United Community Bank

Headquarters

306 E North St
Greenville, SC 29601
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 3.50% →
1-Year CD N.A. 3.70% →
2-Year CD N.A. 3.80% →
5-Year CD N.A. 4.25% →
30-Year Mortgage N.A. 6.20% →
15-Year Mortgage N.A. 5.66% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

United Community Bank is an FDIC insured institution located in Greenville, SC. It was founded in 1950 and has approximately $24.31 billion in assets. Customers can open an account at one of its 161 branches.

FDIC Insured Yes
FDIC Certificate # 16889
Date Established 1950
Assets $ 24.31 billion
Loans $ 14.26 billion
Deposits $ 21.35 billion
Capital $ 2.71 billion
 

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

Deposit Rates - October 4, 2022

Your Current Location: Connecticut, CT 06828

There are currently no rates available for United Community Bank, but see these great savings and CD rates:

Advertiser Disclosure
 

Loan Rates - October 4, 2022

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for United Community Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




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Branches

United Community 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:
Fairfield,Connecticut


United Community Bank Locations



Climate Initiatives

United Community 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 Community Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of United Community 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 Community Bank U.S. Bank Average
1.45% 4.01%

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 March 31, 2022, United Community Bank had $39,980,000 in non-current loans and $1,080,000 in owned real estate. To cover these potential losses it had $2,708,252,000 in equity and $132,805,000 in loans loss reserves. That gives it a Texas Ratio of 1.45%.

Return on Equity
United Community Bank U.S. Bank Average
8.46% 9.01%

United Community Bank has a Return on Equity of 8.46% versus the BestCashCow average of 9.01%. 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 Community Bank U.S. Bank Average
11.14% 10.66%

United Community Bank has a Capitalization of 11.14% versus the BestCashCow average of 10.66. 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 Community Bank Balance Sheet Analysis

As of March 31, 2022, United Community Bank had assets of $24,314,004,000, loans of $14,258,591,000, and deposits of $21,348,767,000. 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

March 31, 2022
ASSETS
Cash & Balances due from depository institutions $ 1,901.42 million
Interest-bearing balances $ 1,591.29 million
Total securities $ 6.40 billion
Federal funds sold and reverse repurchase $ 1.88 million
Net loans and leases $ 14.26 billion
Loan loss allowance $ 132.81 million
Trading account assets $ 13.91 million
Bank premises and fixed assets N.A.
Other real estate owned $ 1.08 million
Goodwill and other intangibles $ 802.57 million
All other assets $ 615.55 million
     Total Assets $ 21.61 billion
LIABILITIES
Total deposits $ 21.35 billion
      Interest-bearing deposits $ 13.39 billion
      Deposits held in domestic offices $ 21.35 billion
      % insured (estimated) 56.50%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 40.54 million
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 216.45 million
      Total Liabilities $ 21.61 billion
      Shareholders’ Equity $ 2.71 billion

Summary Income Statement

March 31, 2022
INCOME AND EXPENSES
Total Interest Income $ 170.40 million
Total Interest Expense $ 3.16 million
Net interest income $ 167.24 million
Provision for loan and lease losses $ 23.09 million
Total non interest income $ 40.82 million
Total non interest expense $ 115.61 million
Pre-tax Net Operating Income $ 69.36 million

Bank Loan Profile?

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

Compared to other banks in South Carolina, United Community Bank has a significantly higher percent of Small Business 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 21.77
Multifamily
Mortgages
1.41
Credit Card Loans 0.01
Consumer Auto Loans 0.31
Small Business Loans 8.56
Construction and Development Loans 12.98
Commercial Real Estate 37.23
Commercial and Industrial Loans 23.91
Farm Loans 0.08

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