United Bank

Headquarters

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

Notable Rates APY Vs.Others
Savings 0.10% 0.85% →
1-Year CD 0.15% 0.67% →
2-Year CD 0.20% 0.80% →
5-Year CD 0.40% 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

United Bank is an FDIC insured institution located in Fairfax, VA. It was founded in 1979 and has approximately $27.16 billion in assets. Customers can open an account at one of its 158 branches.

FDIC Insured Yes
FDIC Certificate # 22858
Date Established 1979
Assets $ 27.16 billion
Loans $ 17.25 billion
Deposits $ 21.79 billion
Capital $ 4.49 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 - December 3, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.15% $10,000 $14,999 Learn More
12 Mo CD
0.15% $100,000 $199,999 Learn More
18 Mo CD
0.15% $10,000 $14,999 Learn More
18 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
30 Mo CD
0.25% $10,000 $14,999 Learn More
30 Mo CD
0.25% $100,000 $199,999 Learn More
36 Mo CD
0.30% $10,000 $14,999 Learn More
36 Mo CD
0.30% $100,000 $199,999 Learn More
48 Mo CD
0.35% $10,000 $14,999 Learn More
48 Mo CD
0.35% $100,000 $199,999 Learn More
60 Mo CD
0.40% $10,000 $14,999 Learn More
60 Mo CD
0.40% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - December 3, 2021

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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Morty, Inc.
NMLS ID: 1429243
2.740% 2.690%
0.63 points
$1,635 fees
$1,013 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Flagstar Bank-Heloc
Flagstar Bank-Heloc
See Table
4.990 %
$0 Learn More
More Info

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



Climate Initiatives

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

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
2.26% 4.78%

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 June 30, 2021, United Bank had $87,834,000 in non-current loans and $18,474,000 in owned real estate. To cover these potential losses it had $4,494,472,000 in equity and $217,545,000 in loans loss reserves. That gives it a Texas Ratio of 2.26%.

Return on Equity
United Bank U.S. Bank Average
8.94% 11.29%

United Bank has a Return on Equity of 8.94% versus the BestCashCow average of 11.29%. 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
16.55% 11.72%

United Bank has a Capitalization of 16.55% versus the BestCashCow average of 11.72. 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 June 30, 2021, United Bank had assets of $27,158,306,000, loans of $17,247,283,000, and deposits of $21,793,536,000. 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

June 30, 2021
ASSETS
Cash & Balances due from depository institutions $ 3.68 billion
Interest-bearing balances $ 3.37 billion
Total securities $ 3.26 billion
Federal funds sold and reverse repurchase $ 0.93 million
Net loans and leases $ 17.25 billion
Loan loss allowance $ 217.55 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 18.47 million
Goodwill and other intangibles $ 1,872.97 million
All other assets $ 842.06 million
     Total Assets $ 22.66 billion
LIABILITIES
Total deposits $ 21.79 billion
      Interest-bearing deposits $ 13.50 billion
      Deposits held in domestic offices $ 21.79 billion
      % insured (estimated) 58.58%
Federal funds purchased and repurchase agreements $ 127.75 million
Trading liabilities N.A.
Other borrowed funds $ 533.37 million
Subordinated debt N.A.
All other liabilities $ 209.19 million
      Total Liabilities $ 22.66 billion
      Shareholders’ Equity $ 4.49 billion

Summary Income Statement

June 30, 2021
INCOME AND EXPENSES
Total Interest Income $ 405.68 million
Total Interest Expense $ 23.95 million
Net interest income $ 381.72 million
Provision for loan and lease losses N.A.
Total non interest income $ 147.23 million
Total non interest expense $ 285.61 million
Pre-tax Net Operating Income $ 250.43 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 24.25
Multifamily
Mortgages
4.44
Credit Card Loans 0.05
Consumer Auto Loans 6.50
Small Business Loans 4.63
Construction and Development Loans 11.18
Commercial Real Estate 33.53
Commercial and Industrial Loans 14.83
Farm Loans 0.04

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.

Add Your Review

Rate it here →