1st United Bank

Headquarters

430 4th St Nw
Faribault, MN 55021
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 2.55% →
1-Year CD 0.15% 2.85% →
2-Year CD 0.20% 3.20% →
5-Year CD N.A. 3.65% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

1st United Bank is an FDIC insured institution located in Faribault, MN. It was founded in 1920 and has approximately $0.2 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 31249
Date Established 1920
Assets $ 199.58 million
Loans $ 68.95 million
Deposits $ 180.07 million
Capital $ 18.78 million
 

For a more detailed analysis of 1st United Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 18, 2022

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
CD Rates APY MIN MAX
12 Mo CD
0.15% $10,000 $14,999 Learn More
12 Mo CD
0.15% $100,000 $199,999 Learn More
24 Mo CD
0.20% $10,000 $14,999 Learn More
24 Mo CD
0.20% $100,000 $199,999 Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.50% $1 $499 Learn MoreShow Less
Checking Rates APY MIN FEE
Loyalty Rewards 1.75% $0 $0.00 Learn MoreShow Less
 

Loan Rates - August 18, 2022

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for 1st United Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Monthly
Payment
Learn More
Morty, Inc.
NMLS ID: 1429243
4.808% 4.750%
0.63 points
$1,680 fees
$1,305 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
4.955% 4.875%
0.50 points
$2,302 fees
$1,324 Learn More
First Internet Bank
NMLS ID: 424182
5.087% 5.000%
1.00 points
$2,492 fees
$1,343 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 4.990 %
After Intro: 6.000 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to 1st United Bank
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Branches

1st United Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


1st United Bank Locations



Climate Initiatives

1st United Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

1st United Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of 1st United Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
1st United Bank U.S. Bank Average
0.19% 4.01%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2022, 1st United Bank had $38,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $18,781,000 in equity and $1,095,000 in loans loss reserves. That gives it a Texas Ratio of 0.19%.

Return on Equity
1st United Bank U.S. Bank Average
5.45% 9.01%

1st United Bank has a Return on Equity of 5.45% versus the BestCashCow average of 9.01%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
1st United Bank U.S. Bank Average
9.41% 10.66%

1st United Bank has a Capitalization of 9.41% versus the BestCashCow average of 10.66. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

1st United Bank Balance Sheet Analysis

As of March 31, 2022, 1st United Bank had assets of $199,580,000, loans of $68,950,000, and deposits of $180,071,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2022
ASSETS
Cash & Balances due from depository institutions $ 10.33 million
Interest-bearing balances $ 9.16 million
Total securities $ 110.40 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 68.95 million
Loan loss allowance $ 1.10 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 4.14 million
All other assets $ 3.29 million
     Total Assets $ 180.80 million
LIABILITIES
Total deposits $ 180.07 million
      Interest-bearing deposits $ 140.75 million
      Deposits held in domestic offices $ 180.07 million
      % insured (estimated) 82.34%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.73 million
      Total Liabilities $ 180.80 million
      Shareholders’ Equity $ 18.78 million

Summary Income Statement

March 31, 2022
INCOME AND EXPENSES
Total Interest Income $ 1.18 million
Total Interest Expense $ 0.09 million
Net interest income $ 1.09 million
Provision for loan and lease losses $ 0.01 million
Total non interest income $ 0.18 million
Total non interest expense $ 0.87 million
Pre-tax Net Operating Income $ 0.39 million

Bank Loan Profile?

The top three loan types in 1st United Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Minnesota, 1st United Bank has a significantly higher percent of Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 18.42
Multifamily
Mortgages
1.14
Credit Card Loans 0.00
Consumer Auto Loans 0.93
Small Business Loans 0.00
Construction and Development Loans 13.80
Commercial Real Estate 33.98
Commercial and Industrial Loans 15.38
Farm Loans 7.48

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