United Community Bank in Glasgow, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 31, 2004

United Community Bank in Glasgow, Kentucky (KY)
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United Community Bank - Overview

General
FDIC Certificate #: 285
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: PBI Bank (#9314)
Federal Reserve ID: 447744
Date Established: October 02, 1902
WWW: http://www.ucbky.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 11183
FDIC's unique #: 229
Numeric code: 21
Regulator: FDIC
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: January 01, 1934
Last Structure Change Effective Date: July 31, 2004
Last Structure Change Process Date: August 19, 2004
Last Data Update: August 19, 2004
Data Source Date: April 05, 2012
Location
Address: 1002 West Main Street, Glasgow, KY 42141
County: Barren
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Elizabethtown
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Glasgow, KY (#23980)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $34.5 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, 2003)

Dollar figures in thousands
25Total employees (full-time equivalent)
$38,061Total assets
$2,076Cash and due from depository institutions
$397Interest-bearing balances
$5,138Securities
$388Federal funds sold & reverse repurchase agreements
$27,083Net loans & leases
$952Loan loss allowance
$0Trading account assets
$2,025Bank premises and fixed assets
$11Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,340All other assets
$38,061Total liabilities and capital
$35,253Total liabilities
$32,237Total deposits
$26,801Interest-bearing deposits
$32,237Deposits held in domestic offices
0.00%% insured (estimated)
$100Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,776Other borrowed funds
$0Subordinated debt
$140All other liabilities
$2,808Total equity capital
$2,808Total bank equity capital
$2,808Perpetual preferred stock
$0Common stock
$222Surplus
$2,628Undivided profits
Memoranda
$-42Noncurrent loans and leases
$2,619Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$107Earning assets
$0Long-term assets (5+ years)
$275Average Assets, year-to-date
$33,006Average Assets, quarterly
$3,437Volatile liabilities
$40,271Insider loans
$39,287FHLB advances
$7,329Loans and leases held for sale
$62Unused loan commitments
$2,776Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,619Total unused commitments
$0Restructured Loans and leases
$330Derivatives

Income and Expense (December 31, 2003)

Dollar figures in thousands
$2,672Total interest income
$774Total interest expense
$1,898Net interest income
$1,354Provision for loan and lease losses
$395Total noninterest income
$0Fiduciary activities
$241Service charges on deposit accounts
$0Trading account gains & fees
$154Additional noninterest income
$2,140Total noninterest expense
$1,063Salaries and employee benefits
$416Premises and equipment expense
$661Additional noninterest expense
-$1,199Pre-tax net operating income
$4Securities gains (losses)
-$432Applicable income taxes
-$763Income before extraordinary items
$0Extraordinary gains - net
-$763Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$768Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2003)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.56%Yield on earning assets
2.19%Cost of funding earning assets
5.37%Net interest margin
1.12%Noninterest income to earning assets
6.06%Noninterest expense to earning assets
-1.90%Net operating income to assets
-1.89%Return on assets (ROA)
-2.97%Pretax return on assets
-23.62%Return on equity (ROE)
-23.62%Retained earnings to average equity (YTD only)
2.71%Net charge-offs to loans
176.30%Credit loss provision to net charge-offs
0.20%Efficiency ratio
93,328Assets per employee
1.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.40%Loss allowance to noncurrent loans
889.72%Noncurrent assets plus other real estate owned to assets
0.31%Noncurrent loans to loans
0.38%Net loans and leases to deposits
84.01%Net loans and leases to core deposits
108.30%Equity capital to assets
7.38%Core capital (leverage) ratio
6.12%Tier 1 risk-based capital ratio
9.28%Total risk-based capital ratio
Memoranda
$11Average assets
$40,271Average earning assets
$3,230Average equity
$35,321Average loans

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