GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Unity Bancorp Inc (NAS:UNTY) » Definitions » Total Assets

UNTY (Unity Bancorp) Total Assets : $2,635.3 Mil (As of Sep. 2024)


View and export this data going back to 1989. Start your Free Trial

What is Unity Bancorp Total Assets?

Unity Bancorp's Total Assets for the quarter that ended in Sep. 2024 was $2,635.3 Mil.

During the past 12 months, Unity Bancorp's average Total Assets Growth Rate was 1.50% per year. During the past 3 years, the average Total Assets Growth Rate was 6.60% per year. During the past 5 years, the average Total Assets Growth Rate was 8.70% per year. During the past 10 years, the average Total Assets Growth Rate was 11.10% per year.

During the past 13 years, Unity Bancorp's highest 3-Year average Total Assets Growth Rate was 44.90%. The lowest was -7.10%. And the median was 11.40%.

Total Assets is connected with ROA %. Unity Bancorp's annualized ROA % for the quarter that ended in Sep. 2024 was 1.67%. Total Assets is also linked to Revenue through Asset Turnover. Unity Bancorp's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.


Unity Bancorp Total Assets Historical Data

The historical data trend for Unity Bancorp's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Unity Bancorp Total Assets Chart

Unity Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,718.94 1,958.91 2,033.71 2,444.95 2,578.51

Unity Bancorp Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,563.01 2,578.51 2,568.09 2,597.71 2,635.32

Unity Bancorp Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Unity Bancorp's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=261.43+2317.077
=2,578.5

Unity Bancorp's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets=Total Equity (Q: Sep. 2024 )+Total Liabilities (Q: Sep. 2024 )
=284.257+2351.062
=2,635.3

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Unity Bancorp  (NAS:UNTY) Total Assets Explanation

Total Assets is connected with ROA %.

Unity Bancorp's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=43.62/( (2597.707+2635.319)/ 2 )
=43.62/2616.513
=1.67 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Unity Bancorp's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=27.436/( (2597.707+2635.319)/ 2 )
=27.436/2616.513
=0.01

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Unity Bancorp Total Assets Related Terms

Thank you for viewing the detailed overview of Unity Bancorp's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


Unity Bancorp Business Description

Traded in Other Exchanges
Address
64 Old Highway 22, Clinton, NJ, USA, 08809
Unity Bancorp Inc is a bank holding company that serves as a holding company for Unity Bank. It conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts, regular savings accounts, and others. The company structures its specific services and charges in a manner designed to attract the business of small and medium-sized businesses and professional communities, as well as individuals residing, working, and shopping in its service area. The company engages in a wide range of lending activities and offers commercial, Small Business Administration, consumer, mortgage, home equity, and personal loans.
Executives
Peter E Maricondo director 4 DEXTER DRIVE SOUTH, BASKING RIDGE NJ 07920
Mark S Brody director
George Boyan officer: Chief Financial Officer C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
James A Hughes director, officer: President/CEO C/O UNITYBANK CORP, 64 OLD HWY 22, CLINTON NJ 08809
Vincent Geraci officer: Director of Mortgage Lending C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
James Joseph Donovan officer: Chief Lending Officer/SVP C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Minsu Kim officer: Chief Credit Officer/SVP C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Mary E. Gross director C/O UNITY BANK, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Daniel C Sharabba officer: Senior Retail Officer/SVP C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Souders Donald E. Jr. director C/O UNITY BANK, 64 OLD HIGHWAY 22, CLINTON NJ 08809
James R Davies officer: Controller/FVP C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Dallas Robert H Ii director, 10 percent owner C/O UNITY BANCORP INC, 64 OLD HIGHWAY 22, CLINTON NJ 08809
David D Dallas director, 10 percent owner, other: Chairman of the Board C/O UNITY BANCORP INC, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Wayne Courtright director 9 MICHAEL COURT, MILLSTONE TOWNSHIP NJ 07726
John J Kauchak officer: EVP/COO C/O UNITYBANK CORP, 64 OLD HWY 22, CLINTON NJ 08809