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 United Bank of Michigan
United Bank of Michigan
| RSSD ID 150044 | CERTIFICATE 11807 | ABA NUMBER 72408805 |
| 900 East Paris Ave Se |
Quarter Ended : |
2025-03-31 |
| Grand Rapids, Michigan, 49546 |
Updated : |
2025-04-30 |
| www.unitedbank4u.com |
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| Institution Profile |
| Year Opened : |
1903 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
13 |
Number of Employees : |
159 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 1,059,311 |
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Total Interest Income | 12,353 |
| Total Liabilities | 960,421 |
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Total NonInterest Income | 1,795 |
| Total Bank Equity Capital | 98,890 |
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Total Interest Expense | 4,239 |
| Total Deposits | 896,791 |
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Total NonInterest Expense | 6,590 |
| Net Loans & Leases | 810,959 |
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Net Income | 2,540 |
| Loan Loss Allowance | 8,331 |
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Net Charge Offs | 604 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Community Bank Leverage Ratio | Yes |
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Total loans | 815,734 |
| Total assets for the leverage ratio | 1,038,775 |
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Loans secured by real estate: | 788,172 |
| Tier 1 Leverage Ratio | 9.72 |
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Commercial and industrial loans | 21,258 |
| Off Balance Sheet Exposures (%) | 9.18 |
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Loans to individuals - Credit Cards | 0 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 4,742 |
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:· United Bank of Michigan
