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Overview / Commentary
425-275-9700
16929 Highway 99, Suite 110
Lynnwood, WA 98037

UniBank is headquartered in Lynnwood and is the 35th largest bank in the state of Washington. It is also the 2,845th largest bank in the nation. It was established in 2006 and as of December of 2013, it had grown to 48 employees at 4 locations. UniBank's money market rates are 70% higher than the national average, and it boasts a A+ health rating.

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Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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 UniBank had $700,000 in non-current loans and owned real-estate with $34.75 million in equity and loan loss allowances on hand to cover it. This gives UniBank a Texas Ratio of 2.01% 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 UniBank decreased dramatically from 11.59% as of December 31, 2012 to 2.01% as of December 31, 2013, resulting in a positive change of 82.62%.This indicates that the balance sheet and financial strength for UniBank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, UniBank has increased its total deposits by $35.58 million, resulting in 25.54% 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 UniBank 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. UniBank has $218.02 million in assets with $34.75 million in equity, resulting in a capitalization level of 15.94%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58407
Year Established2006
Employees48
Primary RegulatorFDIC
Assets and Liabilities
Assets$218.02 million
Loans$164.18 million
Deposits$174.88 million
Equity Capital$32.21 million
Loan Loss Allowance$2.54 million
Unbacked Noncurrent Loans$174,000
Real Estate Owned$526,000
Historic Data - December 2012
Assets$187.90 million
Equity Capital$29.95 million
Loan Loss Allowance$3.10 million
Unbacked Noncurrent Loans$174,000
Real Estate Owned$2.86 million
Profit Margin - Quarterly
Net Interest Margin4.65%
Return on Assets1.45%
Return on Equity9.67%
Interest Income$10.61 million
Rates

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

UniBank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$100-Health Saving Account (HSA)
0.10%$100-Personal Regular Savings
0.10%$50-Junior Savings
0.10%$500-Business Regular Savings

UniBank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.75%$100k-Personal Money Market
0.75%$100k-Business Money Market

UniBank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$2,500-Personal Interest Checking (NOW)
0.25%$2,500-Business Interest Checking
0.25%$2,500-Super Now Account (Sole Proprietorship)
0.25%$2,500-Super Now Account (Non-Profit Corporations only)

UniBank CD Rates

DetailsAPYMINMAXPRODUCT
1.75%$1k-60 Month CD
1.50%$1k-48 Month CD
1.25%$1k-36 Month CD
1.01%$1k-24 Month CD
0.90%$1k-18 Month CD
0.80%$1k-12 Month CD
0.75%$50k$220k24 Month FLEX CD
0.50%$1k-6 Month CD
0.50%$50k$220k12 Month FLEX CD
0.25%$1k-3 Month CD

UniBank IRA Rates

DetailsAPYMINMAXPRODUCT
0.50%$1k-12 Month IRA (Traditional,Roth)
0.25%$1k-6 Month IRA (Traditional,Roth)
Locations


UniBank Locations
Unibank16929 Highway 99, Suite 110Lynnwood, WA 98037
Federal Way Branch31433 Pacific Highway SouthFederal Way, WA 98003
Bellevue Branch3640 Factoria Boulevard SeBellevue, WA 98006
Tacoma Market Branch9701 S. Tacoma Way, Suite 107Lakewood, WA 98499