UBank

Headquarters

1075 Fifth Street
Jellico, TN 37762
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.40% →
1-Year CD 0.40% 1.15% →
2-Year CD 0.50% 1.26% →
5-Year CD 0.75% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

UBank is an FDIC insured institution located in Jellico, TN. It was founded in 1918 and has approximately $0.07 billion in assets.

FDIC Insured Yes
FDIC Certificate # 1693
Date Established 1918
Assets $ 66.81 million
Loans $ 45.47 million
Deposits $ 56.60 million
Capital $ 9.42 million
 

For a more detailed analysis of UBank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 6, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $10 - Learn More
Money Market
0.25% $2,500 - Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $1,000 - Learn More
6 Mo CD
0.40% $1,000 - Learn More
12 Mo CD
0.40% $1,000 - Learn More
18 Mo CD
0.50% $1,000 - Learn More
24 Mo CD
0.50% $1,000 - Learn More
36 Mo CD
0.50% $1,000 - Learn More
48 Mo CD
0.60% $1,000 - Learn More
60 Mo CD
0.75% $1,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.40% $100 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.50% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $100 - Learn MoreShow Less

Loan Rates - July 6, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for UBank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to UBank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

UBank 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:
Ashburn,Virginia


UBank Locations


Financial Details

UBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of UBank. 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
UBank U.S. Bank Average
3.87% 6.51%

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 December 31, 2019, UBank had $172,000 in non-current loans and $214,000 in owned real estate. To cover these potential losses it had $9,418,000 in equity and $563,000 in loans loss reserves. That gives it a Texas Ratio of 3.87%.

Return on Equity
UBank U.S. Bank Average
7.54% 9.41%

UBank has a Return on Equity of 7.54% versus the BestCashCow average of 9.41%. 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
UBank U.S. Bank Average
14.1% 12.82%

UBank has a Capitalization of 14.1% versus the BestCashCow average of 12.82. 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.

UBank Balance Sheet Analysis

As of December 31, 2019, UBank had assets of $66,811,000, loans of $45,465,000, and deposits of $56,602,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 6.98 million
Interest-bearing balances $ 4.02 million
Total securities $ 9.80 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 45.47 million
Loan loss allowance $ 0.56 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.21 million
Goodwill and other intangibles N.A.
All other assets $ 2.93 million
     Total Assets $ 57.39 million
LIABILITIES
Total deposits $ 56.60 million
      Interest-bearing deposits $ 47.31 million
      Deposits held in domestic offices $ 56.60 million
      % insured (estimated) 90.24%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.79 million
      Total Liabilities $ 57.39 million
      Shareholders’ Equity $ 9.42 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 3.29 million
Total Interest Expense $ 0.48 million
Net interest income $ 2.81 million
Provision for loan and lease losses $ 0.13 million
Total non interest income $ 0.52 million
Total non interest expense $ 2.47 million
Pre-tax Net Operating Income $ 0.74 million

Bank Loan Profile?

The top three loan types in UBank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Tennessee, UBank has a significantly higher percent of Small Business Loans, Construction and Development 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 27.38
Multifamily
Mortgages
2.74
Credit Card Loans 0.00
Consumer Auto Loans 2.36
Small Business Loans 22.77
Construction and Development Loans 19.52
Commercial Real Estate 25.19
Commercial and Industrial Loans 9.04
Farm Loans 0.00

Frequently Asked Questions About Ubank

Branches and Savings

Is Ubank FDIC insured?

Yes. It is covered under FDIC Certificate #1693.

Why does Ubank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Ubank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Ubank a commercial bank?

Yes

Where are Ubank locations?

See branch locations nearby.

Is Ubank open on Saturdays?

Is Ubank open on Sundays?

What time does Ubank open?

What time does Ubank close?

Are Ubank ATMs Open 24/7?

Do Ubank ATMs accept cash deposits?

Can Ubank customers use other ATMs?

Do Ubank branches have notaries?

Will Ubank notarize my document?

What address for Ubank should I put for incoming ACH transfers?

Will the Ubank branch print checks?

Do Ubank checks expire?

Does Ubank require US citizenship to open account?

Can Ubank close my account?

Does Ubank Report to credit bureaus?

Does Ubank Use Equifax?

What is Ubank's ACH Routing Number?

What is Ubank's SWIFT code?

Products

Does Ubank offer mortgages?

Compare mortgage rates here.

Does Ubank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Ubank offer personal loans?

Compare personal loan rates here.

Does Ubank offer student loans?

Will Ubank cash a check?

Will Ubank redeem a savings bond?

Does Ubank cash savings bonds?

Will Ubank cash money orders?

Can Ubank issue a money order?

Does Ubank do currency exchange?

Background on The Bank

Who owns Ubank?

How long has Ubank been around?

Can Ubank transfer to other banks?

Does Ubank have quick pay?

Does Ubank accept rolled coins?

Will Ubank accept loose change?

Where is Ubank headquarters?

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