Balance Sheet

Financial Highlights
3/31/2017
3/31/2018
6/30/2018
12/31/2018
Assets ($000)
Cash and Due from Banks NA 23,539 26,448 NA
Fed Funds Sold NA 4,000 4,000 NA
Deposits at Financial Institutions NA 31,746 44,661 NA
Securities Purchased, to Resell NA 0 0 NA
Other Cash & Cash Equivalents NA 0 0 NA
Cash and Cash Equivalents 49,384 59,285 75,109 47,439
Trading Account Securities 0 0 0 0
Available for Sale Securities NA NA 130,343 NA
Held to Maturity Securities NA NA 18,914 NA
Other Securities NA NA NA NA
Total Cash & Securities NA NA NA NA
Gross Loans Held for Investment 321,823 362,616 391,015 409,631
Loan Loss Reserve 4,043 3,812 4,093 4,281
Loans Held for Sale, before Reserves 217 144 380 110
Total Net Loans 317,997 358,948 387,302 405,460
Real Estate Owned and Held for Investment 3,893 NA 1,672 1,257
Goodwill 0 0 0 0
Core Deposit Intangibles 0 0 0 0
Other Intangibles 0 0 0 0
Intangible Assets other than Goodwill 0 0 0 0
Total Intangible Assets 0 0 0 0
Loan Servicing Rights 0 0 0 0
Credit Card Rights 0 0 0 0
Other Loan Servicing Rights 0 0 0 0
Total Servicing Rights 0 0 0 0
Fixed Assets 13,238 13,394 13,436 13,949
Interest Receivable NA 2,705 3,030 NA
Prepaid Expense NA NA NA NA
Bank-owned Life Insurance NA NA 11,215 NA
Other Assets 19,344 19,328 10,094 21,105
Total Other Assets 32,582 35,427 37,776 35,054
Total Assets 572,927 608,347 651,116 639,609
Memo: Consolidated VIE Assets NA NA NA NA
Memo: Covered Loans NA NA NA NA
Memo: Covered OREO NA NA NA NA
Memo: Covered Securities NA NA NA NA
Memo: Covered Assets NA NA NA NA
Liabilities ($000)
Total Deposits 518,600 551,992 588,767 576,900
FHLB Borrowings NA 175 NA NA
Senior Debt NA 5,066 4,930 NA
Trust Preferred (FAS 150) 10,310 10,310 10,310 10,310
Total Subordinated Debt 10,310 10,310 10,310 10,310
Redeemable Financial Instruments (FAS 150) 0 0 0 0
Total Debt NA 15,376 15,240 NA
Total Other Liabilities NA 2,910 4,188 NA
Total Liabilities 537,711 570,279 608,196 592,986
Memo: Consolidated VIE Liabilities NA NA NA NA
Mezzanine ($000)
Redeemable Preferred 0 0 0 0
Trust Preferred Securities 0 0 0 0
Total Minority Interest 0 0 0 0
Other Mezzanine Items 0 0 0 0
Total Mezzanine Level Items 0 0 0 0
Equity ($000)
TARP Preferred Equity 0 0 0 0
Other Preferred Equity 0 0 0 0
Total Preferred Equity 0 0 0 0
Common Equity 35,216 38,069 42,920 46,623
Equity Attributable to Parent Company 35,216 38,069 42,920 46,623
Noncontrolling Interests 0 0 0 0
Total Equity 35,216 38,069 42,920 46,623
Net Unrealized Gain NA NA NA (2,772)
Tot Acc Other Comprehensive Inc (1,709) (3,127) (3,611) (2,772)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 56.17 59.61 60.05 64.04
Loans/ Deposits 62.06 65.69 66.41 71.01
Loan Loss Reserves/ Gross Loans 1.26 1.05 1.05 1.04
Reserves/ Loans Held For Investment 1.26 1.05 1.05 1.05
One Year Gap/ Assets NA NA NA NA
1-4 Loans Serviced for Others($000) NA NA NA NA
Level 1 Assets($000) NA NA NA NA
Level 2 Assets($000) NA NA NA NA
Level 3 Assets($000) NA NA NA NA
Level 1 Liabilities($000) NA NA NA NA
Level 2 Liabilities($000) NA NA NA NA
Level 3 Liabilities($000) NA NA NA NA
FTE Employees(actual) 182 181 194 207
Annualized Growth Rates (%)
Asset Growth 10.28 7.09 28.12 7
Gross Loans HFI Growth 30.48 16.88 31.33 17.73
Deposit Growth 10.05 10.53 26.65 7.26
Average Balances ($000)
Avg Gross Loans HFI 310,430 355,274 376,816 384,077
Avg Loans HFS 367 72 262 225
Average Loans, Gross of Reserves 310,796 355,346 377,078 384,302
Avg Securities NA NA NA NA
Avg Other Int Earn Assets NA NA NA NA
Avg Secs & Other Int Earn Assets 180,164 151,349 152,037 230,855
Avg Interest Earning Assets 490,960 506,694 529,114 615,157
Avg Assets 565,747 603,048 629,732 627,287
Avg CDs NA NA NA NA
Avg Other Interest-bearing Deposits NA NA NA NA
Avg Interest-bearing Deposits NA NA NA NA
Avg Debt NA NA NA NA
Avg Interest-bearing Liabs NA NA NA NA
Avg Noninterest-bearing Deposits NA NA NA NA
Avg Total Deposits 512,244 544,912 570,380 566,690
Avg Preferred Equity 0 0 0 0
Avg Common Equity 34,597 38,059 40,495 41,748
Avg Equity 34,597 38,059 40,495 41,748
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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