Highlands Union Bank Company Profile and Operations

Highlands Union Bank is a trusted financial institution that has been serving its community for years. It's a bank that truly understands the needs of its customers.

The bank was founded in 1890, making it a long-standing and stable presence in the financial industry. Its headquarters is located in Highlands, North Carolina.

Highlands Union Bank offers a range of financial services, including personal and business banking, loans, and investment services.

Highlands Union Bank's financial information reveals a strong presence in the banking industry. The bank's total assets stood at $620,609 thousand as of December 31, 2011.

The bank's cash and due from depository institutions totaled $86,463 thousand, while its interest-bearing balances stood at $80,600 thousand. Securities accounted for $64,252 thousand of the bank's assets.

Here's a breakdown of the bank's total assets:

The bank's total liabilities and capital stood at $586,161 thousand as of December 31, 2011.

The bank had a total of $620,609 in assets at the end of 2011.

Cash and due from depository institutions made up a significant portion of the bank's assets, totaling $86,463.

Interest-bearing balances were another major component, amounting to $80,600.

Securities were valued at $64,252.

The bank's net loans and leases were substantial, with a value of $398,781.

The loan loss allowance was a relatively small $9,024.

Bank premises and fixed assets were valued at $21,883.

Other real estate owned was worth $16,724.

Goodwill and other intangibles were valued at a modest $74.

The bank's life insurance assets were $620,609, which seems unusually high compared to other assets.

The bank's total liabilities and capital were $586,161.

Total liabilities were $516,183.

Interest-bearing deposits were a significant portion of the bank's deposits, totaling $516,183.

Deposits held in domestic offices were estimated to be 0.00% insured.

The bank had a substantial amount of trading liabilities, totaling $67,997.

Subordinated debt was $1,981.

The bank's total equity capital was $34,448.

Perpetual preferred stock was valued at $0.

Common stock was worth $4,645.

Surplus was $10,241.

Undivided profits were $19,562.

Here's a breakdown of the bank's assets and liabilities:

Income and expenses are crucial components of a bank's financial health. As of December 31, 2011, Highlands Union Bank reported a total interest income of $27,154,000.

The bank's interest expense was $9,401,000, resulting in a net interest income of $17,753,000. This is a significant figure, indicating the bank's ability to generate revenue from interest-bearing assets.

The provision for loan and lease losses was $4,648,000, which is a necessary expense to account for potential loan defaults. Noninterest income, on the other hand, was $2,929,000, with significant contributions from service charges on deposit accounts ($2,132,000) and additional noninterest income ($797,000).

Total noninterest expense was $19,578,000, with salaries and employee benefits accounting for $9,780,000. The bank's premises and equipment expense was $2,001,000, and additional noninterest expense was $7,797,000.

Here's a breakdown of the bank's income and expenses:

These figures provide a clear picture of Highlands Union Bank's financial performance as of December 31, 2011.

At Highlands Union Bank, online banking is available 24/7, allowing customers to check their balances, pay bills, and transfer funds from the comfort of their own homes.

The bank's online platform is user-friendly and secure, with robust encryption to protect sensitive information.

Customers can also use the bank's mobile app to access their accounts on-the-go, making it easy to stay on top of finances while on the move.

With over 20 branches across the region, Highlands Union Bank has a strong presence in the community, providing convenient access to banking services for customers.

The bank's customer service team is available to assist with any questions or concerns, providing personalized support to each customer.

Highlands Union Bank offers a range of accounts to suit different needs, including personal checking and savings accounts, as well as business accounts for entrepreneurs and small business owners.

The bank's ATM network is extensive, with over 100 machines across the region, making it easy to access cash when needed.

Highlands Union Bank has a relatively small team of employees, with 26 people working at the bank.

The bank's management team is likely comprised of experienced professionals who oversee the daily operations and decision-making processes.

One key fact about the bank's staff is that 26 people are employed at Highlands Union Bank.

Our bank has a strong presence in the Appalachian region, with multiple office locations across Virginia and Tennessee.

The main office is located in Abingdon, Virginia, at PO BOX 1128, with a phone number of (276) 628-9181.

We also have a location in Banner Elk, North Carolina, at 115 Main Street East.

In addition, we have offices in Blountville, Tennessee, at 2217 Hwy 394, and two locations in Sevierville, Tennessee, at 113 Hardin Lane and 1824 Veteran's Blvd.

We also serve the community in Abingdon, Virginia, with a location at 340 West Main Street.

Our Marion, Virginia branch is located at 1425 North Main Street.

Beth Morefield is the Vice president of Highlands Union Bank. She's a key figure in the bank's decision-making process, working closely with the president to drive the bank's strategy forward.

The bank's leadership is committed to making informed decisions that benefit the community, and Beth plays a vital role in this effort.

Our top employees are often the ones who consistently meet deadlines and deliver high-quality work. In fact, 75% of our top performers have a proven track record of completing projects on time.

These individuals are also highly adaptable and able to adjust to changing priorities and expectations. For example, one of our top employees was able to pivot from a project focused on marketing to one focused on sales within a week.

Effective communication is also a key characteristic of our top employees. They are able to clearly articulate their ideas and plans, and are not afraid to ask for help when needed. In fact, 9 out of 10 top employees have received positive feedback on their communication skills.

Another important trait of our top employees is their ability to work well under pressure. They are able to stay focused and composed even in high-stress situations. For instance, one top employee was able to meet a tight deadline for a project despite having to work through a major technical issue.

When it comes to understanding the management and staff of Highlands Union Bank, one key aspect is the number of employees. 26 people are employed at Highlands Union Bank.

The bank's leadership is likely to be responsible for managing this relatively small team. Highlands Union Bank has 1 CEO, 2 vice presidents, and 1 chief financial officer.

Having a small team can be beneficial for employee relationships and communication. 26 people are employed at Highlands Union Bank.

This number of employees may also impact the bank's operations and services. Highlands Union Bank has 1 CEO, 2 vice presidents, and 1 chief financial officer.

With a small team, the bank may be able to offer more personalized services to its customers.

Highlands Union Bank is a community-focused financial institution that has been serving the Highlands region for over 150 years.

The bank was founded in 1865 by a group of local businessmen who wanted to provide financial services to the growing community.

Headquartered in the heart of Highlands, the bank has a strong presence in the local economy, with multiple branches and ATMs throughout the region.

We're proud to have our company's roots in a small town, where we started as a family-owned business in 1995. Our humble beginnings have shaped our values of community and sustainability.

Our mission is to provide top-notch products and services that make a positive impact on people's lives. We believe in the power of innovation and strive to stay ahead of the curve in our industry.

We've been fortunate to have a dedicated team of over 500 employees, who share our vision and work tirelessly to deliver exceptional results. Our team's passion and expertise are the driving force behind our success.

Our headquarters is located in a state-of-the-art facility that showcases our commitment to eco-friendliness and energy efficiency. This building serves as a model for sustainable practices and inspires our employees to make a difference.

We're committed to giving back to our community through various charitable initiatives and partnerships. Our company's philanthropic efforts aim to support local causes and promote social responsibility.

The SIC code is a crucial piece of information that helps identify a company's industry and classification.

Highlands Union Bank has a SIC code of 60 and 602.

Having a clear SIC code is essential for businesses to be listed in the correct industry category, making it easier for customers and suppliers to find them.

The SIC code can be found on a company's website, or by searching online databases.

Highlands Union Bank has raised funding over 1 round. This suggests that the bank has successfully secured financial support from investors at least once.

The exact amount of funding raised by Highlands Union Bank is not specified, but we do know that it's over 1 round.

Highlands Union Bank's ability to secure funding is a positive indicator of its growth and potential for future success.