United Bank

Established in 1979

About United Bank

United Bank was established on 1979. The bank's headquarters are located at 11185 Fairfax Blvd in Fairfax, Virginia. It has 5 branches.

United Bank is an FDIC insured bank with FDIC number 22858 managing assets to the value of $26,152,624 as of 12/31/2020.

United Bank has a Texas ratio of 2.98%.
The bank Texas Ratio is an indicator of the bank's health developed at RBC Capital Markets to measure a financial institution's credit troubles. The lower the Texas Ratio, the healthier the bank.

About the Bank

2.98%
Texas Ratio
FDIC Certificate #

22858

Active Insured Since #

10/5/1979

Financial Profile

Dollar figures in thousands (000's)

As of 12/31/2020
Total Assets $26,152,624
Equity Capital $4,466,243
Total Deposits $20,743,628
Total Liabilities $21,686,381
Total Securities $2,936,855
Net Loans And Leases $18,074,520
Loan Loss Allowance $235,830
Total Loans And Leases $18,310,350
YTD (as of 12/31/2020)
Return On Assets 1.30%
Return On Equity 7.56%
Total Interest Income $797,988
Total Interest Expense $98,557
Total Non Interest Income $344,968
Total Non Interest Expense $558,521

Headquarters

11185 Fairfax Blvd 22030, Fairfax

United Bank branches near me

26.23 miles
22.21 miles
26.88 miles
21.83 miles
21.64 miles

Total Loans and Leases Statistics

Total Loans and Leases $18,310,350 In thousands (000's) * All data provided by fdic.gov updated 12/31/2020

United Bank Mortgage Loans Profile

Classic Bank

47.36%

Application Approval Rate

Classic Bank

$267,070

Average Mortgage Loan Amount

Classic Bank

3,560

Number of Loan Applications

Classic Bank

$256,992

Average Income of Applicants with Approved Loans

Classic Bank

1.30%

Average Cost of Loans

Classic Bank

30.01%

Average Debt to Income Ratio

* All data provided by the Home Mortgage Disclosure Act, at cfpb.gov updated 12/31/2019

Distribution of Mortgage Loans

Top Counties by Number of Mortgage Loan Applications

1 Fairfax

Number of Loan Applications
334
Average Loan Amount
$311,154
Approval Rate
35.03%
Average Income of Approved Loans’ Applicants
$307,177

2 Monongalia

Number of Loan Applications
220
Average Loan Amount
$223,276
Approval Rate
65.91%
Average Income of Approved Loans’ Applicants
$177,565

3 Montgomery

Number of Loan Applications
209
Average Loan Amount
$300,250
Approval Rate
19.14%
Average Income of Approved Loans’ Applicants
$353,278

4 Washington

Number of Loan Applications
202
Average Loan Amount
$810,192
Approval Rate
25.74%
Average Income of Approved Loans’ Applicants
$527,700

5 Kanawha

Number of Loan Applications
155
Average Loan Amount
$196,456
Approval Rate
66.45%
Average Income of Approved Loans’ Applicants
$181,753

6 Loudoun

Number of Loan Applications
134
Average Loan Amount
$174,259
Approval Rate
40.30%
Average Income of Approved Loans’ Applicants
$210,434

Top States by Number of Mortgage Loan Applications

1 West Virginia

Number of Loan Applications
1,313
Average Loan Amount
$199,768
Approval Rate
69.00%
Average Income of Approved Loans’ Applicants
$267,291

2 Virginia

Number of Loan Applications
1,300
Average Loan Amount
$223,188
Approval Rate
32.69%
Average Income of Approved Loans’ Applicants
$221,513

3 Maryland

Number of Loan Applications
371
Average Loan Amount
$474,130
Approval Rate
31.00%
Average Income of Approved Loans’ Applicants
$354,591

4 District of Columbia

Number of Loan Applications
202
Average Loan Amount
$810,192
Approval Rate
25.74%
Average Income of Approved Loans’ Applicants
$527,700

5 Pennsylvania

Number of Loan Applications
139
Average Loan Amount
$185,208
Approval Rate
69.06%
Average Income of Approved Loans’ Applicants
$108,079

6 Ohio

Number of Loan Applications
76
Average Loan Amount
$166,220
Approval Rate
53.95%
Average Income of Approved Loans’ Applicants
$111,436