United Southern Bank

Established in 1937

About United Southern Bank

United Southern Bank was established on 1937. The bank's headquarters are located at 750 North Central Avenue in Umatilla, Florida.

United Southern Bank is an FDIC insured bank with FDIC number 15465 managing assets to the value of $680,695 as of 12/31/2020.

United Southern Bank has a Texas ratio of 6.29%.
The bank Texas Ratio is an indicator of the bank's health developed at RBC Capital Markets to measure a financial institution's credit troubles. The lower the Texas Ratio, the healthier the bank.

About the Bank

6.29%
Texas Ratio
FDIC Certificate #

15465

Active Insured Since #

1/3/1937

Financial Profile

Dollar figures in thousands (000's)

As of 12/31/2020
Total Assets $680,695
Equity Capital $62,000
Total Deposits $612,974
Total Liabilities $618,695
Total Securities $206,766
Net Loans And Leases $348,976
Loan Loss Allowance $9,094
Total Loans And Leases $360,339
YTD (as of 12/31/2020)
Return On Assets 0.92%
Return On Equity 9.48%
Total Interest Income $22,218
Total Interest Expense $715
Total Non Interest Income $4,321
Total Non Interest Expense $16,795

Headquarters

750 North Central Avenue 32784, Umatilla

United Southern Bank branches near me

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Total Loans and Leases Statistics

Total Loans and Leases $360,339 In thousands (000's) * All data provided by fdic.gov updated 12/31/2020

United Southern Bank Mortgage Loans Profile

Classic Bank

76.02%

Application Approval Rate

Classic Bank

$179,615

Average Mortgage Loan Amount

Classic Bank

171

Number of Loan Applications

Classic Bank

$133,051

Average Income of Applicants with Approved Loans

Classic Bank

0.00%

Average Cost of Loans

Classic Bank

0.00%

Average Debt to Income Ratio

* All data provided by the Home Mortgage Disclosure Act, at cfpb.gov updated 12/31/2019

Distribution of Mortgage Loans

Top Counties by Number of Mortgage Loan Applications

1 Lake

Number of Loan Applications
129
Average Loan Amount
$177,079
Approval Rate
78.29%
Average Income of Approved Loans’ Applicants
$131,697

2 Marion

Number of Loan Applications
14
Average Loan Amount
$192,500
Approval Rate
57.14%
Average Income of Approved Loans’ Applicants
$110,125

3 Volusia

Number of Loan Applications
8
Average Loan Amount
$147,500
Approval Rate
100.00%
Average Income of Approved Loans’ Applicants
$104,833

4 Orange

Number of Loan Applications
6
Average Loan Amount
$185,000
Approval Rate
83.33%
Average Income of Approved Loans’ Applicants
$202,500

5 Sumter

Number of Loan Applications
5
Average Loan Amount
$75,000
Approval Rate
40.00%
Average Income of Approved Loans’ Applicants
$0

6 Citrus

Number of Loan Applications
2
Average Loan Amount
$125,000
Approval Rate
50.00%
Average Income of Approved Loans’ Applicants
$152,000

Top States by Number of Mortgage Loan Applications

1 Florida

Number of Loan Applications
169
Average Loan Amount
$175,625
Approval Rate
75.74%
Average Income of Approved Loans’ Applicants
$132,802

2 Georgia

Number of Loan Applications
1
Average Loan Amount
$95,000
Approval Rate
100.00%
Average Income of Approved Loans’ Applicants
$80,000

3 North Carolina

Number of Loan Applications
1
Average Loan Amount
$775,000
Approval Rate
100.00%
Average Income of Approved Loans’ Applicants
$210,000