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Overview / Commentary
514 Market Street
Parkersburg, WV 26101

United Bank (WV) is headquartered in Parkersburg and is the 2nd largest bank in the state of West Virginia. It is also the 176th largest bank in the nation. It was established in 1839 and as of December of 2013, it had grown to 992 employees at 63 locations. United Bank (WV) has a B+ health rating.

Reviews (1)

Lack Of Confidentiality Regarding Your Finances

What ever happened to the adage that says banking is confidential. If you do not want other people to know your business do not do any banking with the united Bank in Parkersburg on Market Street. I own a small business And in the course of getting a line of credit I gave United some financial information. The commercial loan officer who knew one of the MINORITY stock holders informed them about company business and shared the financials and discussed other items to which that shareholder was not entitled to know about. I was about to merge all three of our branches account business there as we at present only have the account for one branch at united. I cannot be assured that my account information will be kept confidential so now because if this unethical breech I am closing the existing account and merging all three elsewhere. This is the second occurrence with the same bank officer with that shareholder. Shame on him!



Health

Data for Q4 2013

Institution Health

B+

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 United Bank (WV) had $57.24 million in non-current loans and owned real-estate with $545.25 million in equity and loan loss allowances on hand to cover it. This gives United Bank (WV) a Texas Ratio of 10.50% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for United Bank (WV) decreased slightly from 14.16% as of December 31, 2012 to 10.50% as of December 31, 2013, resulting in a positive change of 25.87%.This indicates that the balance sheet and financial strength for United Bank (WV) has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, United Bank (WV) has increased its total deposits by $100.36 million, resulting in 2.47% 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 (WV) 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. United Bank (WV) has $5.08 billion in assets with $545.25 million in equity, resulting in a capitalization level of 10.73%, which is above average.

Institution Statistics

Overall
FDIC Certificate #6784
Year Established1839
Employees992
Primary RegulatorFED
Assets and Liabilities
Assets$5.08 billion
Loans$4.10 billion
Deposits$4.17 billion
Equity Capital$506.18 million
Loan Loss Allowance$39.07 million
Unbacked Noncurrent Loans$39.01 million
Real Estate Owned$18.23 million
Historic Data - December 2012
Assets$4.93 billion
Equity Capital$483.64 million
Loan Loss Allowance$37.37 million
Unbacked Noncurrent Loans$39.01 million
Real Estate Owned$25.04 million
Profit Margin - Quarterly
Net Interest Margin3.64%
Return on Assets1.24%
Return on Equity12.59%
Interest Income$184.31 million
Rates

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Locations

United Bank (WV) has 63 locations. Click to view all United Bank (WV) locations.