United Community Bank Mortgage Rates, Fees & Info

Raceland, LA

LEI: 549300O2UK5FUZXQJO34

Tax ID: 72-0591770

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    United Community Bank is a smaller bank specializing in Refi and Home Purchase loans. United Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Baton Rouge, Houma, New Orleans, and Hammond among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    United Community Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    121

    Origination Dollar Volume (All Markets)

    $20,755,000

    Employee count

    122

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    BATON ROUGE, LA (FHA|USDA|VA) 53 $10,265,000 $193,679 $0 0.00%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 42 $5,960,000 $141,905 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 23 $4,035,000 $175,435 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 3 $495,000 $165,000 $0 0.00%
    United Community Bank's top markets include Baton Rouge, Houma, New Orleans, and Hammond among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 121 $20,755,000 $171,529 $0 0.00%

    For 2019, United Community Bank's most frequently originated type of loan was Conventional, with 121 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 83 $13,495,000 $162,590 $0 0.00%
    Home Purchase 35 $6,865,000 $196,143 $0 0.00%
    Home Improvement 2 $350,000 $175,000 $0 0.00%
    Other 1 $45,000 $45,000 $0 0.00%

    For 2019, United Community Bank's most frequently cited loan purpose was Refi, with 83 originations. The 2nd most popular reason was Home Purchase, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 121 $20,755,000 $171,529 $0 0.00%

    For 2019, United Community Bank's most frequently cited loan duration was Other, with 121 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 55 $2,435,000 $44,273 $0 0.00%
    $100k-200k 44 $5,950,000 $135,227 $0 0.00%
    $200k-400k 15 $3,975,000 $265,000 $0 0.00%
    $1MM+ 4 $6,330,000 $1,582,500 $0 0.00%
    $600k-1MM 2 $1,570,000 $785,000 $0 0.00%
    $400k-600k 1 $495,000 $495,000 $0 0.00%

    2019 saw United Community Bank place emphasis on $100,000 or less loans with 55 originations, totaling $2,435,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 18 $1,290,000 $71,667 $0 0.00%
    $100k-150k 15 $1,145,000 $76,333 $0 0.00%
    $50k or less 12 $660,000 $55,000 $0 0.00%
    $75k-100k 7 $315,000 $45,000 $0 0.00%
    $250k+ 5 $1,525,000 $305,000 $0 0.00%
    $150k-250k 4 $400,000 $100,000 $0 0.00%

    United Community Bank lent most frequently to those with incomes in the $50k-75k range, with 18 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 121 $20,755,000 $171,529 $0 0.00%

    United Community Bank lent most frequently to those with DTI ratios of Exempt%, with 121 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 60 $15,420,000 $257,000 $0 0.00%
    White 52 $4,380,000 $84,231 $0 0.00%
    Black 6 $550,000 $91,667 $0 0.00%
    Other Asian 1 $145,000 $145,000 $0 0.00%
    Asian 1 $135,000 $135,000 $0 0.00%
    Not provided 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.38%

    United Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.04%

    United Community Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 121 $20,755,000 $171,529

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $320,000 $160,000
    Multifamily:Site-Built 5 $4,745,000 $949,000
    Single Family (1-4 Units):Manufactured 10 $250,000 $25,000
    Single Family (1-4 Units):Site-Built 104 $15,440,000 $148,462

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Conventional home mortgage Struggling to pay mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    United Community Bank 11280 Coursey Boulevard Baton Rouge, LA 70816 Full Service B&M $23,214
    United Community Bank 1227 St. Charles Street Houma, LA 70360 Full Service B&M $15,789
    United Community Bank 12328 Highway 44 Gonzales, LA 70737 Full Service B&M $90,943
    United Community Bank 13386 West Main Street Larose, LA 70373 Full Service B&M $17,956
    United Community Bank 17257 Airline Highway Prairieville, LA 70769 Full Service B&M $27,364
    United Community Bank 4626 Highway #1 Raceland, LA 70394 Full Service B&M $106,935
    United Community Bank 590 Belle Terre Blvd. La Place, LA 70068 Full Service B&M $13,262
    United Community Bank 605 North Alex Plaisance Boulevard Golden Meadow, LA 70357 Full Service B&M $33,581
    United Community Bank 6473 Highway 44, Suite 106 Gonzales, LA 70737 Full Service B&M $25,164
    United Community Bank Canal Boulevard And State Highway 308 Thibodaux, LA 70301 Full Service B&M $86,725

    For 2019, United Community Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $27,744
    Net interest income $23,860
    Total noninterest income $5,533
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,332
    Trading account gains and fees $0
    Additional Noninterest Income $4,201
    Pre-tax net operating income $10,000
    Securities gains (or losses, -) $27
    Income before extraordinary items $10,027
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,027
    Minority interest net income $0
    Net income $10,027
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $10,000

    United Community Bank's gross interest income from loans was $27,744,000.
    United Community Bank's net interest income from loans was $23,860,000.
    United Community Bank's fee based income from loans was $1,332,000.
    United Community Bank's net income from loans was $10,027,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,884
    Provision for credit losses $3,500
    Total noninterest expense $15,893
    Salaries and employee benefits $8,748
    Premises and equipment expense $2,374
    Additional noninterest expense $4,771
    Applicable income taxes $0
    Net charge-offs $1,180
    Cash dividends $0

    United Community Bank's interest expense for loans was $3,884,000.
    United Community Bank's payroll and benefits expense were $8,748,000.
    United Community Bank's property, plant and equipment expenses $2,374,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 5.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 2.0%
    All other family 1.0%
    Commercial & industrial loans 2.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $436,614
    Deposits held in domestic offices $436,614
    Deposits by Individuals, partnerships, and corporations $416,302
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $20,062
    Deposits by Commercial banks and other depository institutions in U.S. $250
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $184,289
    Demand deposits $100,288
    Nontransaction accounts $252,325
    Money market deposit accounts (MMDAs) $47,343
    Other savings deposits (excluding MMDAs) $91,946
    Total time deposits $113,036
    Total time and savings deposits $336,326
    Noninterest-bearing deposits $100,288
    Interest-bearing deposits $336,326
    Retail deposits $415,041
    IRAs and Keogh plan accounts $10,864
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $535,025
    Cash & Balances due from depository institutions $65,299
    Interest-bearing balances $52,113
    Total securities $18,052
    Federal funds sold & reverse repurchase $0
    Net loans and leases $413,311
    Loan and leases loss allowance $13,275
    Trading account assets $0
    Bank premises and fixed assets $17,405
    Other real estate owned $856
    Goodwill and other intangibles $0
    All other assets $20,102

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $535,025
    Total Liabilities $453,827
    Total deposits $436,614
    Interest-bearing deposits $336,326
    Deposits held in domestic offices $436,614
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $13,600
    Subordinated debt $0
    All other liabilities $3,613

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $413,311
    Loan and leases loss allowance $13,275
    Total loans and leases (domestic) $426,586
    All real estate loans $316,730
    Real estate loans in domestic offices $316,730
    Construction and development loans $65,370
    Residential 1-4 family construction $20,558
    Other construction, all land development and other land $44,812
    Loans secured by nonfarm nonresidential properties $182,955
    Nonfarm nonresidential secured by owner-occupied properties $64,571
    Commercial real estate & other non-farm, non-residential $118,384
    Multifamily residential real estate $3,991
    1-4 family residential loans $63,725
    Farmland loans $689
    Loans held in foreign offices $0
    Farm loans $1
    Commercial and industrial loans $106,492
    To non-U.S. addressees $0
    Loans to individuals $3,448
    Credit card loans $0
    Related Plans $132
    Consumer Auto Loans $306
    Other loans to individuals $3,010
    All other loans & leases $10
    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 $2,897
    Non 1-4 family restructured loans & leases $2,897
    Total loans and leases (foreign) $0

    United Community Bank had $413,311,000 of loans outstanding in 2019. $316,730,000 of loans were in real estate loans. $65,370,000 of loans were in development loans. $3,991,000 of loans were in multifamily mortgage loans. $63,725,000 of loans were in 1-4 family mortgage loans. $1,000 of loans were in farm loans. $0 of loans were in credit card loans. $306,000 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 283 $60,051 $212,194
    Nonfarm, nonresidential loans - <$100k 74 $2,810 $37,973
    Nonfarm, nonresidential loans - $100-250k 76 $8,518 $112,079
    Nonfarm, nonresidential loans - $250k-1MM 133 $48,723 $366,338
    Commercial & Industrial, US addressed loans - <$1MM 426 $31,734 $74,493
    Commercial & Industrial, US addressed loans - <$100k 299 $5,796 $19,385
    Commercial & Industrial, US addressed loans - $100-250k 62 $6,190 $99,839
    Commercial & Industrial, US addressed loans - $250k-1MM 65 $19,748 $303,815
    Farmland loans - <$1MM 3 $688 $229,333
    Farmland loans - $100-250k 1 $158 $158,000
    Farmland loans - $250k-1MM 2 $530 $265,000
    Agriculture operations loans - <$1MM 2 $1 $500
    Agriculture operations loans - <$100k 2 $1 $500