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One North Federal Highway
Boca Raton, FL 33432

1st United Bank (FL) is headquartered in Boca Raton and is the 15st largest bank in the state of Florida. It is also the 406th largest bank in the nation. It was established in 2000 and as of March of 2014, it had grown to 287 employees at 30 locations. 1st United Bank (FL) has a A health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 1st United Bank (FL) had $28.17 million in non-current loans and owned real-estate with $227.52 million in equity and loan loss allowances on hand to cover it. This gives 1st United Bank (FL) a Texas Ratio of 12.38% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for 1st United Bank (FL) decreased dramatically from 18.44% as of March 31, 2013 to 12.38% as of March 31, 2014, resulting in a positive change of 32.84%.This indicates that the balance sheet and financial strength for 1st United Bank (FL) has improved dramatically in recent periods.

Deposit Growth


In the past year, 1st United Bank (FL) has increased its total deposits by $128.89 million, resulting in 9.8% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth 1st United Bank (FL) has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. 1st United Bank (FL) has $1.73 billion in assets with $227.52 million in equity, resulting in a capitalization level of 13.12%, which is excellent.

Institution Statistics

FDIC Certificate #35408
Year Established2000
Primary RegulatorFED
Assets and Liabilities
Assets$1.73 billion
Loans$1.15 billion
Deposits$1.44 billion
Equity Capital$217.49 million
Loan Loss Allowance$10.03 million
Unbacked Noncurrent Loans$22.38 million
Real Estate Owned$5.80 million
Historic Data - March 2013
Assets$1.55 billion
Equity Capital$215.77 million
Loan Loss Allowance$9.34 million
Unbacked Noncurrent Loans$22.38 million
Real Estate Owned$7.64 million
Profit Margin - Quarterly
Net Interest Margin4.8%
Return on Assets0.63%
Return on Equity5.26%
Interest Income$19.51 million

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1st United Bank (FL) has 22 locations. Click to view all 1st United Bank (FL) locations.