United Southern Bank Mortgage Rates, Fees & Info
Umatilla, FL
LEI: 549300CN9XK83EUACJ34
Tax ID: 59-0489540
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Mortgage Data
Bank Data
Review & Overview
United Southern Bank is a smaller bank specializing in
various types of mortgages.
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Originations
0
Origination Dollar Volume (All Markets)
$0
Employee count
149
Complaints
| Bank Name |
Product |
Issue |
2018 CPFB Complaints |
% of Total Issues |
| UNITED COMMUNITY BANK |
Other type of mortgage |
Trouble during payment process |
1 |
25.0% |
| UNITED COMMUNITY BANK |
Other type of mortgage |
Applying for a mortgage or refinancing an existing mortgage |
1 |
25.0% |
| UNITED COMMUNITY BANK |
Other type of mortgage |
Struggling to pay mortgage |
1 |
25.0% |
| UNITED COMMUNITY BANK |
Conventional home mortgage |
Trouble during payment process |
1 |
25.0% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| United Southern Bank |
10021 County Road 44-West Leesburg, FL 34788 |
Full Service B&M
|
$18,422 |
| United Southern Bank |
1303 North New Hampshire Avenue Tavares, FL 32778 |
Full Service B&M
|
$34,447 |
| United Southern Bank |
13609 Us Hwy 441 Lady Lake, FL 32159 |
Full Service B&M
|
$19,367 |
| United Southern Bank |
1510 East Service Road 50 Clermont, FL 34711 |
Full Service B&M
|
$16,613 |
| United Southern Bank |
19010 Us Hwy 441 Mount Dora, FL 32757 |
Full Service B&M
|
$35,383 |
| United Southern Bank |
224 South Us 27 Lady Lake, FL 32159 |
Full Service B&M
|
$21,918 |
| United Southern Bank |
24510 State Road 40 Astor, FL 32102 |
Full Service B&M
|
$25,296 |
| United Southern Bank |
2701 South Bay Street Eustis, FL 32726 |
Full Service B&M
|
$75,913 |
| United Southern Bank |
27524 U.S. Highway 27 Leesburg, FL 34748 |
Full Service B&M
|
$78,392 |
| United Southern Bank |
331 Raintree Drive Altoona, FL 32702 |
Limited, Mobile/Seasonal Office
|
$6,241 |
| United Southern Bank |
515 W. Main St. Leesburg, FL 34748 |
Full Service B&M
|
$57,662 |
| United Southern Bank |
750 North Central Avenue Umatilla, FL 32784 |
Full Service B&M
|
$78,571 |
| United Southern Bank |
900 Lake Port Square Boulevard Leesburg, FL 34748 |
Limited, Mobile/Seasonal Office
|
$8,303 |
For 2018, United Southern Bank had 13 branches.
Yearly Performance Overview
Bank Income
United Southern Bank's gross interest income from loans was $19,762,000.
United Southern Bank's net interest income from loans was $18,848,000.
United Southern Bank's fee based income from loans was $701,000.
United Southern Bank's net income from loans was $5,163,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$914 |
| Provision for credit losses |
$0 |
| Total noninterest expense |
$16,032 |
| Salaries and employee benefits |
$9,278 |
| Premises and equipment expense |
$1,764 |
| Additional noninterest expense |
$4,990 |
| Applicable income taxes |
$1,621 |
| Net charge-offs |
$-38 |
| Cash dividends |
$1,376 |
United Southern Bank's interest expense for loans was $914,000.
United Southern Bank's payroll and benefits expense were $9,278,000.
United Southern Bank's property, plant and equipment expenses $1,764,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$469,417 |
| Deposits held in domestic offices |
$469,417 |
| Deposits by Individuals, partnerships, and corporations |
$446,889 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$22,528 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$0 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$56,488 |
| Demand deposits |
$34,265 |
| Nontransaction accounts |
$412,929 |
| Money market deposit accounts (MMDAs) |
$115,368 |
| Other savings deposits (excluding MMDAs) |
$270,558 |
| Total time deposits |
$27,003 |
| Total time and savings deposits |
$435,152 |
| Noninterest-bearing deposits |
$56,488 |
| Interest-bearing deposits |
$412,929 |
| Retail deposits |
$467,718 |
| IRAs and Keogh plan accounts |
$8,959 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$521,393 |
| Cash & Balances due from depository institutions |
$35,437 |
| Interest-bearing balances |
$22,805 |
| Total securities |
$161,674 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$296,043 |
| Loan and leases loss allowance |
$6,568 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$9,101 |
| Other real estate owned |
$641 |
| Goodwill and other intangibles |
$0 |
| All other assets |
$18,497 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$521,393 |
| Total Liabilities |
$474,542 |
| Total deposits |
$469,417 |
| Interest-bearing deposits |
$412,929 |
| Deposits held in domestic offices |
$469,417 |
| % insured (estimated) |
$82 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$0 |
| Subordinated debt |
$0 |
| All other liabilities |
$5,125 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$296,043 |
| Loan and leases loss allowance |
$6,568 |
| Total loans and leases (domestic) |
$302,611 |
| All real estate loans |
$277,553 |
| Real estate loans in domestic offices |
$277,553 |
| Construction and development loans |
$36,600 |
| Residential 1-4 family construction |
$4,573 |
| Other construction, all land development and other land |
$32,027 |
| Loans secured by nonfarm nonresidential properties |
$135,196 |
| Nonfarm nonresidential secured by owner-occupied properties |
$25,238 |
| Commercial real estate & other non-farm, non-residential |
$109,958 |
| Multifamily residential real estate |
$6,789 |
| 1-4 family residential loans |
$95,274 |
| Farmland loans |
$3,694 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$100 |
| Commercial and industrial loans |
$13,387 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$4,837 |
| Credit card loans |
$0 |
| Related Plans |
$0 |
| Consumer Auto Loans |
$910 |
| Other loans to individuals |
$3,927 |
| All other loans & leases |
$7,393 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$7,393 |
| 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 |
$2,247 |
| Non 1-4 family restructured loans & leases |
$1,316 |
| Total loans and leases (foreign) |
$0 |
United Southern Bank had $296,043,000 of loans outstanding in 2018. $277,553,000 of loans were in real estate loans.
$36,600,000 of loans were in development loans. $6,789,000 of loans were in multifamily mortgage loans.
$95,274,000 of loans were in 1-4 family mortgage loans. $100,000 of loans were in farm loans. $0
of loans were in credit card loans. $910,000 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 |
328 |
$71,820 |
$218,963 |
| Nonfarm, nonresidential loans - <$100k |
71 |
$3,046 |
$42,901 |
| Nonfarm, nonresidential loans - $100-250k |
114 |
$14,071 |
$123,430 |
| Nonfarm, nonresidential loans - $250k-1MM |
143 |
$54,703 |
$382,538 |
| Commercial & Industrial, US addressed loans - <$1MM |
240 |
$11,620 |
$48,417 |
| Commercial & Industrial, US addressed loans - <$100k |
177 |
$3,495 |
$19,746 |
| Commercial & Industrial, US addressed loans - $100-250k |
47 |
$4,590 |
$97,660 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
16 |
$3,535 |
$220,938 |
| Farmland loans - <$1MM |
11 |
$631 |
$57,364 |
| Farmland loans - <$100k |
7 |
$273 |
$39,000 |
| Farmland loans - $100-250k |
2 |
$246 |
$123,000 |
| Farmland loans - $250k-1MM |
2 |
$112 |
$56,000 |
| Agriculture operations loans - <$1MM |
1 |
$100 |
$100,000 |
| Agriculture operations loans - <$100k |
1 |
$100 |
$100,000 |