United Bank & Capital Trust Company (merged into WesBanco Bank, Inc.)
United Bank & Capital Trust Company reported total assets of $1.6 bn at Q2 2018, its last Call Report before it merged into WesBanco Bank, Inc.. The CET1 capital ratio at United Bank & Capital Trust Company was 14.48%, and the uninsured share of United Bank & Capital Trust Company was 28.53%. Source: FDIC Call Reports.
Key takeaways
- Since , United Bank & Capital Trust Company has taken over 3 institutions; the latest was Citizens Bank of Northern Kentucky, Inc. on (FDIC Call Reports).
What sets United Bank & Capital Trust Company apart
How large is United Bank & Capital Trust Company?
The balance sheet of United Bank & Capital Trust Company at : assets $1.6 bn, deposits $1.4 bn, net loans $1.1 bn (loans equal to 77.48% of deposits). Securities make up 24.0% of total assets at United Bank & Capital Trust Company. Since , when United Bank & Capital Trust Company held $696.4 mn, its assets grew 128.1%. In the year to , deposits at United Bank & Capital Trust Company fell 1.2% while its total assets fell 1.9%. At , United Bank & Capital Trust Company employed 419 full-time equivalent staff across 34 offices, about $3.8 mn of assets per employee and $40.0 mn of deposits per office.
How much funding at United Bank & Capital Trust Company is uninsured?
At United Bank & Capital Trust Company, uninsured deposits (above the FDIC limit) made up 28.53% of domestic deposits at (+0.81 pp on a year earlier). In dollars, United Bank & Capital Trust Company estimated $388.2 mn of uninsured deposits.
Key facts, Q2 2018
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $1.4 bn | $1.4 bn (Q2 2017) | |
| Net loans and leases | $1.1 bn | $979.8 mn (Q2 2017) | |
| Loan-to-deposit ratio | 77.48% | 71.13% (Q2 2017) | |
| Tier 1 leverage ratio | 10.65% | 10.49% (Q2 2017) | |
| Total risk-based capital ratio | 15.32% | 15.62% (Q2 2017) | |
| Net interest margin | 3.96% | 3.67% (Q2 2017) | |
| Return on assets (ROA) | 1.48% | 0.98% (Q2 2017) | |
| Efficiency ratio | 65.28% | 69.44% (Q2 2017) | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $31,000 | Fell by $125,000 | |
| Unrealized gain/loss on available-for-sale securities | Loss of $11.1 mn | Widened by $9.4 mn | |
| Noncurrent loans to total loans | 0.39% | 0.45% (Q2 2017) | |
| Net charge-offs to average loans | -0.07% | 0.04% (Q2 2017) |
US rank of United Bank & Capital Trust Company: 1 = highest unless marked 1 = lowest.
Balance sheet
United Bank & Capital Trust Company: assets, deposits and loans
- Total assets $1.6bn
- Deposits $1.4bn
- Net loans $1.1bn
Capital and securities
The CET1 ratio of United Bank & Capital Trust Company stood at 14.48% in , -0.34 pp year on year. Low and high at United Bank & Capital Trust Company since : 14.05% () to 17.12% (). Equity capital of United Bank & Capital Trust Company at : $163.7 mn, or 10.3% of total assets. United Bank & Capital Trust Company also reported a total capital ratio of 15.32% for , and a tier 1 leverage ratio of 10.65%.
On held-to-maturity securities, United Bank & Capital Trust Company carried an unrealized gain of $31,000 at , equal to 0.0% of equity capital. The gain fell by $125,000 over the year. The available-for-sale portfolio of United Bank & Capital Trust Company showed an unrealized loss of $11.1 mn at ; the loss widened by $9.4 mn over the year.
United Bank & Capital Trust Company: capital ratios
- Total capital 15%
- CET1 14%
- Tier 1 leverage 11%
United Bank & Capital Trust Company: unrealized securities gains and losses
- Available for sale -$11mn
- Held to maturity $31,000
Profitability and loan quality
For the year to , United Bank & Capital Trust Company earned a return on equity of 14.69%; return on assets: 1.48%. Net interest margin at United Bank & Capital Trust Company: 3.96%, +0.29 pp in a year. United Bank & Capital Trust Company net income: $12.0 mn, up 48.5% year on year. The efficiency ratio of United Bank & Capital Trust Company was 65.28%: about 65 cents cost per revenue dollar, against 66 cents at the median peer.
At , noncurrent loans were 0.39% of total loans at United Bank & Capital Trust Company; net charge-offs: -0.07% of average loans. Gross loans and leases at United Bank & Capital Trust Company: $1.1 bn at , against $989.0 mn at .
United Bank & Capital Trust Company: profitability
- Return on equity 15%
- Net interest margin 4.0%
- Return on assets 1.5%
Peer group of United Bank & Capital Trust Company
The peer group of United Bank & Capital Trust Company is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of United Bank & Capital Trust Company (state member bank) and 0 have head offices in Kentucky. Against them, United Bank & Capital Trust Company shows CET1 ratio 14.48% against a peer median of 12.18%, return on equity 14.69% against a peer median of 9.05% and uninsured deposit share 28.53% against a peer median of 24.87%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Bank of New Hampshire | State member bank | NH | $1.6 bn | 10.83% | 8.04% | 14.92% | |
| Bank of Ann Arbor | State nonmember bank | MI | $1.6 bn | 10.73% | 18.73% | 44.00% | |
| Community West Bank | State nonmember bank | CA | $1.6 bn | 14.59% | 10.07% | 28.22% | |
| United Bank & Capital Trust Company | State member bank | KY | $1.6 bn | 14.48% | 14.69% | 28.53% | |
| Savings Institute Bank and Trust Company | State member bank | CT | $1.6 bn | 13.18% | 6.29% | 15.39% | |
| Community Bank of the Chesapeake | State nonmember bank | MD | $1.6 bn | 12.70% | 6.74% | 29.85% | |
| Cornerstone Bank | State member bank | NE | $1.6 bn | 11.66% | 15.71% | 21.51% | |
. FDIC Call Reports.
Last eight quarters
Two years at United Bank & Capital Trust Company, to : assets $649.1 mn to $1.6 bn, deposits $553.1 mn to $1.4 bn, equity $68.2 mn to $163.7 mn. Staff 139 to 419; offices 8 to 34.
| Metric | Q3 2016 | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $649.1 mn | $642.7 mn | $1.7 bn | $1.6 bn | $1.6 bn | $1.6 bn | $1.6 bn | $1.6 bn |
| Total deposits | $553.1 mn | $554.8 mn | $1.4 bn | $1.4 bn | $1.4 bn | $1.4 bn | $1.4 bn | $1.4 bn |
| Bank equity capital | $68.2 mn | $62.9 mn | $177.0 mn | $169.9 mn | $175.3 mn | $161.9 mn | $163.5 mn | $163.7 mn |
| CET1 ratio | 17.12% | 16.53% | 15.55% | 14.82% | 15.29% | 14.05% | 14.63% | 14.48% |
| Return on equity (ROE) | 10.17% | 9.70% | 8.14% | 9.31% | 10.28% | 6.98% | 14.05% | 14.69% |
| Uninsured share of domestic deposits | not reported | not reported | 28.09% | 27.72% | 28.57% | 30.29% | 29.37% | 28.53% |
| Full-time equivalent employees | 139 | 138 | 443 | 433 | 426 | 426 | 424 | 419 |
| Number of offices | 8 | 8 | 34 | 34 | 34 | 34 | 34 | 34 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of United Bank & Capital Trust Company, oldest first; figures before and after each event are not like for like.
- . Absorbed United Bank & Trust Company (FDIC certificate 15608).
- . Absorbed First Citizens Bank (FDIC certificate 19304).
- . Absorbed Citizens Bank of Northern Kentucky, Inc. (FDIC certificate 33846).
- . Merged into WesBanco Bank, Inc. (FDIC certificate 803).
Large one-quarter moves at United Bank & Capital Trust Company
- Total assets at United Bank & Capital Trust Company changed by +158.6% in the quarter to 2017-03-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Citizens Bank of Northern Kentucky, Inc., First Citizens Bank, United Bank & Trust Company.
Questions and identifiers
What were the total assets of United Bank & Capital Trust Company?
United Bank & Capital Trust Company reported $1.6 bn at in its Call Report.
Is United Bank & Capital Trust Company the same as its holding company?
No. This page covers United Bank & Capital Trust Company, FDIC certificate 15437; FARMERS CAPITAL BANK CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is United Bank & Capital Trust Company profitable?
United Bank & Capital Trust Company reported net income of $12.0 mn for the year to ; annualized return on equity: 14.69%. So yes: United Bank & Capital Trust Company made a profit over these months.
When is data for United Bank & Capital Trust Company next updated?
United Bank & Capital Trust Company no longer files Call Reports; its data ends at .
Where can I check the figures for United Bank & Capital Trust Company?
In the FDIC BankFind Suite record for certificate 15437, and in the Call Reports of United Bank & Capital Trust Company (RSSD ID 728742) at the FFIEC Central Data Repository.