For the quarter ending 2025-09-30, UNTY made $74,381,000 in revenue. $14,390,000 in net income. Net profit margin of 19.35%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Interest-bearing deposits | 472,000 | 487,000 | 332,000 | 451,500 |
| Fhlb stock | 121,000 | 130,000 | 182,000 | 222,500 |
| Taxable | 1,735,000 | 1,735,000 | 1,786,000 | 1,829,500 |
| Tax-exempt | 18,000 | 17,000 | 18,000 | 18,000 |
| Total securities | 1,753,000 | 1,752,000 | 1,804,000 | 1,847,500 |
| Sba loans | 964,000 | 856,000 | 929,000 | 1,214,000 |
| Commercial loans | 27,197,000 | 25,736,000 | 24,260,000 | 22,165,000 |
| Sba ppp loans | - | - | 5,000 | 6,500 |
| Residential mortgage loans | 10,749,000 | 10,390,000 | 9,947,000 | 9,398,500 |
| Consumer loans | 1,469,000 | 1,491,000 | 1,346,000 | 1,390,500 |
| Residential construction loans | 1,636,000 | 1,758,000 | 1,996,000 | 2,404,500 |
| Total loans | 42,015,000 | 40,231,000 | 38,483,000 | 36,579,000 |
| Total interest income | 44,361,000 | 42,600,000 | 40,801,000 | 39,100,500 |
| Interest-bearing demand deposits | 1,998,000 | 1,898,000 | 1,622,000 | 1,682,000 |
| Savings deposits | 3,177,000 | 2,718,000 | 2,593,000 | 3,026,000 |
| Brokered deposits | 2,003,000 | 1,786,000 | 1,787,000 | 2,096,000 |
| Time deposits | 6,247,000 | 6,560,000 | 6,415,000 | 5,450,000 |
| Borrowed funds and subordinated debentures | 1,080,000 | 1,081,000 | 1,133,000 | 1,681,000 |
| Total interest expense | 14,505,000 | 14,043,000 | 13,550,000 | 13,935,000 |
| Net interest income | 29,856,000 | 28,557,000 | 27,251,000 | 25,165,500 |
| Provision for credit losses, loans | 1,409,000 | 1,725,000 | 1,358,000 | 556,000 |
| (release) provision for credit losses, off-balance sheet | -80,000 | 136,000 | -41,000 | -31,500 |
| Provision for credit losses, afs securities | - | - | - | 298,333.333 |
| (release) provision for credit losses, securities | -787,000 | -2,036,000 | - | - |
| Net interest income after provision for credit losses | 29,314,000 | 28,732,000 | 25,934,000 | 24,193,500 |
| Noninterest income-Branch Fee Income | 450,000 | - | - | - |
| Noninterest income-Service And Loan Fee Income | 607,000 | - | - | - |
| Gain on sale of sba loans held for sale, net | 238,000 | 163,000 | 139,000 | 142,500 |
| Gain on sale of mortgage loans, net | 582,000 | 435,000 | 168,000 | 336,500 |
| Noninterest income-Branch Fee Income | - | 465,000 | - | - |
| Boli income | 211,000 | 183,000 | 151,000 | 110,000 |
| Noninterest income | - | - | 1,311,000 | 825,000 |
| Noninterest income-Service And Loan Fee Income | - | 536,000 | - | - |
| Net security gains | 475,000 | 3,600,000 | -49,000 | 33,500 |
| Other income | 404,000 | 433,000 | 381,000 | 369,000 |
| Total noninterest income | 2,967,000 | 5,815,000 | 2,101,000 | 1,816,500 |
| Compensation and benefits | 8,430,000 | 8,160,000 | 7,902,000 | 7,677,000 |
| Processing and communications | 1,150,000 | 980,000 | 986,000 | 882,500 |
| Occupancy | 838,000 | 809,000 | 880,000 | 794,000 |
| Furniture and equipment | 838,000 | 787,000 | 746,000 | 759,000 |
| Professional services | 405,000 | 350,000 | 364,000 | 476,000 |
| Advertising | 456,000 | 456,000 | 391,000 | 402,750 |
| Loan related expenses | 151,000 | 265,000 | 46,000 | 282,000 |
| Deposit insurance | 320,000 | 313,000 | 241,000 | 267,000 |
| Director fees | 263,000 | 265,000 | 495,000 | 246,500 |
| Other expenses | 564,000 | 634,000 | 560,000 | 616,000 |
| Total noninterest expense | 13,415,000 | 13,019,000 | 12,611,000 | 12,374,500 |
| Income before provision for income taxes | 18,866,000 | 21,528,000 | 15,424,000 | 13,635,500 |
| Provision for income taxes | 4,476,000 | 5,037,000 | 3,826,000 | 3,090,000 |
| Net income | 14,390,000 | 16,491,000 | 11,598,000 | 10,545,500 |
| Earnings per share, basic | 1.43 | 1.64 | 1.15 | 1.05 |
| Earnings per share, diluted | 1.41 | 1.61 | 1.13 | 1.03 |
| Weighted average number of shares outstanding, basic | 10,036,000 | 10,033,000 | 10,054,000 | -4,981,500 |
| Weighted average number of shares outstanding, diluted | 10,233,000 | 10,212,000 | 10,247,000 | -5,047,500 |
UNITY BANCORP INC NJ (UNTY)
UNITY BANCORP INC NJ (UNTY)