Unity Bancorp, Inc. (UNTY) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments252320242223
Cash and cash equivalents232120242223
Short-term investments220   
Receivables1,5901,3951,2801,140945 
Prepaid expense11222 
Disposal group, including discontinued operation     13
Total current assets:1,6151,4191,3031,16596936
Noncurrent Assets
Operating lease, right-of-use asset2 
Property, plant and equipment202123232315
Intangible assets, net (including goodwill), including:222222
Goodwill222222
Other undisclosed intangible assets, net (including goodwill)000000
Deferred income tax assets9 
Total noncurrent assets:332325252517
Other undisclosed assets3102772522661961,032
TOTAL ASSETS:1,9591,7191,5791,4551,1901,085
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,7851,5581,4411,3371,0841,006
Total liabilities:1,7851,5581,4411,3371,0841,006
Stockholders' equity
Stockholders' equity attributable to parent, including:17416113811810678
Treasury stock, value(7)     
Accumulated other comprehensive income (loss)(1)0(0)00(0)
Retained earnings917050312120
Other undisclosed stockholders' equity attributable to parent929088878559
Total stockholders' equity:17416113811810678
TOTAL LIABILITIES AND EQUITY:1,9591,7191,5791,4551,1901,085

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues857668575045
Net investment income787466544741
Cost of revenue(7)(2)(2)(2)(1)(1)
Provision for loan, lease, and other losses(7)(2)(2)
Financial services costs(2)(1)(1)
Gross profit:787466554945
Operating expenses(8)(8)(8)(25)(22)(22)
Other operating income, net
(Noninterest Income, Other Operating Income)
111111
Operating income:716859322724
Nonoperating income (expense)001(0)00
Bank owned life insurance income111000
Other nonoperating expense(1)(0)(0)(0)(0)(0)
Interest and debt expense(14)(18)(14)(9)(7)(8)
Other undisclosed loss from continuing operations before equity method investments, income taxes(25)(20)(18)(0)(0)(2)
Income from continuing operations before income taxes:313027222014
Income tax expense(7)(7)(5)(10)(7)(5)
Net income available to common stockholders, diluted:242422131310

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:242422131310
Other comprehensive income (loss)(1)0(0)01(1)
Comprehensive income, net of tax, attributable to parent:22242213149

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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