Union Bank, Inc.

Headquarters

103 Dodd Street
Middlebourne, WV 26149
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.04% 0.65% →
1-Year CD 0.25% 0.70% →
2-Year CD 0.40% 0.75% →
5-Year CD 0.49% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Union Bank, Inc. is an FDIC insured institution located in Middlebourne, WV. It was founded in 1947 and has approximately $0.33 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 16620
Date Established 1947
Assets $ 331.99 million
Loans $ 121.97 million
Deposits $ 292.50 million
Capital $ 37.19 million
 

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

Deposit Rates - July 27, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.04% $2,500 $4,999 Learn More
Money Market
0.03% $2,500 $2,999 Learn More
Money Market
0.04% $10,000 $14,999 Learn More
Money Market
0.06% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.07% $10,000 $14,999 Learn More
6 Mo CD
0.17% $100,000 $199,999 Learn More
12 Mo CD
0.15% $10,000 $14,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
18 Mo CD
0.15% $10,000 $14,999 Learn More
18 Mo CD
0.25% $100,000 $199,999 Learn More
24 Mo CD
0.30% $10,000 $14,999 Learn More
24 Mo CD
0.40% $100,000 $199,999 Learn More
30 Mo CD
0.30% $10,000 $14,999 Learn More
30 Mo CD
0.40% $100,000 $199,999 Learn More
36 Mo CD
0.35% $10,000 $14,999 Learn More
36 Mo CD
0.45% $100,000 $199,999 Learn More
48 Mo CD
0.39% $10,000 $14,999 Learn More
48 Mo CD
0.49% $100,000 $199,999 Learn More
60 Mo CD
0.39% $10,000 $14,999 Learn More
60 Mo CD
0.49% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - July 27, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Union Bank, Inc.

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.349% 3.250%
0.75 points
$3,125 fees
$1,089 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
4.840 %
$0 Learn More
More Info

Note to Union Bank, Inc.
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Union Bank, Inc. 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:
Fairfield,Connecticut


Union Bank, Inc. Locations


Financial Details

Union Bank, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Union Bank, Inc.. 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, Inc. U.S. Bank Average
1.78% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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, 2021, Union Bank, Inc. had $693,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $37,192,000 in equity and $1,652,000 in loans loss reserves. That gives it a Texas Ratio of 1.78%.

Return on Equity
Union Bank, Inc. U.S. Bank Average
8.72% 11.43%

Union Bank, Inc. has a Return on Equity of 8.72% versus the BestCashCow average of 11.43%. 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, Inc. U.S. Bank Average
11.2% 11.51%

Union Bank, Inc. has a Capitalization of 11.2% versus the BestCashCow average of 11.51. 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, Inc. Balance Sheet Analysis

As of March 31, 2021, Union Bank, Inc. had assets of $331,985,000, loans of $121,966,000, and deposits of $292,496,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 23.20 million
Interest-bearing balances $ 20.31 million
Total securities $ 145.60 million
Federal funds sold and reverse repurchase $ 23.32 million
Net loans and leases $ 121.97 million
Loan loss allowance $ 1.65 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 7.07 million
All other assets $ 7.10 million
     Total Assets $ 294.79 million
LIABILITIES
Total deposits $ 292.50 million
      Interest-bearing deposits $ 229.52 million
      Deposits held in domestic offices $ 292.50 million
      % insured (estimated) 69.05%
Federal funds purchased and repurchase agreements $ 1.85 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.45 million
      Total Liabilities $ 294.79 million
      Shareholders’ Equity $ 37.19 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 2.20 million
Total Interest Expense $ 0.13 million
Net interest income $ 2.07 million
Provision for loan and lease losses $ 0.08 million
Total non interest income $ 0.28 million
Total non interest expense $ 1.45 million
Pre-tax Net Operating Income $ 0.83 million

Bank Loan Profile?

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

Compared to other banks in West Virginia, Union Bank, Inc. has a significantly higher percent of Multifamily Mortgages 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 37.29
Multifamily
Mortgages
7.80
Credit Card Loans 0.00
Consumer Auto Loans 3.00
Small Business Loans 0.00
Construction and Development Loans 3.17
Commercial Real Estate 22.41
Commercial and Industrial Loans 14.50
Farm Loans 0.47

Frequently Asked Questions About Union Bank, Inc.

Branches and Savings

Is Union Bank, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #16620.

Why does Union Bank, Inc. 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, Inc. CD rates not competitive?

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

Is Union Bank, Inc. a commercial bank?

Yes

Where are Union Bank, Inc. locations?

See branch locations nearby.

Is Union Bank, Inc. open on Saturdays?

Is Union Bank, Inc. open on Sundays?

What time does Union Bank, Inc. open?

What time does Union Bank, Inc. close?

Are Union Bank, Inc. ATMs Open 24/7?

Do Union Bank, Inc. ATMs accept cash deposits?

Can Union Bank, Inc. customers use other ATMs?

Do Union Bank, Inc. branches have notaries?

Will Union Bank, Inc. notarize my document?

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

Will the Union Bank, Inc. branch print checks?

Do Union Bank, Inc. checks expire?

Does Union Bank, Inc. require US citizenship to open account?

Can Union Bank, Inc. close my account?

Does Union Bank, Inc. Report to credit bureaus?

Does Union Bank, Inc. Use Equifax?

What is Union Bank, Inc.'s ACH Routing Number?

What is Union Bank, Inc.'s SWIFT code?

Products

Does Union Bank, Inc. offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Union Bank, Inc. offer personal loans?

Compare personal loan rates here.

Does Union Bank, Inc. offer student loans?

Will Union Bank, Inc. cash a check?

Will Union Bank, Inc. redeem a savings bond?

Does Union Bank, Inc. cash savings bonds?

Will Union Bank, Inc. cash money orders?

Can Union Bank, Inc. issue a money order?

Does Union Bank, Inc. do currency exchange?

Background on The Bank

Who owns Union Bank, Inc.?

How long has Union Bank, Inc. been around?

Can Union Bank, Inc. transfer to other banks?

Does Union Bank, Inc. have quick pay?

Does Union Bank, Inc. accept rolled coins?

Will Union Bank, Inc. accept loose change?

Where is Union Bank, Inc. headquarters?

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