Union Bank Of Florida
Lauderhill, FL — Domestic Branch of a Domestic Bank
Acquired Feb 2005
Vitals
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Total Assets1.0B 11.4 %
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Total Deposits683.3M 7.8 %
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Total Net Loans625.0M 14.3 %
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Net Income16.5M 61.0 %
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Book Value85.1M 26.7 %
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Book Value x2170.2M 26.7 %
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Book Value x3255.3M 26.7 %
Balance Sheet Highlights
Financial Highlights | Union Bank Of Florida | All Insured Commercial Banks in Florida |
Balance Sheet $(000) | ||
Total Assets | 1,010,886 | 223,163 |
Total Net Loans | 625,003 | 155,634 |
Total Deposits | 683,282 | 183,519 |
Total Equity | 85,094 | 20,919 |
Profitability | ||
Net Income | 16,527 | 4,479 |
Return on Average Assets | 1.702 | 1.117 |
Return on Average Equity | 21.772 | 12.484 |
Net Interest Margin | 3.896 | 4.074 |
Efficiency Ratio | 62.094 | 72.022 |
Noninterest Income/Revenue | 11.847 | 13.564 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 91.471 | 81.377 |
Securities/Assets | .312 | .425 |
Total Equity/Total Assets | .084 | .094 |
Tangible Equity/Tangible Assets | .084 | -.147 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 85,464 | 19,583 |
Tier 2 Capital | 6,345 | 1,799 |
Total Capital | 91,809 | 21,393 |
Total Risk Weighted Assets | 787,134 | 159,764 |
Leverage Ratio | 8.45 | 9.771 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 10.86 | 13.545 |
Total Capital Ratio | 11.66 | 14.66 |
Timeline for Union Bank Of Florida
Union Bank Mortgage Corporation
Union Bank Mortgage Corporation became a new subsidiary organization for Union Bank Of Florida.
View Profile Jul 16 2003Union Bank Of Florida Bank - Owned Life Insurance Trust
Union Bank Of Florida Bank - Owned Life Insurance Trust became a new subsidiary organization for Union Bank Of Florida.
View Profile Jun 03 2003Ub Financial Corporation
Ub Financial Corporation became a new parent organization for Union Bank Of Florida.
View Profile Nov 06 2000Ubfla Processing Corporation
Ubfla Processing Corporation became a new subsidiary organization for Union Bank Of Florida.
View Profile Nov 06 2000Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Colonial Bank | Buyer | 25,455,112 | Acquisition | Discontinued | 2/11/2005 |
Gold Coast Federal Savings Bank | Seller | 84,776 | Failure | 8/24/1991 |
Relationships | Role | Relationship Start | Relationship End |
Ub Financial Corporation | Parent | 11/6/2000 | 2/10/2005 |
Federal Fire And Casualty Company | Parent | 12/31/1976 | 9/30/1977 |
Federal Fire And Casualty Company | Parent | 12/31/1972 | 12/30/1976 |
Federal Fire And Casualty Company | Parent | 5/14/1971 | 12/30/1972 |
Ubfla Processing Corporation | Subsidary | 11/6/2000 | 2/10/2005 |
Union Bank Mortgage Corporation | Subsidary | 7/16/2003 | 2/10/2005 |
Union Bank Of Florida Bank - Owned Life Insurance Trust | Subsidary | 6/3/2003 | 2/10/2005 |
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