The Union Bank in Evergreen, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 03, 1997

The Union Bank in Evergreen, Alabama (AL)
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The Union Bank - Overview

General
FDIC Certificate #: 1736
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Colonial Bank (#9609)
Federal Reserve ID: 593230
Date Established: January 21, 1922
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 10845
FDIC's unique #: 1148
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 03, 1997
Last Structure Change Process Date: May 06, 1997
Last Data Update: May 06, 1997
Data Source Date: April 05, 2012
Location
Address: 405 Belleville Street, Evergreen, AL 36401
County: Conecuh
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Pensacola
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Financial Summary
Total assets: $57.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$36Total assets
$54,132Cash and due from depository institutions
$3,311Interest-bearing balances
$0Securities
$27,637Federal funds sold & reverse repurchase agreements
$2,562Net loans & leases
$18,619Loan loss allowance
$770Trading account assets
$0Bank premises and fixed assets
$1,277Other real estate owned
$24Goodwill and other intangibles
$594Life insurance assets
$108All other assets
$0Total liabilities and capital
$54,132Total liabilities
$46,265Total deposits
$46,057Interest-bearing deposits
$38,147Deposits held in domestic offices
46057.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$208Total equity capital
$208Total bank equity capital
$7,867Perpetual preferred stock
$0Common stock
$46Surplus
$599Undivided profits
Memoranda
$7,222Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$676Income earned, not collected on loans
$186Earning assets
$48,818Long-term assets (5+ years)
$10,227Average Assets, year-to-date
$53,671Average Assets, quarterly
$53,451Volatile liabilities
$5,285Insider loans
$543FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,892Total risk weighted assets
$23,195Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$3,868Total interest expense
$1,672Net interest income
$2,196Provision for loan and lease losses
$798Total noninterest income
$692Fiduciary activities
$0Service charges on deposit accounts
$404Trading account gains & fees
$0Additional noninterest income
$288Total noninterest expense
$1,811Salaries and employee benefits
$899Premises and equipment expense
$495Additional noninterest expense
$417Pre-tax net operating income
$279Securities gains (losses)
$22Applicable income taxes
$264Income before extraordinary items
$37Extraordinary gains - net
$0Net income attributable to bank
$37Net charge-offs
$172Cash dividends
$23Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.99%Cost of funding earning assets
3.45%Net interest margin
4.54%Noninterest income to earning assets
1.43%Noninterest expense to earning assets
3.74%Net operating income to assets
0.04%Return on assets (ROA)
0.07%Pretax return on assets
0.56%Return on equity (ROE)
0.47%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
0.86%Credit loss provision to net charge-offs
463.95%Efficiency ratio
61,565Assets per employee
1.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
62.16%Loss allowance to loans
3.97%Loss allowance to noncurrent loans
113.91%Noncurrent assets plus other real estate owned to assets
1.29%Noncurrent loans to loans
3.49%Net loans and leases to deposits
40.43%Net loans and leases to core deposits
45.67%Equity capital to assets
14.53%Core capital (leverage) ratio
14.93%Tier 1 risk-based capital ratio
34.02%Total risk-based capital ratio
Memoranda
$35Average assets
$53,671Average earning assets
$7,957Average equity
$48,398Average loans

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