Union Bank & Trust

1051 East Cary Street, Suite 1200
Richmond, VA 23219

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34589
Date Established 1997
Assets $13.12 billion
Loans $9.79 billion
Deposits $9.70 billion
Capital $2.08 billion

Union Bank & Trust is an FDIC insured institution located in Richmond, VA. It was founded in 1997 and has approximately $13.12 billion in assets. Customers can open an account at one of its 174 branches.

For a more detailed analysis of Union Bank & Trust'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 & Trust’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in Virginia, Union Bank & Trust has a significantly higher percent of Construction and Development 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 20.31
Multifamily
Mortgages
5.59
Credit Card Loans 0.00
Consumer Auto Loans 2.94
Small Business Loans 9.20
Construction and Development Loans 12.76
Commercial Real Estate 35.84
Commercial and Industrial Loans 11.50
Farm Loans 0.10

Deposit Rates - July 20, 2018

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.25% $1,000 $99,999 Learn MoreShow Less
3 Mo CD 100K
0.30% $100,000 - Learn MoreShow Less
6 Mo CD 10K
0.30% $1,000 $99,999 Learn MoreShow Less
6 Mo CD 100K
0.35% $100,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.40% $1,000 $99,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.40% $50 - Learn MoreShow Less
MM Rates APY MIN MAX
MM2.5K
0.20% $1 $9,999 Learn MoreShow Less
MM10K
0.20% $10,000 $24,999 Learn MoreShow Less
MM25K
0.25% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.03% $1 - Learn MoreShow Less

Loan Rates - July 20, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Union Bank & Trust

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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.325% 4.250% 0.50 $2,354 $1,230 Learn More
PenFed Credit Union
NMLS ID: 401822
4.459% 4.375% 0.00 $2,500 $1,249 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More
Flagstar Bank 5.740% $291.47 Learn More

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

Branches

Union Bank & Trust 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 & Trust Locations

Financial Details

Union Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Union Bank & Trust. 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 & Trust U.S. Bank Average
2.49% 7.92%

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, 2018, Union Bank & Trust had $42,745,000 in non-current loans and $10,099,000 in owned real estate. To cover these potential losses it had $2,080,453,000 in equity and $40,629,000 in loans loss reserves. That gives it a Texas Ratio of 2.49%.

Return on Equity
Union Bank & Trust U.S. Bank Average
5.63% 9.35%

Union Bank & Trust has a Return on Equity of 5.63% versus the BestCashCow average of 9.35%. 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 & Trust U.S. Bank Average
15.86% 12.01%

Union Bank & Trust has a Capitalization of 15.86% versus the BestCashCow average of 12.01. 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 & Trust Balance Sheet Analysis

As of March 31, 2018, Union Bank & Trust had assets of $13,118,005,000, loans of $9,792,821,000, and deposits of $9,695,875,000. 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

ASSETS
Cash & Balances due from depository institutions $0.33 billion
Interest-bearing balances $0.20 billion
Total securities $1.45 billion
Federal funds sold and reverse repurchase $0.01 billion
Net loans and leases $9.79 billion
Loan loss allowance $0.04 billion
Trading account assets $0.02 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.01 billion
Goodwill and other intangibles $0.77 billion
All other assets $0.59 billion
     Total Assets $11.04 billion
LIABILITIES
Total deposits $9.70 billion
      Interest-bearing deposits $7.62 billion
      Deposits held in domestic offices $9.70 billion
      % insured (estimated) 70.98%
Federal funds purchased and repurchase agreements $0.03 billion
Trading liabilities $0.02 billion
Other borrowed funds $1.21 billion
Subordinated debt $0.00 billion
All other liabilities $0.08 billion
      Total Liabilities $11.04 billion
      Shareholders’ Equity $2.08 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.12 billion
Total Interest Expense $0.02 billion
Net interest income $0.11 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.02 billion
Total non interest expense $0.10 billion
Pre-tax Net Operating Income $0.03 billion

Frequently Asked Questions About Union Bank & Trust

Branches and Savings

Is Union Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #34589.

Why does Union Bank & Trust 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 & Trust CD rates not competitive?

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

Is Union Bank & Trust a commercial bank?

Yes

Where are Union Bank & Trust locations?

See branch locations nearby.

Is Union Bank & Trust open on Saturdays?

Is Union Bank & Trust open on Sundays?

What time does Union Bank & Trust open?

What time does Union Bank & Trust close?

Are Union Bank & Trust ATMs Open 24/7?

Do Union Bank & Trust ATMs accept cash deposits?

Can Union Bank & Trust customers use other ATMs?

Do Union Bank & Trust branches have notaries?

Will Union Bank & Trust notarize my document?

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

Will the Union Bank & Trust branch print checks?

Do Union Bank & Trust checks expire?

Does Union Bank & Trust require US citizenship to open account?

Can Union Bank & Trust close my account?

Does Union Bank & Trust Report to credit bureaus?

Does Union Bank & Trust Use Equifax?

What is Union Bank & Trust's ACH Routing Number?

What is Union Bank & Trust's SWIFT code?

Products

Does Union Bank & Trust offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Union Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Union Bank & Trust offer student loans?

Will Union Bank & Trust cash a check?

Will Union Bank & Trust redeem a savings bond?

Does Union Bank & Trust cash savings bonds?

Will Union Bank & Trust cash money orders?

Can Union Bank & Trust issue a money order?

Does Union Bank & Trust do currency exchange?

Background on The Bank

Who owns Union Bank & Trust?

How long has Union Bank & Trust been around?

Can Union Bank & Trust transfer to other banks?

Does Union Bank & Trust have quick pay?

Does Union Bank & Trust accept rolled coins?

Will Union Bank & Trust accept loose change?

Where is Union Bank & Trust headquarters?

Customer Reviews for Union Bank & Trust


  • tavonnepayne

    June 29, 2017 |

    ineedtenthousanddollars

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