United Bank Reports – 365325

United Bank Financial Reports

Quarter Ended: 2024-09-30

Data Updated on: 11/22/2024

United Bank is a N/A located in Fairfax, VA. Established on 05/10/1979, the bank is regulated by the FED and has 220 domestic offices. It operates in the Washington-Arlington-Alexandria, DC-VA-MD-WV.

The bank has 2567 employees and holds $29,769,221k in total assets. With a focus on community banking, the bank has been serving its customers since 05/10/1979.

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United Bank Institution Profile

Established Date05/10/1979Institution ClassN/A
Primary RegulatorFEDNumber of Domestic Offices220
Number of Foreign Offices0Number of US Offices0
Number of Employees2567Directly owned by another bank (CERT)No
Community BankNoZIP22030
Ownership TypeNot MutualCityFairfax
State Alpha codeVAState and County Number51059
Subchapter S CorporationsNoTrust PowersN/A
Federal Reserve ID Number5Federal Reserve ID Number DescriptionRICHMOND
Office of The Comptroller District:NORTHEAST DISTRICTOffice of Thrift Supervision RegionSoutheast
Last Structure Change Effective Date08/31/2022Date of Deposit Insurance05/10/1979
Primary Insurance AgencyDIF

Institution Profile Overview

Delve into the foundational details of United Bank with our “Institution Profile” table. The 05/10/1979 marks the bank’s inception, providing historical context. Categorized as a N/A, the bank operates under the oversight of FED, ensuring compliance and regulatory adherence.

220 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Fairfax, VA, and 22030 provide geographic context. Explore these attributes to gain a holistic view of United Bank in the financial landscape.

United Bank Financials

(USD, in thousands)

Total Assets$29,769,221Total Liabilities$24,764,511
Total Equity Capital$5,004,710Total Deposits$24,070,496
Net Loans and Leases$21,397,694Total Interest Income$382,697
Total Noninterest Income$37,748Total Interest Expense$146,479
Total Noninterest Expense$134,379Tier 1 Risk-Based Capital Ratio13.95%
Net Loans and Leases to Core DepositsN/AReturn on Assets1.37%
Return on Equity8.26%Efficiency Ratio48.72%

Financial Performance Overview

Gain a comprehensive perspective on United Bank’s financial landscape through our “Financials” table. The bank boasts total assets of $29,769,221k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $24,764,511k and total equity capital at $5,004,710k.

Delve into key operational metrics, including total deposits of $24,070,496k, net loans and leases at $21,398k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 13.9509, and Return on Assets at 1.37. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of United Bank’s performance and competitive positioning within the financial industry.

United Bank Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x)N/ANet Loans and Leases to Core DepositsN/A
Tier 1 Risk-Based Capital Ratio13.95%Securities Gains (Losses)-$6,737
Goodwill and Other IntangiblesN/ACost of Funding Earning Assets0.00%
Yield on Earning Assets5.82%Total Interest Income$382,697
Applicable Income Taxes$26,422Loss Allowance to Loans and Leases1.25%
Net Loans and Leases$21,397,694Loss Allowance to Noncurrent Loans and Leases415.03%
Noncurrent Loans to Loans0.30%Net Income Attributable to Bank and Noncontrolling Interests$102,252
Net Interest Income$236,218Net Interest Margin3.59%
Net Operating Income to Assets1.44%Noninterest Income to Average Assets0.51%
Total Noninterest Income$37,748Noninterest Expense to Average Assets1.80%
Total Noninterest Expense$134,379Net Charge-Offs to Loans and Leases0.07%
All Other AssetsN/AOther Real Estate Owned$169
Other borrowed funds$260,271Pre-tax Net Operating Income$135,411
Pretax Return on Assets1.73%Return on Assets1.37%
Retained Earnings to Average Equity (YTD only)N/A

Insights into Financial Metrics

Enhance your understanding of United Bank‘s financial standing through our Additional Financial Information table. Explore key metrics such as Net Loans and Leases: $21,397,694k and Net Interest Income $236,218k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 13.9509 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0.07 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income: $37,748k and evaluate operational efficiency using metrics like Efficiency Ratio: 48.72. This nuanced financial overview empowers a comprehensive analysis of United Bank‘s strategic financial position and performance in the industry.

Frequently Asked Questions (FAQs)

What is the asset size of United Bank?

The asset size of United Bank is approximately $29,769,221k, reflecting the bank’s scale and market presence.

How does the loan-to-deposit ratio of United Bank compare to industry benchmarks?

The loan-to-deposit ratio is a crucial measure of the bank’s financial health. For United Bank, this ratio stands at
88.90%
(please calculate and adjust this logic based on real data retrieval), compared to industry averages typically ranging from 80% to 90%.

What is the capital adequacy ratio for United Bank?

The Tier 1 Risk-Based Capital Ratio, a key indicator of the bank’s financial stability, is 13.9509.

What is the net interest margin of United Bank, and how has it trended over the past year?

The current net interest margin is 3.59. Historical trends would require a more detailed analysis over the past quarters, which can be provided upon request.

What is the percentage of non-performing loans on United Bank’s balance sheet?

The percentage of non-performing loans is an important metric indicating asset quality. For United Bank, this stands at 0.3011.

Are there any recent regulatory changes that could impact United Bank’s operations?

Regulatory environments are dynamic. Specific recent changes would require further detailed scanning of regulatory updates impacting United Bank. For tailored insights, please consult our expert or access our detailed reports.

What is the history of United Bank?

United Bank was established on 05/10/1979. It has been serving the community for several decades, continuously adapting to the changing financial landscape. For a detailed history, please refer to the bank’s about page.

Is United Bank FDIC insured?

Yes, United Bank is FDIC insured, ensuring that deposits are protected up to the applicable limits. This underlines the bank’s commitment to maintaining customer trust and financial security.

What is the routing number for United Bank in OK?

The routing number for United Bank in Oklahoma is not available. It’s recommended to verify with the bank directly for transactions.

How big is United Bank?

United Bank is a significant player in the financial sector with total assets valued at $29,769,221k and a network of 220 domestic offices.

Is United Bank a local bank?

United Bank is often considered a local bank due to its strong community focus and local market presence, despite having a broader operational reach. This combination allows it to serve local communities effectively while benefiting from larger-scale operations.

This table provides key financial information about United Bank. Get more data about United Bank on Visbanking Report Portal.