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 Union Bank
Union Bank
| RSSD ID 390840 | CERTIFICATE 14722 | ABA NUMBER 72404320 |
| 933 4th Ave |
Quarter Ended : |
2025-03-31 |
| Lake Odessa, Michigan, 48849 |
Updated : |
2025-04-30 |
| www.ubmich.com |
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| Institution Profile |
| Year Opened : |
1934 |
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 : |
9 |
Number of Employees : |
95 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 366,753 |
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Total Interest Income | 4,748 |
| Total Liabilities | 337,790 |
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Total NonInterest Income | 1,044 |
| Total Bank Equity Capital | 28,963 |
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Total Interest Expense | 1,458 |
| Total Deposits | 297,067 |
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Total NonInterest Expense | 3,794 |
| Net Loans & Leases | 281,333 |
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Net Income | 335 |
| Loan Loss Allowance | 3,774 |
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Net Charge Offs | (3) |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 34,378 |
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Total loans | 279,015 |
| Total assets for the leverage ratio | 370,134 |
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Loans secured by real estate: | 232,258 |
| Tier 1 Leverage Ratio | 8.22 |
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Commercial and industrial loans | 30,279 |
| Tier 1 Capital Ratio | 9.69 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 10.94 |
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Loans to individuals - Other | 3,684 |
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:· Union Bank
