United Legacy Bank in Winter Park, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


United Legacy Bank - Overview

  • General
  • FDIC Certificate #: 57164
    Status: Active
    Federal Reserve ID: 3048861
    Bank Holding Company (Regulatory Top Holder): United Group Banking Company Of Florida, Inc. (RSSDID: 3047574, Location: Longwood, FL)
    Date Established: December 28, 2001
    WWW: http://www.unitedlegacybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 358775
    Numeric code: 13
    Regulator: FED
    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: December 28, 2001
    Last Structure Change Effective Date: January 31, 2010
    Last Structure Change Process Date: April 22, 2010
    Last Data Update: April 22, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 401 South Semoran Boulevard, Winter Park, FL 32792
    County: Orange
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Orlando, FL (#5960)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Orlando-Kissimmee-Sanford, FL (#36740)
    CBSA Metro Statistical Area: Orlando-Kissimmee-Sanford, FL (#36740)
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $195.2 mil
    Equity capital: $22.4 mil
    Deposits held in domestic offices: $172.6 mil
    Return on assets (ROA): -0.14% (-$0.3 mil)
    Quarterly return on assets: -0.06% (-$0.1 mil)
    Return on Equity (ROE): -1.33% (-$0.3 mil)
    Quarterly return on equity: -0.48% (-$0.1 mil)
    Net income: -$0.3 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: -0.18% (-$351.3 mil)
    Quarterly Pretax return on assets: -0.04% (-$78.1 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
  • 35Total employees (full-time equivalent)
  • $195,182Total assets
  • $18,873Cash and due from depository institutions
  • $17,085Interest-bearing balances
  • $46,163Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $113,541Net loans & leases
  • $2,793Loan loss allowance
  • $0Trading account assets
  • $8,433Bank premises and fixed assets
  • $1,016Other real estate owned
  • $0Goodwill and other intangibles
  • $195,182Life insurance assets
  • $7,156All other assets
  • $172,831Total liabilities and capital
  • $172,645Total liabilities
  • $151,394Total deposits
  • $172,645Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $186Subordinated debt
  • $22,351All other liabilities
  • $22,351Total equity capital
  • $22,351Total bank equity capital
  • $0Perpetual preferred stock
  • $3,725Common stock
  • $32,742Surplus
  • $-14,116Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,585Income earned, not collected on loans
  • $0Earning assets
  • $449Long-term assets (5+ years)
  • $176,789Average Assets, year-to-date
  • $79,522Average Assets, quarterly
  • $191,495Volatile liabilities
  • $190,960Insider loans
  • $134,127FHLB advances
  • $188,399Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $18,057Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,144Restructured Loans and leases
  • $11,872Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,979Total interest income
  • $1,980Total interest expense
  • $4,999Net interest income
  • $95Provision for loan and lease losses
  • $365Total noninterest income
  • $0Fiduciary activities
  • $231Service charges on deposit accounts
  • $0Trading account gains & fees
  • $134Additional noninterest income
  • $5,952Total noninterest expense
  • $3,070Salaries and employee benefits
  • $1,061Premises and equipment expense
  • $1,821Additional noninterest expense
  • -$683Pre-tax net operating income
  • $342Securities gains (losses)
  • -$67Applicable income taxes
  • -$274Income before extraordinary items
  • $0Extraordinary gains - net
  • -$274Net income attributable to bank
  • $0Net charge-offs
  • -$274Cash dividends
  • $1,304Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.04%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 2.89%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 3.44%Noninterest expense to earning assets
  • -0.29%Net operating income to assets
  • -0.14%Return on assets (ROA)
  • -0.18%Pretax return on assets
  • -1.33%Return on equity (ROE)
  • -1.33%Retained earnings to average equity (YTD only)
  • 1.17%Net charge-offs to loans
  • 7.29%Credit loss provision to net charge-offs
  • -0.45%Efficiency ratio
  • 110,962Assets per employee
  • 5.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.40%Loss allowance to noncurrent loans
  • 60.92%Noncurrent assets plus other real estate owned to assets
  • 2.87%Noncurrent loans to loans
  • 3.94%Net loans and leases to deposits
  • 65.77%Net loans and leases to core deposits
  • 72.12%Equity capital to assets
  • 11.45%Core capital (leverage) ratio
  • 9.58%Tier 1 risk-based capital ratio
  • 13.46%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $191,495Average earning assets
  • $20,533Average equity
  • $172,946Average loans

List of branches

  • 4 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0358775United Legacy Bank401 South Semoran Boulevard, Winter Park, FL 32792December 28, 2001Full Service Brick and Mortar
    1443464Oviedo Branch977 West Broadway, Oviedo, FL 32765September 03, 2002Full Service Brick and Mortar
    2448840Kissimmee Korners Branch1017 East Vine Street, Kissimmee, FL 34744January 17, 2006Full Service Brick and Mortar
    3450917Saint Cloud Branch4589 H.C. Yates Lane, Saint Cloud, FL 34772April 13, 2006Full Service Brick and Mortar

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