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

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, Crestview, 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.

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Originations

176

Origination Dollar Volume (All Markets)

$32,180,000

Employee count

197

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)	86	$16,230,000	$188,721	$0	0.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA\|USDA\|VA)	33	$6,125,000	$185,606	$0	0.00%
Atmore, AL (FHA\|USDA\|VA)	26	$3,020,000	$116,154	$0	0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	2	$2,600,000	$1,300,000	$0	0.00%
Outside of Metro Areas	22	$2,420,000	$110,000	$0	0.00%
MOBILE, AL (FHA\|USDA\|VA)	4	$600,000	$150,000	$0	0.00%
TUSCALOOSA, AL (FHA\|USDA\|VA)	1	$465,000	$465,000	$0	0.00%
BIRMINGHAM-HOOVER, AL (FHA\|USDA\|VA)	1	$405,000	$405,000	$0	0.00%
PANAMA CITY, FL (FHA\|USDA\|VA)	1	$315,000	$315,000	$0	0.00%

United Bank's top markets include Daphne, Pensacola, Atmore, Crestview, 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	176	$32,180,000	$182,841	$0	0.00%

For 2020, United Bank's most frequently originated type of loan was Conventional, with 176 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	109	$23,185,000	$212,706	$0	0.00%
Refi	62	$8,620,000	$139,032	$0	0.00%
Other	3	$305,000	$101,667	$0	0.00%
Home Improvement	2	$70,000	$35,000	$0	0.00%

For 2020, United Bank's most frequently cited loan purpose was Home Purchase, with 109 originations. The 2nd most popular reason was Refi, with 62 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	176	$32,180,000	$182,841	$0	0.00%

For 2020, United Bank's most frequently cited loan duration was Other, with 176 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	67	$3,775,000	$56,343	$0	0.00%
$100k-200k	51	$7,535,000	$147,745	$0	0.00%
$200k-400k	47	$13,755,000	$292,660	$0	0.00%
$400k-600k	9	$4,085,000	$453,889	$0	0.00%
$1MM+	1	$2,165,000	$2,165,000	$0	0.00%
$600k-1MM	1	$865,000	$865,000	$0	0.00%

2020 saw United Bank place emphasis on $100,000 or less loans with 67 originations, totaling $3,775,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	43	$5,635,000	$131,047	$0	0.00%
$50k or less	32	$2,900,000	$90,625	$0	0.00%
$75k-100k	29	$4,355,000	$150,172	$0	0.00%
$100k-150k	27	$6,085,000	$225,370	$0	0.00%
$150k-250k	17	$4,245,000	$249,706	$0	0.00%
$250k+	8	$3,020,000	$377,500	$0	0.00%

United Bank lent most frequently to those with incomes in the $50k-75k range, with 43 originations. The second most popular income band? $50k or less, with 32 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	176	$32,180,000	$182,841	$0	0.00%

United Bank lent most frequently to those with DTI ratios of Exempt%, with 176 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	144	$24,030,000	$166,875	$0	0.00%
Not applicable	16	$5,060,000	$316,250	$0	0.00%
Not provided	6	$1,820,000	$303,333	$0	0.00%
American Indian	5	$835,000	$167,000	$0	0.00%
Asian	1	$235,000	$235,000	$0	0.00%
Black	4	$200,000	$50,000	$0	0.00%

Approval Rates

Total approvals of all applications
76.37%

United Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
21.59%

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	176	$32,180,000	$182,841

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	1	$345,000	$345,000
Multifamily:Site-Built	3	$1,175,000	$391,667
Single Family (1-4 Units):Manufactured	27	$2,045,000	$75,741
Single Family (1-4 Units):Site-Built	145	$28,615,000	$197,345

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 Bank	1059 W Loxley Ave Loxley, AL 36551	Full Service B&M	$18,807
United Bank	12512 County Road 49 Foley, AL 36535	Full Service B&M	$30,236
United Bank	14038 Alabama Street Jay, FL 32565	Full Service B&M	$55,667
United Bank	1588 S. Alabama Avenue Monroeville, AL 36460	Full Service B&M	$52,786
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	$274,594
United Bank	21950 Broad Street Silverhill, AL 36576	Full Service B&M	$24,883
United Bank	27555 Us Higway 98 Daphne, AL 36526	Full Service B&M	$4,390
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	$9,772
United Bank	34354 U.S. Highway 98 Lillian, AL 36549	Full Service B&M	$40,935
United Bank	3480 Schillinger Road North Semmes, AL 36575	Full Service B&M	$4,063
United Bank	3615 Hwy 90 Pace, FL 32571	Full Service B&M	$19,764
United Bank	404 Courthouse Square Bay Minette, AL 36507	Full Service B&M	$67,015
United Bank	4285 Bowden Street Frisco City, AL 36445	Full Service B&M	$53,607
United Bank	516 South Mckenzie Street Foley, AL 36535	Full Service B&M	$37,125
United Bank	5907 Berryhill Road Milton, FL 32570	Full Service B&M	$37,281
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	$9,522
United Bank	College Street And U.S. Highway 29 Flomaton, AL 36441	Full Service B&M	$22,686
United Bank	Sw 1st Street Summerdale, AL 36580	Full Service B&M	$14,794

For 2020, United Bank had 21 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$29,165
Net interest income	$26,392
Total noninterest income	$14,443
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,781
Trading account gains and fees	$0
Additional Noninterest Income	$12,662
Pre-tax net operating income	$15,007
Securities gains (or losses, -)	$211
Income before extraordinary items	$11,897
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$11,897
Minority interest net income	$0
Net income	$11,897
Sale, conversion, retirement of capital stock, net	$602
Net operating income	$11,730

United Bank's gross interest income from loans was $29,165,000.
United Bank's net interest income from loans was $26,392,000.
United Bank's fee based income from loans was $1,781,000.
United Bank's net income from loans was $11,897,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$2,773
Provision for credit losses	$2,728
Total noninterest expense	$23,100
Salaries and employee benefits	$13,943
Premises and equipment expense	$2,697
Additional noninterest expense	$6,460
Applicable income taxes	$3,321
Net charge-offs	$191
Cash dividends	$0

United Bank's interest expense for loans was $2,773,000.
United Bank's payroll and benefits expense were $13,943,000.
United Bank's property, plant and equipment expenses $2,697,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	0.0%
Real Estate loans	1.0%
Construction & Land Development loans	0.0%
Nonfarm, nonresidential loans	1.0%
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	$875,740
Deposits held in domestic offices	$875,740
Deposits by Individuals, partnerships, and corporations	$823,263
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$52,142
Deposits by Commercial banks and other depository institutions in U.S.	$335
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$597,574
Demand deposits	$492,140
Nontransaction accounts	$278,166
Money market deposit accounts (MMDAs)	$78,086
Other savings deposits (excluding MMDAs)	$83,545
Total time deposits	$116,535
Total time and savings deposits	$383,600
Noninterest-bearing deposits	$492,140
Interest-bearing deposits	$383,600
Retail deposits	$853,688
IRAs and Keogh plan accounts	$22,192
Brokered deposits	$736
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$972,073
Cash & Balances due from depository institutions	$248,607
Interest-bearing balances	$140,101
Total securities	$159,556
Federal funds sold & reverse repurchase	$0
Net loans and leases	$523,122
Loan and leases loss allowance	$7,823
Trading account assets	$0
Bank premises and fixed assets	$15,982
Other real estate owned	$157
Goodwill and other intangibles	$0
All other assets	$24,649

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$972,073
Total Liabilities	$889,466
Total deposits	$875,740
Interest-bearing deposits	$383,600
Deposits held in domestic offices	$875,740
% insured (estimated)	$62
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$8,311
Subordinated debt	$0
All other liabilities	$5,415

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$523,122
Loan and leases loss allowance	$7,823
Total loans and leases (domestic)	$530,945
All real estate loans	$286,305
Real estate loans in domestic offices	$286,305
Construction and development loans	$40,537
Residential 1-4 family construction	$8,441
Other construction, all land development and other land	$32,096
Loans secured by nonfarm nonresidential properties	$98,052
Nonfarm nonresidential secured by owner-occupied properties	$55,159
Commercial real estate & other non-farm, non-residential	$42,893
Multifamily residential real estate	$19,720
1-4 family residential loans	$87,999
Farmland loans	$39,997
Loans held in foreign offices	$0
Farm loans	$35,886
Commercial and industrial loans	$168,468
To non-U.S. addressees	$0
Loans to individuals	$20,307
Credit card loans	$2,536
Related Plans	$1,044
Consumer Auto Loans	$7,448
Other loans to individuals	$9,279
All other loans & leases	$19,979
Loans to foreign governments and official institutions	$0
Other loans	$5,177
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	$1,024
Non 1-4 family restructured loans & leases	$831
Total loans and leases (foreign)	$0

United Bank had $523,122,000 of loans outstanding in 2020. $286,305,000 of loans were in real estate loans. $40,537,000 of loans were in development loans. $19,720,000 of loans were in multifamily mortgage loans. $87,999,000 of loans were in 1-4 family mortgage loans. $35,886,000 of loans were in farm loans. $2,536,000 of loans were in credit card loans. $7,448,000 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	304	$49,173	$161,753
Nonfarm, nonresidential loans - <$100k	101	$4,625	$45,792
Nonfarm, nonresidential loans - $100-250k	104	$13,543	$130,221
Nonfarm, nonresidential loans - $250k-1MM	99	$31,005	$313,182
Commercial & Industrial, US addressed loans - <$1MM	1,406	$65,503	$46,588
Commercial & Industrial, US addressed loans - <$100k	1,189	$26,192	$22,029
Commercial & Industrial, US addressed loans - $100-250k	135	$15,818	$117,170
Commercial & Industrial, US addressed loans - $250k-1MM	82	$23,493	$286,500
Farmland loans - <$1MM	290	$27,422	$94,559
Farmland loans - <$100k	155	$6,386	$41,200
Farmland loans - $100-250k	98	$12,335	$125,867
Farmland loans - $250k-1MM	37	$8,701	$235,162
Agriculture operations loans - <$1MM	416	$22,757	$54,704
Agriculture operations loans - <$100k	307	$7,756	$25,264
Agriculture operations loans - $100-250k	70	$7,876	$112,514
Agriculture operations loans - $250k-1MM	39	$7,125	$182,692