Union Savings and Loan Association in Connersville, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Union Savings and Loan Association in Connersville, Indiana (IN)
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Union Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 29933
    Status: Active
    Federal Reserve ID: 677970
    Date Established: August 01, 1937
    WWW: http://www.unionsla.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 4369
    FDIC's unique #: 42767
    Numeric code: 38
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: December 04, 1937
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 730 Central Avenue, Connersville, IN 47331
    County: Fayette
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Indianapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Connersville, IN (#18220)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $128.3 mil
    Equity capital: $11.6 mil
    Deposits held in domestic offices: $112.0 mil
    Return on assets (ROA): 0.16% ($0.2 mil)
    Quarterly return on assets: 0.17% ($0.2 mil)
    Return on Equity (ROE): 1.73% ($0.2 mil)
    Quarterly return on equity: 1.86% ($0.2 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.26% ($333.6 mil)
    Quarterly Pretax return on assets: 0.27% ($346.4 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
  • 40Total employees (full-time equivalent)
  • $128,311Total assets
  • $21,509Cash and due from depository institutions
  • $20,479Interest-bearing balances
  • $792Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $99,977Net loans & leases
  • $1,400Loan loss allowance
  • $0Trading account assets
  • $2,319Bank premises and fixed assets
  • $1,024Other real estate owned
  • $91Goodwill and other intangibles
  • $128,311Life insurance assets
  • $2,599All other assets
  • $116,667Total liabilities and capital
  • $111,980Total liabilities
  • $101,344Total deposits
  • $111,980Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,334Trading liabilities
  • $0Other borrowed funds
  • $353Subordinated debt
  • $11,644All other liabilities
  • $11,644Total equity capital
  • $11,644Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $11,644Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,916Income earned, not collected on loans
  • $0Earning assets
  • $382Long-term assets (5+ years)
  • $121,248Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $127,806Volatile liabilities
  • $128,553Insider loans
  • $77,911FHLB advances
  • $128,217Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,550Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,654Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,794Total interest income
  • $1,622Total interest expense
  • $4,172Net interest income
  • $720Provision for loan and lease losses
  • $975Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $975Additional noninterest income
  • $4,131Total noninterest expense
  • $2,510Salaries and employee benefits
  • $1,085Premises and equipment expense
  • $536Additional noninterest expense
  • $296Pre-tax net operating income
  • $32Securities gains (losses)
  • $128Applicable income taxes
  • $200Income before extraordinary items
  • $0Extraordinary gains - net
  • $200Net income attributable to bank
  • $0Net charge-offs
  • $200Cash dividends
  • $571Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.82%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 3.47%Net interest margin
  • 0.81%Noninterest income to earning assets
  • 3.44%Noninterest expense to earning assets
  • 0.14%Net operating income to assets
  • 0.16%Return on assets (ROA)
  • 0.26%Pretax return on assets
  • 1.73%Return on equity (ROE)
  • 1.73%Retained earnings to average equity (YTD only)
  • 0.55%Net charge-offs to loans
  • 126.09%Credit loss provision to net charge-offs
  • 1.78%Efficiency ratio
  • 80,260Assets per employee
  • 3.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.38%Loss allowance to noncurrent loans
  • 48.01%Noncurrent assets plus other real estate owned to assets
  • 3.07%Noncurrent loans to loans
  • 2.88%Net loans and leases to deposits
  • 89.28%Net loans and leases to core deposits
  • 89.28%Equity capital to assets
  • 9.07%Core capital (leverage) ratio
  • 9.01%Tier 1 risk-based capital ratio
  • 14.82%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $127,806Average earning assets
  • $11,542Average equity
  • $120,244Average 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
  • $27,509Managed Assets
  • 1Number of Accounts
  • $18,820Personal trust and agency accounts
  • $17,154Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,666Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 82Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $8,689Other retirement accounts
  • $8,457Corporate trust and agency accounts
  • $232Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Indiana Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    042767Union Savings And Loan Association730 Central Avenue, Connersville, IN 47331August 01, 1937Full Service Brick and Mortar
    1277790Greenfield Branch1986 West Main Street, Greenfield, IN 46140April 01, 1997Full Service Brick and Mortar
    2359118Connersville Branch500 West 30th Street, Connersville, IN 47331June 01, 2000Full Service Brick and Mortar

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