Balance Sheet

Financial Highlights
3/31/2017
12/31/2017
3/31/2018
6/30/2018
Assets ($000)
Cash and Due from Banks NA 22,911 23,539 26,448
Fed Funds Sold NA 4,000 4,000 4,000
Deposits at Financial Institutions NA 26,050 31,746 44,661
Securities Purchased, to Resell NA 0 0 0
Other Cash & Cash Equivalents NA 0 0 0
Cash and Cash Equivalents 49,384 52,961 59,285 75,109
Trading Account Securities 0 0 0 0
Available for Sale Securities NA 143,485 NA 130,343
Held to Maturity Securities NA 20,003 NA 18,914
Other Securities NA 1,679 NA NA
Total Cash & Securities NA 218,128 NA NA
Gross Loans Held for Investment 321,823 347,931 362,616 391,015
Loan Loss Reserve 4,043 4,291 3,812 4,093
Loans Held for Sale, before Reserves 217 0 144 380
Total Net Loans 317,997 343,640 358,948 387,302
Real Estate Owned and Held for Investment 3,893 1,430 NA 1,672
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 13,343 13,394 13,436
Interest Receivable NA 3,094 2,705 3,030
Prepaid Expense NA NA NA NA
Bank-owned Life Insurance NA 11,049 NA 11,215
Other Assets 19,344 7,064 19,328 10,094
Total Other Assets 32,582 34,550 35,427 37,776
Total Assets 572,927 597,748 608,347 651,116
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 518,600 537,831 551,992 588,767
FHLB Borrowings NA 194 175 NA
Senior Debt NA 6,244 5,066 4,930
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 16,554 15,376 15,240
Total Other Liabilities NA 5,314 2,910 4,188
Total Liabilities 537,711 559,699 570,279 608,196
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 38,049 38,069 42,920
Equity Attributable to Parent Company 35,216 38,049 38,069 42,920
Noncontrolling Interests 0 0 0 0
Total Equity 35,216 38,049 38,069 42,920
Net Unrealized Gain NA (1,288) NA NA
Tot Acc Other Comprehensive Inc (1,709) (1,612) (3,127) (3,611)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 56.17 58.21 59.61 60.05
Loans/ Deposits 62.06 64.69 65.69 66.41
Loan Loss Reserves/ Gross Loans 1.26 1.23 1.05 1.05
Reserves/ Loans Held For Investment 1.26 1.23 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 1,975 NA NA
Level 2 Assets($000) NA 141,510 NA NA
Level 3 Assets($000) NA 2,770 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) 182 182 181 194
Annualized Growth Rates (%)
Asset Growth 10.28 7.01 7.09 28.12
Gross Loans HFI Growth 30.48 16.35 16.88 31.33
Deposit Growth 10.05 6.31 10.53 26.65
Average Balances ($000)
Avg Gross Loans HFI 310,430 336,572 355,274 376,816
Avg Loans HFS 367 235 72 262
Average Loans, Gross of Reserves 310,796 336,806 355,346 377,078
Avg Securities NA NA NA NA
Avg Other Int Earn Assets NA NA NA NA
Avg Secs & Other Int Earn Assets 180,164 223,132 151,349 152,037
Avg Interest Earning Assets 490,960 559,938 506,694 529,114
Avg Assets 565,747 585,409 603,048 629,732
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 512,244 528,634 544,912 570,380
Avg Preferred Equity 0 0 0 0
Avg Common Equity 34,597 36,703 38,059 40,495
Avg Equity 34,597 36,703 38,059 40,495
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.

Return to top

Excel download Email page PDF view Print view Email Alert Social media sharing

External Link Disclaimer

United Bank has no control over information at any site hyperlinked to or from this Site. United Bank makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and is providing this hyperlink to you only as a convenience. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by United Bank of any information in any hyperlinked site. In no event shall United Bank be responsible for your use of a hyperlinked site. If you "Continue", the link will attempt to open a new window. If it is unable to, the link will open in the current window.

Close |   Continue

×