The bank maintains a healthy capital position with an equity-to-assets ratio of 0.12, although total assets are heavily concentrated in a $2.7 billion investment securities portfolio.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 1.28B | 340.53M | 195.97M | 286.54M | 210.19M | 301.3M | 68.37M | 85.38M | 66.74M | 75.99M | 62.67M | 75.55M | 89.42M | 105.41M | 113.24M | 106.45M | 17.64M | 73.64M | 18.9M | 14.34M | 14.73M | 11.95M | 12.44M | 11.91M | 12.24M | 16.83M | 13.74M | 15.1M | 32.5M | 32.6M | 33.4M |
| Cash & Due from Banks | 229.16M | 216.52M | 180.44M | 194.78M | 114.79M | 244.82M | 22.75M | 21.11M | 20.03M | 23.7M | 22.11M | 22.68M | 29.35M | 24.27M | 23.7M | 17.69M | 17.64M | 73.64M | 18.9M | 14.34M | 14.73M | 11.95M | 12.44M | 11.91M | 12.24M | 16.83M | 13.74M | 15.1M | 32.5M | 32.6M | 33.4M |
| Short Term Investments | 115.27M | 124.02M | 15.53M | 91.77M | 95.39M | 56.48M | 45.62M | 64.28M | 46.71M | 52.29M | 40.57M | 52.87M | 60.07M | 81.13M | 89.54M | 88.77M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 2.68B | 138.33M | 2.38B | 2.28B | 2.22B | 1.71B | 1.65B | 1.48B | 1.35B | 1.23B | 1.02B | 947.53M | 829.36M | 773.07M | 683.33M | 683.78M | 729.81M | 812.2M | 825.13M | 680.34M | 608.48M | 548.01M | 469.32M | 426.75M | 389.45M | 350.09M | 294.42M | 394.7M | 205.9M | 174.2M | 134.1M |
| Investments Growth % | -66.11% | -94.19% | 4.25% | 2.68% | 30.2% | 3.3% | 11.94% | 8.99% | 10.25% | 20% | 8.03% | 14.25% | 7.28% | 13.13% | -0.07% | -6.31% | -10.14% | -1.57% | 21.28% | 11.81% | 11.03% | 16.77% | 9.97% | 9.58% | 11.24% | 18.91% | -25.41% | 91.7% | 18.2% | 29.9% | - |
| Long-Term Investments | 7.55B | 14.31M | 2.36B | 2.19B | 2.13B | 1.65B | 1.61B | 1.41B | 1.31B | 1.18B | 983.02M | 894.67M | 769.28M | 691.94M | 593.79M | 595.01M | 729.81M | 812.2M | 825.13M | 680.34M | 608.48M | 548.01M | 469.32M | 426.75M | 389.45M | 350.09M | 294.42M | 394.7M | 205.9M | 174.2M | 134.1M |
| Accounts Receivables | 13.26M | 12.9M | 12.69M | 13.58M | 13.4M | 9.59M | 10.43M | 6.98M | 6.4M | 5.45M | 4.46M | 3.88M | 3.52M | 3.27M | 3.3M | 3.7M | 3.79M | 4.22M | 4.71M | 3.99M | 3.93M | 3.17M | 2.49M | 2.39M | 2.58M | 2.26M | 2.84M | 2.9M | 1.2M | 1.3M | 1.1M |
| Goodwill & Intangibles | 1.52M | 1.52M | 1.52M | 1.52M | 1.52M | 1.52M | 1.52M | 1.52M | 1.52M | 1.52M | 1.52M | 1.52M | 1.52M | 1.52M | 1.52M | 1.53M | 1.54M | 1.56M | 3.08M | 1.59M | 1.6M | 1.62M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 1.52M | 1.52M | 1.52M | 1.52M | 1.52M | 1.52M | 1.52M | 1.52M | 1.52M | 1.52M | 1.52M | 1.5M | 1.5M | 1.5M | 1.5M | 0 | 0 | 1.56M | 1.57M | 1.59M | 1.6M | 1.62M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16K | 16K | 16K | 16K | 1.53M | 1.54M | 0 | 1.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 18.12M | 18.02M | 18.78M | 19.57M | 20M | 25.11M | 22.59M | 24.11M | 23.37M | 23.47M | 23.4M | 15.17M | 15.23M | 15.67M | 12.06M | 11.35M | 10.97M | 11.77M | 12.58M | 12.1M | 11.61M | 10.59M | 7.44M | 5.98M | 8.67M | 8.57M | 9.38M | 12.4M | 4.6M | 4.3M | 3.1M |
| Other Assets | 42.96M | 2.54B | 47.59M | 54.62M | 51.44M | 29.75M | 236.45M | 181.54M | 165.28M | 166.75M | 107.1M | 87.37M | 123.24M | 95.65M | 86.79M | 82.22M | 43.84M | 14.92M | 29.76M | 39.45M | 53.41M | 38.84M | 23.73M | 20.39M | 20.21M | 1.48M | 35.63M | 13.87M | 10.4M | 1.4M | 1M |
| Total Current Assets | 394.83M | 377.77M | 208.66M | 300.12M | 232.73M | 316.9M | 82.5M | 94.5M | 76.11M | 83.7M | 69.36M | 80.17M | 93.66M | 109.59M | 119.61M | 113.85M | 24.69M | 82.6M | 23.61M | 18.72M | 19M | 15.11M | 14.93M | 14.3M | 14.82M | 19.09M | 16.58M | 18M | 33.7M | 33.9M | 34.5M |
| Total Non-Current Assets | 2.65B | 2.59B | 2.45B | 2.28B | 2.21B | 1.72B | 1.88B | 1.62B | 1.5B | 1.37B | 1.12B | 1B | 915.13M | 811.53M | 700.12M | 697M | 793.72M | 847.76M | 874.7M | 733.48M | 675.1M | 599.06M | 500.49M | 453.12M | 418.34M | 360.14M | 339.43M | 420.97M | 220.9M | 179.9M | 138.2M |
| Total Assets | 3.03B | 2.97B | 2.65B | 2.58B | 2.44B | 2.03B | 1.96B | 1.72B | 1.58B | 1.46B | 1.19B | 1.08B | 1.01B | 921.12M | 819.73M | 810.85M | 818.41M | 930.36M | 898.31M | 752.2M | 694.11M | 614.17M | 515.42M | 467.42M | 432.87M | 379.23M | 356M | 438.97M | 254.6M | 213.8M | 172.7M |
| Asset Growth % | 43.03% | 11.78% | 2.93% | 5.46% | 20.22% | 3.82% | 13.96% | 8.85% | 8.5% | 22.32% | 9.68% | 7.54% | 9.52% | 12.37% | 1.1% | -0.92% | -12.03% | 3.57% | 19.43% | 8.37% | 13.01% | 19.16% | 10.27% | 7.98% | 14.14% | 6.52% | -18.9% | 72.42% | 19.08% | 23.8% | - |
| Return on Assets (ROA) | 2.06% | 2.06% | 1.58% | 1.58% | 1.72% | 1.81% | 1.29% | 1.43% | 1.44% | 0.97% | 1.16% | 0.91% | 0.66% | 0.59% | 0.52% | 0.31% | 0.26% | -0.12% | 0.23% | 0.65% | 0.89% | 1.1% | 1.08% | 1.02% | 0.91% | 0.56% | -1.49% | -0.98% | 0.9% | 1.03% | 0.58% |
| Accounts Payable | 0 | 0 | 1.7M | 1.92M | 691K | 129K | 248K | 455K | 406K | 436K | 430K | 461K | 474K | 454K | 434K | 523K | 556K | 710K | 805K | 635K | 475K | 274K | 176K | 185K | 280K | 366K | 667K | 1.2M | 400K | 500K | 500K |
| Total Debt | 258.58M | 266.08M | 230.81M | 366.75M | 398.91M | 55.61M | 212.73M | 293.31M | 220.31M | 285.31M | 146.31M | 107.47M | 140.47M | 122.47M | 90.47M | 90.47M | 90.47M | 100.47M | 120.47M | 100.47M | 79.74M | 49.28M | 44.28M | 19.28M | 22.05M | 15.71M | 12.9M | 57.1M | 300K | 300K | 400K |
| Net Debt | 29.42M | 49.56M | 50.38M | 171.97M | 284.12M | -189.21M | 189.98M | 272.2M | 200.28M | 261.61M | 124.2M | 84.78M | 111.11M | 98.19M | 66.76M | 72.78M | 72.83M | 26.83M | 101.56M | 86.13M | 65.02M | 37.33M | 31.84M | 7.36M | 9.81M | -1.13M | -841K | 42M | -32.2M | -32.3M | -33M |
| Long-Term Debt | 10.31M | 266.08M | 230.81M | 366.75M | 393.31M | 50.31M | 210.31M | 293.31M | 220.31M | 285.31M | 131.31M | 92.47M | 125.47M | 77.47M | 45.47M | 45.47M | 15.46M | 15.46M | 15.46M | 100.47M | 79.74M | 49.28M | 44.28M | 19.28M | 22.05M | 12.85M | 10M | 53M | 0 | 0 | 0 |
| Short-Term Debt | 248.27M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15M | 15M | 15M | 45M | 45M | 45M | 75M | 85M | 105M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 29.21M | 0 | 25.61M | 0 | -5.6M | -1.36M | 4.71M | 0 | 0 | 0 | -15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.57M | 1.19M | 1.83M | 1.2M | 2.21M | 1.14M | -1.63M | 805K | 1.37M | 700K | 600K | 200K |
| Total Current Liabilities | 2.63B | 2.35B | 2.1B | 1.95B | 1.81B | 1.77B | 1.57B | 1.26B | 1.22B | 1.05B | 967.3M | 913.93M | 813.2M | 786.48M | 696.75M | 691.82M | 732.86M | 847.03M | 815.04M | 601.9M | 566.94M | 522.13M | 434.07M | 415.17M | 382.87M | 340.32M | 320.99M | 358.7M | 227.3M | 192.9M | 154.1M |
| Total Non-Current Liabilities | 39.52M | 266.08M | 256.42M | 366.75M | 393.31M | 55.61M | 218.36M | 293.31M | 220.31M | 285.31M | 116.31M | 92.47M | 125.47M | 77.47M | 45.47M | 45.47M | 15.46M | 15.46M | 15.46M | 103.03M | 80.94M | 51.11M | 45.48M | 21.49M | 23.18M | 14.08M | 13.7M | 58.47M | 1M | 900K | 600K |
| Total Liabilities | 2.67B | 2.62B | 2.36B | 2.32B | 2.21B | 1.83B | 1.79B | 1.56B | 1.44B | 1.34B | 1.08B | 1.01B | 938.66M | 863.95M | 742.22M | 737.29M | 748.33M | 862.49M | 830.51M | 704.94M | 647.88M | 573.24M | 479.55M | 436.66M | 405.77M | 354.4M | 334.69M | 417.17M | 228.3M | 193.8M | 154.7M |
| Total Equity | 358.1M | 345.63M | 295.58M | 261.43M | 239.23M | 205.73M | 173.91M | 160.71M | 138.49M | 118.11M | 106.29M | 78.47M | 70.12M | 57.17M | 77.51M | 73.56M | 70.08M | 67.86M | 67.8M | 47.26M | 46.23M | 40.93M | 35.87M | 30.76M | 27.11M | 24.84M | 21.31M | 21.8M | 26.3M | 20M | 18M |
| Equity Growth % | 68.4% | 16.93% | 13.06% | 9.28% | 16.28% | 18.3% | 8.21% | 16.05% | 17.26% | 11.11% | 35.45% | 11.9% | 22.65% | -26.24% | 5.37% | 4.96% | 3.27% | 0.09% | 43.47% | 2.23% | 12.95% | 14.11% | 16.6% | 13.49% | 9.14% | 16.52% | -2.23% | -17.11% | 31.5% | 11.11% | - |
| Equity / Assets (Capital Ratio) | 11.83% | 11.65% | 11.14% | 10.14% | 9.78% | 10.12% | 8.88% | 9.35% | 8.77% | 8.11% | 8.93% | 7.23% | 6.95% | 6.21% | 9.46% | 9.07% | 8.56% | 7.29% | 7.55% | 6.28% | 6.66% | 6.66% | 6.96% | 6.58% | 6.26% | 6.55% | 5.99% | 4.97% | 10.33% | 9.35% | 10.42% |
| Return on Equity (ROE) | 17.87% | 18.08% | 14.88% | 15.86% | 17.29% | 19.03% | 14.13% | 15.81% | 17.08% | 11.49% | 14.3% | 12.86% | 10.07% | 7.6% | 5.62% | 3.54% | 3.25% | -1.59% | 3.35% | 10.11% | 13.41% | 16.17% | 16% | 15.84% | 14.28% | 8.85% | -27.43% | -14.14% | 9.07% | 10.53% | 5.56% |
| Book Value per Share | 35.11 | 33.81 | 28.97 | 25.29 | 22.35 | 19.51 | 16.08 | 14.57 | 12.69 | 10.99 | 11.10 | 8.36 | 8.02 | 6.65 | 9.04 | 8.65 | 8.56 | 8.66 | 8.48 | 5.71 | 5.25 | 4.53 | 4.18 | 3.87 | 3.16 | 3.73 | 3.90 | 3.30 | 5.31 | 4.34 | 5.46 |
| Tangible BV per Share | 34.96 | 33.66 | 28.82 | 25.14 | 22.21 | 19.36 | 15.94 | 14.43 | 12.55 | 10.85 | 10.95 | 8.20 | 7.85 | 6.48 | 8.86 | 8.47 | 8.37 | 8.46 | 8.10 | 5.52 | 5.07 | 4.35 | 4.18 | 3.87 | 3.16 | 3.73 | 3.90 | 3.30 | 5.31 | 4.34 | 5.46 |
| Common Stock | 106.03M | 105.89M | 103.94M | 100.43M | 97.2M | 94M | 91.87M | 90.11M | 88.48M | 86.78M | 85.38M | 59.37M | 58.78M | 52.05M | 54.27M | 53.75M | 0 | 0 | 0 | 0 | 44.34M | 38.42M | 34.02M | 31.99M | 31.83M | 33.25M | 26.23M | 26.2M | 0 | 0 | 0 |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53.75M | 55.88M | 55.45M | 55.18M | 49.45M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 256.62M | 243.94M | 227.33M | 191.11M | 156.96M | 123.04M | 90.67M | 70.44M | 50.16M | 31.12M | 20.75M | 19.57M | 11.2M | 5.6M | 1.79M | -854K | -772K | -1.49M | 1.08M | 2.47M | 2.95M | 3.9M | 2.33M | -746K | -5.01M | -8.69M | -7.79M | -1.9M | 4.5M | 2.9M | 1.2M |
| Accumulated OCI | -1.13M | -1.09M | -2.11M | -2.74M | -3.26M | 322K | -1.19M | 154K | -157K | 206K | 160K | -467K | 143K | -476K | 1.33M | -52.63M | 123K | -461K | -2.36M | -490K | -824K | -1.15M | -484K | -481K | 285K | -5K | -294K | -800K | 0 | 0 | -100K |
| Treasury Stock | -3.42M | -3.1M | -33.58M | -27.37M | -11.68M | -11.63M | -7.44M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.17M | -4.17M | -4.17M | -4.17M | -242K | -242K | 0 | 0 | 0 | 0 | -1.76M | -1.8M | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20.11M | 19.55M | 19.02M | 18.53M | 18.06M | 0 | 0 | 0 | 0 | 0 | 0 | 285K | 4.93M | 0 | 0 | 0 | 0 |
CRE and SBA concentration
According to recent regulatory filings, Unity Bancorp's total assets reached $3.0 billion in 2026Q1, yet the composition remains heavily weighted toward a $2.7 billion investment securities portfolio, suggesting that balance sheet expansion is currently driven more by liquid asset accumulation than by organic loan book growth.
The shift toward a larger securities portfolio relative to total assets indicates a defensive posture, likely intended to manage liquidity amid uncertain loan demand. Investors should monitor whether this asset allocation reflects a strategic pivot away from higher-risk commercial lending or merely a temporary parking of capital.
As reported in financial statements, Unity Bancorp maintained an equity-to-assets ratio of 0.12 as of 2026Q1, which appears to provide a sufficient capital buffer to absorb potential volatility stemming from the bank's concentrated exposure to small business and commercial real estate lending markets.
The stability of the equity-to-assets ratio, hovering between 0.10 and 0.12 over the last ten quarters, suggests a disciplined approach to capital management. This level of capitalization appears adequate to support current operations, though it may limit aggressive balance sheet expansion without further capital retention or earnings growth.
Based on reported figures, the bank's provision for credit losses exhibited significant volatility, peaking at $16.3 million in 2025Q3 before normalizing to $1.0 million in 2026Q1, which warrants further investigation into the underlying credit health of the commercial real estate and SBA loan portfolios.
The dramatic fluctuation in provisioning suggests that the bank's credit quality is sensitive to specific, lumpy events rather than broad-based portfolio trends. Analysts should scrutinize whether these provisions are reactive to specific asset impairments or reflective of broader economic stress within the New Jersey and Pennsylvania small business corridors.
As indicated by the 2026Q1 balance sheet, the concentration of $2.7 billion in investment securities against $3.0 billion in total assets suggests a potential duration mismatch risk that could impact the bank's net interest margin if interest rates remain higher for longer than currently anticipated.
While the securities portfolio provides liquidity, its sheer size relative to the total balance sheet implies that the bank's earnings are highly sensitive to the yield curve and reinvestment risk. This concentration may leave the bank vulnerable to unrealized losses in AOCI if market interest rates continue to fluctuate.
Quick answers to the most common questions about buying UNTY stock.
As of 2025, Unity Bancorp, Inc. (UNTY) had total assets of $2.97B including $377.8M in current assets.
Unity Bancorp, Inc. (UNTY) carries total debt of $266.1M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Unity Bancorp, Inc. (UNTY) has total shareholders' equity (book value) of $345.6M ($33.81 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Unity Bancorp, Inc. (UNTY) reported a current ratio of 0.16x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.