UNITED COMMUNITY BANKS INC
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
UCB$37.47+1.3%Stored close · as of Nov 9, 2026
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Glossary of Defined Terms
The following terms may be used throughout this report, including the consolidated financial statements and related notes.
| Term | Definition |
|---|---|
| 2023 10-K | United’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 23, 2024 |
| ACL | Allowance for credit losses |
| AFS | Available-for-sale |
| ALCO | Asset/Liability Management Committee |
| AOCI | Accumulated other comprehensive income (loss) |
| ASU | Accounting standards update |
| Bank | United Community Bank |
| Board | United Community Banks Inc., Board of Directors |
| BOLI | Bank-owned life insurance |
| CECL | Current expected credit loss |
| CET1 | Common equity tier 1 |
| CME | Chicago Mercantile Exchange |
| CRE | Commercial real estate |
| Company | United Community Banks Inc. (interchangeable with "United" below) |
| CVA | Credit valuation adjustment |
| FASB | Financial Accounting Standards Board |
| FDIC | Federal Deposit Insurance Corporation |
| FDM | Modification made to borrowers experiencing financial difficulty |
| Federal Reserve | Federal Reserve System |
| First Miami | First Miami Bancorp, Inc. and its wholly-owned subsidiary, First National Bank of South Miami |
| FHLB | Federal Home Loan Bank |
| FOMC | Federal Reserve’s Federal Open Markets Committee |
| FTE | Fully taxable equivalent |
| GAAP | Accounting principles generally accepted in the United States of America |
| GSE | U.S. government-sponsored enterprise |
| Holding Company | United Community Banks, Inc. on an unconsolidated basis |
| HTM | Held-to-maturity |
| LIHTC | Low- income housing tax credit |
| MD&A | Management's Discussion and Analysis of Financial Condition and Results of Operations |
| MBS | Mortgage-backed securities |
| NOW | Negotiable order of withdrawal |
| NPA | Nonperforming asset |
| OCI | Other comprehensive income (loss) |
| OREO | Other real estate owned |
| PAM | Proportional amortization method |
| PCD | Purchased credit deteriorated |
| Progress | Progress Financial Corporation and its wholly-owned subsidiary, Progress Bank & Trust |
| Report | Quarterly Report on Form 10-Q for the quarterly period ending March 31, 2024 |
| SBA | United States Small Business Administration |
| SEC | Securities and Exchange Commission |
| U.S. Treasury | United States Department of the Treasury |
| United | United Community Banks, Inc. and its direct and indirect subsidiaries |
| USDA | United States Department of Agriculture |
| VIE | Variable interest entity |
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