Union Bank
Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.0 on a scale of 0 to 10). Operating profits as a percentage of assets at 0.5%, coupled with a return on assets of 0.4 has resulted in Weak (2.5) profitability.
Other Rating Factors:
Good current capitalization (6.2 on a scale of 0 to 10) based on a risk-based capital ratio of 10.9 and a capital leverage ratio of 8.2. Weak liquidity 1.9, driven by a liquidity ratio of 8.1 percent and a “hot money” ratio of 18.0 percent.
Asset Mix:
Comm re (40%), home mtgs (12%), securities (12%), comm loans (8%), cash (3%), home eq lns (2%), consumer loans (1%), other (21%)
States with Branches:
MI
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Union Financial Corporation
Investment Rating
Address
670 Cascade West Parkway SE
Grand Rapids, MI 49546
Grand Rapids, MI 49546
Phone Number
(616) 374-3278
Year Founded
1934
FDIC Number
Website
Largest Affiliates
No affiliate information available.