United Bank

Headquarters

11185 Fairfax Blvd
Fairfax, VA 22030
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.55% →
1-Year CD 2.00% 5.41% →
2-Year CD 1.80% 5.25% →
5-Year CD 1.90% 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

United Bank is an FDIC insured institution located in Fairfax, VA. It was founded in 1979 and has approximately $29.85 billion in assets. Customers can open an account at one of its 158 branches.

FDIC Insured Yes
FDIC Certificate # 22858
Date Established 1979
Assets $ 29.85 billion
Loans $ 21.16 billion
Deposits $ 23.06 billion
Capital $ 4.82 billion
 

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

Deposit Rates - May 21, 2024

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 MONTH
0.50% $500 $250,000 Learn More
5 Month CD
5.00% $500 $250,000 Learn More
6 Mo CD
1.75% $500 $250,000 Learn More
11 Month CD
4.75% $500 $250,000 Learn More
12 Mo CD
2.00% $500 $250,000 Learn More
18 Mo CD
1.80% $500 $250,000 Learn More
20 Month CD
3.75% $500 $250,000 Learn More
24 Mo CD
1.80% $500 $250,000 Learn More
26 Month CD
3.00% $500 $250,000 Learn More
30 Mo CD
1.85% $500 - Learn More
36 Mo CD
1.85% $500 $250,000 Learn More
38 Month CD
3.00% $500 $250,000 Learn More
48 Mo CD
1.90% $500 $250,000 Learn More
50 Month CD
3.00% $500 $250,000 Learn More
60 Mo CD
1.90% $50 $250,000 Learn More


Loan Rates - May 21, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for 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 2024

Lender APR Rate (%) Monthly
Payment
Learn More
PenFed Credit Union
NMLS ID: 401822
6.427% 6.250%
0.88 points
$6,000 fees
$1,971 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.956% 6.875%
0.63 points
$2,655 fees
$2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.451% 7.375%
0.75 points
$2,400 fees
$2,211 Learn More
MortgageResearch.com
NMLS ID: Not a Lender

points
fees
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to United Bank
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Branches

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


United Bank Locations



Climate Policy and Initiatives

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


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Financial Details

United Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of 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
United Bank U.S. Bank Average
0.95% 3.96%

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 December 31, 2024, United Bank had $45,498,000 in non-current loans and $2,615,000 in owned real estate. To cover these potential losses it had $4,818,427,000 in equity and $259,237,000 in loans loss reserves. That gives it a Texas Ratio of 0.95%.

Return on Equity
United Bank U.S. Bank Average
8.28% 12.20%

United Bank has a Return on Equity of 8.28% versus the BestCashCow average of 12.20%. 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
United Bank U.S. Bank Average
16.14% 10.76%

United Bank has a Capitalization of 16.14% versus the BestCashCow average of 10.76. 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.

United Bank Balance Sheet Analysis

As of December 31, 2023, United Bank had assets of $29,851,399,000, loans of $21,156,108,000, and deposits of $23,062,318,000. 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

December 31, 2024
ASSETS
Cash & Balances due from depository institutions $ 1,597.16 million
Interest-bearing balances $ 1,340.05 million
Total securities $ 3.78 billion
Federal funds sold and reverse repurchase $ 1.17 million
Net loans and leases $ 21.16 billion
Loan loss allowance $ 259.24 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.62 million
Goodwill and other intangibles $ 1,922.66 million
All other assets $ 1,062.84 million
     Total Assets $ 25.03 billion
LIABILITIES
Total deposits $ 23.06 billion
      Interest-bearing deposits $ 16.91 billion
      Deposits held in domestic offices $ 23.06 billion
      % insured (estimated) 66.10%
Federal funds purchased and repurchase agreements $ 196.10 million
Trading liabilities N.A.
Other borrowed funds $ 510.92 million
Subordinated debt N.A.
All other liabilities $ 257.62 million
      Total Liabilities $ 25.03 billion
      Shareholders’ Equity $ 4.82 billion

Summary Income Statement

December 31, 2024
INCOME AND EXPENSES
Total Interest Income $ 1,401.08 million
Total Interest Expense $ 458.30 million
Net interest income $ 942.78 million
Provision for loan and lease losses $ 29.67 million
Total non interest income $ 139.04 million
Total non interest expense $ 553.02 million
Pre-tax Net Operating Income $ 223.79 million

Bank Loan Profile?

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

Compared to other banks in Virginia, 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 20.54
Multifamily
Mortgages
5.15
Credit Card Loans 0.04
Consumer Auto Loans 6.12
Small Business Loans 4.00
Construction and Development Loans 11.32
Commercial Real Estate 31.00
Commercial and Industrial Loans 12.18
Farm Loans 0.05

Customer Reviews for United Bank


  • April 12, 2019 |

    United Bank in Front Royal does not know how to set up an inherited IRA. It took over two months to transfer it from Merrill Edge. Several mistakes were made. And then they did not title it correctly. The worst part was that they did not send us the RMD on time as Merrill Edge had done for years. I did not catch this mistake until I was doing our taxes, and now we may owe the IRS a huge penalty.


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