United Community Bank of West Kentucky, Inc.
Headquarters
500 N Morgan St
Morganfield, KY 42437
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2024 Overview
General Bank Information
United Community Bank of West Kentucky, Inc. is an FDIC insured institution located in Morganfield, KY. It was founded in 2001 and has approximately $0.46 billion in assets. Customers can open an account at one of its 4 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 57301 |
| Date Established | 2001 |
| Assets | $ 462.89 million |
| Loans | $ 257.19 million |
| Deposits | $ 394.64 million |
| Capital | $ 35.96 million |
For a more detailed analysis of United Community Bank of West Kentucky, Inc.'s financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - November 7, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - November 7, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for United Community Bank of West Kentucky, Inc.
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% |
6.375% 0.75 points $4,000 fees |
$1,997 | Learn More |
NMLS ID: 2578474 |
6.596% |
6.500% 0.63 points $3,210 fees |
$2,023 | Learn More |
NMLS ID: 1025894 |
6.993% |
6.875% 1.00 points $3,852 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.313% |
7.250% 0.63 points $2,000 fees |
$2,183 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR
7.490 %
After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to United Community Bank of West Kentucky, Inc.
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Branches
United Community Bank of West Kentucky, Inc. branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
United Community Bank of West Kentucky, Inc. Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 300.41 | A | View Lobby Hours | |
| 304.04 | B | View Lobby Hours | |
| 304.46 | C | View Lobby Hours | |
| 307.85 | D | View Lobby Hours | |
| 312.07 | E | View Lobby Hours |
Climate Policy and Initiatives
United Community Bank of West Kentucky, Inc. is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
United Community Bank of West Kentucky, Inc. Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of United Community Bank of West Kentucky, Inc.. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| United Community Bank of West Kentucky, Inc. | U.S. Bank Average |
|---|---|
| 0.46% | 4.48% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of June 30, 2024, United Community Bank of West Kentucky, Inc. had $181,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $35,960,000 in equity and $3,388,000 in loans loss reserves. That gives it a Texas Ratio of 0.46%.
Return on Equity
| United Community Bank of West Kentucky, Inc. | U.S. Bank Average |
|---|---|
| 12.41% | 10.46% |
United Community Bank of West Kentucky, Inc. has a Return on Equity of 12.41% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| United Community Bank of West Kentucky, Inc. | U.S. Bank Average |
|---|---|
| 7.77% | 10.84% |
United Community Bank of West Kentucky, Inc. has a Capitalization of 7.77% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
United Community Bank of West Kentucky, Inc. Balance Sheet Analysis
As of June 30, 2024, United Community Bank of West Kentucky, Inc. had assets of $462,894,000, loans of $257,192,000, and deposits of $394,640,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
June 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 8.97 million |
| Interest-bearing balances | $ 1.33 million |
| Total securities | $ 168.34 million |
| Federal funds sold and reverse repurchase | $ 0.33 million |
| Net loans and leases | $ 257.19 million |
| Loan loss allowance | $ 3.39 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 3.27 million |
| All other assets | $ 18.64 million |
| Total Assets | $ 426.93 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 394.64 million |
| Interest-bearing deposits | $ 320.98 million |
| Deposits held in domestic offices | $ 394.64 million |
| % insured (estimated) | 69.44% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 8.30 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 2.85 million |
| Total Liabilities | $ 426.93 million |
| Shareholders’ Equity | $ 35.96 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 10.43 million |
| Total Interest Expense | $ 5.17 million |
| Net interest income | $ 5.26 million |
| Provision for loan and lease losses | $ 0.02 million |
| Total non interest income | $ 1.48 million |
| Total non interest expense | $ 4.11 million |
| Pre-tax Net Operating Income | $ 3.47 million |
Bank Loan Profile?
The top three loan types in United Community Bank of West Kentucky, Inc.’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.
Compared to other banks in Kentucky, United Community Bank of West Kentucky, Inc. has a significantly higher percent of Consumer Auto Loans, Farm Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 26.16 | ✓ | ||
| Multifamily Mortgages |
0.69 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 5.70 | ✓ | ||
| Small Business Loans | 6.70 | ✓ | ||
| Construction and Development Loans | 1.00 | ✓ | ||
| Commercial Real Estate | 13.43 | ✓ | ||
| Commercial and Industrial Loans | 15.85 | ✓ | ||
| Farm Loans | 8.76 | ✓ | ||
Customer Reviews for United Community Bank of West Kentucky, Inc.
Norval Baird
April 15, 2020
There is room for improvement in any business. And UCB
Is at top of list for lack of need for improvement . They have always been at their best in terms of overall management,
firm loan management, friendly approach to customers and all other types of bank criteria. UCB is the best banking
Experience that I have ever had. Keep up the great work. An
I know you will. It’s in your HEARTS!
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