Volatile liabilities
  • $182,159Insider loans
  • $121,809FHLB advances
  • $182,828Loans and leases held for sale
  • $1,203Unused loan commitments
  • $1,203Tier 1 (core) risk-based capital
  • $16,981Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,491Restructured Loans and leases
  • $5,275Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,557Total interest income
  • $1,375Total interest expense
  • $7,182Net interest income
  • $440Provision for loan and lease losses
  • $1,326Total noninterest income
  • $17Fiduciary activities
  • $626Service charges on deposit accounts
  • $0Trading account gains & fees
  • $683Additional noninterest income
  • $4,353Total noninterest expense
  • $2,285Salaries and employee benefits
  • $331Premises and equipment expense
  • $1,737Additional noninterest expense
  • $3,715Pre-tax net operating income
  • $30Securities gains (losses)
  • $1,107Applicable income taxes
  • $2,638Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,638Net income attributable to bank
  • $0Net charge-offs
  • $2,638Cash dividends
  • $502Sale, conversion, retirement of capital stock, net
  • $518Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.33%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 4.48%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 2.71%Noninterest expense to earning assets
  • 1.54%Net operating income to assets
  • 1.55%Return on assets (ROA)
  • 2.20%Pretax return on assets
  • 15.95%Return on equity (ROE)
  • 12.81%Retained earnings to average equity (YTD only)
  • 0.43%Net charge-offs to loans
  • 87.65%Credit loss provision to net charge-offs
  • 8.28%Efficiency ratio
  • 51,164Assets per employee
  • 3.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 19.64%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 712.69%Noncurrent assets plus other real estate owned to assets
  • 0.25%Noncurrent loans to loans
  • 0.22%Net loans and leases to deposits
  • 77.80%Net loans and leases to core deposits
  • 79.59%Equity capital to assets
  • 9.60%Core capital (leverage) ratio
  • 9.29%Tier 1 risk-based capital ratio
  • 13.94%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $170,057Average earning assets
  • $16,544Average equity
  • $160,427Average 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
  • $6,036Managed Assets
  • 1Number of Accounts
  • $3,833Personal trust and agency accounts
  • $2,955Employee 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
  • $878Non-managed Assets
  • 30Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,203Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $2,161Fiduciary accounts held in foreign offices

List of branches

  • 3 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0360799United Community Bank Of West Kentucky, Inc.500 North Morgan Street, Morganfield, KY 42437December 10, 2001Full Service Brick and Mortar
    1364435Sturgis Branch1406 Main Street, Sturgis, KY 42459January 08, 2002Full Service Brick and Mortar
    2442306Clay Branch54 Hearin St, Clay, KY 42404March 04, 2005Full Service Brick and Mortar

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