Balance Sheet

Financial Highlights
2020 FQ3 YTD
9/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Assets ($000)
Cash and Due from Banks 48,603 40,901 25,500 22,911 25,090
Fed Funds Sold 0 2,000 4,000 4,000 1,900
Deposits at Financial Institutions 104,221 55,534 15,880 26,050 18,222
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 152,824 98,435 45,380 52,961 45,212
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 127,525 121,373 130,573 143,485 160,904
Held to Maturity Securities 15,614 17,345 17,790 20,003 20,380
Other Securities NA 1,979 1,716 1,679 1,640
Total Cash & Securities NA 239,132 195,460 218,128 228,135
Gross Loans Held for Investment 551,126 455,125 409,741 347,931 299,036
Loan Loss Reserve 7,019 5,286 4,391 4,291 3,912
Loans Held for Sale, before Reserves 1,086 0 110 0 516
Total Net Loans 545,193 449,839 405,461 343,640 295,640
Real Estate Owned and Held for Investment 507 1,083 1,257 1,430 3,799
Goodwill 0 0 0 0 0
Core Deposit Intangibles 0 0 0 0 0
Other Intangibles 0 0 0 0 0
Intangible Assets other than Goodwill 0 0 0 0 0
Total Intangible Assets 0 0 0 0 0
Loan Servicing Rights 0 0 0 0 0
Credit Card Rights 0 0 0 0 0
Other Loan Servicing Rights 0 0 0 0 0
Total Servicing Rights 0 0 0 0 0
Fixed Assets 16,143 15,716 13,949 13,343 13,417
Interest Receivable 4,912 4,099 3,669 3,094 2,748
Prepaid Expense NA NA NA NA NA
Bank-owned Life Insurance 11,953 11,710 11,382 11,049 9,105
Other Assets 28,540 5,918 6,407 7,064 5,721
Total Other Assets 61,548 37,443 35,407 34,550 30,991
Total Assets 903,211 727,498 637,584 597,748 558,566
Memo: Consolidated VIE Assets NA NA NA NA NA
Memo: Covered Loans NA NA NA NA NA
Memo: Covered OREO NA NA NA NA NA
Memo: Covered Securities NA NA NA NA NA
Memo: Covered Assets NA NA NA NA NA
Liabilities ($000)
Total Deposits 770,724 619,067 573,155 537,831 505,888
FHLB Borrowings NA 7,820 117 194 344
Senior Debt 20,536 8,148 4,661 6,244 5,344
Trust Preferred (FAS 150) 10,310 10,310 10,310 10,310 10,310
Total Subordinated Debt 10,310 10,310 10,310 10,310 10,310
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 30,846 18,458 14,971 16,554 15,654
Total Other Liabilities 6,031 7,113 2,834 5,314 3,046
Total Liabilities 807,602 644,637 590,960 559,699 524,589
Memo: Consolidated VIE Liabilities NA NA NA NA NA
Mezzanine ($000)
Redeemable Preferred 0 0 0 0 0
Trust Preferred Securities 0 0 0 0 0
Total Minority Interest 0 0 0 0 0
Other Mezzanine Items 0 0 0 0 0
Total Mezzanine Level Items 0 0 0 0 0
Equity ($000)
TARP Preferred Equity 0 0 0 0 0
Other Preferred Equity 0 0 0 0 0
Total Preferred Equity 0 0 0 0 0
Common Equity 95,609 82,861 46,625 38,049 33,977
Equity Attributable to Parent Company 95,609 82,861 46,625 38,049 33,977
Noncontrolling Interests 0 0 0 0 0
Total Equity 95,609 82,861 46,625 38,049 33,977
Net Unrealized Gain 2,819 871 (2,448) (1,288) (1,931)
Tot Acc Other Comprehensive Inc 2,495 547 (2,772) (1,612) (1,937)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 61.02 62.56 64.26 58.21 53.54
Loans/ Deposits 71.51 73.52 71.49 64.69 59.11
Loan Loss Reserves/ Gross Loans 1.27 1.16 1.07 1.23 1.31
Reserves/ Loans Held For Investment 1.27 1.16 1.07 1.23 1.31
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) NA NA NA NA NA
Level 1 Assets($000) NA 0 1,957 1,975 31
Level 2 Assets($000) NA 121,373 128,617 141,510 160,873
Level 3 Assets($000) NA 3,273 3,913 2,770 2,335
Level 1 Liabilities($000) NA NA NA NA NA
Level 2 Liabilities($000) NA NA NA NA NA
Level 3 Liabilities($000) NA NA NA NA NA
FTE Employees(actual) NA 199 207 182 181
Annualized Growth Rates (%)
Asset Growth 32.20 14.10 6.66 7.01 5.37
Gross Loans HFI Growth 28.12 11.08 17.77 16.35 3.61
Deposit Growth 32.66 8.01 6.57 6.31 6.83
Average Balances ($000)
Avg Gross Loans HFI 491,712 430,421 384,158 336,572 297,121
Avg Loans HFS 870 249 225 235 384
Average Loans, Gross of Reserves 492,582 430,670 384,383 336,806 297,505
Avg Securities NA NA NA NA NA
Avg Other Int Earn Assets NA NA NA NA NA
Avg Secs & Other Int Earn Assets 225,700 182,362 174,630 223,132 218,039
Avg Interest Earning Assets 718,282 613,032 559,013 559,938 515,544
Avg Assets 816,300 686,653 627,452 585,409 554,387
Avg CDs NA NA NA NA NA
Avg Other Interest-bearing Deposits NA NA NA NA NA
Avg Interest-bearing Deposits NA NA NA NA NA
Avg Debt NA NA NA NA NA
Avg Interest-bearing Liabs NA NA NA NA NA
Avg Noninterest-bearing Deposits NA NA NA NA NA
Avg Total Deposits 698,556 598,604 566,915 528,634 496,574
Avg Preferred Equity 0 0 0 0 9,013
Avg Common Equity 89,479 68,152 41,748 36,703 34,623
Avg Equity 89,479 68,152 41,748 36,703 43,636
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.

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