Page 1

For Immediate Release Unity Bancorp , Inc. ( NASDAQ : UNTY ) July 14 , 2021 News Media & Financial Analyst Contact : George Boyan , EVP and CFO (908)713-4565 Unity Bancorp Reports Quarterly Earnings of $ 8.4 Million Net Income per Diluted Share = $ 0.80 ROA = 1.77 % ROE = 18.29 % Net Interest Margin = 4.03 % CEO COMMENTARY : Net Income ( In Millions ) James A. Hughes , President and CEO , stated : $ 9.0 I am pleased to report another strong performance for the second quarter of 2021. Life is getting back to normal as we emerge from the pandemic . All employees have returned to our offices to service our customers . I am encouraged by the strong loan demand for all our lending areas . As the economy continues to improve so will the banking sector . $ 8.0 8.5 8.4 $ 7.0 7.3 $ 6.0 $ 5.0 5.8 5.2 We successfully executed the first and second rounds of SBA PPP loans , which would not have been possible without our passionate and dedicated employees . We expect a robust year for our mortgage and SBA lending areas in 2021 based on current performance and backlogs . While I remain proud of our performance , we will continue to balance risks while advancing strategies to grow our business as we continue to steer through this recovery . As always , I want to sincerely thank our customers for putting their trust in Unity , and our excellent staff who have proven to be resilient and unwavering throughout these unprecedented times . $ 4.0 $ 3.0 $ 2.0 $ 1.0 $ - 2Q2020 3Q2020 4Q2020 Net Income 1Q2021 2Q2021