UNITY BANCORP INC NJ (UNTY)
2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | |
|---|---|---|---|---|
| Noninterest income-Branch Fee Income | 465 | - | - | - |
| Noninterest income-Service And Loan Fee Income | 536 | - | - | - |
| Other income | 433 | 381 | 377 | 520 |
| Gain on sale of mortgage loans, net | 435 | 168 | 549 | 266 |
| Net security gains | 3,600 | -49 | 499 | 20 |
| Boli income | 183 | 151 | 135 | 189 |
| Gain on sale of sba loans held for sale, net | 163 | 139 | 70 | 305 |
| Noninterest income | - | 1,311 | 1,173 | 733 |
| Total noninterest income | 5,815 | 2,101 | 2,803 | 2,033 |
| The net (income) expense recognized in the period for promotion, public relations, and brand or product advertising | - | - | 465 | 397 |
| Professional services | 350 | 364 | 326 | 405 |
| Other expenses | 634 | 560 | 795 | 680 |
| Occupancy | 809 | 880 | 781 | 815 |
| Advertising | 456 | 391 | - | - |
| Loan related expenses | 265 | 46 | 223 | 351 |
| Compensation and benefits | 8,160 | 7,902 | 7,274 | 7,121 |
| Deposit insurance | 313 | 241 | 245 | 321 |
| Furniture and equipment | 787 | 746 | 803 | 819 |
| Processing and communications | 980 | 986 | 868 | 840 |
| Director fees | 265 | 495 | 232 | 231 |
| Total noninterest expense | 13,019 | 12,611 | 12,012 | 11,980 |
| Debt securities, available-for-sale, excluding accrued interest, allowance for credit loss, not previously recorded | - | - | - | 646 |
| Provision for credit losses, loans | 1,725 | 1,358 | 1,029 | 266 |
| Provision for credit losses, off-balance sheet | 136 | -41 | 51 | 13 |
| Time deposits | 6,560 | 6,415 | 6,186 | 5,832 |
| Savings deposits | 2,718 | 2,593 | 3,605 | 3,349 |
| Borrowed funds and subordinated debentures | 1,081 | 1,133 | 1,062 | 1,191 |
| Brokered deposits | 1,786 | 1,787 | 2,039 | 2,181 |
| Interest-bearing demand deposits | 1,898 | 1,622 | 1,802 | 2,010 |
| Total interest expense | 14,043 | 13,550 | 14,694 | 14,563 |
| Interest-bearing deposits | 487 | 332 | 695 | 435 |
| Sba ppp loans | - | 5 | 6 | 11 |
| Residential mortgage loans | 10,390 | 9,947 | 9,657 | 9,316 |
| Commercial loans | 25,736 | 24,260 | 22,283 | 21,160 |
| Sba loans | 856 | 929 | 1,153 | 1,276 |
| Consumer loans | 1,491 | 1,346 | 1,436 | 1,390 |
| Residential construction loans | 1,758 | 1,996 | 2,235 | 2,453 |
| Total loans | 40,231 | 38,483 | 36,770 | 35,606 |
| Tax-exempt | 17 | 18 | 17 | 17 |
| Taxable | 1,735 | 1,786 | 1,904 | 1,749 |
| Total securities | 1,752 | 1,804 | 1,921 | 1,766 |
| Fhlb stock | 130 | 182 | 164 | 180 |
| Total interest income | 42,600 | 40,801 | 39,550 | 37,987 |
| Net interest income | 28,557 | 27,251 | 24,856 | 23,424 |
| (release) provision for credit losses, securities | -2,036 | - | - | - |
| Net interest income after provision for credit losses | 28,732 | 25,934 | 23,776 | 22,499 |
| Income before provision for income taxes | 21,528 | 15,424 | 14,567 | 12,552 |
| Provision for income taxes | 5,037 | 3,826 | 3,662 | 3,098 |
| Net income | 16,491 | 11,598 | 10,905 | 9,454 |
| Earnings per share, basic | 1.64 | 1.15 | 1.09 | 0.94 |
| Earnings per share, diluted | 1.61 | 1.13 | 1.07 | 0.93 |
| Weighted average number of shares outstanding, basic | 10,033,000 | 10,054,000 | 9,978,000 | 10,016,000 |
| Weighted average number of shares outstanding, diluted | 10,212,000 | 10,247,000 | 10,148,000 | 10,149,000 |