First United Bank, Financial Information

AboutFirst United Bank

 Address:
201 North Broadway
Dimmitt,TX
Castro County,Texas
 Established:
Mar 1907
 Number of domestic offices:
16
Total assets$1,569M
Net income$31M
Net income,quarterly$8M
Total deposits$1,385M
Domestic deposits$1,385M
Equity capital$173M
ROA2.06%
ROAQ,quarterly2.06%
ROA,pretax2.06%
ROAQ,quarterly,pretax2.06%
ROE18.7%
ROEQ,quarterly18.77%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The First State bank of Dimmitt—the, predecessor to First United Bank, was opened in 1907 with $12,000 in capital. In January of 1989, First State bank acquired Citizen’s State bank of Earth. Another acquisition, Shadow Hills National Bank of Lubbock in 1994, confirmed the Board’s decision to change its name to First United Bank. This name better reflected the unity of a single family serving several communities.

In April of 1996, First United Bank added a second Lubbock location by opening the Southwest Lubbock Banking Center. By the end of 2000, FUB had acquired The First National Bank of Sudan, with branches in Sudan and Littlefield, and established a new banking center in Seminole. In 2004, FUB moved northward and opened the Center City Banking Center in downtown Amarillo.

Soon after, the Colonies Banking Center and Tradewind Banking Center were opened to bring Amarillo’s number of locations to three. In late 2005, FUB added a Banking Center in Canyon. In January of 2007, First United Bank acquired The First National Bank of Lamesa. Wichita Falls opened its Banking Center in late 2011 and early 2012 saw the completion of Lubbock’s third location, the Southeast Banking Center.

Amarillo Banking Center
112 West 8th Avenue, Suite 100
Amarillo, Texas 79101

The Colonies Banking Center
4501 First United Drive
Amarillo, Texas 79119

Tradewind Banking Center
1900 SE 34th Avenue, Suite 100
Amarillo, Texas 79118

Canyon Banking Center
801 23rd Street
Canyon, Texas 79015

Dimmitt Banking Center
201 North Broadway
Dimmitt, Texas 79027

Earth Banking Center
220 East Main Street
Earth, Texas 79031

Lamesa Banking Center
602 North First Street
Lamesa, Texas 79331

Littlefield Banking Center
2003 South Hall Avenue
Littlefield, Texas 79339

Northwest Banking Center
5802 4th Street
Lubbock, Texas 79416

Seagraves Banking Center
106 Main, Seagraves
Texas 79359

Seminole Banking Center
601 NW Avenue B
Seminole, Texas 79360

Sudan Banking Center
200 Main, Sudan
Texas 79371

Wichita Falls Banking Center
Parker Square Shopping Center, 2904 Garnett
Wichita Falls, Texas 76308