United financial bancorp, inc. (UBNK)
Balance Sheet / TTM
Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Cash and due from banks

67

50

36

48

62

45

56

59

57

45

47

51

54

46

47

38

44

43

43

58

66

19

20

22

29

12

19

14

20

15

40

68

30

16

Short-term investments

46

104

61

29

46

23

32

39

17

39

43

162

42

40

47

59

40

46

43

26

23

12

24

31

53

45

15

24

13

24

0

0

50

44

Total cash and cash equivalents

114

155

97

78

109

69

88

98

74

84

90

214

97

87

95

98

84

89

86

84

89

32

45

54

83

57

35

38

33

39

40

68

80

60

Debt Securities, Available-for-sale

840

848

973

972

1,006

-

1,050

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans held for sale

38

16

78

86

85

63

114

89

157

87

62

83

30

7

10

13

28

13

8

6

19

3

0

2

3

6

5

5

0

-

-

2

0

0

Available-for-sale Securities

-

-

-

-

-

1,031

1,050

1,068

1,073

1,075

1,043

1,052

1,073

1,090

1,059

1,080

1,061

1,094

1,053

1,012

952

442

404

370

350

312

241

245

221

195

151

134

153

125

Held to maturity securities-at amortized cost

-

-

-

0

0

0

13

13

13

13

14

14

14

14

14

14

14

15

15

15

15

14

13

14

4

5

6

6

7

8

9

10

11

13

Loans receivable (net of allowance for loan losses of $53,206 at June 30, 2019 and $51,636 at December 31, 2018)

5,719

5,697

5,622

5,495

5,441

5,349

5,307

5,174

5,024

4,913

4,870

4,689

4,702

4,621

4,587

4,185

4,048

3,884

3,877

3,772

3,674

1,739

1,697

1,637

1,599

1,555

1,586

1,530

1,545

1,496

1,457

1,445

1,430

1,410

Federal Home Loan Bank of Boston stock, at cost

34

37

41

42

46

49

50

46

54

52

53

52

55

55

51

40

37

34

31

30

30

15

15

15

15

15

15

15

15

15

17

17

17

17

Accrued interest receivable

24

25

24

25

23

22

22

20

19

19

18

17

16

16

15

15

14

14

14

14

13

5

5

5

6

5

4

5

5

4

4

4

4

4

Deferred tax asset, net

27

27

32

31

30

28

25

30

27

37

39

32

31

32

33

31

31

29

33

25

22

9

10

14

13

11

10

9

10

10

10

7

7

11

Premises and equipment, net

62

63

68

67

67

67

67

61

54

51

51

52

53

53

54

55

57

57

57

57

52

25

24

22

22

21

20

18

17

16

15

15

14

14

Operating lease right-of-use assets

43

44

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease right-of-use assets

4

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

116

116

116

115

115

115

115

115

115

115

115

115

115

115

115

115

115

115

115

114

129

1

1

1

1

1

1

1

1

1

1

1

1

1

Core deposit intangible

5

5

6

3

3

4

4

4

5

5

5

6

6

7

7

7

8

8

9

9

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Derivative assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

4

5

-

-

-

-

0

-

-

-

-

-

-

-

Cash surrender value of bank-owned life insurance

195

194

193

181

180

179

148

171

170

169

167

126

126

125

125

125

124

123

122

121

120

64

64

63

63

58

58

57

56

56

31

30

10

10

Other real estate owned

-

-

-

-

-

-

-

-

-

-

-

2

-

-

-

0

0

1

2

2

3

2

1

2

2

2

2

2

2

2

3

0

0

0

Prepaid FDIC assessments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-

2

2

2

3

3

2

3

Federal income tax receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2

-

-

1

3

0

2

5

7

0

Other assets

107

102

100

107

98

88

105

81

85

71

65

83

91

90

59

58

53

49

49

40

30

8

16

14

15

7

9

6

4

4

2

3

3

2

Total assets

7,335

7,339

7,356

7,207

7,208

7,068

7,114

6,976

6,876

6,696

6,599

6,544

6,415

6,319

6,228

5,843

5,680

5,531

5,476

5,313

5,159

2,372

2,301

2,219

2,183

2,062

1,998

1,949

1,928

1,855

1,749

1,750

1,746

1,678

LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Deposits:
Non-interest-bearing

843

777

799

759

770

753

778

725

721

690

708

687

673

693

657

622

610

598

602

659

649

275

266

259

248

226

238

223

220

216

206

181

166

168

Interest-bearing

4,882

4,886

4,870

4,741

4,622

4,528

4,419

4,427

4,271

4,099

4,003

4,007

3,781

3,840

3,779

3,640

3,571

3,558

3,432

3,369

3,328

1,533

1,468

1,432

1,338

1,320

1,265

1,253

1,234

1,165

1,120

1,115

1,110

1,050

Total deposits

5,726

5,664

5,670

5,500

5,393

5,282

5,198

5,153

4,993

4,790

4,711

4,695

4,455

4,534

4,437

4,262

4,182

4,157

4,035

4,029

3,978

1,808

1,735

1,692

1,587

1,546

1,504

1,477

1,455

1,382

1,326

1,297

1,276

1,219

Mortgagors’ and investors’ escrow accounts

14

11

4

9

14

11

7

9

15

10

13

9

14

9

13

8

15

8

13

6

11

3

6

3

7

4

6

3

6

3

5

3

6

6

Advances from Federal Home Loan Banks

651

737

797

812

925

913

1,046

950

990

1,008

1,046

977

1,099

926

949

746

673

543

580

594

483

245

192

-

-

172

143

118

125

125

65

94

116

261

Other borrowings

90

89

102

113

116

116

118

118

148

171

122

125

122

146

150

147

152

164

196

-

-

-

48

-

-

-

-

-

-

-

-

-

-

-

Operating Lease, Liability

55

56

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance Lease, Liability

4

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal Home Loan Bank advances and other borrowings (note 8)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

196

272

-

-

-

-

-

-

-

-

-

AVAILABLE FOR SALE SECURITIES PAYABLE

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Accrued expenses and other liabilities

73

52

69

61

56

51

50

54

49

49

49

81

79

69

53

56

45

47

48

31

33

14

20

31

19

17

23

22

17

16

17

19

14

24

Total liabilities

6,615

6,615

6,644

6,497

6,506

6,375

6,420

6,285

6,196

6,030

5,943

5,888

5,770

5,685

5,603

5,221

5,068

4,921

4,874

4,662

4,506

2,072

2,002

1,923

1,886

1,741

1,678

1,621

1,605

1,527

1,416

1,414

1,414

1,511

Commitments and contingencies (notes 6 and 19)

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders’ equity:
Preferred stock (no par value; 2,000,000 authorized; no shares issued)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock (no par value; authorized 120,000,000 shares; 51,094,995 and 51,104,783 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively)

539

539

539

539

539

536

537

533

531

531

531

526

523

521

519

513

513

510

514

556

560

243

243

243

243

243

243

243

243

243

243

243

243

85

Additional paid-in capital

3

2

1

5

4

5

4

8

7

7

7

10

10

10

10

14

14

15

16

15

15

16

15

14

14

14

13

12

11

15

15

15

14

4

Unearned compensation - ESOP

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

6

6

6

6

6

6

7

7

7

8

8

8

8

9

9

9

10

3

Retained earnings

193

203

206

200

190

180

168

164

155

145

137

129

120

117

112

107

100

92

84

88

83

94

96

96

94

94

91

94

92

92

90

88

86

90

Accumulated other comprehensive loss, net of tax

-11

-16

-30

-30

-26

-23

-11

-9

-10

-12

-15

-3

-4

-10

-10

-8

-10

-2

-6

-2

-0

-3

-4

-9

-8

-4

-4

-4

-6

-6

-6

-2

-3

-1

Treasury stock, at cost (3,487,886 shares at December 31, 2013)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

44

44

43

39

18

16

10

10

7

-

0

0

9

Total stockholders’ equity

720

724

712

709

701

693

693

690

679

665

655

656

644

633

625

621

611

610

602

651

652

300

299

295

296

320

320

327

322

327

333

335

332

166

Total liabilities and stockholders’ equity

7,335

7,339

7,356

7,207

7,208

7,068

7,114

6,976

6,876

6,696

6,599

6,544

6,415

6,319

6,228

5,843

5,680

5,531

5,476

5,313

5,159

2,372

2,301

2,219

2,183

2,062

1,998

1,949

1,928

1,855

1,749

1,750

1,746

1,678