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 5 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    113

    Origination Dollar Volume (All Markets)

    $20,705,000

    Employee count

    117

    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) 43 $7,845,000 $182,442 $0 0.00%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 43 $7,075,000 $164,535 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 23 $4,955,000 $215,435 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 2 $490,000 $245,000 $0 0.00%
    Outside of Metro Areas 2 $340,000 $170,000 $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)
  • Mississippi (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 113 $20,705,000 $183,230 $0 0.00%

    For 2020, United Community Bank's most frequently originated type of loan was Conventional, with 113 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 85 $13,615,000 $160,176 $0 0.00%
    Home Purchase 27 $6,865,000 $254,259 $0 0.00%
    Home Improvement 1 $225,000 $225,000 $0 0.00%

    For 2020, United Community Bank's most frequently cited loan purpose was Refi, with 85 originations. The 2nd most popular reason was Home Purchase, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 113 $20,705,000 $183,230 $0 0.00%

    For 2020, United Community Bank's most frequently cited loan duration was Other, with 113 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 61 $2,505,000 $41,066 $0 0.00%
    $100k-200k 26 $3,680,000 $141,538 $0 0.00%
    $200k-400k 16 $4,200,000 $262,500 $0 0.00%
    $1MM+ 4 $7,240,000 $1,810,000 $0 0.00%
    $400k-600k 4 $1,830,000 $457,500 $0 0.00%
    $600k-1MM 2 $1,250,000 $625,000 $0 0.00%

    2020 saw United Community Bank place emphasis on $100,000 or less loans with 61 originations, totaling $2,505,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 17 $745,000 $43,824 $0 0.00%
    $150k-250k 14 $1,940,000 $138,571 $0 0.00%
    $100k-150k 11 $655,000 $59,545 $0 0.00%
    $250k+ 7 $1,225,000 $175,000 $0 0.00%
    $50k or less 7 $295,000 $42,143 $0 0.00%
    $75k-100k 7 $515,000 $73,571 $0 0.00%

    United Community Bank lent most frequently to those with incomes in the $50k-75k range, with 17 originations. The second most popular income band? $150k-250k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 113 $20,705,000 $183,230 $0 0.00%

    United Community Bank lent most frequently to those with DTI ratios of Exempt%, with 113 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 48 $14,870,000 $309,792 $0 0.00%
    White 56 $4,660,000 $83,214 $0 0.00%
    Black 8 $730,000 $91,250 $0 0.00%
    Not provided 1 $445,000 $445,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.97%

    United Community 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
    94.69%

    United Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 113 $20,705,000 $183,230

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $315,000 $315,000
    Multifamily:Site-Built 7 $6,345,000 $906,429
    Single Family (1-4 Units):Manufactured 4 $190,000 $47,500
    Single Family (1-4 Units):Site-Built 101 $13,855,000 $137,178

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Conventional home mortgage Trouble during payment process 3 50.0%
    UNITED COMMUNITY BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    UNITED COMMUNITY BANK Conventional home mortgage Closing on a mortgage 1 16.7%
    UNITED COMMUNITY BANK Home equity loan or line of credit (HELOC) Incorrect information on your report 1 16.7%

    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 $34,716
    United Community Bank 1227 St. Charles Street Houma, LA 70360 Full Service B&M $18,993
    United Community Bank 12328 Highway 44 Gonzales, LA 70737 Full Service B&M $103,839
    United Community Bank 13386 West Main Street Larose, LA 70373 Full Service B&M $19,996
    United Community Bank 17257 Airline Highway Prairieville, LA 70769 Full Service B&M $31,153
    United Community Bank 4626 Highway #1 Raceland, LA 70394 Full Service B&M $121,234
    United Community Bank 590 Belle Terre Blvd. La Place, LA 70068 Full Service B&M $15,502
    United Community Bank 605 North Alex Plaisance Boulevard Golden Meadow, LA 70357 Full Service B&M $39,770
    United Community Bank 6473 Highway 44, Suite 106 Gonzales, LA 70737 Full Service B&M $25,761
    United Community Bank Canal Boulevard And State Highway 308 Thibodaux, LA 70301 Full Service B&M $90,208

    For 2020, United Community Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $26,467
    Net interest income $22,989
    Total noninterest income $3,342
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $810
    Trading account gains and fees $0
    Additional Noninterest Income $2,532
    Pre-tax net operating income $8,939
    Securities gains (or losses, -) $179
    Income before extraordinary items $9,118
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,118
    Minority interest net income $0
    Net income $9,118
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,939

    United Community Bank's gross interest income from loans was $26,467,000.
    United Community Bank's net interest income from loans was $22,989,000.
    United Community Bank's fee based income from loans was $810,000.
    United Community Bank's net income from loans was $9,118,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,478
    Provision for credit losses $855
    Total noninterest expense $16,537
    Salaries and employee benefits $9,325
    Premises and equipment expense $2,336
    Additional noninterest expense $4,876
    Applicable income taxes $0
    Net charge-offs $1,130
    Cash dividends $0

    United Community Bank's interest expense for loans was $3,478,000.
    United Community Bank's payroll and benefits expense were $9,325,000.
    United Community Bank's property, plant and equipment expenses $2,336,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 4.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 3.0%
    All other family 2.0%
    Commercial & industrial loans 3.0%
    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 $490,267
    Deposits held in domestic offices $490,267
    Deposits by Individuals, partnerships, and corporations $469,769
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $20,248
    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 $239,201
    Demand deposits $143,293
    Nontransaction accounts $251,066
    Money market deposit accounts (MMDAs) $51,544
    Other savings deposits (excluding MMDAs) $100,019
    Total time deposits $99,503
    Total time and savings deposits $346,974
    Noninterest-bearing deposits $143,293
    Interest-bearing deposits $346,974
    Retail deposits $469,402
    IRAs and Keogh plan accounts $10,136
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $592,807
    Cash & Balances due from depository institutions $74,528
    Interest-bearing balances $62,393
    Total securities $45,998
    Federal funds sold & reverse repurchase $0
    Net loans and leases $431,804
    Loan and leases loss allowance $13,000
    Trading account assets $0
    Bank premises and fixed assets $16,802
    Other real estate owned $2,045
    Goodwill and other intangibles $0
    All other assets $21,630

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $592,807
    Total Liabilities $507,633
    Total deposits $490,267
    Interest-bearing deposits $346,974
    Deposits held in domestic offices $490,267
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $13,600
    Subordinated debt $0
    All other liabilities $3,766

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $431,804
    Loan and leases loss allowance $13,000
    Total loans and leases (domestic) $444,804
    All real estate loans $300,018
    Real estate loans in domestic offices $300,018
    Construction and development loans $62,430
    Residential 1-4 family construction $19,607
    Other construction, all land development and other land $42,823
    Loans secured by nonfarm nonresidential properties $177,239
    Nonfarm nonresidential secured by owner-occupied properties $66,980
    Commercial real estate & other non-farm, non-residential $110,259
    Multifamily residential real estate $7,736
    1-4 family residential loans $52,135
    Farmland loans $478
    Loans held in foreign offices $0
    Farm loans $28
    Commercial and industrial loans $141,741
    To non-U.S. addressees $0
    Loans to individuals $2,572
    Credit card loans $0
    Related Plans $98
    Consumer Auto Loans $308
    Other loans to individuals $2,166
    All other loans & leases $544
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    United Community Bank had $431,804,000 of loans outstanding in 2020. $300,018,000 of loans were in real estate loans. $62,430,000 of loans were in development loans. $7,736,000 of loans were in multifamily mortgage loans. $52,135,000 of loans were in 1-4 family mortgage loans. $28,000 of loans were in farm loans. $0 of loans were in credit card loans. $308,000 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 261 $57,357 $219,759
    Nonfarm, nonresidential loans - <$100k 67 $3,558 $53,104
    Nonfarm, nonresidential loans - $100-250k 66 $7,650 $115,909
    Nonfarm, nonresidential loans - $250k-1MM 128 $46,149 $360,539
    Commercial & Industrial, US addressed loans - <$1MM 680 $58,042 $85,356
    Commercial & Industrial, US addressed loans - <$100k 487 $16,055 $32,967
    Commercial & Industrial, US addressed loans - $100-250k 100 $11,851 $118,510
    Commercial & Industrial, US addressed loans - $250k-1MM 93 $30,136 $324,043
    Farmland loans - <$1MM 2 $477 $238,500
    Farmland loans - $250k-1MM 2 $477 $238,500
    Agriculture operations loans - <$1MM 1 $28 $28,000
    Agriculture operations loans - <$100k 1 $28 $28,000