United Southern Bank in Umatilla, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

United Southern Bank - Overview

  • General
  • FDIC Certificate #: 15465
    Status: Active
    Federal Reserve ID: 327435
    Bank Holding Company (Regulatory Top Holder): Unisouth, Inc. (RSSDID: 1141601, Location: Umatilla, FL)
    Date Established: March 01, 1937
    WWW: http://www.unitedsouthernbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Domestic: 12, Interstate: No)
    OTS Docket #: 13655
    FDIC's unique #: 9773
    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: Commercial Lending Specialization
    Date of Deposit Insurance: March 01, 1937
    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: 750 North Central Avenue, Umatilla, FL 32784
    County: Lake
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $383.5 mil
    Equity capital: $39.6 mil
    Deposits held in domestic offices: $334.9 mil
    Return on assets (ROA): 0.29% ($1.1 mil)
    Quarterly return on assets: 0.43% ($1.7 mil)
    Return on Equity (ROE): 2.98% ($1.2 mil)
    Quarterly return on equity: 4.26% ($1.7 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.42% ($1,610.8 mil)
    Quarterly Pretax return on assets: 0.56% ($2,147.8 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
  • 116Total employees (full-time equivalent)
  • $383,531Total assets
  • $41,545Cash and due from depository institutions
  • $35,328Interest-bearing balances
  • $36,980Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $275,309Net loans & leases
  • $7,344Loan loss allowance
  • $0Trading account assets
  • $9,684Bank premises and fixed assets
  • $6,705Other real estate owned
  • $0Goodwill and other intangibles
  • $383,531Life insurance assets
  • $13,308All other assets
  • $343,979Total liabilities and capital
  • $334,868Total liabilities
  • $0Total deposits
  • $334,868Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,425Trading liabilities
  • $0Other borrowed funds
  • $2,686Subordinated debt
  • $39,552All other liabilities
  • $39,552Total equity capital
  • $39,552Total bank equity capital
  • $0Perpetual preferred stock
  • $1,028Common stock
  • $2,060Surplus
  • $36,464Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,501Income earned, not collected on loans
  • $0Earning assets
  • $1,103Long-term assets (5+ years)
  • $347,617Average Assets, year-to-date
  • $52,954Average Assets, quarterly
  • $393,522Volatile liabilities
  • $388,004Insider loans
  • $288,290FHLB advances
  • $389,496Loans and leases held for sale
  • $5,466Unused loan commitments
  • $5,466Tier 1 (core) risk-based capital
  • $38,951Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,346Restructured Loans and leases
  • $5,391Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,841Total interest income
  • $1,992Total interest expense
  • $15,849Net interest income
  • $3,400Provision for loan and lease losses
  • $2,141Total noninterest income
  • $737Fiduciary activities
  • $890Service charges on deposit accounts
  • $0Trading account gains & fees
  • $514Additional noninterest income
  • $13,088Total noninterest expense
  • $6,843Salaries and employee benefits
  • $1,698Premises and equipment expense
  • $4,547Additional noninterest expense
  • $1,502Pre-tax net operating income
  • $153Securities gains (losses)
  • $500Applicable income taxes
  • $1,155Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,155Net income attributable to bank
  • $0Net charge-offs
  • $1,155Cash dividends
  • $3,556Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.02%Yield on earning assets
  • 0.56%Cost of funding earning assets
  • 4.46%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 3.68%Noninterest expense to earning assets
  • 0.27%Net operating income to assets
  • 0.29%Return on assets (ROA)
  • 0.42%Pretax return on assets
  • 2.98%Return on equity (ROE)
  • 2.98%Retained earnings to average equity (YTD only)
  • 1.22%Net charge-offs to loans
  • 95.61%Credit loss provision to net charge-offs
  • 1.38%Efficiency ratio
  • 72,752Assets per employee
  • 3.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.60%Loss allowance to noncurrent loans
  • 86.39%Noncurrent assets plus other real estate owned to assets
  • 3.96%Noncurrent loans to loans
  • 3.01%Net loans and leases to deposits
  • 82.21%Net loans and leases to core deposits
  • 88.79%Equity capital to assets
  • 10.31%Core capital (leverage) ratio
  • 10.00%Tier 1 risk-based capital ratio
  • 13.51%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $393,522Average earning assets
  • $38,762Average equity
  • $355,457Average 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
  • $65,370Managed Assets
  • 1Number of Accounts
  • $65,370Personal trust and agency accounts
  • $34,236Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $2,039Corporate trust and agency accounts
  • $49Investment management agency accounts
  • $29,046Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 147Number of Accounts
  • $0Personal trust and agency accounts
  • $2,039Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 13 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09773United Southern Bank750 North Central Avenue, Umatilla, FL 32784March 01, 1937Full Service Brick and Mortar
    1234030Lady Lake Branch224 Hwy 441/27, Lady Lake, FL 32159December 05, 1977Full Service Brick and Mortar
    2234031Tavares Branch1303 North New Hampshire Avenue, Tavares, FL 32778April 10, 1978Full Service Brick and Mortar
    3234032Astor Branch24510 State Road 40, Astor, FL 32102May 27, 1980Full Service Brick and Mortar
    4234033Eustis Branch2701 South Bay Street, Eustis, FL 32726April 08, 1982Full Service Brick and Mortar
    5234034Lisbon Branch10021 County Road 44-West, Leesburg, FL 34788July 31, 1989Full Service Brick and Mortar
    6234035Leesburg Branch27524 U.S. Highway 27, Leesburg, FL 34748July 09, 1990Full Service Brick and Mortar
    7234036Mount Dora Branch19010 Us Hwy 441, Mount Dora, FL 32757October 01, 1993Full Service Brick and Mortar
    9234038Lakeview Terrace Office331 Raintree Drive, Altoona, FL 32702May 01, 1998Limited Service Mobile
    10234039Downtown Leesburg Office515 W. Main St., Leesburg, FL 34748August 01, 1998Full Service Brick and Mortar
    11234040Villages Office13609 Us Hwy 441, Lady Lake, FL 32159Febuary 01, 1999Full Service Brick and Mortar
    12422885Clermont Branch1510 East Service Road 50, Clermont, FL 34711July 11, 2003Full Service Brick and Mortar
    13529961Lake Port Square Branch900 Lake Port Square Boulevard, Leesburg, FL 34748January 17, 2012Limited Service Mobile

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