United Bank of Union

Headquarters

15 East Main Street
Union, MO 63084
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.02% 1.60% →
1-Year CD 0.70% 1.55% →
2-Year CD 1.10% 1.45% →
5-Year CD 1.50% 1.66% →
30-Year Mortgage 3.55% 3.09% →
15-Year Mortgage 3.09% 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

United Bank of Union is an FDIC insured institution located in Union, MO. It was founded in 1934 and has approximately $0.37 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 14334
Date Established 1934
Assets $ 370.68 million
Loans $ 272.90 million
Deposits $ 311.22 million
Capital $ 41.19 million
 

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

Deposit Rates - June 2, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.02% $1 - Learn More
Money Market
0.01% $1,000 $9,999 Learn More
Money Market
0.05% $10,000 $24,999 Learn More
Money Market
0.06% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $500 - Learn More
6 Mo CD
0.25% $500 - Learn More
Special: 9 Mo CD
0.45% $500 - Learn More
Special: 12 Mo CD
0.70% $500 - Learn More
12 Mo CD
0.70% $500 - Learn More
18 Mo CD
0.40% $500 - Learn More
Special: 24 Mo CD
1.10% $500 - Learn More
24 Mo CD
1.10% $500 - Learn More
Special: 36 Mo CD
1.30% $500 - Learn More
36 Mo CD
1.30% $500 - Learn More
48 Mo CD
0.80% $500 - Learn More
Special: 60 Mo CD
1.50% $500 - Learn More
60 Mo CD
1.50% $500 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.70% $250 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.02% $1 - Learn MoreShow Less

Loan Rates - June 2, 2020

Your Current Location: Connecticut, CT 06828

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

United Bank of Union 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


United Bank of Union Locations


Financial Details

United Bank of Union Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of United Bank of Union. 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
United Bank of Union U.S. Bank Average
18.38% 6.51%

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 December 31, 2019, United Bank of Union had $6,399,000 in non-current loans and $2,032,000 in owned real estate. To cover these potential losses it had $41,189,000 in equity and $4,685,000 in loans loss reserves. That gives it a Texas Ratio of 18.38%.

Return on Equity
United Bank of Union U.S. Bank Average
14.44% 9.41%

United Bank of Union has a Return on Equity of 14.44% versus the BestCashCow average of 9.41%. 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
United Bank of Union U.S. Bank Average
11.11% 12.82%

United Bank of Union has a Capitalization of 11.11% versus the BestCashCow average of 12.82. 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.

United Bank of Union Balance Sheet Analysis

As of December 31, 2019, United Bank of Union had assets of $370,680,000, loans of $272,901,000, and deposits of $311,219,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $ 7.64 million
Interest-bearing balances $ 2.19 million
Total securities $ 61.59 million
Federal funds sold and reverse repurchase $ 6.62 million
Net loans and leases $ 272.90 million
Loan loss allowance $ 4.69 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.03 million
Goodwill and other intangibles $ 1.02 million
All other assets $ 7.03 million
     Total Assets $ 329.49 million
LIABILITIES
Total deposits $ 311.22 million
      Interest-bearing deposits $ 272.69 million
      Deposits held in domestic offices $ 311.22 million
      % insured (estimated) 77.32%
Federal funds purchased and repurchase agreements $ 3.49 million
Trading liabilities N.A.
Other borrowed funds $ 13.40 million
Subordinated debt N.A.
All other liabilities $ 1.38 million
      Total Liabilities $ 329.49 million
      Shareholders’ Equity $ 41.19 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 16.81 million
Total Interest Expense $ 3.81 million
Net interest income $ 12.99 million
Provision for loan and lease losses $ 0.66 million
Total non interest income $ 2.36 million
Total non interest expense $ 9.07 million
Pre-tax Net Operating Income $ 5.63 million

Bank Loan Profile?

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

Compared to other banks in Missouri, United Bank of Union 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 27.65
Multifamily
Mortgages
3.51
Credit Card Loans 0.00
Consumer Auto Loans 0.57
Small Business Loans 10.65
Construction and Development Loans 14.65
Commercial Real Estate 32.19
Commercial and Industrial Loans 18.86
Farm Loans 0.07

Frequently Asked Questions About United Bank Of Union

Branches and Savings

Is United Bank Of Union FDIC insured?

Yes. It is covered under FDIC Certificate #14334.

Why does United Bank Of Union pay such low interest on savings accounts?

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

Why are United Bank Of Union CD rates not competitive?

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

Is United Bank Of Union a commercial bank?

Yes

Where are United Bank Of Union locations?

See branch locations nearby.

Is United Bank Of Union open on Saturdays?

Is United Bank Of Union open on Sundays?

What time does United Bank Of Union open?

What time does United Bank Of Union close?

Are United Bank Of Union ATMs Open 24/7?

Do United Bank Of Union ATMs accept cash deposits?

Can United Bank Of Union customers use other ATMs?

Do United Bank Of Union branches have notaries?

Will United Bank Of Union notarize my document?

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

Will the United Bank Of Union branch print checks?

Do United Bank Of Union checks expire?

Does United Bank Of Union require US citizenship to open account?

Can United Bank Of Union close my account?

Does United Bank Of Union Report to credit bureaus?

Does United Bank Of Union Use Equifax?

What is United Bank Of Union's ACH Routing Number?

What is United Bank Of Union's SWIFT code?

Products

Does United Bank Of Union offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does United Bank Of Union offer personal loans?

Compare personal loan rates here.

Does United Bank Of Union offer student loans?

Will United Bank Of Union cash a check?

Will United Bank Of Union redeem a savings bond?

Does United Bank Of Union cash savings bonds?

Will United Bank Of Union cash money orders?

Can United Bank Of Union issue a money order?

Does United Bank Of Union do currency exchange?

Background on The Bank

Who owns United Bank Of Union?

How long has United Bank Of Union been around?

Can United Bank Of Union transfer to other banks?

Does United Bank Of Union have quick pay?

Does United Bank Of Union accept rolled coins?

Will United Bank Of Union accept loose change?

Where is United Bank Of Union headquarters?

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