Unity Bancorp, Inc. (UNTY) financial statements (2020 and earlier)

Company profile

Business Address 64 OLD HIGHWAY 22
CLINTON, NJ 08809
State of Incorp. NJ
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2320242223 
Cash and cash equivalents2120242223 
Short-term investments20    
Receivables1,3951,2801,140945  
Prepaid expense1222  
Disposal group, including discontinued operation    13 
Total current assets:1,4191,3031,16596936 
Noncurrent Assets
Property, plant and equipment212323231515
Intangible assets, net (including goodwill), including:222222
Goodwill222222
Other undisclosed intangible assets, net (including goodwill)000000
Total noncurrent assets:232525251717
Other undisclosed assets2772522661961,032992
TOTAL ASSETS:1,7191,5791,4551,1901,0851,009
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,5581,4411,3371,0841,006939
Total liabilities:1,5581,4411,3371,0841,006939
Stockholders' equity
Stockholders' equity attributable to parent, including:1611381181067870
Accumulated other comprehensive income (loss)0(0)00(0)0
Retained earnings705031212011
Other undisclosed stockholders' equity attributable to parent908887855959
Total stockholders' equity:1611381181067870
TOTAL LIABILITIES AND EQUITY:1,7191,5791,4551,1901,0851,009

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues7668575045 
Net investment income7466544741 
Cost of revenue(2)(2)(2)(1)(1)(3)
Provision for loan, lease, and other losses(2)(2)
Financial services costs(2)(1)(1)(3)
Gross profit:7466554945(3)
Operating expenses(8)(8)(25)(22)(22)(18)
Other operating income, net
(Noninterest Income, Other Operating Income)
111111
Operating income (loss):6859322724(20)
Nonoperating income (expense)01(0)000
Losses on sales of other real estate     (0)
Bank owned life insurance income110001
Other nonoperating expense(0)(0)(0)(0)(0)(0)
Interest and debt expense(18)(14)(9)(7)(8)(7)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(20)(18)(0)(0)(2)36
Income from continuing operations before income taxes:302722201410
Income tax expense(7)(5)(10)(7)(5)(3)
Net income available to common stockholders, diluted:24221313106

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:24221313106
Other comprehensive income (loss)0(0)01(1)1
Comprehensive income, net of tax, attributable to parent:2422131497

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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