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United Bank

Atmore, AL · Cert 58 · United Bcorp of Alabama Inc.

State charter, non-member · FDIC · 19 branches

Q2 2026

$1.5BAssets
$942.2MLoans
$1.2BDeposits
$221.1MEquity
Loan mix
71%RE $571.0M25%C&I $197.7M4%Consumer $31.7MQ2 2025Q2 2026
Deposit mix
57%Interest-bearing $694.1M43%Noninterest $530.3MQ2 2025Q2 2026

NIM

5.14%Q2 ’245.32%Q2 ’255.26%Q2 ’26+2%-2%

Non-interest income vs. expense

2.79%Q2 ’242.91%Q2 ’252.92%Q2 ’26+7%+3%

Market Position · Daphne-Fairhope-Foley, AL · 2026 SOD (annual) · 5.8% share · #6 of 32 inst. · $0.4B of $6.7B

5.8% Baldwin
33.6% Escambia
11.3% Santa Rosa
30.8% Monroe

Executive Summary

  • Earnings: ROA of 1.49%, up 5 bps year over year; NIM at 4.17%.
  • Asset quality: problem loans at 1.35% of loans (+27 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 15.79%, up 89 bps from a year ago.
  • Funding: loans stand at 76.95% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.49%+5 bps YoY

Net Interest Margin (quarter, annualized)

4.17%-8 bps YoY

Efficiency Ratio (quarter, annualized)

60.39%+189 bps YoY

Tier 1 Leverage Ratio

15.79%+89 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.44%1.27%1.24%1.13%1.49%+5 bps
Return on Equity10.28%8.87%8.45%7.62%9.99%-29 bps
Net Interest Margin4.25%4.23%4.13%3.88%4.17%-8 bps
Efficiency Ratio58.50%63.41%66.35%65.22%60.39%+189 bps
Non-Interest Burden2.18%2.41%2.49%2.29%2.25%+7 bps
Growth
Asset Growth (YoY)19.57%3.46%3.74%4.17%4.53%-1,504 bps
Loan Growth (YoY)13.18%5.42%2.40%2.22%5.54%-764 bps
Deposit Growth (YoY)17.15%2.02%2.27%3.46%3.91%-1,324 bps
Asset Quality
Nonperforming Loans / Loans1.09%0.89%1.77%1.78%1.35%+27 bps
Net Charge-Offs / Loans1.58%0.43%0.19%0.01%0.04%-154 bps
Allowance / Loans1.35%1.31%1.32%1.37%1.31%-4 bps
Allowance Coverage of NPLs1.2x1.5x0.7x0.8x1.0x-0.3x
Capital
Tier 1 Leverage Ratio14.89%15.20%15.38%15.49%15.79%+89 bps
Total Risk-Based Capital21.77%21.48%21.89%22.06%21.86%+9 bps
Equity / Assets14.13%14.59%14.73%14.87%14.93%+80 bps
Liquidity & Funding
Loans / Deposits75.76%76.86%74.85%75.29%76.95%+119 bps
Liquid Assets / Assets8.07%8.06%6.55%5.36%4.14%-393 bps
CRE / Total Capitaln/a187.18%181.29%178.96%n/an/a