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Overview / Commentary
95 Elm Street
West Springfield, MA 01089

United Bank is a publicly traded bank (NASDAQ:UBNK) that offers a wide range of financial products and services. The bank is a certified SBA lender and also offers a complete line of commercial lending and business banking products.

On its personal banking side, United Bank features a free checking account that comes with checks, free ATM usage, a debit card, and online banking. Other checking accounts include those offering variable rates of interest when certain conditions are met, as well as an account customized for seniors. The bank’s savings accounts features free ATM access at United Bank ATMs and require a minimum daily balance in order to avoid a monthly fee. ATM cards are available with any checking or savings account. United Bank’s money market accounts offer increased rates of interest based on account balances and also have monthly fees if average account balances are not met. CDs and IRA CDs offer a range of term lengths from 3 months to 5 years. United Bank offers similar accounts on its business banking side as well.

United Bank online banking allows customers to access their accounts at any time to accomplish a number of tasks like transferring funds and paying bills. The bank also has a smartphone app on which customers can perform online banking while on the go, as well as set account alerts to keep them aware of balance levels.

United Bank was originally established in 1882 as the United Co-operative Bank. More than 100 years passed before the bank finally became FDIC insured and moved its headquarters to West Springfield, Massachusetts, in 1986. In 2004 the bank changed its name to United Bank and changed its organization type to a mutual savings bank with the FDIC. It serves its customers through multiple branches located across the state of Massachusetts.

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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 United Bank (MA) had $14.85 million in non-current loans and owned real-estate with $314.14 million in equity and loan loss allowances on hand to cover it. This gives United Bank (MA) a Texas Ratio of 4.73% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for United Bank (MA) experienced no significant changes from 4.90% as of March 31, 2013 to 4.73% as of March 31, 2014, resulting in a positive change of 3.62%.This indicates that the balance sheet and financial strength for United Bank (MA) has had no significant changes in recent periods.

Deposit Growth


In the past year, United Bank (MA) has increased its total deposits by $59.45 million, resulting in 3.12% 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 United Bank (MA) 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. United Bank (MA) has $2.46 billion in assets with $314.14 million in equity, resulting in a capitalization level of 12.75%, which is excellent.

Institution Statistics

FDIC Certificate #26486
Year Established1882
Primary RegulatorOCC
Assets and Liabilities
Assets$2.46 billion
Loans$1.85 billion
Deposits$1.96 billion
Equity Capital$300.55 million
Loan Loss Allowance$13.59 million
Unbacked Noncurrent Loans$12.93 million
Real Estate Owned$1.92 million
Historic Data - March 2013
Assets$2.43 billion
Equity Capital$305.58 million
Loan Loss Allowance$12.70 million
Unbacked Noncurrent Loans$12.93 million
Real Estate Owned$1.41 million
Profit Margin - Quarterly
Net Interest Margin3.47%
Return on Assets0.85%
Return on Equity7.05%
Interest Income$23.04 million

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United Bank (MA) Savings Account Rates

0.25%--Advantage for Life Savings
0.20%$1m-Business Capital Growth
0.20%$20k-Capital Growth/IRA
0.05%--Business Savings
0.05%--Regular Savings

United Bank (MA) Money Market Rates

0.10%$2,500-Business Money Market
0.10%--IRA Money Market
0.10%$2,500-Money Market

United Bank (MA) Checking Account Rates

0.10%--Nonprofit Checking
0.01%--NOW Checking

United Bank (MA) CD Rates

1.20%$500-60 Month CD
1.00%$500-48 Month CD
0.80%$500-36 Month CD
0.55%$500-24 Month CD
0.30%$500-18 Month CD
0.25%$500-12 Month CD
0.20%$500-6 Month CD
0.05%$500-3 Month CD

United Bank (MA) IRA Rates

0.30%$500-18 Month Fixed Rate IRA
0.05%$500-18 Month Variable Rate IRA

United Bank (MA) has 37 locations. Click to view all United Bank (MA) locations.