United Bank Mortgage Rates, Fees & Info
Springdale, AR
LEI: 549300C6XY8GTVR2TV60
Tax ID: 71-0512514
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Mortgage Data
Bank Data
Overview
United Bank is a
smaller
bank
specializing in
Home Purchase
loans.
United Bank has a high proportion of conventional loans.
They have an average proportion of FHA loans.
They have a low ratio of USDA loans.
Their top markets include Fayetteville, Fort Smith, Little Rock, Santa Fe, and Mountain Home among others. United Bank has
an above average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
Originations
611
Origination Dollar Volume (All Markets)
$165,785,000
Employee count
59
Top Markets
| Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
|
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA)
|
560
|
$152,670,000 |
$272,625 |
$0 |
0.00% |
|
Outside of Metro Areas
|
12 |
$3,240,000 |
$270,000 |
$0 |
0.00% |
|
FORT SMITH, AR-OK (FHA|USDA|VA)
|
9
|
$1,765,000 |
$196,111 |
$0 |
0.00% |
|
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA)
|
7
|
$1,705,000 |
$243,571 |
$0 |
0.00% |
|
SANTA FE, NM (FHA|USDA|VA)
|
1
|
$1,505,000 |
$1,505,000 |
$0 |
0.00% |
|
Mountain Home, AR (FHA|USDA|VA)
|
3
|
$1,015,000 |
$338,333 |
$0 |
0.00% |
|
JOPLIN, MO (FHA|USDA|VA)
|
5
|
$575,000 |
$115,000 |
$0 |
0.00% |
|
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA)
|
1
|
$545,000 |
$545,000 |
$0 |
0.00% |
|
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)
|
2
|
$530,000 |
$265,000 |
$0 |
0.00% |
|
TULSA, OK (FHA|USDA|VA)
|
1
|
$455,000 |
$455,000 |
$0 |
0.00% |
|
MEMPHIS, TN-MS-AR (FHA|USDA|VA)
|
1
|
$295,000 |
$295,000 |
$0 |
0.00% |
|
Clarksdale, MS (FHA|USDA|VA)
|
1
|
$265,000 |
$265,000 |
$0 |
0.00% |
|
JONESBORO, AR (FHA|USDA|VA)
|
2
|
$250,000 |
$125,000 |
$0 |
0.00% |
|
ALBUQUERQUE, NM (FHA|USDA|VA)
|
1
|
$245,000 |
$245,000 |
$0 |
0.00% |
|
Searcy, AR (FHA|USDA|VA)
|
1
|
$195,000 |
$195,000 |
$0 |
0.00% |
|
Russellville, AR (FHA|USDA|VA)
|
1
|
$175,000 |
$175,000 |
$0 |
0.00% |
|
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA)
|
1
|
$135,000 |
$135,000 |
$0 |
0.00% |
|
Harrison, AR (FHA|USDA|VA)
|
1
|
$125,000 |
$125,000 |
$0 |
0.00% |
|
Pittsburg, KS (FHA|USDA|VA)
|
1
|
$95,000 |
$95,000 |
$0 |
0.00% |
United Bank's top markets include Fayetteville, Fort Smith, Little Rock, Santa Fe, and Mountain Home among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
520 |
$142,000,000 |
$273,077 |
$0 |
0.00% |
| FHA |
54 |
$12,040,000 |
$222,963 |
$0 |
0.00% |
| VA |
24 |
$8,890,000 |
$370,417 |
$0 |
0.00% |
| USDA |
13 |
$2,855,000 |
$219,615 |
$0 |
0.00% |
For the 2021 period, United Bank's most frequently
originated loan type
of loans were Conventional, with 520 originations.
Their 2nd most popular type is FHA,
with 54 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Home Purchase |
456 |
$120,350,000 |
$263,925 |
$0 |
0.00% |
| Refi |
102 |
$30,920,000 |
$303,137 |
$0 |
0.00% |
| Cash Out Refi |
52 |
$14,240,000 |
$273,846 |
$0 |
0.00% |
| Other |
1 |
$275,000 |
$275,000 |
$0 |
0.00% |
For the 2021, United Bank's most frequently cited loan
purpose
of loans were Home Purchase, with 456
originations.
The 2nd most popular reason of loans were Refi,
with 102 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Other |
611 |
$165,785,000 |
$271,334 |
$0 |
0.00% |
For the 2021, United Bank's most frequently cited loan
length
of loans were Other, with 611 originations.
Origination Fees
| Origination Fee |
Originations |
Total Value |
Average Loan |
| $<1k |
1 |
$165,000 |
$165,000 |
$0 of loans were United Bank's
average total fees, while their most
frequently occuring range of origination fees were in the
$<1k bucket,
with 1 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $200k-400k |
312 |
$86,240,000 |
$276,410 |
$0 |
0.00% |
| $100k-200k |
203 |
$32,365,000 |
$159,433 |
$0 |
0.00% |
| $400k-600k |
50 |
$24,060,000 |
$481,200 |
$0 |
0.00% |
| $100,000 or less |
31 |
$1,915,000 |
$61,774 |
$0 |
0.00% |
| $600k-1MM |
8 |
$6,150,000 |
$768,750 |
$0 |
0.00% |
| $1MM+ |
7 |
$15,055,000 |
$2,150,714 |
$0 |
0.00% |
2021 saw United Bank place emphasis on
$200k-400k loans
with 312 originations, totaling
$86,240,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-150k |
147 |
$40,105,000 |
$272,823 |
$0 |
0.00% |
| $50k-75k |
107 |
$22,535,000 |
$210,607 |
$0 |
0.00% |
| $75k-100k |
97 |
$26,345,000 |
$271,598 |
$0 |
0.00% |
| $50k or less |
63 |
$10,035,000 |
$159,286 |
$0 |
0.00% |
| $150k-250k |
61 |
$17,375,000 |
$284,836 |
$0 |
0.00% |
| $250k+ |
33 |
$12,135,000 |
$367,727 |
$0 |
0.00% |
United Bank lent most frequently to those with incomes in the
$100k-150k range, with
147 originations.
The second most popular income band? $50k-75k,
with 107 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Exempt% |
611 |
$165,785,000 |
$271,334 |
$0 |
0.00% |
United Bank lent most frequently to those with DTI ratios
of Exempt%, with
611 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| White |
298 |
$72,780,000 |
$244,228 |
$0 |
0.00% |
| Not applicable |
102 |
$36,940,000 |
$362,157 |
$0 |
0.00% |
| Asian |
98 |
$27,630,000 |
$281,939 |
$0 |
0.00% |
| Not provided |
104 |
$26,160,000 |
$251,538 |
$0 |
0.00% |
| Black |
4 |
$1,000,000 |
$250,000 |
$0 |
0.00% |
| Asian Indian |
3 |
$815,000 |
$271,667 |
$0 |
0.00% |
| Native Hawaiian |
1 |
$235,000 |
$235,000 |
$0 |
0.00% |
| American Indian |
1 |
$225,000 |
$225,000 |
$0 |
0.00% |
Approval Rates
Total approvals of all applications
96.52%
United Bank has an exceptionally high approval rate. They
either target their audience
very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination
87.93%
United Bank has an average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| 0.0 |
1 |
$165,000 |
$165,000 |
| Exempt |
610 |
$165,620,000 |
$271,508 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
611 |
$165,785,000 |
$271,334 |
Complaints
| Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
| UNITED COMMUNITY BANK |
Home equity loan or line of credit (HELOC) |
Trouble during payment process |
1 |
20.0% |
| UNITED COMMUNITY BANK |
Other type of mortgage |
Applying for a mortgage or refinancing an existing mortgage |
1 |
20.0% |
| UNITED COMMUNITY BANK |
Conventional home mortgage |
Trouble during payment process |
1 |
20.0% |
| UNITED COMMUNITY BANK |
Other type of mortgage |
Trouble during payment process |
1 |
20.0% |
| UNITED COMMUNITY BANK |
Conventional home mortgage |
Applying for a mortgage or refinancing an existing mortgage |
1 |
20.0% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| United Bank |
2600 South Thompson Springdale, AR 72764 |
Full Service B&M
|
$119,869 |
| United Bank |
3333 West Walnut Rogers, AR 72756 |
Full Service B&M
|
$51,909 |
| United Bank |
607 West Emma Springdale, AR 72764 |
Full Service B&M
|
$17,318 |
| United Bank |
670 East Joyce Boulevard Fayetteville, AR 72703 |
Full Service B&M
|
$19,022 |
For 2021, United Bank had 4 branches.
Yearly Performance Overview
Bank Income
United Bank's gross interest income from loans was $10,293,000.
United Bank's net interest income from loans was $8,691,000.
United Bank's fee based income from loans was $251,000.
United Bank's net income from loans was $3,262,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$1,602 |
| Provision for credit losses |
$299 |
| Total noninterest expense |
$8,550 |
| Salaries and employee benefits |
$5,706 |
| Premises and equipment expense |
$733 |
| Additional noninterest expense |
$2,111 |
| Applicable income taxes |
$0 |
| Net charge-offs |
$-296 |
| Cash dividends |
$2,355 |
United Bank's interest expense for loans was $1,602,000.
United Bank's payroll and benefits expense were $5,706,000.
United Bank's property, plant and equipment expenses $733,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$227,347 |
| Deposits held in domestic offices |
$227,347 |
| Deposits by Individuals, partnerships, and corporations |
$220,194 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$4,665 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$2,488 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$116,018 |
| Demand deposits |
$38,549 |
| Nontransaction accounts |
$111,329 |
| Money market deposit accounts (MMDAs) |
$39,377 |
| Other savings deposits (excluding MMDAs) |
$13,587 |
| Total time deposits |
$58,365 |
| Total time and savings deposits |
$188,798 |
| Noninterest-bearing deposits |
$38,549 |
| Interest-bearing deposits |
$188,798 |
| Retail deposits |
$203,090 |
| IRAs and Keogh plan accounts |
$4,639 |
| Brokered deposits |
$15,494 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$259,252 |
| Cash & Balances due from depository institutions |
$29,524 |
| Interest-bearing balances |
$17,626 |
| Total securities |
$4,060 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$215,412 |
| Loan and leases loss allowance |
$3,022 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$7,414 |
| Other real estate owned |
$0 |
| Goodwill and other intangibles |
$0 |
| All other assets |
$2,842 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$259,252 |
| Total Liabilities |
$234,658 |
| Total deposits |
$227,347 |
| Interest-bearing deposits |
$188,798 |
| Deposits held in domestic offices |
$227,347 |
| % insured (estimated) |
$73 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$6,122 |
| Subordinated debt |
$0 |
| All other liabilities |
$1,189 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$215,412 |
| Loan and leases loss allowance |
$3,022 |
| Total loans and leases (domestic) |
$218,434 |
| All real estate loans |
$201,036 |
| Real estate loans in domestic offices |
$201,036 |
| Construction and development loans |
$43,651 |
| Residential 1-4 family construction |
$12,456 |
| Other construction, all land development and other land |
$31,195 |
| Loans secured by nonfarm nonresidential properties |
$54,705 |
| Nonfarm nonresidential secured by owner-occupied properties |
$10,130 |
| Commercial real estate & other non-farm, non-residential |
$44,575 |
| Multifamily residential real estate |
$10,863 |
| 1-4 family residential loans |
$90,082 |
| Farmland loans |
$1,735 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$0 |
| Commercial and industrial loans |
$16,334 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$1,064 |
| Credit card loans |
$0 |
| Related Plans |
$31 |
| Consumer Auto Loans |
$221 |
| Other loans to individuals |
$812 |
| All other loans & leases |
$0 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$0 |
| Loans to depository institutions and acceptances of other banks |
$0 |
| Loans not secured by real estate |
$0 |
| Loans secured by real estate to non-U.S. addressees |
$0 |
| Restructured Loans & leases |
$461 |
| Non 1-4 family restructured loans & leases |
$0 |
| Total loans and leases (foreign) |
$0 |
United Bank had $215,412,000 of loans outstanding in 2021. $201,036,000 of loans were in real estate loans.
$43,651,000 of loans were in development loans. $10,863,000 of loans were in multifamily mortgage loans.
$90,082,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0
of loans were in credit card loans. $221,000 of loans were in the auto loan category.
Small Business Loans
| Categorization |
# of Loans in Category |
$ amount of loans (in 000's) |
Average $/loan |
| Nonfarm, nonresidential loans - <$1MM |
57 |
$15,657 |
$274,684 |
| Nonfarm, nonresidential loans - <$100k |
5 |
$230 |
$46,000 |
| Nonfarm, nonresidential loans - $100-250k |
16 |
$2,091 |
$130,688 |
| Nonfarm, nonresidential loans - $250k-1MM |
36 |
$13,336 |
$370,444 |
| Commercial & Industrial, US addressed loans - <$1MM |
224 |
$15,333 |
$68,451 |
| Commercial & Industrial, US addressed loans - <$100k |
164 |
$3,835 |
$23,384 |
| Commercial & Industrial, US addressed loans - $100-250k |
43 |
$6,018 |
$139,953 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
17 |
$5,480 |
$322,353 |
| Farmland loans - <$1MM |
5 |
$144 |
$28,800 |
| Farmland loans - <$100k |
4 |
$60 |
$15,000 |
| Farmland loans - $100-250k |
1 |
$84 |
$84,000 |
