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United Bank

Zebulon, GA · Cert 172 · United Bk Employee STK Ownership Plan Tr

State charter, non-member · FDIC · 17 branches

Q2 2026

$2.2BAssets
$946.5MLoans
$1.9BDeposits
$260.0MEquity
Loan mix
87%RE $803.9M7%C&I $61.1M6%Consumer $56.5MQ2 2025Q2 2026
Deposit mix
60%Interest-bearing $1.1B40%Noninterest $0.7BQ2 2025Q2 2026

NIM

5.56%Q2 ’245.61%Q2 ’255.25%Q2 ’26+1%-6%

Non-interest income vs. expense

2.74%Q2 ’242.88%Q2 ’253.08%Q2 ’26+12%+10%

Market Position · Atlanta-Sandy Springs-Roswell, GA · 2026 SOD (annual) · 0.5% share · #20 of 81 inst. · $1.3B of $255.1B

35.7% Spalding
100.0% Lamar
47.3% Butts
71.3% Pike

Executive Summary

  • Earnings: ROA of 2.41%, down 21 bps year over year; NIM at 4.81%.
  • Asset quality: problem loans at 0.23% of loans (-30 bps YoY), with net charge-offs at 0.10%.
  • Capital: tier 1 leverage ratio of 12.75%, up 17 bps from a year ago.
  • Funding: loans stand at 50.29% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

2.41%-21 bps YoY

Net Interest Margin (quarter, annualized)

4.81%-32 bps YoY

Efficiency Ratio (quarter, annualized)

48.84%+502 bps YoY

Tier 1 Leverage Ratio

12.75%+17 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.62%2.65%2.62%2.59%2.41%-21 bps
Return on Equity21.73%21.81%23.13%24.20%20.74%-99 bps
Net Interest Margin5.14%5.01%4.87%4.71%4.81%-32 bps
Efficiency Ratio43.82%43.77%42.21%43.68%48.84%+502 bps
Non-Interest Burden1.44%1.37%1.18%1.24%1.58%+15 bps
Growth
Asset Growth (YoY)1.41%4.07%4.86%3.03%0.41%-100 bps
Loan Growth (YoY)6.03%6.49%3.22%0.85%2.63%-340 bps
Deposit Growth (YoY)-0.09%3.43%5.74%4.46%0.26%+35 bps
Asset Quality
Nonperforming Loans / Loans0.53%0.55%0.28%0.26%0.23%-30 bps
Net Charge-Offs / Loans0.41%0.36%0.37%-0.10%0.10%-31 bps
Allowance / Loans1.92%1.92%1.98%2.01%2.02%+11 bps
Allowance Coverage of NPLs3.6x3.5x7.2x7.8x8.8x+5.2x
Capital
Tier 1 Leverage Ratio12.59%13.18%11.24%11.94%12.75%+17 bps
Total Risk-Based Capital26.11%27.13%24.15%24.74%25.61%-49 bps
Equity / Assets11.80%12.47%10.22%11.22%12.04%+24 bps
Liquidity & Funding
Loans / Deposits49.12%49.62%44.96%48.05%50.29%+116 bps
Liquid Assets / Assets24.53%24.51%28.38%22.32%18.32%-621 bps
CRE / Total Capitaln/a173.55%197.83%186.41%n/an/a