1st United Bank

430 4th St Nw
Faribault, MN 55021

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 31249
Date Established 1920
Assets $0.15 billion
Loans $0.07 billion
Deposits $0.13 billion
Capital $0.02 billion

1st United Bank is an FDIC insured institution located in Faribault, MN. It was founded in 1920 and has approximately $0.15 billion in assets. Customers can open an account at one of its 2 branches.

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.

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, 1st United Bank’s loan portfolio does not show any specific loan specialty.

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 23.15
Multifamily
Mortgages
1.32
Credit Card Loans 0.00
Consumer Auto Loans 0.93
Small Business Loans 18.30
Construction and Development Loans 7.06
Commercial Real Estate 33.15
Commercial and Industrial Loans 19.50
Farm Loans 7.36

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
Special: 9 Mo CD
0.45% $5,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.15% $1,000 $9,999 Learn MoreShow Less
Special: 9 Mo FIRA
0.45% $5,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.50% $1 - Learn MoreShow Less
Checking Rates APY MIN FEE
Loyalty Rewards 1.75% $0 $0.00 Learn MoreShow Less

Loan Rates

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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
4.564% 4.500% 0.25 $1,878 $1,267 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
License#: MC-2462
4.556% 4.500% 0.13 $1,632 $1,267 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.325% 4.250% 0.50 $2,337 $1,230 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.990% $238.42 Learn More
Flagstar Bank 5.490% $283.58 Learn More

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

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
0.71% 8.32%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 September 30, 2017, 1st United Bank had $129,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $17,884,000 in equity and $345,000 in loans loss reserves. That gives it a Texas Ratio of 0.71%.

Return on Equity
1st United Bank U.S. Bank Average
8.36% 8.84%

1st United Bank has a Return on Equity of 8.36% versus the BestCashCow average of 8.84%. 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
11.99% 12.21%

1st United Bank has a Capitalization of 11.99% versus the BestCashCow average of 12.21. 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 December 31, 2017, 1st United Bank had assets of $149,151,000, loans of $71,660,000, and deposits of $130,583,000. 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

ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.07 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.01 billion
All other assets $0.00 billion
     Total Assets $0.13 billion
LIABILITIES
Total deposits $0.13 billion
      Interest-bearing deposits $0.11 billion
      Deposits held in domestic offices $0.13 billion
      % insured (estimated) 90.49%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.13 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About 1st United Bank

Branches and Savings

Is 1st United Bank FDIC insured?

Yes. It is covered under FDIC Certificate #31249.

Why does 1st United Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are 1st United Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is 1st United Bank a commercial bank?

Yes

Where are 1st United Bank locations?

See branch locations nearby.

Is 1st United Bank open on Saturdays?

Is 1st United Bank open on Sundays?

What time does 1st United Bank open?

What time does 1st United Bank close?

Are 1st United Bank ATMs Open 24/7?

Do 1st United Bank ATMs accept cash deposits?

Can 1st United Bank customers use other ATMs?

Do 1st United Bank branches have notaries?

Will 1st United Bank notarize my document?

What address for 1st United Bank should I put for incoming ACH transfers?

Will the 1st United Bank branch print checks?

Do 1st United Bank checks expire?

Does 1st United Bank require US citizenship to open account?

Can 1st United Bank close my account?

Does 1st United Bank Report to credit bureaus?

Does 1st United Bank Use Equifax?

What is 1st United Bank's ACH Routing Number?

What is 1st United Bank's SWIFT code?

Products

Does 1st United Bank offer mortgages?

Compare mortgage rates here.

Does 1st United Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does 1st United Bank offer personal loans?

Compare personal loan rates here.

Does 1st United Bank offer student loans?

Will 1st United Bank cash a check?

Will 1st United Bank redeem a savings bond?

Does 1st United Bank cash savings bonds?

Will 1st United Bank cash money orders?

Can 1st United Bank issue a money order?

Does 1st United Bank do currency exchange?

Background on The Bank

Who owns 1st United Bank?

How long has 1st United Bank been around?

Can 1st United Bank transfer to other banks?

Does 1st United Bank have quick pay?

Does 1st United Bank accept rolled coins?

Will 1st United Bank accept loose change?

Where is 1st United Bank headquarters?

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