Union National Bank and Trust Company of Elgin

101 East Chicago Street
Elgin, IL 60120

Notable Rates APY Vs.Others
Savings 0.20% 2.30% →
1-Year CD 0.55% 2.25% →
2-Year CD 0.68% 2.50% →
5-Year CD 1.12% 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 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 $0.31 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 3661
Date Established 1904
Assets $0.31 billion
Loans $0.26 billion
Deposits $0.27 billion
Capital $0.04 billion
 

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 - December 9, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $2,501 $25,000 Learn MoreShow Less
Money Market
0.50% $25,001 $100,000 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.43% $100,000 - Learn MoreShow Less
6 Mo CD
0.47% $2,000 - Learn MoreShow Less
12 Mo CD
0.55% $2,000 - Learn MoreShow Less
24 Mo CD
0.68% $2,000 - Learn MoreShow Less
36 Mo CD
0.81% $2,000 - Learn MoreShow Less
48 Mo CD
0.94% $2,000 - Learn MoreShow Less
60 Mo CD
1.12% $2,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.55% $2,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,000 - Learn MoreShow Less

Loan Rates - December 9, 2019

Your Current Location: Washington, WA 98109

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 - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.625% 3.625% 0.00 ($65) $1,141 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

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:
Seattle,Washington


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
9.21% 6.77%

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 June 30, 2019, Union National Bank and Trust Company of Elgin had $1,313,000 in non-current loans and $2,507,000 in owned real estate. To cover these potential losses it had $37,920,000 in equity and $3,558,000 in loans loss reserves. That gives it a Texas Ratio of 9.21%.

Return on Equity
Union National Bank and Trust Company of Elgin U.S. Bank Average
8.22% 9.50%

Union National Bank and Trust Company of Elgin has a Return on Equity of 8.22% versus the BestCashCow average of 9.50%. 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
12.38% 12.76%

Union National Bank and Trust Company of Elgin has a Capitalization of 12.38% versus the BestCashCow average of 12.76. 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 June 30, 2019, Union National Bank and Trust Company of Elgin had assets of $306,368,000, loans of $256,104,000, and deposits of $267,885,000. 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

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.04 billion
Interest-bearing balances $0.04 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.26 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 $0.00 billion
     Total Assets $0.27 billion
LIABILITIES
Total deposits $0.27 billion
      Interest-bearing deposits $0.19 billion
      Deposits held in domestic offices $0.27 billion
      % insured (estimated) 79.52%
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 $0.27 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.01 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 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, 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 6.77
Multifamily
Mortgages
2.14
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 29.81
Construction and Development Loans 4.06
Commercial Real Estate 76.98
Commercial and Industrial Loans 10.94
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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