United Bank Mortgage Rates, Fees & Info

Atmore, AL

LEI: 549300OPKCV6BLMDSL66

Tax ID: 63-0838750

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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 Bank is a smaller bank specializing in Home Purchase and Refi loans. United Bank has a high proportion of conventional loans. Their top markets by origination volume include: Daphne, Pensacola, Atmore, Talladega, and Mobile among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    United Bank has an average approval rate when compared to the average across all lenders. They have a below 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

    216

    Origination Dollar Volume (All Markets)

    $27,870,000

    Employee count

    207

    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
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 92 $11,170,000 $121,413 $0 0.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 30 $5,780,000 $192,667 $0 0.00%
    Outside of Metro Areas 58 $5,550,000 $95,690 $0 0.00%
    Atmore, AL (FHA|USDA|VA) 28 $3,840,000 $137,143 $0 0.00%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $655,000 $655,000 $0 0.00%
    MOBILE, AL (FHA|USDA|VA) 2 $330,000 $165,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $210,000 $105,000 $0 0.00%
    Troy, AL (FHA|USDA|VA) 2 $200,000 $100,000 $0 0.00%
    Alexander City, AL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    United Bank's top markets include Daphne, Pensacola, Atmore, Talladega, and Mobile among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 216 $27,870,000 $129,028 $0 0.00%

    For 2018, United Bank's most frequently originated type of loan was Conventional, with 216 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 127 $19,035,000 $149,882 $0 0.00%
    Refi 82 $8,380,000 $102,195 $0 0.00%
    Home Improvement 6 $430,000 $71,667 $0 0.00%
    Other 1 $25,000 $25,000 $0 0.00%

    For 2018, United Bank's most frequently cited loan purpose was Home Purchase, with 127 originations. The 2nd most popular reason was Refi, with 82 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 216 $27,870,000 $129,028 $0 0.00%

    For 2018, United Bank's most frequently cited loan duration was Other, with 216 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 118 $5,870,000 $49,746 $0 0.00%
    $100k-200k 55 $8,315,000 $151,182 $0 0.00%
    $200k-400k 38 $10,280,000 $270,526 $0 0.00%
    $400k-600k 2 $830,000 $415,000 $0 0.00%
    $600k-1MM 2 $1,310,000 $655,000 $0 0.00%
    $1MM+ 1 $1,265,000 $1,265,000 $0 0.00%

    2018 saw United Bank place emphasis on $100,000 or less loans with 118 originations, totaling $5,870,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 61 $3,795,000 $62,213 $0 0.00%
    $50k-75k 39 $4,135,000 $106,026 $0 0.00%
    $100k-150k 34 $6,300,000 $185,294 $0 0.00%
    $75k-100k 33 $4,225,000 $128,030 $0 0.00%
    $150k-250k 16 $3,020,000 $188,750 $0 0.00%
    $250k+ 13 $3,365,000 $258,846 $0 0.00%

    United Bank lent most frequently to those with incomes in the $50k or less range, with 61 originations. The second most popular income band? $50k-75k, with 39 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 216 $27,870,000 $129,028 $0 0.00%

    United Bank lent most frequently to those with DTI ratios of Exempt%, with 216 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 172 $20,900,000 $121,512 $0 0.00%
    Not applicable 18 $2,930,000 $162,778 $0 0.00%
    Not provided 6 $1,620,000 $270,000 $0 0.00%
    Black 9 $935,000 $103,889 $0 0.00%
    American Indian 5 $755,000 $151,000 $0 0.00%
    Vietnamese 2 $370,000 $185,000 $0 0.00%
    Asian Indian 1 $185,000 $185,000 $0 0.00%
    Asian 3 $175,000 $58,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    76.96%

    United Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    47.22%

    United Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 216 $27,870,000 $129,028

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $455,000 $151,667
    Multifamily:Site-Built 5 $2,205,000 $441,000
    Single Family (1-4 Units):Manufactured 38 $1,960,000 $51,579
    Single Family (1-4 Units):Site-Built 170 $23,250,000 $136,765

    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 Conventional home 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%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    United Bank 1059 W Loxley Ave Loxley, AL 36551 Full Service B&M $12,138
    United Bank 1120 Main Street Greensboro, AL 36744 Full Service B&M $0
    United Bank 12512 County Road 49 Foley, AL 36535 Full Service B&M $24,078
    United Bank 14038 Alabama Street Jay, FL 32565 Full Service B&M $46,524
    United Bank 1588 S. Alabama Avenue Monroeville, AL 36460 Full Service B&M $49,174
    United Bank 164 Lindbert Avenue Atmore, AL 36502 Full Service B&M $0
    United Bank 200 East Nashville Avenue Atmore, AL 36502 Full Service B&M $171,951
    United Bank 21950 Broad Street Silverhill, AL 36576 Full Service B&M $21,977
    United Bank 30500 Highway 181, Suite 100 Spanish Fort, AL 36527 Full Service B&M $14,824
    United Bank 34354 U.S. Highway 98 Lillian, AL 36549 Full Service B&M $37,593
    United Bank 3615 Hwy 90 Pace, FL 32571 Full Service B&M $19,096
    United Bank 404 Courthouse Square Bay Minette, AL 36507 Full Service B&M $47,363
    United Bank 4285 Bowden Street Frisco City, AL 36445 Full Service B&M $52,338
    United Bank 516 South Mckenzie Street Foley, AL 36535 Full Service B&M $26,277
    United Bank 5907 Berryhill Road Milton, FL 32570 Full Service B&M $32,955
    United Bank 615 Mcmeans Avenue Bay Minette, AL 36507 Full Service B&M $0
    United Bank 821 Douglas Avenue Brewton, AL 36426 Full Service B&M $1,778
    United Bank College Street And U.S. Highway 29 Flomaton, AL 36441 Full Service B&M $21,974
    United Bank Sw 1st Street Summerdale, AL 36580 Full Service B&M $12,018

    For 2018, United Bank had 19 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $24,044
    Net interest income $22,132
    Total noninterest income $10,398
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,172
    Trading account gains and fees $0
    Additional Noninterest Income $8,226
    Pre-tax net operating income $12,301
    Securities gains (or losses, -) $-82
    Income before extraordinary items $9,490
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,490
    Minority interest net income $0
    Net income $9,490
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,554

    United Bank's gross interest income from loans was $24,044,000.
    United Bank's net interest income from loans was $22,132,000.
    United Bank's fee based income from loans was $2,172,000.
    United Bank's net income from loans was $9,490,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,912
    Provision for credit losses $1,128
    Total noninterest expense $19,101
    Salaries and employee benefits $11,617
    Premises and equipment expense $1,803
    Additional noninterest expense $5,681
    Applicable income taxes $2,729
    Net charge-offs $1,029
    Cash dividends $1,500

    United Bank's interest expense for loans was $1,912,000.
    United Bank's payroll and benefits expense were $11,617,000.
    United Bank's property, plant and equipment expenses $1,803,000.

    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 0.0%
    Nonfarm, nonresidential loans 2.0%
    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 1.0%
    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 $576,959
    Deposits held in domestic offices $576,959
    Deposits by Individuals, partnerships, and corporations $530,434
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $46,212
    Deposits by Commercial banks and other depository institutions in U.S. $313
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $350,728
    Demand deposits $261,993
    Nontransaction accounts $226,231
    Money market deposit accounts (MMDAs) $46,890
    Other savings deposits (excluding MMDAs) $60,546
    Total time deposits $118,794
    Total time and savings deposits $314,966
    Noninterest-bearing deposits $261,993
    Interest-bearing deposits $314,967
    Retail deposits $553,207
    IRAs and Keogh plan accounts $22,115
    Brokered deposits $9,510
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $637,856
    Cash & Balances due from depository institutions $42,125
    Interest-bearing balances $15,880
    Total securities $148,363
    Federal funds sold & reverse repurchase $4,000
    Net loans and leases $405,358
    Loan and leases loss allowance $4,391
    Trading account assets $0
    Bank premises and fixed assets $13,949
    Other real estate owned $1,473
    Goodwill and other intangibles $0
    All other assets $22,588

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $637,856
    Total Liabilities $580,013
    Total deposits $576,959
    Interest-bearing deposits $314,967
    Deposits held in domestic offices $576,959
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $117
    Subordinated debt $0
    All other liabilities $2,937

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $405,358
    Loan and leases loss allowance $4,391
    Total loans and leases (domestic) $409,749
    All real estate loans $237,282
    Real estate loans in domestic offices $237,282
    Construction and development loans $23,586
    Residential 1-4 family construction $5,992
    Other construction, all land development and other land $17,594
    Loans secured by nonfarm nonresidential properties $86,113
    Nonfarm nonresidential secured by owner-occupied properties $53,941
    Commercial real estate & other non-farm, non-residential $32,172
    Multifamily residential real estate $6,064
    1-4 family residential loans $82,240
    Farmland loans $39,279
    Loans held in foreign offices $0
    Farm loans $34,264
    Commercial and industrial loans $104,006
    To non-U.S. addressees $0
    Loans to individuals $19,680
    Credit card loans $2,373
    Related Plans $561
    Consumer Auto Loans $5,988
    Other loans to individuals $10,758
    All other loans & leases $14,517
    Loans to foreign governments and official institutions $0
    Other loans $3,261
    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 $1,030
    Non 1-4 family restructured loans & leases $947
    Total loans and leases (foreign) $0

    United Bank had $405,358,000 of loans outstanding in 2018. $237,282,000 of loans were in real estate loans. $23,586,000 of loans were in development loans. $6,064,000 of loans were in multifamily mortgage loans. $82,240,000 of loans were in 1-4 family mortgage loans. $34,264,000 of loans were in farm loans. $2,373,000 of loans were in credit card loans. $5,988,000 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 253 $44,633 $176,415
    Nonfarm, nonresidential loans - <$100k 74 $3,665 $49,527
    Nonfarm, nonresidential loans - $100-250k 92 $11,646 $126,587
    Nonfarm, nonresidential loans - $250k-1MM 87 $29,322 $337,034
    Commercial & Industrial, US addressed loans - <$1MM 590 $28,836 $48,875
    Commercial & Industrial, US addressed loans - <$100k 489 $11,248 $23,002
    Commercial & Industrial, US addressed loans - $100-250k 62 $6,092 $98,258
    Commercial & Industrial, US addressed loans - $250k-1MM 39 $11,496 $294,769
    Farmland loans - <$1MM 236 $26,936 $114,136
    Farmland loans - <$100k 117 $5,269 $45,034
    Farmland loans - $100-250k 83 $11,620 $140,000
    Farmland loans - $250k-1MM 36 $10,047 $279,083
    Agriculture operations loans - <$1MM 379 $20,987 $55,375
    Agriculture operations loans - <$100k 279 $6,235 $22,348
    Agriculture operations loans - $100-250k 57 $5,804 $101,825
    Agriculture operations loans - $250k-1MM 43 $8,948 $208,093