United Bank Mortgage Rates, Fees & Info
Atmore, ALLEI: 549300OPKCV6BLMDSL66
Tax ID: 63-0838750
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Mortgage Data
Bank 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, Troy, and Crestview 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
193Origination Dollar Volume (All Markets)
$40,315,000Employee count
193Top 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) | 90 | $17,290,000 | $192,111 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 43 | $11,535,000 | $268,256 | $0 | 0.00% |
| Atmore, AL (FHA|USDA|VA) | 23 | $3,665,000 | $159,348 | $0 | 0.00% |
| Outside of Metro Areas | 24 | $2,360,000 | $98,333 | $0 | 0.00% |
| Troy, AL (FHA|USDA|VA) | 1 | $1,885,000 | $1,885,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,580,000 | $790,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 8 | $1,140,000 | $142,500 | $0 | 0.00% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 193 | $40,315,000 | $208,886 | $0 | 0.00% |
For 2021, United Bank's most frequently originated type of loan was Conventional, with 193 originations.
Loan Reason
For 2021, United Bank's most frequently cited loan purpose was Home Purchase, with 117 originations. The 2nd most popular reason was Refi, with 64 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 193 | $40,315,000 | $208,886 | $0 | 0.00% |
For 2021, United Bank's most frequently cited loan duration was Other, with 193 originations.
Loan Sizing
2021 saw United Bank place emphasis on $200k-400k loans with 64 originations, totaling $17,290,000 in origination value.
Applicant Income
United Bank lent most frequently to those with incomes in the $50k-75k range, with 41 originations. The second most popular income band? $100k-150k, with 38 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 193 | $40,315,000 | $208,886 | $0 | 0.00% |
United Bank lent most frequently to those with DTI ratios of Exempt%, with 193 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.55%
United Bank has a below average approval rate.
Pick Rate
Approvals leading to origination38.86%
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 | 193 | $40,315,000 | $208,886 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| 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 | Conventional home mortgage | Trouble during payment process | 1 | 20.0% |
| UNITED COMMUNITY BANK | Other type of mortgage | Trouble during payment process | 1 | 20.0% |
| UNITED COMMUNITY BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| United Bank | 4285 Bowden Street Frisco City, AL 36445 | Full Service B&M | $57,041 |
| United Bank | 1059 W Loxley Ave Loxley, AL 36551 | Full Service B&M | $29,326 |
| United Bank | 12512 County Road 49 Foley, AL 36535 | Full Service B&M | $34,402 |
| United Bank | 14038 Alabama Street Jay, FL 32565 | Full Service B&M | $61,257 |
| United Bank | 1588 S. Alabama Avenue Monroeville, AL 36460 | Full Service B&M | $61,346 |
| 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 | $278,116 |
| United Bank | 21950 Broad Street Silverhill, AL 36576 | Full Service B&M | $33,589 |
| United Bank | 27555 Us Higway 98 Daphne, AL 36526 | Full Service B&M | $9,773 |
| 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 | $11,418 |
| United Bank | 34354 U.S. Highway 98 Lillian, AL 36549 | Full Service B&M | $46,774 |
| United Bank | 3480 Schillinger Road North Semmes, AL 36575 | Full Service B&M | $18,915 |
| United Bank | 3615 Hwy 90 Pace, FL 32571 | Full Service B&M | $29,584 |
| United Bank | 404 Courthouse Square Bay Minette, AL 36507 | Full Service B&M | $72,837 |
| United Bank | 516 South Mckenzie Street Foley, AL 36535 | Full Service B&M | $56,154 |
| United Bank | 5907 Berryhill Road Milton, FL 32570 | Full Service B&M | $46,863 |
| 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 | $12,730 |
| United Bank | College Street And U.S. Highway 29 Flomaton, AL 36441 | Full Service B&M | $25,996 |
| United Bank | Sw 1st Street Summerdale, AL 36580 | Full Service B&M | $18,535 |
For 2021, United Bank had 21 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $33,463 |
| Net interest income | $30,907 |
| Total noninterest income | $18,051 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,796 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $16,255 |
| Pre-tax net operating income | $21,667 |
| Securities gains (or losses, -) | $84 |
| Income before extraordinary items | $16,815 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $16,815 |
| Minority interest net income | $0 |
| Net income | $16,815 |
| Sale, conversion, retirement of capital stock, net | $-757 |
| Net operating income | $16,748 |
United Bank's gross interest income from loans was $33,463,000.
United Bank's net interest income from loans was $30,907,000.
United Bank's fee based income from loans was $1,796,000.
United Bank's net income from loans was $16,815,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,556 |
| Provision for credit losses | $1,493 |
| Total noninterest expense | $25,798 |
| Salaries and employee benefits | $14,410 |
| Premises and equipment expense | $3,232 |
| Additional noninterest expense | $8,156 |
| Applicable income taxes | $4,936 |
| Net charge-offs | $-437 |
| Cash dividends | $0 |
United Bank's interest expense for loans was $2,556,000.
United Bank's payroll and benefits expense were $14,410,000.
United Bank's property, plant and equipment expenses $3,232,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 2.0% |
| Construction & Land Development loans | 7.0% |
| 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 | 2.0% |
| 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 | $867,746 |
| Deposits held in domestic offices | $867,746 |
| Deposits by Individuals, partnerships, and corporations | $784,624 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $82,964 |
| Deposits by Commercial banks and other depository institutions in U.S. | $158 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $536,459 |
| Demand deposits | $404,947 |
| Nontransaction accounts | $331,287 |
| Money market deposit accounts (MMDAs) | $109,494 |
| Other savings deposits (excluding MMDAs) | $110,489 |
| Total time deposits | $111,304 |
| Total time and savings deposits | $462,799 |
| Noninterest-bearing deposits | $404,947 |
| Interest-bearing deposits | $462,800 |
| Retail deposits | $845,240 |
| IRAs and Keogh plan accounts | $22,476 |
| Brokered deposits | $157,772 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $976,897 |
| Cash & Balances due from depository institutions | $107,714 |
| Interest-bearing balances | $71,126 |
| Total securities | $244,472 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $584,379 |
| Loan and leases loss allowance | $9,753 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $15,012 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $25,320 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $976,897 |
| Total Liabilities | $881,779 |
| Total deposits | $867,746 |
| Interest-bearing deposits | $462,800 |
| Deposits held in domestic offices | $867,746 |
| % insured (estimated) | $71 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $11,395 |
| Subordinated debt | $0 |
| All other liabilities | $2,638 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $584,379 |
| Loan and leases loss allowance | $9,753 |
| Total loans and leases (domestic) | $594,132 |
| All real estate loans | $326,585 |
| Real estate loans in domestic offices | $326,585 |
| Construction and development loans | $67,757 |
| Residential 1-4 family construction | $12,666 |
| Other construction, all land development and other land | $55,091 |
| Loans secured by nonfarm nonresidential properties | $109,658 |
| Nonfarm nonresidential secured by owner-occupied properties | $69,356 |
| Commercial real estate & other non-farm, non-residential | $40,302 |
| Multifamily residential real estate | $18,287 |
| 1-4 family residential loans | $86,237 |
| Farmland loans | $44,646 |
| Loans held in foreign offices | $0 |
| Farm loans | $35,581 |
| Commercial and industrial loans | $181,034 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $20,460 |
| Credit card loans | $2,301 |
| Related Plans | $1,126 |
| Consumer Auto Loans | $8,231 |
| Other loans to individuals | $8,802 |
| All other loans & leases | $30,471 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $5,534 |
| 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 | $1,083 |
| Non 1-4 family restructured loans & leases | $810 |
| Total loans and leases (foreign) | $0 |
United Bank had $584,379,000 of loans outstanding in 2021. $326,585,000 of loans were in real estate loans. $67,757,000 of loans were in development loans. $18,287,000 of loans were in multifamily mortgage loans. $86,237,000 of loans were in 1-4 family mortgage loans. $35,581,000 of loans were in farm loans. $2,301,000 of loans were in credit card loans. $8,231,000 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 | 313 | $54,991 | $175,690 |
| Nonfarm, nonresidential loans - <$100k | 94 | $4,600 | $48,936 |
| Nonfarm, nonresidential loans - $100-250k | 103 | $12,822 | $124,485 |
| Nonfarm, nonresidential loans - $250k-1MM | 116 | $37,569 | $323,871 |
| Commercial & Industrial, US addressed loans - <$1MM | 904 | $55,773 | $61,696 |
| Commercial & Industrial, US addressed loans - <$100k | 705 | $18,289 | $25,942 |
| Commercial & Industrial, US addressed loans - $100-250k | 120 | $13,268 | $110,567 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 79 | $24,216 | $306,532 |
| Farmland loans - <$1MM | 299 | $29,087 | $97,281 |
| Farmland loans - <$100k | 164 | $7,224 | $44,049 |
| Farmland loans - $100-250k | 97 | $12,553 | $129,412 |
| Farmland loans - $250k-1MM | 38 | $9,310 | $245,000 |
| Agriculture operations loans - <$1MM | 385 | $21,410 | $55,610 |
| Agriculture operations loans - <$100k | 280 | $7,883 | $28,154 |
| Agriculture operations loans - $100-250k | 68 | $7,213 | $106,074 |
| Agriculture operations loans - $250k-1MM | 37 | $6,314 | $170,649 |