Union Bankshares UNB Payments for Interest bearing deposits in banks
Payments for Interest bearing deposits in banks at other companies
Other financials
Where this comes from
Reported directly by Union Bankshares in its filing.
Tagged under the XBRL concept unb:PaymentsForInterestBearingDepositsInBanks.
The official record: Union Bankshares’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Union Bankshares's payments for interest bearing deposits in banks?
- Union Bankshares (UNB) reported payments for interest bearing deposits in banks of $2.73M in Q1 2026.
- How has Union Bankshares's payments for interest bearing deposits in banks changed year-over-year?
- Union Bankshares's payments for interest bearing deposits in banks decreased by 21.5% year-over-year, from $3.48M to $2.73M.
- What is the long-term trend for Union Bankshares's payments for interest bearing deposits in banks?
- Over 3 years (2021 to 2025), Union Bankshares's payments for interest bearing deposits in banks has grown at a 10.0% compound annual growth rate (CAGR), from $7.47M to $9.95M.
- What does payments for interest bearing deposits in banks mean?
- This represents the cash outflows used to place funds into interest-bearing deposit accounts at other financial institutions. It indicates the bank's strategy for deploying excess cash into low-risk, interest-earning instruments. This metric helps assess the bank's liquidity management and its preference for short-term cash placement versus other investment vehicles.