Union Bank

1011 Red Banks Road
Greenville, NC 27858

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34934
Date Established 1998
Assets $0.75 billion
Loans $0.50 billion
Deposits $0.63 billion
Capital $0.08 billion

Union Bank is an FDIC insured institution located in Greenville, NC. It was founded in 1998 and has approximately $0.75 billion in assets. Customers can open an account at one of its 16 branches.

For a more detailed analysis of 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 Union Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in North Carolina, Union Bank has a significantly higher percent of Small Business 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 32.33
Multifamily
Mortgages
3.67
Credit Card Loans 0.00
Consumer Auto Loans 0.10
Small Business Loans 24.63
Construction and Development Loans 14.04
Commercial Real Estate 39.57
Commercial and Industrial Loans 7.30
Farm Loans 0.53

Deposit Rates - June 24, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $1 $9,999 Learn MoreShow Less
Money Market
0.25% $10,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.90% $10,000 $24,999 Learn MoreShow Less
3 Mo CD
0.90% $100,000 - Learn MoreShow Less
6 Mo CD
1.16% $10,000 $24,999 Learn MoreShow Less
6 Mo CD
1.16% $100,000 - Learn MoreShow Less
Special: 12 Mo CD
1.87% $10,000 $24,999 Learn MoreShow Less
12 Mo CD
1.31% $10,000 $24,999 Learn MoreShow Less
12 Mo CD
1.31% $100,000 - Learn MoreShow Less
18 Mo CD
1.51% $10,000 $24,999 Learn MoreShow Less
18 Mo CD
1.51% $100,000 - Learn MoreShow Less
Special: 24 Mo CD
2.02% $10,000 $24,999 Learn MoreShow Less
24 Mo CD
1.61% $10,000 $24,999 Learn MoreShow Less
24 Mo CD
1.61% $100,000 - Learn MoreShow Less
36 Mo CD
1.77% $10,000 $24,999 Learn MoreShow Less
36 Mo CD
1.77% $100,000 - Learn MoreShow Less
48 Mo CD
2.02% $10,000 $24,999 Learn MoreShow Less
48 Mo CD
2.02% $100,000 - Learn MoreShow Less
60 Mo CD
2.17% $10,000 $24,999 Learn MoreShow Less
60 Mo CD
2.17% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.31% $1,000 $9,999 Learn MoreShow Less
Special: 12 Mo FIRA
1.87% $1,000 $9,999 Learn MoreShow Less
Special: 24 Mo FIRA
2.02% $25,000 $49,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
1.00% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $9,999 Learn MoreShow Less

Loan Rates - June 24, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Union Bank

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
Rocket Mortgage
NMLS ID: 3030
4.500% 4.500% 0.00 $0 $1,267 Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
3.385% 3.375% 0.13 $312 $1,106 Learn More
First Internet Bank
NMLS ID: 424182
3.651% 3.625% 0.38 $815 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to Union Bank
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Branches

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:
Ashburn,Virginia


Union Bank Locations


Financial Details

Union Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of 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
Union Bank U.S. Bank Average
2.76% 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, Union Bank had $1,942,000 in non-current loans and $327,000 in owned real estate. To cover these potential losses it had $78,194,000 in equity and $4,046,000 in loans loss reserves. That gives it a Texas Ratio of 2.76%.

Return on Equity
Union Bank U.S. Bank Average
9% 8.80%

Union Bank has a Return on Equity of 9% 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
Union Bank U.S. Bank Average
10.49% 12.29%

Union Bank has a Capitalization of 10.49% 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.

Union Bank Balance Sheet Analysis

As of December 31, 2018, Union Bank had assets of $745,385,000, loans of $504,582,000, and deposits of $627,369,000. 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 $0.04 billion
Interest-bearing balances $0.03 billion
Total securities $0.15 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.50 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 $0.02 billion
All other assets $0.02 billion
     Total Assets $0.67 billion
LIABILITIES
Total deposits $0.63 billion
      Interest-bearing deposits $0.44 billion
      Deposits held in domestic offices $0.63 billion
      % insured (estimated) 83.18%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.03 billion
Subordinated debt $0.01 billion
All other liabilities $0.00 billion
      Total Liabilities $0.67 billion
      Shareholders’ Equity $0.08 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.03 billion
Total Interest Expense $0.00 billion
Net interest income $0.03 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 $0.01 billion

Frequently Asked Questions About Union Bank

Branches and Savings

Is Union Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34934.

Why does 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 Union Bank CD rates not competitive?

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

Is Union Bank a commercial bank?

Yes

Where are Union Bank locations?

See branch locations nearby.

Is Union Bank open on Saturdays?

Is Union Bank open on Sundays?

What time does Union Bank open?

What time does Union Bank close?

Are Union Bank ATMs Open 24/7?

Do Union Bank ATMs accept cash deposits?

Can Union Bank customers use other ATMs?

Do Union Bank branches have notaries?

Will Union Bank notarize my document?

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

Will the Union Bank branch print checks?

Do Union Bank checks expire?

Does Union Bank require US citizenship to open account?

Can Union Bank close my account?

Does Union Bank Report to credit bureaus?

Does Union Bank Use Equifax?

What is Union Bank's ACH Routing Number?

What is Union Bank's SWIFT code?

Products

Does Union Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Union Bank offer personal loans?

Compare personal loan rates here.

Does Union Bank offer student loans?

Will Union Bank cash a check?

Will Union Bank redeem a savings bond?

Does Union Bank cash savings bonds?

Will Union Bank cash money orders?

Can Union Bank issue a money order?

Does Union Bank do currency exchange?

Background on The Bank

Who owns Union Bank?

How long has Union Bank been around?

Can Union Bank transfer to other banks?

Does Union Bank have quick pay?

Does Union Bank accept rolled coins?

Will Union Bank accept loose change?

Where is Union Bank headquarters?

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