Union National Bank and Trust Company of Elgin

Headquarters

101 East Chicago Street
Elgin, IL 60120
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.40% →
1-Year CD 0.55% 1.15% →
2-Year CD 0.65% 1.26% →
5-Year CD 1.10% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Union National Bank and Trust Company of Elgin is an FDIC insured institution located in Elgin, IL. It was founded in 1904 and has approximately $0.32 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 3661
Date Established 1904
Assets $ 320.00 million
Loans $ 275.85 million
Deposits $ 281.91 million
Capital $ 37.29 million
 

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

Deposit Rates - July 12, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.45% $10,000 $14,999 Learn More
6 Mo CD
0.45% $100,000 $199,999 Learn More
12 Mo CD
0.55% $10,000 $14,999 Learn More
12 Mo CD
0.55% $100,000 $199,999 Learn More
24 Mo CD
0.65% $10,000 $14,999 Learn More
24 Mo CD
0.65% $100,000 $199,999 Learn More
36 Mo CD
0.80% $10,000 $14,999 Learn More
36 Mo CD
0.80% $100,000 $199,999 Learn More
48 Mo CD
0.95% $10,000 $14,999 Learn More
48 Mo CD
0.95% $100,000 $199,999 Learn More
60 Mo CD
1.10% $10,000 $14,999 Learn More
60 Mo CD
1.10% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.55% $10,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 $1,499 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - July 12, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Union National Bank and Trust Company of Elgin

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.950% 2.875% 1.00 $2,438 $1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
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PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
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Note to Union National Bank and Trust Company of Elgin
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Branches

Union National Bank and Trust Company of Elgin 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 National Bank and Trust Company of Elgin Locations


Financial Details

Union National Bank and Trust Company of Elgin Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Union National Bank and Trust Company of Elgin. 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 National Bank and Trust Company of Elgin U.S. Bank Average
7.81% 6.94%

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, 2020, Union National Bank and Trust Company of Elgin had $1,534,000 in non-current loans and $1,645,000 in owned real estate. To cover these potential losses it had $37,291,000 in equity and $3,392,000 in loans loss reserves. That gives it a Texas Ratio of 7.81%.

Return on Equity
Union National Bank and Trust Company of Elgin U.S. Bank Average
7.99% 7.80%

Union National Bank and Trust Company of Elgin has a Return on Equity of 7.99% versus the BestCashCow average of 7.80%. 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 National Bank and Trust Company of Elgin U.S. Bank Average
11.65% 12.68%

Union National Bank and Trust Company of Elgin has a Capitalization of 11.65% versus the BestCashCow average of 12.68. 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 National Bank and Trust Company of Elgin Balance Sheet Analysis

As of March 31, 2020, Union National Bank and Trust Company of Elgin had assets of $319,999,000, loans of $275,851,000, and deposits of $281,905,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 34.61 million
Interest-bearing balances $ 30.64 million
Total securities $ 4.74 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 275.85 million
Loan loss allowance $ 3.39 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.65 million
Goodwill and other intangibles N.A.
All other assets $ 2.40 million
     Total Assets $ 282.71 million
LIABILITIES
Total deposits $ 281.91 million
      Interest-bearing deposits $ 206.67 million
      Deposits held in domestic offices $ 281.91 million
      % insured (estimated) 78.82%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.80 million
      Total Liabilities $ 282.71 million
      Shareholders’ Equity $ 37.29 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.19 million
Total Interest Expense $ 0.91 million
Net interest income $ 2.28 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.02 million
Total non interest expense $ 1.21 million
Pre-tax Net Operating Income $ 1.09 million

Bank Loan Profile?

The top three loan types in Union National Bank and Trust Company of Elgin’s loan portfolio are Commercial Real Estate, Small Business Loans, and Commercial and Industrial Loans.

Compared to other banks in Illinois, Union National Bank and Trust Company of Elgin has a significantly higher percent of Small Business Loans, Construction and Development Loans, Commercial Real Estate 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 6.01
Multifamily
Mortgages
1.80
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 28.78
Construction and Development Loans 7.75
Commercial Real Estate 74.17
Commercial and Industrial Loans 11.06
Farm Loans 0.00

Frequently Asked Questions About Union National Bank And Trust Company Of Elgin

Branches and Savings

Is Union National Bank And Trust Company Of Elgin FDIC insured?

Yes. It is covered under FDIC Certificate #3661.

Why does Union National Bank And Trust Company Of Elgin pay such low interest on savings accounts?

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

Why are Union National Bank And Trust Company Of Elgin CD rates not competitive?

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

Is Union National Bank And Trust Company Of Elgin a commercial bank?

Yes

Where are Union National Bank And Trust Company Of Elgin locations?

See branch locations nearby.

Is Union National Bank And Trust Company Of Elgin open on Saturdays?

Is Union National Bank And Trust Company Of Elgin open on Sundays?

What time does Union National Bank And Trust Company Of Elgin open?

What time does Union National Bank And Trust Company Of Elgin close?

Are Union National Bank And Trust Company Of Elgin ATMs Open 24/7?

Do Union National Bank And Trust Company Of Elgin ATMs accept cash deposits?

Can Union National Bank And Trust Company Of Elgin customers use other ATMs?

Do Union National Bank And Trust Company Of Elgin branches have notaries?

Will Union National Bank And Trust Company Of Elgin notarize my document?

What address for Union National Bank And Trust Company Of Elgin should I put for incoming ACH transfers?

Will the Union National Bank And Trust Company Of Elgin branch print checks?

Do Union National Bank And Trust Company Of Elgin checks expire?

Does Union National Bank And Trust Company Of Elgin require US citizenship to open account?

Can Union National Bank And Trust Company Of Elgin close my account?

Does Union National Bank And Trust Company Of Elgin Report to credit bureaus?

Does Union National Bank And Trust Company Of Elgin Use Equifax?

What is Union National Bank And Trust Company Of Elgin's ACH Routing Number?

What is Union National Bank And Trust Company Of Elgin's SWIFT code?

Products

Does Union National Bank And Trust Company Of Elgin offer mortgages?

Compare mortgage rates here.

Does Union National Bank And Trust Company Of Elgin offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Union National Bank And Trust Company Of Elgin offer personal loans?

Compare personal loan rates here.

Does Union National Bank And Trust Company Of Elgin offer student loans?

Will Union National Bank And Trust Company Of Elgin cash a check?

Will Union National Bank And Trust Company Of Elgin redeem a savings bond?

Does Union National Bank And Trust Company Of Elgin cash savings bonds?

Will Union National Bank And Trust Company Of Elgin cash money orders?

Can Union National Bank And Trust Company Of Elgin issue a money order?

Does Union National Bank And Trust Company Of Elgin do currency exchange?

Background on The Bank

Who owns Union National Bank And Trust Company Of Elgin?

How long has Union National Bank And Trust Company Of Elgin been around?

Can Union National Bank And Trust Company Of Elgin transfer to other banks?

Does Union National Bank And Trust Company Of Elgin have quick pay?

Does Union National Bank And Trust Company Of Elgin accept rolled coins?

Will Union National Bank And Trust Company Of Elgin accept loose change?

Where is Union National Bank And Trust Company Of Elgin headquarters?

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