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Overview / Commentary
561-362-3400
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 385th largest bank in the nation. It was established in 2000 and as of December of 2013, it had grown to 296 employees at 30 locations. 1st United Bank (FL) has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 1st United Bank (FL) had $32.63 million in non-current loans and owned real-estate with $222.53 million in equity and loan loss allowances on hand to cover it. This gives 1st United Bank (FL) a Texas Ratio of 14.66% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for 1st United Bank (FL) increased slightly from 7.62% as of December 31, 2012 to 14.66% as of December 31, 2013, resulting in a negative change of 92.56%. This indicates that the balance sheet and financial strength for 1st United Bank (FL) has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, 1st United Bank (FL) has increased its total deposits by $247.36 million, resulting in 18.79% 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.

Capitalization

GRADE:
A+

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 $1.84 billion in assets with $222.53 million in equity, resulting in a capitalization level of 12.10%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #35408
Year Established2000
Employees296
Primary RegulatorFED
Assets and Liabilities
Assets$1.84 billion
Loans$1.12 billion
Deposits$1.56 billion
Equity Capital$212.88 million
Loan Loss Allowance$9.65 million
Unbacked Noncurrent Loans$24.87 million
Real Estate Owned$7.76 million
Historic Data - December 2012
Assets$1.56 billion
Equity Capital$216.31 million
Loan Loss Allowance$9.60 million
Unbacked Noncurrent Loans$24.87 million
Real Estate Owned$6.35 million
Profit Margin - Quarterly
Net Interest Margin5.39%
Return on Assets0.45%
Return on Equity3.44%
Interest Income$79.61 million
Rates

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Locations

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