Sabadell United Bank (merged into Iberiabank)
Sabadell United Bank reported total assets of $5.7 bn at Q2 2017, its last Call Report before it merged into Iberiabank. The CET1 capital ratio at Sabadell United Bank was 14.90%, and the uninsured share of Sabadell United Bank was 63.82%. Source: FDIC Call Reports.
What sets Sabadell United Bank apart
Nothing in the latest data sets Sabadell United Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Sabadell United Bank?
The balance sheet of Sabadell United Bank at : assets $5.7 bn, deposits $4.4 bn, net loans $4.1 bn (loans equal to 93.12% of deposits). Securities make up 17.1% of total assets at Sabadell United Bank. Since , when Sabadell United Bank held $5.5 bn, its assets grew 3.5%. In the year to , deposits at Sabadell United Bank rose 1.7% while its total assets rose 5.1%. At , Sabadell United Bank employed 459 full-time equivalent staff across 29 offices, about $12.5 mn of assets per employee and $150.8 mn of deposits per office.
How much funding at Sabadell United Bank is uninsured?
At Sabadell United Bank, uninsured deposits (above the FDIC limit) made up 63.82% of domestic deposits at (-0.08 pp on a year earlier). In dollars, Sabadell United Bank estimated $2.8 bn of uninsured deposits.
Key facts, Q2 2017
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $4.4 bn | $4.3 bn (Q2 2016) | |
| Net loans and leases | $4.1 bn | $3.7 bn (Q2 2016) | |
| Loan-to-deposit ratio | 93.12% | 85.81% (Q2 2016) | |
| Tier 1 leverage ratio | 9.88% | 9.62% (Q2 2016) | |
| Total risk-based capital ratio | 16.06% | 15.49% (Q2 2016) | |
| Net interest margin | 3.07% | 3.09% (Q2 2016) | |
| Return on assets (ROA) | 1.01% | 0.87% (Q2 2016) | |
| Efficiency ratio | 51.27% | 55.70% (Q2 2016) | |
| Unrealized gain/loss on available-for-sale securities | Loss of $7.9 mn | Turned from a gain into a loss | |
| Noncurrent loans to total loans | 0.85% | 1.52% (Q2 2016) | |
| Net charge-offs to average loans | -0.09% | -0.03% (Q2 2016) |
US rank of Sabadell United Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Sabadell United Bank: assets, deposits and loans
- Total assets $5.7bn
- Deposits $4.4bn
- Net loans $4.1bn
Capital and securities
The CET1 ratio of Sabadell United Bank stood at 14.90% in , +0.66 pp year on year. Low and high at Sabadell United Bank since : 13.57% () to 14.90% (). Equity capital of Sabadell United Bank at : $645.7 mn, or 11.3% of total assets. Sabadell United Bank also reported a total capital ratio of 16.06% for , and a tier 1 leverage ratio of 9.88%.
The available-for-sale portfolio of Sabadell United Bank showed an unrealized loss of $7.9 mn at ; the loss turned from a gain into a loss over the year.
Sabadell United Bank: capital ratios
- Total capital 16%
- CET1 15%
- Tier 1 leverage 9.9%
Sabadell United Bank: unrealized securities gains and losses
- Available for sale -$8mn
- Held to maturity $0
Profitability and loan quality
For the year to , Sabadell United Bank earned a return on equity of 9.23%; return on assets: 1.01%. Net interest margin at Sabadell United Bank: 3.07%, -0.02 pp in a year. Sabadell United Bank net income: $29.0 mn, up 23.8% year on year. The efficiency ratio of Sabadell United Bank was 51.27%: about 51 cents cost per revenue dollar, against 63 cents at the median peer.
At , noncurrent loans were 0.85% of total loans at Sabadell United Bank; net charge-offs: -0.09% of average loans. Gross loans and leases at Sabadell United Bank: $4.1 bn at , against $3.7 bn at .
Sabadell United Bank: profitability
- Return on equity 9.2%
- Net interest margin 3.1%
- Return on assets 1.0%
Peer group of Sabadell United Bank
The peer group of Sabadell United Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of Sabadell United Bank (national bank) and 0 have head offices in Florida. Against them, Sabadell United Bank shows CET1 ratio 14.90% against a peer median of 12.30%, return on equity 9.23% against a peer median of 9.28% and uninsured deposit share 63.82% against a peer median of 28.31%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| United Bank | State member bank | WV | $6.1 bn | 12.54% | 8.68% | 26.12% | |
| First United Bank and Trust Company | State member bank | OK | $6.0 bn | 12.19% | 13.09% | 30.51% | |
| Beneficial Bank | State-chartered stock savings bank | PA | $5.8 bn | 19.74% | 3.74% | 22.82% | |
| Sabadell United Bank | National bank | FL | $5.7 bn | 14.90% | 9.23% | 63.82% | |
| Mechanics Bank | State nonmember bank | CA | $5.7 bn | 11.60% | 4.36% | 48.89% | |
| 1st Source Bank | State member bank | IN | $5.7 bn | 12.41% | 9.88% | 38.15% | |
| World's Foremost Bank | State nonmember bank | NE | $5.7 bn | 11.58% | 26.29% | 0.00% | |
. FDIC Call Reports.
Last eight quarters
Two years at Sabadell United Bank, to : assets $5.5 bn to $5.7 bn, deposits $4.3 bn to $4.4 bn, equity $592.9 mn to $645.7 mn. Staff 494 to 459.
| Metric | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | Q1 2017 | Q2 2017 |
|---|---|---|---|---|---|---|
| Total assets | $5.5 bn | $5.5 bn | $5.6 bn | $5.8 bn | $5.8 bn | $5.7 bn |
| Total deposits | $4.3 bn | $4.3 bn | $4.4 bn | $4.4 bn | $4.4 bn | $4.4 bn |
| Bank equity capital | $592.9 mn | $604.2 mn | $612.3 mn | $615.1 mn | $627.5 mn | $645.7 mn |
| CET1 ratio | 14.30% | 14.24% | 14.40% | 13.57% | 13.88% | 14.90% |
| Return on equity (ROE) | 10.08% | 7.96% | 7.76% | 8.10% | 7.54% | 9.23% |
| Uninsured share of domestic deposits | 64.20% | 63.90% | 64.20% | 64.93% | 62.78% | 63.82% |
| Full-time equivalent employees | 494 | 471 | 477 | 481 | 485 | 459 |
| Number of offices | 29 | 29 | 29 | 29 | 29 | 29 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Sabadell United Bank, oldest first; figures before and after each event are not like for like.
- . Merged into Iberiabank (FDIC certificate 28100).
Questions and identifiers
What were the total assets of Sabadell United Bank?
Sabadell United Bank reported $5.7 bn at in its Call Report.
Is Sabadell United Bank the same as its holding company?
No. This page covers Sabadell United Bank, FDIC certificate 21837; BANCO DE SABADELL SA (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Sabadell United Bank profitable?
Sabadell United Bank reported net income of $29.0 mn for the year to ; annualized return on equity: 9.23%. So yes: Sabadell United Bank made a profit over these months.
When is data for Sabadell United Bank next updated?
Sabadell United Bank no longer files Call Reports; its data ends at .
Where can I check the figures for Sabadell United Bank?
In the FDIC BankFind Suite record for certificate 21837, and in the Call Reports of Sabadell United Bank (RSSD ID 53033) at the FFIEC Central Data Repository.