2024 Overview
General Bank Information
United Bank is an FDIC insured institution located in Atmore, AL. It was founded in 1904 and has approximately $1.18 billion in assets. Customers can open an account at one of its 20 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 58 |
| Date Established | 1904 |
| Assets | $ 1,182.79 million |
| Loans | $ 742.68 million |
| Deposits | $ 1,004.58 million |
| Capital | $ 131.36 million |
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 - April 25, 2024
Your Current Location: Ohio, OH 43085
Bank Offers
Synchrony Raises Savings Rate to 1.75%
Jun 6, 2018
Synchrony Bank has raised their online savings rate to 1.75%.
Synchrony Raises Its Online Savings Rate to 2.20%
Dec 26, 2018
Synchrony has raised its online savings rate to 2.20%.
Synchrony Lowers Savings Rate to 2.15%; Lowers All CD Rates
Jul 11, 2019
Synchrony has lowered their online savings rate by 10 basis points from 2.25% to 2.15% APY. They have also lowered all of the CD rates today.
Synchrony Lowers CD Rates Again
Aug 13, 2019
Synchrony Bank has lowered its CD rates again this morning. Their 1-year rate is now 2.45% from 2.50% and their 5-year CD is now 2.65% from 2.80%. Other maturities were also adjusted downward.
Synchrony Cuts its Online Savings Rate to 2.00% APY
Sep 4, 2019
Synchrony has cut its online savings rate to 2.00% APY. Once very competitive in the online savings and CD market, Synchrony's savings and CD offerings are no longer competitive.
Synchrony Cuts its Online Savings Rate to 1.50% APY
Mar 18, 2020
Synchrony also cut its CD rates. 1-year is now 1.50% APY and 5-year is now 1.65% APY.
Synchrony's CD rates just go lower and lower
Jul 23, 2020
Synchrony has dropped their 1-year CD rate from 0.90% to 0.75% APY. A 5-year CD is now 1% APY. There are no circumstances where someone should be locking into a 5-year CD at 1%.
Synchrony Slashes Online Savings Rate to 0.75% APY
Jul 31, 2020
Synchrony cut its online savings rate from 1.05% to 0.75% APY today.
Synchrony Lowers Online Savings Rate Again
Sep 30, 2020
Synchrony has lowered its online savings rates from 0.75% APY to 0.65% APY overnight.
Synchrony Lowers Everything Again
Oct 27, 2020
Synchrony has lowered its online savings rates by 5 bps to 0.60% APY.
It has also adjsuted most of its CD rates lower.
Synchrony Lowers Online Savings Rate to 0.55% APY
Jan 27, 2021
Synchrony has lowered its savings rate by 5 bps from 0.60%.
Synchrony Lowers Online Savings Rate to 0.50% APY
Feb 25, 2021
Synchrony has lowered its online savings rate to 0.50%, down 5 basis points again. It has also lowered all of its online CD rates by 0.05%, except the 5-year which remains at 0.80%.
Synchrony Raises Its Online Savings Rate to 2.05% APY
Sep 1, 2022
Synchrony has raised its online savings rate to 2.05% from 1.80% today.
Synchrony Raises Its Online Savings Rate to 2.75% APY
Oct 26, 2022
Synchrony's rate is still well below the leading online banks, including the CIT and Citizens that are already at 3%.
Synchrony Raises Online Savings to 3.00%
Nov 4, 2022
Synchrony raised its online savings rate from 2.75% to 3.00% today. It was raised from 2.40% about a week ago.
Synchrony Bank raises online savings rate to 3.25% APY
Nov 16, 2022
Among the well recognized online banks, Synchrony is again a rate leader, but lesser known names are paying more on online savings.
Synchrony Raises Online Savings to 4.75% APY
Sep 13, 2023
Synchrony's online savings rate was raised today from 4.50% to 4.75% APY, making it the highest yielding savings offer of the major online banks.
Loan Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
7.63% | 7.38% | $2,943.75 | |
| 30 Year Fixed Conforming See Amortization Table |
7.91% | 7.75% | $2,292.52 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
7.63% | 7.38% | $2,943.75 | |
| 30 Year Fixed Conforming See Amortization Table |
7.91% | 7.75% | $2,292.52 | |
Compare with 6.944% APR and 6.750% 30-Year Fixed RATE from PenFed Credit Union
See All Mortgage Rates |
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Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
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:
Columbus,Ohio
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 |
|---|---|
| 1.27% | 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 $695,000 in non-current loans and $1,100,000 in owned real estate. To cover these potential losses it had $131,357,000 in equity and $10,402,000 in loans loss reserves. That gives it a Texas Ratio of 1.27%.
Return on Equity
| United Bank | U.S. Bank Average |
|---|---|
| 23.18% | 12.20% |
United Bank has a Return on Equity of 23.18% 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 |
|---|---|
| 11.11% | 10.76% |
United Bank has a Capitalization of 11.11% 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 $1,182,794,000, loans of $742,676,000, and deposits of $1,004,575,000. 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 | $ 149.08 million |
| Interest-bearing balances | $ 106.47 million |
| Total securities | $ 225.36 million |
| Federal funds sold and reverse repurchase | $ 8.28 million |
| Net loans and leases | $ 742.68 million |
| Loan loss allowance | $ 10.40 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 1.10 million |
| Goodwill and other intangibles | N.A. |
| All other assets | $ 33.11 million |
| Total Assets | $ 1,051.44 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 1,004.58 million |
| Interest-bearing deposits | $ 500.99 million |
| Deposits held in domestic offices | $ 1,004.58 million |
| % insured (estimated) | 58.77% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 17.57 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 3.90 million |
| Total Liabilities | $ 1,051.44 million |
| Shareholders’ Equity | $ 131.36 million |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 55.40 million |
| Total Interest Expense | $ 5.71 million |
| Net interest income | $ 49.69 million |
| Provision for loan and lease losses | $ 1.04 million |
| Total non interest income | $ 22.77 million |
| Total non interest expense | $ 31.38 million |
| Pre-tax Net Operating Income | $ 7.35 million |
Bank Loan Profile?
The top three loan types in United Bank’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and 1-4 Family Residential Loans.
Compared to other banks in Alabama, United Bank has a significantly higher percent of Credit Card 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 | 11.82 | ✓ | ||
| Multifamily Mortgages |
2.62 | ✓ | ||
| Credit Card Loans | 0.31 | ✓ | ||
| Consumer Auto Loans | 1.12 | ✓ | ||
| Small Business Loans | 7.43 | ✓ | ||
| Construction and Development Loans | 10.88 | ✓ | ||
| Commercial Real Estate | 18.63 | ✓ | ||
| Commercial and Industrial Loans | 22.44 | ✓ | ||
| Farm Loans | 5.32 | ✓ | ||
Customer Reviews for United Bank
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