Highlands Union Bank

340 West Main Street
Abingdon, VA 24210

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26191
Date Established 1985
Assets $0.59 billion
Loans $0.44 billion
Deposits $0.50 billion
Capital $0.06 billion

Highlands Union Bank is an FDIC insured institution located in Abingdon, VA. It was founded in 1985 and has approximately $0.59 billion in assets. Customers can open an account at one of its 14 branches.

For a more detailed analysis of Highlands Union Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Highlands Union Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks, Highlands Union Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 45.02
Multifamily
Mortgages
4.14
Credit Card Loans 0.34
Consumer Auto Loans 1.75
Small Business Loans 16.63
Construction and Development Loans 4.73
Commercial Real Estate 30.62
Commercial and Industrial Loans 10.40
Farm Loans 0.64

Deposit Rates - April 21, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.35% $1 $9,999 Learn MoreShow Less
Money Market
0.60% $10,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
0.35% $500 $249,999 Learn MoreShow Less
0.65% $500 $249,999 Learn MoreShow Less
1.00% $500 $249,999 Learn MoreShow Less
Special: 13 Mo CD
2.30% $500 - Learn MoreShow Less
Special: 13 Mo CD
2.35% $250,000 - Learn MoreShow Less
1.05% $500 $249,999 Learn MoreShow Less
1.29% $500 $249,999 Learn MoreShow Less
Special: 25 Mo CD
2.50% $500 $249,999 Learn MoreShow Less
Special: 25 Mo CD
2.40% $500 - Learn MoreShow Less
1.49% $500 $249,999 Learn MoreShow Less
Special: 37 Mo CD
2.65% $500 $249,999 Learn MoreShow Less
Special: 37 Mo CD
2.45% $500 - Learn MoreShow Less
1.84% $500 $249,999 Learn MoreShow Less
Special: 49 Mo CD
2.50% $500 - Learn MoreShow Less
Special: 49 Mo CD
2.70% $250,000 - Learn MoreShow Less
1.99% $500 $249,999 Learn MoreShow Less
Special: 61 Mo CD
2.55% $500 - Learn MoreShow Less
Special: 61 Mo CD
2.75% $500 $249,999 Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
1.00% $500 $249,999 Learn MoreShow Less
Special: 13 Mo FIRA
2.35% $500 $249,999 Learn MoreShow Less
Special: 13 Mo FIRA
2.30% $500 - Learn MoreShow Less
Special: 25 Mo FIRA
2.40% $500 - Learn MoreShow Less
Special: 25 Mo FIRA
2.50% $500 $249,999 Learn MoreShow Less
Special: 37 Mo FIRA
2.45% $500 - Learn MoreShow Less
Special: 37 Mo FIRA
2.65% $250,000 - Learn MoreShow Less
Special: 49 Mo FIRA
2.70% $500 $249,999 Learn MoreShow Less
Special: 49 Mo FIRA
2.50% $500 - Learn MoreShow Less
Special: 61 Mo FIRA
2.55% $500 - Learn MoreShow Less
Special: 61 Mo FIRA
2.75% $250,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
1.05% $25 $249,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 - Learn MoreShow Less

Loan Rates - April 21, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Highlands Union Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.375% 5.375% 0.00 $0 $1,400 Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: CL-2925. NMLSID#2925
4.031% 4.000% 0.38 $945 $1,194 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Figure Home Equity Loan Plus
Figure Home Equity Loan Plus
8.000 %
N/A Learn More
More Info

Note to Highlands Union Bank
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Branches

Highlands Union Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Seattle,Washington


Highlands Union Bank Locations


Financial Details

Highlands Union Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Highlands Union Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Highlands Union Bank U.S. Bank Average
14.92% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2018, Highlands Union Bank had $6,028,000 in non-current loans and $3,029,000 in owned real estate. To cover these potential losses it had $56,316,000 in equity and $4,373,000 in loans loss reserves. That gives it a Texas Ratio of 14.92%.

Return on Equity
Highlands Union Bank U.S. Bank Average
6.99% 8.80%

Highlands Union Bank has a Return on Equity of 6.99% versus the BestCashCow average of 8.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Highlands Union Bank U.S. Bank Average
9.51% 12.29%

Highlands Union Bank has a Capitalization of 9.51% versus the BestCashCow average of 12.29. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Highlands Union Bank Balance Sheet Analysis

As of December 31, 2018, Highlands Union Bank had assets of $591,931,000, loans of $444,445,000, and deposits of $503,585,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.02 billion
Total securities $0.07 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.44 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.03 billion
     Total Assets $0.54 billion
LIABILITIES
Total deposits $0.50 billion
      Interest-bearing deposits $0.35 billion
      Deposits held in domestic offices $0.50 billion
      % insured (estimated) 86.67%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.03 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.54 billion
      Shareholders’ Equity $0.06 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.02 billion
Total Interest Expense $0.00 billion
Net interest income $0.02 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.02 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Highlands Union Bank

Branches and Savings

Is Highlands Union Bank FDIC insured?

Yes. It is covered under FDIC Certificate #26191.

Why does Highlands Union Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Highlands Union Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Highlands Union Bank a commercial bank?

Yes

Where are Highlands Union Bank locations?

See branch locations nearby.

Is Highlands Union Bank open on Saturdays?

Is Highlands Union Bank open on Sundays?

What time does Highlands Union Bank open?

What time does Highlands Union Bank close?

Are Highlands Union Bank ATMs Open 24/7?

Do Highlands Union Bank ATMs accept cash deposits?

Can Highlands Union Bank customers use other ATMs?

Do Highlands Union Bank branches have notaries?

Will Highlands Union Bank notarize my document?

What address for Highlands Union Bank should I put for incoming ACH transfers?

Will the Highlands Union Bank branch print checks?

Do Highlands Union Bank checks expire?

Does Highlands Union Bank require US citizenship to open account?

Can Highlands Union Bank close my account?

Does Highlands Union Bank Report to credit bureaus?

Does Highlands Union Bank Use Equifax?

What is Highlands Union Bank's ACH Routing Number?

What is Highlands Union Bank's SWIFT code?

Products

Does Highlands Union Bank offer mortgages?

Compare mortgage rates here.

Does Highlands Union Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Highlands Union Bank offer personal loans?

Compare personal loan rates here.

Does Highlands Union Bank offer student loans?

Will Highlands Union Bank cash a check?

Will Highlands Union Bank redeem a savings bond?

Does Highlands Union Bank cash savings bonds?

Will Highlands Union Bank cash money orders?

Can Highlands Union Bank issue a money order?

Does Highlands Union Bank do currency exchange?

Background on The Bank

Who owns Highlands Union Bank?

How long has Highlands Union Bank been around?

Can Highlands Union Bank transfer to other banks?

Does Highlands Union Bank have quick pay?

Does Highlands Union Bank accept rolled coins?

Will Highlands Union Bank accept loose change?

Where is Highlands Union Bank headquarters?

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