United Bank

Headquarters

11185 Main Street
Fairfax, VA 22030
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.60% →
1-Year CD 0.15% 1.35% →
2-Year CD 0.30% 1.45% →
5-Year CD 0.75% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

United Bank is an FDIC insured institution located in Fairfax, VA. It was founded in 1979 and has approximately $19.64 billion in assets. Customers can open an account at one of its 158 branches.

FDIC Insured Yes
FDIC Certificate # 22858
Date Established 1979
Assets $ 19.64 billion
Loans $ 14.02 billion
Deposits $ 13.98 billion
Capital $ 3.52 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 - June 5, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 - Learn More
Money Market
0.10% $1 $14,999 Learn More
Money Market
0.20% $15,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.50% $500 - Learn More
6 Mo CD
0.10% $500 - Learn More
Special: 7 Mo CD
0.75% $500 - Learn More
Special: 9 Mo CD
0.50% $5,000 - Learn More
12 Mo CD
0.15% $500 - Learn More
Special: 13 Mo CD
0.65% $500 - Learn More
18 Mo CD
0.20% $500 - Learn More
Special: 19 Mo CD
0.50% $500 - Learn More
24 Mo CD
0.30% $500 - Learn More
Special: 25 Mo CD
0.50% $500 - Learn More
30 Mo CD
0.40% $500 - Learn More
Special: 31 Mo CD
0.60% $500 - Learn More
36 Mo CD
0.50% $500 - Learn More
Special: 37 Mo CD
0.70% $500 - Learn More
Special: 43 Mo CD
0.80% $500 - Learn More
48 Mo CD
0.65% $500 - Learn More
Special: 49 Mo CD
0.90% $500 - Learn More
Special: 55 Mo CD
1.00% $500 - Learn More
60 Mo CD
0.75% $500 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.15% $500 - Learn MoreShow Less
Special: 7 Mo FIRA
0.75% $500 - Learn MoreShow Less
Special: 9 Mo FIRA
0.50% $5,000 - Learn MoreShow Less
Special: 13 Mo FIRA
0.65% $500 - Learn MoreShow Less
Special: 19 Mo FIRA
0.50% $500 - Learn MoreShow Less
Special: 25 Mo FIRA
0.50% $500 - Learn MoreShow Less
Special: 31 Mo FIRA
0.60% $500 - Learn MoreShow Less
Special: 37 Mo FIRA
0.70% $500 - Learn MoreShow Less
Special: 43 Mo FIRA
0.80% $500 - Learn MoreShow Less
Special: 49 Mo FIRA
0.90% $500 - Learn MoreShow Less
Special: 55 Mo FIRA
1.00% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.15% $50 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $2,499 Learn MoreShow Less
Int Ckg
0.10% $2,500 - Learn MoreShow Less

Loan Rates - June 5, 2020

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 2020

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.019% 3.000% 0.25 $625 $1,055 Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More

Note to United Bank
To upload and update your bank's rates please register. It is free to register and add rates.

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


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
Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
United Bank U.S. Bank Average
3.8% 6.51%

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, 2019, United Bank had $121,090,000 in non-current loans and $15,515,000 in owned real estate. To cover these potential losses it had $3,519,775,000 in equity and $77,057,000 in loans loss reserves. That gives it a Texas Ratio of 3.8%.

Return on Equity
United Bank U.S. Bank Average
7.65% 9.41%

United Bank has a Return on Equity of 7.65% versus the BestCashCow average of 9.41%. 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
17.92% 12.82%

United Bank has a Capitalization of 17.92% versus the BestCashCow average of 12.82. 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, 2019, United Bank had assets of $19,644,548,000, loans of $14,022,586,000, and deposits of $13,979,755,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $ 835.57 million
Interest-bearing balances $ 650.41 million
Total securities $ 2.42 billion
Federal funds sold and reverse repurchase $ 0.82 million
Net loans and leases $ 14.02 billion
Loan loss allowance $ 77.06 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 15.52 million
Goodwill and other intangibles $ 1,523.95 million
All other assets $ 666.99 million
     Total Assets $ 16.12 billion
LIABILITIES
Total deposits $ 13.98 billion
      Interest-bearing deposits $ 9.36 billion
      Deposits held in domestic offices $ 13.98 billion
      % insured (estimated) 57.84%
Federal funds purchased and repurchase agreements $ 124.65 million
Trading liabilities N.A.
Other borrowed funds $ 1,851.87 million
Subordinated debt N.A.
All other liabilities $ 168.50 million
      Total Liabilities $ 16.12 billion
      Shareholders’ Equity $ 3.52 billion

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 762.30 million
Total Interest Expense $ 171.90 million
Net interest income $ 590.40 million
Provision for loan and lease losses $ 21.31 million
Total non interest income $ 146.22 million
Total non interest expense $ 380.33 million
Pre-tax Net Operating Income $ 334.97 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, 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 29.20
Multifamily
Mortgages
4.52
Credit Card Loans 0.07
Consumer Auto Loans 7.94
Small Business Loans 3.56
Construction and Development Loans 10.04
Commercial Real Estate 32.25
Commercial and Industrial Loans 11.22
Farm Loans 0.01

Frequently Asked Questions About United Bank

Branches and Savings

Is United Bank FDIC insured?

Yes. It is covered under FDIC Certificate #22858.

Why does 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 United Bank CD rates not competitive?

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

Is United Bank a commercial bank?

Yes

Where are United Bank locations?

See branch locations nearby.

Is United Bank open on Saturdays?

Is United Bank open on Sundays?

What time does United Bank open?

What time does United Bank close?

Are United Bank ATMs Open 24/7?

Do United Bank ATMs accept cash deposits?

Can United Bank customers use other ATMs?

Do United Bank branches have notaries?

Will United Bank notarize my document?

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

Will the United Bank branch print checks?

Do United Bank checks expire?

Does United Bank require US citizenship to open account?

Can United Bank close my account?

Does United Bank Report to credit bureaus?

Does United Bank Use Equifax?

What is United Bank's ACH Routing Number?

What is United Bank's SWIFT code?

Products

Does United Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does United Bank offer personal loans?

Compare personal loan rates here.

Does United Bank offer student loans?

Will United Bank cash a check?

Will United Bank redeem a savings bond?

Does United Bank cash savings bonds?

Will United Bank cash money orders?

Can United Bank issue a money order?

Does United Bank do currency exchange?

Background on The Bank

Who owns United Bank?

How long has United Bank been around?

Can United Bank transfer to other banks?

Does United Bank have quick pay?

Does United Bank accept rolled coins?

Will United Bank accept loose change?

Where is United Bank headquarters?

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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