United Community Bank in Franklin, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 20, 2000

  • United Community Bank in Franklin, Virginia (VA)
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United Community Bank - Overview

  • General
  • FDIC Certificate #: 20386
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: F&M Bank- Atlantic (#27554)
    Federal Reserve ID: 484628
    Date Established: Febuary 04, 1971
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 8 (Interstate: No)
    OTS Docket #: 12811
    FDIC's unique #: 14045
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 01, 2000
    Last Structure Change Effective Date: October 20, 2000
    Last Structure Change Process Date: Febuary 09, 2001
    Last Data Update: Febuary 09, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 East Fourth Avenue, Franklin, VA 23851
    County: Franklin City
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $158.2 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 78Total employees (full-time equivalent)
  • $166,008Total assets
  • $10,267Cash and due from depository institutions
  • $1,653Interest-bearing balances
  • $50,648Securities
  • $12,784Federal funds sold & reverse repurchase agreements
  • $87,051Net loans & leases
  • $1,150Loan loss allowance
  • $0Trading account assets
  • $2,046Bank premises and fixed assets
  • $113Other real estate owned
  • $567Goodwill and other intangibles
  • $0Life insurance assets
  • $2,532All other assets
  • $166,008Total liabilities and capital
  • $145,443Total liabilities
  • $142,025Total deposits
  • $118,500Interest-bearing deposits
  • $142,025Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,206Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,439Other borrowed funds
  • $0Subordinated debt
  • $773All other liabilities
  • $20,565Total equity capital
  • $20,565Total bank equity capital
  • $20,565Perpetual preferred stock
  • $0Common stock
  • $857Surplus
  • $4,322Undivided profits
  • Memoranda
  • $15,386Noncurrent loans and leases
  • $12,468Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $542Earning assets
  • $0Long-term assets (5+ years)
  • $920Average Assets, year-to-date
  • $152,136Average Assets, quarterly
  • $28,271Volatile liabilities
  • $162,989Insider loans
  • $161,949FHLB advances
  • $17,542Loans and leases held for sale
  • $993Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $12,468Total unused commitments
  • $0Restructured Loans and leases
  • $1,502Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $11,412Total interest income
  • $5,093Total interest expense
  • $6,319Net interest income
  • $85Provision for loan and lease losses
  • $956Total noninterest income
  • $0Fiduciary activities
  • $762Service charges on deposit accounts
  • $0Trading account gains & fees
  • $194Additional noninterest income
  • $4,445Total noninterest expense
  • $2,325Salaries and employee benefits
  • $686Premises and equipment expense
  • $1,434Additional noninterest expense
  • $2,745Pre-tax net operating income
  • $1Securities gains (losses)
  • $564Applicable income taxes
  • $2,182Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,182Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$23Sale, conversion, retirement of capital stock, net
  • $498Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.58%Yield on earning assets
  • 3.38%Cost of funding earning assets
  • 4.20%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 2.95%Noninterest expense to earning assets
  • 1.34%Net operating income to assets
  • 1.34%Return on assets (ROA)
  • 1.68%Pretax return on assets
  • 10.74%Return on equity (ROE)
  • 8.29%Retained earnings to average equity (YTD only)
  • -0.03%Net charge-offs to loans
  • -369.57%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 60,399Assets per employee
  • 2.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 22.82%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 212.18%Noncurrent assets plus other real estate owned to assets
  • 0.45%Noncurrent loans to loans
  • 0.61%Net loans and leases to deposits
  • 61.29%Net loans and leases to core deposits
  • 69.26%Equity capital to assets
  • 12.39%Core capital (leverage) ratio
  • 12.16%Tier 1 risk-based capital ratio
  • 18.82%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $162,989Average earning assets
  • $20,309Average equity
  • $150,534Average loans

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