The Union Bank of Mena

303 Highway 71 North
Mena, AR 71953

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 14597
Date Established 1934
Assets $0.27 billion
Loans $0.17 billion
Deposits $0.24 billion
Capital $0.03 billion

The Union Bank of Mena is an FDIC insured institution located in Mena, AR. It was founded in 1934 and has approximately $0.27 billion in assets. Customers can open an account at one of its 3 branches.

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

Deposit Rates - September 15, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1,000 $9,999 Learn MoreShow Less
Money Market
0.15% $10,000 $24,999 Learn MoreShow Less
Money Market
0.20% $25,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.20% $1,000 - Learn MoreShow Less
6 Mo CD
0.40% $1,000 - Learn MoreShow Less
12 Mo CD
0.75% $500 - Learn MoreShow Less
18 Mo CD
1.00% $500 - Learn MoreShow Less
24 Mo CD
1.26% $500 - Learn MoreShow Less
36 Mo CD
1.51% $500 - Learn MoreShow Less
48 Mo CD
2.02% $500 - Learn MoreShow Less
60 Mo CD
2.27% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.75% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $750 - Learn MoreShow Less

Loan Rates - September 15, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for The Union Bank of Mena

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.751% 3.750% 0.00 $25 $1,158 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

Note to The Union Bank of Mena
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Branches

The Union Bank of Mena 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:
Ashburn,Virginia


The Union Bank of Mena Locations


Financial Details

The Union Bank of Mena Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Union Bank of Mena. 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
The Union Bank of Mena U.S. Bank Average
6.67% 6.94%

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 March 31, 2019, The Union Bank of Mena had $1,601,000 in non-current loans and $429,000 in owned real estate. To cover these potential losses it had $27,515,000 in equity and $2,928,000 in loans loss reserves. That gives it a Texas Ratio of 6.67%.

Return on Equity
The Union Bank of Mena U.S. Bank Average
18.91% 9.47%

The Union Bank of Mena has a Return on Equity of 18.91% versus the BestCashCow average of 9.47%. 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
The Union Bank of Mena U.S. Bank Average
10.18% 12.49%

The Union Bank of Mena has a Capitalization of 10.18% versus the BestCashCow average of 12.49. 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.

The Union Bank of Mena Balance Sheet Analysis

As of March 31, 2019, The Union Bank of Mena had assets of $270,159,000, loans of $173,253,000, and deposits of $238,788,000. 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

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.02 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.17 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 $0.01 billion
     Total Assets $0.24 billion
LIABILITIES
Total deposits $0.24 billion
      Interest-bearing deposits $0.17 billion
      Deposits held in domestic offices $0.24 billion
      % insured (estimated) 79.78%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.24 billion
      Shareholders’ Equity $0.03 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks in Arkansas, The Union Bank of Mena has a significantly higher percent of 1-4 Family Residential Loans, Consumer Auto Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 48.20
Multifamily
Mortgages
1.24
Credit Card Loans 0.00
Consumer Auto Loans 6.58
Small Business Loans 0.00
Construction and Development Loans 4.78
Commercial Real Estate 15.17
Commercial and Industrial Loans 6.70
Farm Loans 2.25

Frequently Asked Questions About The Union Bank Of Mena

Branches and Savings

Is The Union Bank Of Mena FDIC insured?

Yes. It is covered under FDIC Certificate #14597.

Why does The Union Bank Of Mena pay such low interest on savings accounts?

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

Why are The Union Bank Of Mena CD rates not competitive?

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

Is The Union Bank Of Mena a commercial bank?

Yes

Where are The Union Bank Of Mena locations?

See branch locations nearby.

Is The Union Bank Of Mena open on Saturdays?

Is The Union Bank Of Mena open on Sundays?

What time does The Union Bank Of Mena open?

What time does The Union Bank Of Mena close?

Are The Union Bank Of Mena ATMs Open 24/7?

Do The Union Bank Of Mena ATMs accept cash deposits?

Can The Union Bank Of Mena customers use other ATMs?

Do The Union Bank Of Mena branches have notaries?

Will The Union Bank Of Mena notarize my document?

What address for The Union Bank Of Mena should I put for incoming ACH transfers?

Will the The Union Bank Of Mena branch print checks?

Do The Union Bank Of Mena checks expire?

Does The Union Bank Of Mena require US citizenship to open account?

Can The Union Bank Of Mena close my account?

Does The Union Bank Of Mena Report to credit bureaus?

Does The Union Bank Of Mena Use Equifax?

What is The Union Bank Of Mena's ACH Routing Number?

What is The Union Bank Of Mena's SWIFT code?

Products

Does The Union Bank Of Mena offer mortgages?

Compare mortgage rates here.

Does The Union Bank Of Mena offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Union Bank Of Mena offer personal loans?

Compare personal loan rates here.

Does The Union Bank Of Mena offer student loans?

Will The Union Bank Of Mena cash a check?

Will The Union Bank Of Mena redeem a savings bond?

Does The Union Bank Of Mena cash savings bonds?

Will The Union Bank Of Mena cash money orders?

Can The Union Bank Of Mena issue a money order?

Does The Union Bank Of Mena do currency exchange?

Background on The Bank

Who owns The Union Bank Of Mena?

How long has The Union Bank Of Mena been around?

Can The Union Bank Of Mena transfer to other banks?

Does The Union Bank Of Mena have quick pay?

Does The Union Bank Of Mena accept rolled coins?

Will The Union Bank Of Mena accept loose change?

Where is The Union Bank Of Mena headquarters?

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