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888-746-4178
201 North Broadway
Dimmitt, TX 79027

First United Bank is headquartered in Dimmitt and is the 49th largest bank in the state of Texas. It is also the 584th largest bank in the nation. It was established in 1907 and as of March of 2014, it had grown to 213 employees at 18 locations. First United Bank has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

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 First United Bank had $4.24 million in non-current loans and owned real-estate with $119.63 million in equity and loan loss allowances on hand to cover it. This gives First United Bank a Texas Ratio of 3.54% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for First United Bank decreased dramatically from 7.03% as of March 31, 2013 to 3.54% as of March 31, 2014, resulting in a positive change of 49.64%.This indicates that the balance sheet and financial strength for First United Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, First United Bank has increased its total deposits by $24.74 million, resulting in 2.53% 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 First United Bank has shown is above average.

Capitalization

GRADE:
B+

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. First United Bank has $1.15 billion in assets with $119.63 million in equity, resulting in a capitalization level of 10.42%, which is above average.

Institution Statistics

Overall
FDIC Certificate #12769
Year Established1907
Employees213
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.15 billion
Loans$625.02 million
Deposits$1.00 billion
Equity Capital$110.01 million
Loan Loss Allowance$9.62 million
Unbacked Noncurrent Loans$3.23 million
Real Estate Owned$1.01 million
Historic Data - March 2013
Assets$1.09 billion
Equity Capital$111.50 million
Loan Loss Allowance$8.69 million
Unbacked Noncurrent Loans$3.23 million
Real Estate Owned$2.10 million
Profit Margin - Quarterly
Net Interest Margin3.64%
Return on Assets1.45%
Return on Equity15.19%
Interest Income$10.51 million
Rates

Always verify rates and promotions with the bank or credit union. We are not First United Bank, we are a rate comparison website and can not provide official rates or promotions.

First United Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Foundation Savings

First United Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.45%$500k-Performance Money Market
0.10%$25k-Prosper Money Market
0.05%--Prime Money Market

First United Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Achieve Interest Checking

First United Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.26%$100k-5 Years Jumbo CD
1.16%$1k-5 Years CD
1.11%$100k-4 Years Jumbo CD
1.00%$1k-4 Years CD
0.90%$100k-3 Years Jumbo CD
0.80%$1k-3 Years CD
0.80%$100k-2 Years Jumbo CD
0.70%$1k-2 Years CD
0.60%$100k-18 Months Jumbo CD
0.55%$100k-1 Year Jumbo CD
0.50%$1k-18 Months CD
0.45%$1k-1 Year CD
0.35%$100k-180 Days Jumbo CD
0.25%$1k-180 Days CD
0.25%$100k-90 Days Jumbo CD
0.20%$100k-30 Days Jumbo CD
0.15%$1k-90 Days CD
0.10%$1k-30 Days CD
Locations

First United Bank has 16 locations. Click to view all First United Bank locations.