Federal Home Loan Bank Advances

12 Months Ended

Dec. 31, 2019

Advances from Federal Home Loan Banks [Abstract]

Federal Home Loan Bank Advances

Federal Home Loan Bank Advances

At December 31, 2018, United had FHLB advances totaling $160 million with a weighted average interest rate of 2.52%. At December 31, 2019, United had no FHLB advances outstanding. FHLB advances are collateralized by owner occupied and income producing commercial real estate and residential mortgage loans, investment securities and FHLB stock.