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Q2 2026 · read from the 30 June 2026 Call Report · United States · Southeast · Virginia, the state note

United Bank

Fairfax, Virginia · $33.64B in assets · beside the 5 other Virginia banks over $10B

The filing

16.7%
Equity / assets
1st of 6
46.3%
Efficiency
1st of 6
91.6%
Loans / deposits
5th of 6

United Bank is the fourth largest of the 6 Virginia banks over $10B, with $33.64B in assets at 30 June 2026. Loans are 91.6% of deposits, 5th of 6 against a median of 89.1%, and equity is 16.7% of assets, the highest in the cohort. Loans grew +3.9% in the year, 4th of 6, and deposits grew 3.0%; the cohort's median loan growth is +4.4%.

Noncurrent loans are 0.44% of the book, 2nd of 6 against a median of 0.85%; 0.28% is 30 to 89 days past due, and the allowance covers them 2.7 times. Commercial real estate is 48.1% of loans, 5th of 6 against a median of 41.1%, and 299% of capital, below the 300% screen, with construction at 83% against the 100% screen.

Return on assets is 1.55%, 4th of 6 against a median of 1.58%, on an efficiency ratio of 46.3%, the lowest in the cohort. Five years ago it was 1.48%. The question is what the capital is for: the balance sheet carries less risk than it could.

The efficiency ratioVA banks over $10B · 30 June 2026 · lower is stronger, listed first
median 54.5% UB United Bank 46.3% AU Atlantic Union Bank 50.4% CO Capital One National Association 53.7% HB HSBC Bank USA National Association 55.4% T Townebank 57.8% BH Burke & Herbert Bank & Trust Co. 69.0%
Loans, year over yearVA banks over $10B · 30 June 2026 · no better direction, largest first
median +4.4% BH Burke & Herbert Bank & Trust Co. +43.1% T Townebank +22.9% AU Atlantic Union Bank +4.9% UB United Bank +3.9% CO Capital One National Association +2.2% HB HSBC Bank USA National Association -4.5%

SBA 7(a), FY2008 to FY2026

United Bank is the 35th largest 7(a) lender into Georgia of 409, with $149M across 147 loans, 0.8% of everything approved in the state (Metro City Bank leads with $1.91B). 102 of its 109 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Georgia, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Gwinnett, GA$24M30th of 1691.0%quiet FY2022
Forsyth, GA$23M8th of 1203.3%-2.9 pts
Fulton, GA$22M37th of 2110.7%quiet FY2022
Dekalb, GA$15M26th of 1511.0%-0.9 pts
Fairfax, VA$14M27th of 1691.1%quiet FY2017
Comal, TX$11M4th of 983.7%quiet FY2013
Cobb, GA$10M44th of 1820.6%quiet FY2022
Clayton, GA$9M10th of 932.4%quiet FY2021
Boone, KY$8M4th of 625.3%quiet FY2021
Pickens, GA$7M4th of 375.1%-11.1 pts
Prince William, VA$6M18th of 1051.7%quiet FY2017
Fayette, GA$6M11th of 901.9%quiet FY2021
Seminole, FL$5M39th of 1330.7%thin
96 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Accommodation & food services79$50M19.2%0.07%223rd of 2,596
Retail trade73$32M12.5%0.05%236th of 2,589
Manufacturing42$32M12.3%0.08%213th of 2,246
Professional & technical services70$30M11.4%0.09%144th of 1,955
Health care & social assistance40$28M10.8%0.06%205th of 2,172
7(a) lenders into Georgia, share of approvals since FY2008409 lenders on record; the ten largest and United Bank
MC Metro City Bank 9.6% $1.91B · 1,541 loans LO Live Oak Banking Company 4.9% $963M · 746 loans TH The Huntington National Bank 4.2% $835M · 1,424 loans AB Ameris Bank 4.0% $792M · 980 loans SB Southstate Bank, National Associa… 3.3% $661M · 785 loans TB Truist Bank 3.3% $654M · 1,625 loans PB Pinnacle Bank 3.1% $618M · 592 loans RB Renasant Bank 3.0% $597M · 783 loans HB Hometrust Bank 2.6% $515M · 441 loans WF Wells Fargo Bank National Associa… 2.5% $500M · 2,514 loans UB United Bank 0.8% $149M · 147 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
United BankRankCohort median
Total CRE against capital, the 300% screen299%5th of 6257%
Construction against capital, the 100% screen83%6th of 639%
Construction and land development, share of loans13.3%6th of 66.1%
Non-owner-occupied nonfarm nonresidential, share of loans25.0%3rd of 625.2%
Total CRE, the guidance definition, share of loans48.1%5th of 641.1%
CRE growth over 36 months, the third prong+28.4%3rd of 6+30.7%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Capital One National Association$662.16B1.6%53.7%1.49%3.27%5.0%89.2%14.9%
HSBC Bank USA National Association$173.10B1.0%55.4%1.45%0.16%0.6%39.2%9.6%
Atlantic Union Bank$38.02B1.6%50.4%0.50%0.02%1.0%93.8%15.2%
United Bank$33.64B1.5%46.3%0.44%0.09%1.2%91.6%16.7%
Townebank$22.62B2.1%57.8%0.22%0.10%1.3%82.2%13.2%
Burke & Herbert Bank & Trust Co.$10.98B0.9%69.0%1.19%0.03%1.2%88.9%12.1%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
United BankCohort median
20212026Change20212026Change
Loans$17.46B$25.03B+43%$15.60B$26.86B+72%
Deposits$21.79B$27.34B+25%$19.25B$28.96B+50%
NPA / loans0.50%0.44%-0.06 pts0.62%0.85%+0.23 pts
Efficiency54.0%46.3%-7.7 pts64.8%54.5%-10.3 pts
ROA1.48%1.55%+0.06 pts1.49%1.58%+0.09 pts

This read was prepared for United Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on United Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort VA banks over $10B
Institution www.bankwithunited.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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