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Union Bank

Grand Rapids, MI
IDRSSD: 390840
Total Assets
$380.03M
Latest filing
Total Deposits
$306.29M
Latest filing
Net Interest Margin
4.02%
Profitability
0

Quarterly Trends

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Total Assets vs Total Liabilities

Loans & Leases vs Deposits

Interest Income vs Expense

Net Interest Income

Noninterest Expense vs Income

Net Income

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Institution Profile

Institution ClassCommercial bank, state charter, Fed non-member, and supervised by the FDIC
Primary RegulatorFDIC
Established Date01/01/1934
Community BankYes
Ownership TypeNot Mutual
ZIP49546
State and County Number26081
Subchapter S CorporationsNo
Trust PowersN/A
Federal Reserve ID Number07
Numeric code21
Insured by FDICInstitutions that are currently open and insured by the FDIC
Federal Reserve DistrictChicago
Core Based Statistical Area NameGrand Rapids-Kentwood, MI

Operational Info

Number of Employees98
Domestic Offices9
Foreign Offices0
US Offices0
Directly owned by another bank (CERT)No
Last Structure Change Effective Date10/09/2022
Date of Deposit Insurance09/04/1934
Primary Insurance AgencyDIF
Websitewww.ubmich.com
Data Updated11/14/2025
CERT14722
Office of The Comptroller District:—
Office of Thrift Supervision RegionN/A

Financial Summary

Total Assets$380.03M
Total Deposits$306.29M
Total Liabilities$349.34M
Total Equity Capital$30.69M
Net Income$396.00k
Net Loans and Leases$296.79M
Assets Per Employee ($Millions)$4.04M
Bank Premises and Fixed Assets$10.12M
Cash and Balances due from Depository Institutions$10.37M
Deposits Held in Domestic Offices$306.29M

Key Performance Ratios

Return on Assets (ROA)0.42%
Return on Equity (ROE)5.24%
Net Interest Margin4.02%
Efficiency Ratio81.61%
Tier 1 Risk-Based Capital Ratio9.512%
Net Loans and Leases to Core Deposits0%
Credit Loss Provision to Assets0.42%
Cash Dividends to Net Income (YTD Only)0%
Equity Capital to Assets8.075%
Earning Assets to total Assets90.64%

Income and Expense

Total Interest Income$5.21M
Total Noninterest Income$1.36M
Total Interest Expense$1.75M
Total Noninterest Expense$3.94M
Net Interest Income$3.46M
Pre-tax Net Operating Income$491.00k
Provision for Credit Losses$396.00k
Discontinued Operations (Extraordinary Gains - Net)$0

Additional Financial Info

Goodwill and Other Intangibles$0
All Other Assets$0
Other Real Estate Owned$0
Other borrowed funds$33.00M
Federal Funds Sold & Reverse Repurchase Agreement$6.58M
Federal Funds Purchased and Repurchased Agreement$0
All Other Liabilities$10.05M
Total Liabilities and Capital$380.03M

Securities

Securities$40.52M
Available-for-sale debt securities$40.52M
Equity securities with readily determinable fair values not held for trading$0
Held-to-maturity securities$0
Subordinated Debt$0
Trading Account Assets$0
Trading Liabilities$0

Frequently Asked Questions

What are the total assets of Union Bank?
$380.03M as of the latest filing.
How much are Union Bank's total deposits?
$306.29M in total deposits.
Where is Union Bank located?
Grand Rapids, MI.
What is the Net Interest Margin?
4.02%.
How many domestic offices does it operate?
9.
When was it established?
01/01/1934.
What is the Return on Assets (ROA)?
0.42%.
How much are total loans and leases?
$296.79M (latest filing).
What is the total interest income (latest filing)?
$5.21M.