# UNITED BANK&TRUST CO
VERSAILLES, KY · FDIC certificate 15608 · asset band $300M-1B · latest filing 2016-12 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $473.2M | |
| Deposits | $390.0M | |
| Loans and leases | $322.3M | |
| Total equity | $57.6M | |
| Loans / deposits | 81.73% (p45 of band) | 83.90% |
| Liquid assets / assets | 26.21% (p57 of band) | |
| Uninsured deposits / deposits | 13.33% (p20 of band) | 21.07% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 4.17% (p39 of band) | |
| FHLB advances / assets | 1.19% | |
| Tier 1 leverage | 12.38% (p83 of band) | 10.15% |
| Unrealized securities loss / equity | -2.41% (p27 of band) | -0.98% |
| AOCI / equity | -2.46% (p26 of band) | |
| ROA (annualized) | 0.46% (p13 of band) | 0.94% |
| Net interest margin | 3.52% (p44 of band) | 3.62% |
| Efficiency ratio | 91.86% (p97 of band) | |
| Noncurrent loans | 0.53% (p45 of band) | 0.61% |
| Net charge-offs (annualized) | 0.02% (p39 of band) | |
| Reserve coverage of noncurrent | 205.04% | |
| Real estate % of loans | 95% | |
| Construction % of loans | 92.53% (p87 of band) | |
| Auto loans | $97,000 (0.03% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 3.2% | |
| Employees | 124 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | wholesale funding >15%, losing money, reserve under noncurrent |  |
| 2011-06 | 5 | expense ratio p90, noncurrent p90 |  |
| 2011-09 | 4 |  | noncurrent p90 |
| 2011-12 | 5 | noncurrent p90 |  |
| 2012-03 | 4 | deposits shrinking | losing money, expense ratio p90 |
| 2012-06 | 4 | uninsured deposits leaving | deposits shrinking |
| 2012-09 | 4 | expense ratio p90 | uninsured deposits leaving |
| 2012-12 | 4 | assets shrinking | wholesale funding >15% |
| 2013-03 | 4 |  |  |
| 2013-06 | 2 |  | noncurrent p90, assets shrinking |
| 2013-09 | 4 | noncurrent p90, assets shrinking |  |
| 2013-12 | 3 |  | assets shrinking |
| 2014-03 | 4 | charge-offs p90 |  |
| 2014-06 | 3 | uninsured deposits leaving | expense ratio p90, noncurrent p90 |
| 2014-09 | 3 | expense ratio p90, deposits shrinking | reserve under noncurrent, charge-offs p90 |
| 2014-12 | 2 |  | uninsured deposits leaving |
| 2015-03 | 0 |  | expense ratio p90, deposits shrinking |
| 2015-06 | 1 | deposits shrinking |  |
| 2015-09 | 0 |  | deposits shrinking |
| 2015-12 | 0 |  |  |
| 2016-03 | 1 | expense ratio p90 |  |
| 2016-06 | 0 |  | expense ratio p90 |
| 2016-09 | 2 | expense ratio p90, assets shrinking |  |
| 2016-12 | 2 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=15608 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/56.json (key "15608", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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