Balance Sheet

Financial Highlights
2019 FQ3 YTD
9/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Assets ($000)
Cash and Due from Banks 26,818 25,500 22,911 25,090 32,064
Fed Funds Sold 2,000 4,000 4,000 1,900 0
Deposits at Financial Institutions 61,972 15,880 26,050 18,222 30,676
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 90,790 45,380 52,961 45,212 62,739
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 117,967 130,573 143,485 160,904 117,085
Held to Maturity Securities 17,555 17,790 20,003 20,380 26,468
Other Securities NA 1,716 1,679 1,640 1,651
Total Cash & Securities NA 195,460 218,128 228,135 207,943
Gross Loans Held for Investment 448,212 409,741 347,931 299,036 288,628
Loan Loss Reserve 4,802 4,391 4,291 3,912 3,822
Loans Held for Sale, before Reserves 3 110 0 516 202
Total Net Loans 443,413 405,461 343,640 295,640 285,008
Real Estate Owned and Held for Investment 1,769 1,257 1,430 3,799 6,330
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 15,401 13,949 13,343 13,417 13,437
Interest Receivable 3,881 3,669 3,094 2,748 2,495
Prepaid Expense NA NA NA NA NA
Bank-owned Life Insurance 11,628 11,382 11,049 9,105 8,824
Other Assets 11,078 6,407 7,064 5,721 6,051
Total Other Assets 41,988 35,407 34,550 30,991 30,807
Total Assets 713,481 637,584 597,748 558,566 530,087
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 611,519 573,155 537,831 505,888 473,526
FHLB Borrowings 5,000 117 194 344 497
Senior Debt 5,246 4,661 6,244 5,344 497
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 15,556 14,971 16,554 15,654 10,807
Total Other Liabilities 5,564 2,834 5,314 3,046 2,671
Total Liabilities 632,639 590,960 559,699 524,589 487,004
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 10,300
Other Preferred Equity 0 0 0 0 0
Total Preferred Equity 0 0 0 0 10,300
Common Equity 80,843 46,625 38,049 33,977 32,783
Equity Attributable to Parent Company 80,843 46,625 38,049 33,977 43,083
Noncontrolling Interests 0 0 0 0 0
Total Equity 80,843 46,625 38,049 33,977 43,083
Net Unrealized Gain 1,197 (2,448) (1,288) (1,931) (35)
Tot Acc Other Comprehensive Inc 873 (2,772) (1,612) (1,937) (57)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 62.82 64.26 58.21 53.54 54.45
Loans/ Deposits 73.29 71.49 64.69 59.11 60.95
Loan Loss Reserves/ Gross Loans 1.07 1.07 1.23 1.31 1.32
Reserves/ Loans Held For Investment 1.07 1.07 1.23 1.31 1.32
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 1,957 1,975 31 1,015
Level 2 Assets($000) NA 128,617 141,510 160,873 116,070
Level 3 Assets($000) NA 3,913 2,770 2,335 6,430
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 207 182 181 178
Annualized Growth Rates (%)
Asset Growth 15.87 6.66 7.01 5.37 8.31
Gross Loans HFI Growth 12.52 17.77 16.35 3.61 10.67
Deposit Growth 8.92 6.57 6.31 6.83 8.73
Average Balances ($000)
Avg Gross Loans HFI 423,338 384,158 336,572 297,121 279,143
Avg Loans HFS 331 225 235 384 417
Average Loans, Gross of Reserves 423,669 384,383 336,806 297,505 279,560
Avg Securities NA NA NA NA NA
Avg Other Int Earn Assets NA NA NA NA NA
Avg Secs & Other Int Earn Assets 179,857 176,088 223,132 192,340 171,042
Avg Interest Earning Assets 603,526 560,471 559,938 489,845 450,602
Avg Assets 675,910 627,452 585,409 554,387 509,973
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 593,703 566,915 528,634 496,574 454,478
Avg Preferred Equity 0 0 0 9,013 10,300
Avg Common Equity 63,585 41,748 36,703 34,623 31,818
Avg Equity 63,585 41,748 36,703 43,636 42,118
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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