United Bank Mortgage Rates, Fees & Info

Springdale, AR

LEI: 549300C6XY8GTVR2TV60

Tax ID: 71-0512514

2021 Data | 2020 Data | 2019 Data | 2018 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

Item Value (in 000's)
Total interest income $10,293
Net interest income $8,691
Total noninterest income $3,420
Gross Fiduciary activities income $0
Service charges on deposit accounts $251
Trading account gains and fees $0
Additional Noninterest Income $3,169
Pre-tax net operating income $3,262
Securities gains (or losses, -) $0
Income before extraordinary items $3,262
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $3,262
Minority interest net income $0
Net income $3,262
Sale, conversion, retirement of capital stock, net $0
Net operating income $3,262

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.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

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