United Bank Earnings and Mortgage Banking Summary
DEPOSIT SUMMARY
Deposits, EOP
$25,000 $23,350
$23,474
$20,000
$15,000
$10,000
$5,000
is
$16,000
$14,000
$12,000
$10,000
$8,000
$6,000
$4,000
$2,000
is
4Q22 % of Total LQ Change
Non Interest Bearing
$
7,200
32.3% $ (419)
Interest Bearing Transaction $
5,117
22.9% $
(202)
$23,027
$22,863
$22,303
Regular Savings
$
1,678
7.5% $
(63)
Money Market Accounts
$
6,299
28.2% $
98
Time Deposits < $100,000
$
844
3.8% $
(20)
Time Deposits > $100,000
$ 1,165
Total Deposits
$ 22,303
5.2% $
100.0% $ (560)
47
4Q21
1Q22
2Q22
3Q22
4Q22
$ in millions
13
Average Deposits
•
•
•
Strong core deposit base with 32% of deposits in Non Interest Bearing
accounts.
LQ deposits decreased $560 million driven by Non Interest Bearing accounts
and Interest Bearing Transaction accounts.
Interest bearing deposit beta of ~48% and total deposit beta of ~32% in
4Q22, and cumulative betas of ~27% and ~18%, respectively, since 1Q22.
Enviable deposit franchise with an attractive mix of both high growth MSA's
and stable, rural markets with a dominant market share position.
Top 10 Deposit Markets by MSA (as of 6/30/22)
Total Deposits In
Market ($000)
Number of
IMSA
Branches
Rank
Washington, DC
10,167,928
60
7
Charleston, WV
1,442,649
7
Morgantown, WV
1,215,804
6
Myrtle Beach, SC
881,399
11
Richmond, VA
818,349
12
Parkersburg, WV
738,802
4
Hagerstown, MD
657,411
6
225913
Interest Bearing
Non Interest Bearing
Charlotte, NC
534,710
7
16
Wheeling, WV
520,156
6
2
4Q21 1Q22 2Q22 3Q22 4Q22
Charleston, SC
519,950
80
11
Source: S&P Global Market IntelligenceView entire presentation