United Community Bank Mortgage Rates, Fees & Info

Raceland, LA

LEI: 549300O2UK5FUZXQJO34

Tax ID: 72-0591770

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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, Hammond, Houma, New Orleans, and Lafayette among others. We have data for 6 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

    107

    Origination Dollar Volume (All Markets)

    $17,995,000

    Employee count

    119

    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) 55 $10,965,000 $199,364 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 3 $2,755,000 $918,333 $0 0.00%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 28 $2,400,000 $85,714 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 19 $1,525,000 $80,263 $0 0.00%
    Outside of Metro Areas 1 $295,000 $295,000 $0 0.00%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    United Community Bank's top markets include Baton Rouge, Hammond, Houma, New Orleans, and Lafayette 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 107 $17,995,000 $168,178 $0 0.00%

    For 2021, United Community Bank's most frequently originated type of loan was Conventional, with 107 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 79 $9,505,000 $120,316 $0 0.00%
    Home Purchase 25 $8,365,000 $334,600 $0 0.00%
    Other 2 $110,000 $55,000 $0 0.00%
    Home Improvement 1 $15,000 $15,000 $0 0.00%

    For 2021, United Community Bank's most frequently cited loan purpose was Refi, with 79 originations. The 2nd most popular reason was Home Purchase, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 107 $17,995,000 $168,178 $0 0.00%

    For 2021, United Community Bank's most frequently cited loan duration was Other, with 107 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 59 $2,985,000 $50,593 $0 0.00%
    $100k-200k 21 $2,655,000 $126,429 $0 0.00%
    $200k-400k 19 $5,285,000 $278,158 $0 0.00%
    $400k-600k 5 $2,755,000 $551,000 $0 0.00%
    $1MM+ 2 $3,610,000 $1,805,000 $0 0.00%
    $600k-1MM 1 $705,000 $705,000 $0 0.00%

    2021 saw United Community Bank place emphasis on $100,000 or less loans with 59 originations, totaling $2,985,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $1,255,000 $96,538 $0 0.00%
    $50k-75k 13 $645,000 $49,615 $0 0.00%
    $50k or less 13 $725,000 $55,769 $0 0.00%
    $150k-250k 8 $530,000 $66,250 $0 0.00%
    $75k-100k 6 $340,000 $56,667 $0 0.00%
    $250k+ 5 $1,315,000 $263,000 $0 0.00%

    United Community Bank lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $50k-75k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 107 $17,995,000 $168,178 $0 0.00%

    United Community Bank lent most frequently to those with DTI ratios of Exempt%, with 107 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 49 $13,185,000 $269,082 $0 0.00%
    White 53 $3,945,000 $74,434 $0 0.00%
    Not provided 2 $590,000 $295,000 $0 0.00%
    Black 3 $275,000 $91,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.21%

    United Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.46%

    United Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 107 $17,995,000 $168,178

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    107 $17,995,000 $168,178

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    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 Other type of mortgage Trouble during payment process 1 20.0%
    UNITED COMMUNITY BANK Conventional home mortgage Trouble during payment process 1 20.0%

    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 $30,750
    United Community Bank 1227 St. Charles Street Houma, LA 70360 Full Service B&M $25,146
    United Community Bank 12328 Highway 44 Gonzales, LA 70737 Full Service B&M $106,119
    United Community Bank 13386 West Main Street Larose, LA 70373 Full Service B&M $22,348
    United Community Bank 17257 Airline Highway Prairieville, LA 70769 Full Service B&M $36,510
    United Community Bank 4626 Highway #1 Raceland, LA 70394 Full Service B&M $124,304
    United Community Bank 590 Belle Terre Blvd. La Place, LA 70068 Full Service B&M $12,964
    United Community Bank 605 North Alex Plaisance Boulevard Golden Meadow, LA 70357 Full Service B&M $40,636
    United Community Bank 6473 Highway 44, Suite 106 Gonzales, LA 70737 Full Service B&M $28,374
    United Community Bank Canal Boulevard And State Highway 308 Thibodaux, LA 70301 Full Service B&M $93,758

    For 2021, United Community Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,699
    Net interest income $23,252
    Total noninterest income $7,236
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $711
    Trading account gains and fees $0
    Additional Noninterest Income $6,525
    Pre-tax net operating income $11,394
    Securities gains (or losses, -) $0
    Income before extraordinary items $11,394
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,394
    Minority interest net income $0
    Net income $11,394
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,394

    United Community Bank's gross interest income from loans was $25,699,000.
    United Community Bank's net interest income from loans was $23,252,000.
    United Community Bank's fee based income from loans was $711,000.
    United Community Bank's net income from loans was $11,394,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,447
    Provision for credit losses $1,300
    Total noninterest expense $17,794
    Salaries and employee benefits $9,921
    Premises and equipment expense $2,867
    Additional noninterest expense $5,006
    Applicable income taxes $0
    Net charge-offs $1,004
    Cash dividends $6,365

    United Community Bank's interest expense for loans was $2,447,000.
    United Community Bank's payroll and benefits expense were $9,921,000.
    United Community Bank's property, plant and equipment expenses $2,867,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 3.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 2.0%
    All other family 2.0%
    Commercial & industrial loans 1.0%
    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 $607,362
    Deposits held in domestic offices $607,362
    Deposits by Individuals, partnerships, and corporations $585,509
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $21,603
    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 $344,347
    Demand deposits $226,194
    Nontransaction accounts $263,015
    Money market deposit accounts (MMDAs) $62,775
    Other savings deposits (excluding MMDAs) $113,856
    Total time deposits $86,384
    Total time and savings deposits $381,168
    Noninterest-bearing deposits $226,194
    Interest-bearing deposits $381,168
    Retail deposits $591,205
    IRAs and Keogh plan accounts $9,940
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $708,038
    Cash & Balances due from depository institutions $185,113
    Interest-bearing balances $174,008
    Total securities $50,774
    Federal funds sold & reverse repurchase $0
    Net loans and leases $432,268
    Loan and leases loss allowance $13,296
    Trading account assets $0
    Bank premises and fixed assets $16,146
    Other real estate owned $2,066
    Goodwill and other intangibles $0
    All other assets $21,671

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $708,038
    Total Liabilities $618,756
    Total deposits $607,362
    Interest-bearing deposits $381,168
    Deposits held in domestic offices $607,362
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $6,400
    Subordinated debt $0
    All other liabilities $4,994

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $432,268
    Loan and leases loss allowance $13,296
    Total loans and leases (domestic) $445,564
    All real estate loans $314,944
    Real estate loans in domestic offices $314,944
    Construction and development loans $70,091
    Residential 1-4 family construction $21,486
    Other construction, all land development and other land $48,605
    Loans secured by nonfarm nonresidential properties $191,375
    Nonfarm nonresidential secured by owner-occupied properties $68,819
    Commercial real estate & other non-farm, non-residential $122,556
    Multifamily residential real estate $5,531
    1-4 family residential loans $47,527
    Farmland loans $420
    Loans held in foreign offices $0
    Farm loans $712
    Commercial and industrial loans $127,820
    To non-U.S. addressees $0
    Loans to individuals $2,425
    Credit card loans $0
    Related Plans $82
    Consumer Auto Loans $323
    Other loans to individuals $2,020
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    United Community Bank had $432,268,000 of loans outstanding in 2021. $314,944,000 of loans were in real estate loans. $70,091,000 of loans were in development loans. $5,531,000 of loans were in multifamily mortgage loans. $47,527,000 of loans were in 1-4 family mortgage loans. $712,000 of loans were in farm loans. $0 of loans were in credit card loans. $323,000 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 227 $49,394 $217,595
    Nonfarm, nonresidential loans - <$100k 54 $2,293 $42,463
    Nonfarm, nonresidential loans - $100-250k 56 $5,910 $105,536
    Nonfarm, nonresidential loans - $250k-1MM 117 $41,191 $352,060
    Commercial & Industrial, US addressed loans - <$1MM 458 $34,732 $75,834
    Commercial & Industrial, US addressed loans - <$100k 322 $6,239 $19,376
    Commercial & Industrial, US addressed loans - $100-250k 67 $6,698 $99,970
    Commercial & Industrial, US addressed loans - $250k-1MM 69 $21,795 $315,870
    Farmland loans - <$1MM 2 $420 $210,000
    Farmland loans - $250k-1MM 2 $420 $210,000
    Agriculture operations loans - <$1MM 1 $16 $16,000
    Agriculture operations loans - <$100k 1 $16 $16,000