United Bank Mortgage Rates, Fees & Info

Atmore, AL

LEI: 549300OPKCV6BLMDSL66

Tax ID: 63-0838750

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

Jump to:

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, Sevierville, and Mobile among others. We have data for 8 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.

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

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    208

    Origination Dollar Volume (All Markets)

    $25,800,000

    Employee count

    199

    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) 83 $10,185,000 $122,711 $0 0.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 44 $8,280,000 $188,182 $0 0.00%
    Outside of Metro Areas 45 $4,175,000 $92,778 $0 0.00%
    Atmore, AL (FHA|USDA|VA) 30 $2,610,000 $87,000 $0 0.00%
    Sevierville, TN (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    MOBILE, AL (FHA|USDA|VA) 3 $165,000 $55,000 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    United Bank's top markets include Daphne, Pensacola, Atmore, Sevierville, and Mobile among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 208 $25,800,000 $124,038 $0 0.00%

    For 2019, United Bank's most frequently originated type of loan was Conventional, with 208 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 104 $16,750,000 $161,058 $0 0.00%
    Refi 77 $7,805,000 $101,364 $0 0.00%
    Home Improvement 15 $685,000 $45,667 $0 0.00%
    Other 12 $560,000 $46,667 $0 0.00%

    For 2019, United Bank's most frequently cited loan purpose was Home Purchase, with 104 originations. The 2nd most popular reason was Refi, with 77 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 208 $25,800,000 $124,038 $0 0.00%

    For 2019, United Bank's most frequently cited loan duration was Other, with 208 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 121 $5,805,000 $47,975 $0 0.00%
    $100k-200k 45 $6,455,000 $143,444 $0 0.00%
    $200k-400k 34 $9,110,000 $267,941 $0 0.00%
    $400k-600k 5 $2,285,000 $457,000 $0 0.00%
    $600k-1MM 3 $2,145,000 $715,000 $0 0.00%

    2019 saw United Bank place emphasis on $100,000 or less loans with 121 originations, totaling $5,805,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 51 $3,005,000 $58,922 $0 0.00%
    $50k-75k 46 $5,230,000 $113,696 $0 0.00%
    $100k-150k 29 $4,635,000 $159,828 $0 0.00%
    $75k-100k 27 $2,345,000 $86,852 $0 0.00%
    $150k-250k 15 $2,405,000 $160,333 $0 0.00%
    $250k+ 8 $3,010,000 $376,250 $0 0.00%

    United Bank lent most frequently to those with incomes in the $50k or less range, with 51 originations. The second most popular income band? $50k-75k, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 208 $25,800,000 $124,038 $0 0.00%

    United Bank lent most frequently to those with DTI ratios of Exempt%, with 208 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 165 $20,655,000 $125,182 $0 0.00%
    Not applicable 22 $3,670,000 $166,818 $0 0.00%
    Black 14 $1,060,000 $75,714 $0 0.00%
    American Indian 4 $220,000 $55,000 $0 0.00%
    Asian 3 $195,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    73.65%

    United Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    43.75%

    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 208 $25,800,000 $124,038

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $1,035,000 $345,000
    Multifamily:Site-Built 3 $475,000 $158,333
    Single Family (1-4 Units):Manufactured 49 $2,415,000 $49,286
    Single Family (1-4 Units):Site-Built 153 $21,875,000 $142,974

    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 Bank 1059 W Loxley Ave Loxley, AL 36551 Full Service B&M $11,784
    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 $26,284
    United Bank 14038 Alabama Street Jay, FL 32565 Full Service B&M $45,923
    United Bank 1588 S. Alabama Avenue Monroeville, AL 36460 Full Service B&M $48,362
    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 $176,797
    United Bank 21950 Broad Street Silverhill, AL 36576 Full Service B&M $20,875
    United Bank 305 Forrest Ave East Brewton, AL 36426 Full Service B&M $0
    United Bank 30500 Highway 181, Suite 100 Spanish Fort, AL 36527 Full Service B&M $10,045
    United Bank 34354 U.S. Highway 98 Lillian, AL 36549 Full Service B&M $36,531
    United Bank 3615 Hwy 90 Pace, FL 32571 Full Service B&M $14,156
    United Bank 404 Courthouse Square Bay Minette, AL 36507 Full Service B&M $50,668
    United Bank 4285 Bowden Street Frisco City, AL 36445 Full Service B&M $53,530
    United Bank 516 South Mckenzie Street Foley, AL 36535 Full Service B&M $27,808
    United Bank 5907 Berryhill Road Milton, FL 32570 Full Service B&M $31,999
    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 $3,971
    United Bank College Street And U.S. Highway 29 Flomaton, AL 36441 Full Service B&M $20,573
    United Bank Sw 1st Street Summerdale, AL 36580 Full Service B&M $11,886

    For 2019, United Bank had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $28,109
    Net interest income $25,316
    Total noninterest income $8,806
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,331
    Trading account gains and fees $0
    Additional Noninterest Income $6,475
    Pre-tax net operating income $11,650
    Securities gains (or losses, -) $118
    Income before extraordinary items $9,230
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,230
    Minority interest net income $0
    Net income $9,230
    Sale, conversion, retirement of capital stock, net $-1,260
    Net operating income $9,136

    United Bank's gross interest income from loans was $28,109,000.
    United Bank's net interest income from loans was $25,316,000.
    United Bank's fee based income from loans was $2,331,000.
    United Bank's net income from loans was $9,230,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,793
    Provision for credit losses $1,687
    Total noninterest expense $20,785
    Salaries and employee benefits $12,564
    Premises and equipment expense $2,138
    Additional noninterest expense $6,083
    Applicable income taxes $2,538
    Net charge-offs $792
    Cash dividends $3,000

    United Bank's interest expense for loans was $2,793,000.
    United Bank's payroll and benefits expense were $12,564,000.
    United Bank's property, plant and equipment expenses $2,138,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    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 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 $627,735
    Deposits held in domestic offices $627,735
    Deposits by Individuals, partnerships, and corporations $570,504
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $57,231
    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 $379,998
    Demand deposits $280,307
    Nontransaction accounts $247,737
    Money market deposit accounts (MMDAs) $49,262
    Other savings deposits (excluding MMDAs) $63,148
    Total time deposits $135,326
    Total time and savings deposits $347,428
    Noninterest-bearing deposits $280,307
    Interest-bearing deposits $347,428
    Retail deposits $592,359
    IRAs and Keogh plan accounts $22,666
    Brokered deposits $10,777
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $711,540
    Cash & Balances due from depository institutions $81,212
    Interest-bearing balances $55,534
    Total securities $138,719
    Federal funds sold & reverse repurchase $2,000
    Net loans and leases $449,781
    Loan and leases loss allowance $5,286
    Trading account assets $0
    Bank premises and fixed assets $15,712
    Other real estate owned $1,084
    Goodwill and other intangibles $0
    All other assets $23,032

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $711,540
    Total Liabilities $643,408
    Total deposits $627,735
    Interest-bearing deposits $347,428
    Deposits held in domestic offices $627,735
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $9,492
    Subordinated debt $0
    All other liabilities $6,181

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $449,781
    Loan and leases loss allowance $5,286
    Total loans and leases (domestic) $455,067
    All real estate loans $263,351
    Real estate loans in domestic offices $263,351
    Construction and development loans $36,691
    Residential 1-4 family construction $5,099
    Other construction, all land development and other land $31,592
    Loans secured by nonfarm nonresidential properties $92,443
    Nonfarm nonresidential secured by owner-occupied properties $50,940
    Commercial real estate & other non-farm, non-residential $41,503
    Multifamily residential real estate $13,210
    1-4 family residential loans $84,935
    Farmland loans $36,072
    Loans held in foreign offices $0
    Farm loans $31,155
    Commercial and industrial loans $125,406
    To non-U.S. addressees $0
    Loans to individuals $20,462
    Credit card loans $2,656
    Related Plans $756
    Consumer Auto Loans $7,676
    Other loans to individuals $9,374
    All other loans & leases $14,694
    Loans to foreign governments and official institutions $0
    Other loans $3,268
    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 $1,012
    Non 1-4 family restructured loans & leases $931
    Total loans and leases (foreign) $0

    United Bank had $449,781,000 of loans outstanding in 2019. $263,351,000 of loans were in real estate loans. $36,691,000 of loans were in development loans. $13,210,000 of loans were in multifamily mortgage loans. $84,935,000 of loans were in 1-4 family mortgage loans. $31,155,000 of loans were in farm loans. $2,656,000 of loans were in credit card loans. $7,676,000 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 266 $44,023 $165,500
    Nonfarm, nonresidential loans - <$100k 82 $4,089 $49,866
    Nonfarm, nonresidential loans - $100-250k 95 $12,016 $126,484
    Nonfarm, nonresidential loans - $250k-1MM 89 $27,918 $313,685
    Commercial & Industrial, US addressed loans - <$1MM 677 $35,537 $52,492
    Commercial & Industrial, US addressed loans - <$100k 548 $12,919 $23,575
    Commercial & Industrial, US addressed loans - $100-250k 82 $8,837 $107,768
    Commercial & Industrial, US addressed loans - $250k-1MM 47 $13,781 $293,213
    Farmland loans - <$1MM 246 $25,661 $104,313
    Farmland loans - <$100k 128 $5,355 $41,836
    Farmland loans - $100-250k 84 $11,020 $131,190
    Farmland loans - $250k-1MM 34 $9,286 $273,118
    Agriculture operations loans - <$1MM 344 $17,073 $49,631
    Agriculture operations loans - <$100k 258 $5,713 $22,143
    Agriculture operations loans - $100-250k 55 $5,622 $102,218
    Agriculture operations loans - $250k-1MM 31 $5,738 $185,097