# 1ST UNITED BANK
BOCA RATON, FL · FDIC certificate 35408 · asset band $1-10B · latest filing 2014-09 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 1 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $1.68B | |
| Deposits | $1.39B | |
| Loans and leases | $1.18B | |
| Total equity | $226.2M | |
| Loans / deposits | 84.20% (p49 of band) | 84.58% |
| Liquid assets / assets | 20.25% (p35 of band) | |
| Uninsured deposits / deposits | 33.69% (p75 of band) | 23.46% |
| Brokered deposits | 4.44% | |
| Wholesale funding | 7.49% (p44 of band) | |
| FHLB advances / assets | 2.08% | |
| Tier 1 leverage | 9.63% (p46 of band) | 9.78% |
| Unrealized securities loss / equity | -1.58% (p14 of band) | 0.41% |
| AOCI / equity | 2.68% (p81 of band) | |
| ROA (annualized) | 0.59% (p20 of band) | 0.93% |
| Net interest margin | 4.83% (p95 of band) | 3.52% |
| Efficiency ratio | 71.97% (p68 of band) | |
| Noncurrent loans | 2.13% (p84 of band) | 0.91% |
| Net charge-offs (annualized) | 0.11% (p67 of band) | |
| Reserve coverage of noncurrent | 37.54% | |
| Real estate % of loans | 86% | |
| Construction % of loans | 19.70% (p33 of band) | |
| Auto loans | $65,000 (0.01% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p37 of band) | |
| Deposits YoY | -1.8% | |
| Employees | 278 | |

## Flags firing in the latest filing

- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 2 | noncurrent p90 |  |
| 2013-06 | 1 |  | noncurrent p90 |
| 2013-09 | 2 | capital falling |  |
| 2013-12 | 1 |  | capital falling |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2014-05-08 [1st United, Palm Beach County's largest bank, acquired by New Jersey bank - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOYXktREtRM1NnOWt4c1MxWVp5cmxBSnR0QmFUVFAtdGVRVXBWWG13SHdZTUlNNDdzVUlMZjJUTV82ZWZabHl4cHFTdGllZHVFNnpfQkZFdFV3TVJUckxGODQ1NFNGUDhMU0paSkdPS3VaTFZ2U1RoRVZtUEhoMzZHRGE1Njk5dUxRdXZjd3FCMHBkbTVTSkh5cElvM1NrMTdIOHJmWjNISUY?oc=5) · The Business Journals
- 2016-10-25 [Obituary for Anthony James Comparato - Glick Family Funeral Home](https://news.google.com/rss/articles/CBMic0FVX3lxTE0zcmVyaVFISFJxNkRaYjUyemEwQWotblBrQ3gxdzBReUVDdUZYX0VJdHRWbm5Ba3N4blh4UUxWWjAyMjljOUUtQlU2cmEzUHFkZXJpTHUxVkNUR0pKXzNFMXhZM3o2N1BVWHRGRXBzc0tPNm8?oc=5) · Glick Family Funeral Home
- 2024-12-04 [List of Recent Failed Banks in the United States (2023-2024) - Norada Real Estate Investments](https://news.google.com/rss/articles/CBMia0FVX3lxTE4zaWFvQzhqc24zdE1QZ1haYnk2b1NsLWxONmNTTV9jVldzbjZqLUM1NV85U3dyaENaUGhWVm0wdllpUlNMZlIteHExdVUzS0JTdXlRWTJiUGJfaEtZSk5wcWhNNG1ZS0U5Y0Vz?oc=5) · Norada Real Estate Investments
- 2011-10-25 [1st United Bank CEO: There's still room to grow - The Business Journals](https://news.google.com/rss/articles/CBMingFBVV95cUxQYUU1T0JGZWU4UEZlS1pzV2k4TnQtbHZFb0RMT0lLSnhWaDRJYzZFWjZ5V3EtWW5ETU9CWjNlN0FmM0o1NDVzYWlJcC1Lb1lpOEtwOHlfdmhoQjZaQ052TjZwRWV2N1g0Y3FUdjVxYWpLZ3hna3BJSE9kTnVIM25tYnBtUGh3LVhrSW9IaTRlWEF0OWZUNTFURTd4VVo1Zw?oc=5) · The Business Journals
- 2014-08-28 [The Next Big Thing: Tradition in St. Lucie County is poised for big growth - Florida Trend](https://news.google.com/rss/articles/CBMingFBVV95cUxPR1dLS1h2SEdpVWdBaUdLeWh1aVJiNzdxdFM3QUNSN2tjQzlramozNTV0am5hWjl4M3FqeFkzelNBQmZLdGFkX0I0bzcwcTBLU1Yyc1ZjUkhSM0p5WGtJd1BNU2tBYllxSktWWDJERm5uUkZmNVV3dUpvZ3BLYXkwaXZPY2JDU0lWLW9TNXo5REFMZnhoV0FpMmRRT2t2UQ?oc=5) · Florida Trend
- 2013-03-17 [Bakersfield's ex-NFL star has home in foreclosure - KBAK](https://news.google.com/rss/articles/CBMilAFBVV95cUxPOW5VQ0dVa0trYjJ6bkx4eUoySVpkeXJaX0VJZU15XzRyYzFVTGZDNlZoLXdna3ZzU04wRWZ0Q1NISXRUZGlaU255NzJ0andZZS1pMVlWbktVSnVKelJPWE1wVUFaZ2pOMnRpaV91QjVFMnNLRjZnRWtkTTJyR1gzcnNIbWhJTEdrM0REQV96NGpMd0RL?oc=5) · KBAK
- 2018-09-09 [Anthony COLUCCI Obituary (2018) - Jupiter, FL - The Palm Beach Post - legacy.com](https://news.google.com/rss/articles/CBMilwFBVV95cUxPYUNiZ29YZkIwZTJXRFA5aXVYY2hFRDVQbkpHb09mOVJjYTc3NHpaSWwwNVVscV9rMU9Qd21UMDVySlJQdkZmdXhXQnMtcFUyZjZJdXQ0elRMT1RjMlJheGdiMFRjNXRFVGVwdjlNR0lKbXR1SHF0U09GU2F5ZjFHaEFEMHFvU2g3SkVqT2g3RmZWZmZwcEdz?oc=5) · legacy.com
- 2018-10-11 [Valley National Bank rebrands as 'Valley' - The Business Journals](https://news.google.com/rss/articles/CBMiowFBVV95cUxPTnRfbFZHZEpWTmE3WklaOEFqMVFrTGhLbExEVTdVbUxpUFJYU2RDWVNhT3AwS01Vb2ZXVXo5aU83X050NnlBYllUcnc5ZHZLRmd1eHY1a2hSajQ4NHI5Rl9xcTRRNW5MTWx5eDBxSTdIOVN0dVFLRXpaeGQ4a25GUjZPY3UtRVBJdnV6MV9WX0RDY3NaSmJaVXBmcE1RU2xoOG9N?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35408 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/16.json (key "35408", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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