C
Union Bank
Rating Date
April 2025
Risk Based
Capital Ratio
10.71
Leverage
Ratio
8.24
Return On
Assets
0.37%
Total
Assets
378.52M
Capital
28.03M
Total
Deposits
309.82M
Net
Income
1.32M
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Weiss Ratings Union Bank
Grand Rapids, MI 		Click to
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Rating C
Asset Quality Index 2.50
Capitalization Index 6.20
Liquidity Index 2.50
Profitability Index 2.10
Stability Index 4.10
Company Info Union Bank
Grand Rapids, MI 		Click to
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FDIC Number 14722
Phone Number (616) 374-3278
Website www.ubmich.com
Asset Quality Union Bank
Grand Rapids, MI 		Click to
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1-Year Asset Growth 10.23%
5-Year Asset Growth 16.57%
5-Year Charge-Offs to Average Loans 0.04%
Charge-Offs to Average Loans 0.01%
Non-Performing Assets to Assets 2.08%
Non-Performing Loans to Capital 20.49%
Non-Performing Loans to Loans 2.81%
Balance Sheet Union Bank
Grand Rapids, MI 		Click to
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Total Assets 378.52M
Total Deposits 309.82M
Capital and Reserves Union Bank
Grand Rapids, MI 		Click to
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Capital 28.03M
Leverage Ratio 8.24
Loan Loss Reserves to Loans 1.32%
Risk-Based Capital Ratio 10.71
Liquidity Union Bank
Grand Rapids, MI 		Click to
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Hot Money Ratio 16.56%
Liquidity Ratio 18.33%
Profitability Union Bank
Grand Rapids, MI 		Click to
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5-Year Return on Average Assets 0.61%
Net Income 1.32M
Net Interest Spread 3.63%
Operating Profit to Average Assets 0.45%
Overhead Efficiency Ratio 87.94%
Return on Assets 0.37%
Return on Equity 4.89%