The Union Bank Company Mortgage Rates, Fees & Info
Columbus Grove, OHLEI: 254900BDGU9FU91PQA51
Tax ID: 34-4379460
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Bank Data
Review & Overview
The Union Bank Company is a smaller bank specializing in Home Purchase and Cash Out Refi loans. The Union Bank Company has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Columbus, Lima, New York, Cincinnati, and Bellefontaine among others. We have data for 116 markets. (Some data included below & more in-depth data is available with an active subscription.)The Union Bank Company has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The Union Bank Company is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.64% | 12/16/24 |
| 30 Year Conventional Purchase | 6.63% | 12/16/24 |
| 30 Year Conventional Refi | 6.38% | 12/16/24 |
| 30 Year Cash-out Refi | 6.58% | 12/16/24 |
| 30 Year FHA Purchase | 7.18% | 12/16/24 |
| 30 Year FHA Refi | 6.60% | 12/16/24 |
| 30 Year VA Purchase | 6.15% | 12/16/24 |
| 30 Year USDA Purchase | 6.87% | 12/16/24 |
| 15 Year Conventional Purchase | 6.10% | 12/16/24 |
| 15 Year Conventional Refi | 6.03% | 12/16/24 |
| 15 Year Cash-out Refi | 6.03% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
The Union Bank Company Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
860Origination Dollar Volume (All Markets)
$206,270,000Employee count
206Awards
The Union Bank Company - 2018
The Union Bank Company is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| COLUMBUS, OH (FHA|USDA|VA) | 276 | $85,400,000 | $309,420 | $4,277 | 4.85% |
| LIMA, OH (FHA|USDA|VA) | 84 | $16,720,000 | $199,048 | $2,658 | 4.76% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 39 | $14,415,000 | $369,615 | $8,654 | 4.80% |
| Outside of Metro Areas | 113 | $13,225,000 | $117,035 | $2,162 | 4.62% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 43 | $7,915,000 | $184,070 | $4,216 | 4.68% |
| Bellefontaine, OH (FHA|USDA|VA) | 2 | $4,860,000 | $2,430,000 | $6,101 | 4.75% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 17 | $3,765,000 | $221,471 | $5,795 | 4.63% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 12 | $3,610,000 | $300,833 | $6,768 | 4.68% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 9 | $2,655,000 | $295,000 | $8,143 | 4.56% |
| TOLEDO, OH (FHA|USDA|VA) | 26 | $2,560,000 | $98,462 | $3,082 | 4.65% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 10 | $2,510,000 | $251,000 | $9,318 | 4.58% |
| Findlay, OH (FHA|USDA|VA) | 10 | $1,890,000 | $189,000 | $2,388 | 4.86% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $1,795,000 | $256,429 | $7,761 | 4.64% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 7 | $1,715,000 | $245,000 | $4,023 | 4.77% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 5 | $1,605,000 | $321,000 | $9,402 | 4.55% |
| Marion, OH (FHA|USDA|VA) | 14 | $1,520,000 | $108,571 | $2,984 | 4.82% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 9 | $1,365,000 | $151,667 | $2,708 | 5.24% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $1,230,000 | $205,000 | $6,339 | 4.73% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $1,155,000 | $231,000 | $5,552 | 4.70% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $9,707 | 4.59% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,100,000 | $183,333 | $7,763 | 4.77% |
| Mount Vernon, OH (FHA|USDA|VA) | 6 | $1,080,000 | $180,000 | $3,388 | 4.94% |
| ROCHESTER, NY (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $7,655 | 4.91% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $7,007 | 4.50% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $7,075 | 4.63% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 5 | $785,000 | $157,000 | $5,763 | 4.75% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $9,325 | 4.67% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $7,044 | 4.04% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $6,247 | 4.42% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $7,405 | 4.69% |
| Van Wert, OH (FHA|USDA|VA) | 7 | $755,000 | $107,857 | $2,219 | 4.63% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $5,789 | 4.63% |
| Angola, IN (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $2,502 | 4.49% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $2,728 | 4.81% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $4,920 | 4.96% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,894 | 4.44% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,785 | 4.44% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $4,315 | 4.75% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $3,215 | 4.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $6,908 | 4.63% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $6,704 | 5.06% |
| AKRON, OH (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $5,888 | 4.44% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $6,593 | 4.88% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $7,240 | 4.50% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $2,042 | 4.75% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $6,224 | 4.81% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $10,924 | 4.44% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,636 | 5.19% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $5,260 | 4.81% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $6,220 | 4.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $9,680 | 4.25% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,829 | 4.69% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $5,021 | 4.69% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $10,419 | 5.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,243 | 5.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,903 | 3.75% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $13,789 | 4.63% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,059 | 4.38% |
| Wapakoneta, OH (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $3,227 | 4.42% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $13,631 | 3.88% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,737 | 4.38% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,709 | 5.50% |
| MONROE, MI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,496 | 4.75% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,166 | 4.88% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $10,365 | 4.88% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $12,552 | 4.63% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,175 | 4.25% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $16,196 | 4.13% |
| Fremont, OH (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $2,803 | 4.92% |
| Forest City, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,073 | 4.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,340 | 4.63% |
| Somerset, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,073 | 5.25% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,547 | 4.38% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,804 | 5.50% |
| Urbana, OH (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,991 | 4.88% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,895 | 4.75% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,825 | 4.88% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,883 | 4.50% |
| Defiance, OH (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,724 | 4.56% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,951 | 4.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,146 | 5.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,088 | 4.75% |
| Campbellsville, KY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,634 | 4.63% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,717 | 4.13% |
| KANKAKEE, IL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,449 | 5.75% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,813 | 4.88% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,880 | 4.50% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,124 | 4.38% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,823 | 4.38% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,474 | 4.50% |
| ERIE, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,469 | 4.75% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,521 | 4.63% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,177 | 3.75% |
| Wilmington, OH (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,571 | 4.81% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,987 | 4.50% |
| MADISON, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,725 | 4.13% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,769 | 4.50% |
| Concord, NH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,382 | 5.25% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,517 | 4.75% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,428 | 4.50% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,441 | 4.63% |
| WHEELING, WV-OH (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $2,510 | 4.31% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,216 | 4.38% |
| Adrian, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,292 | 4.13% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,618 | 5.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,158 | 4.50% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,777 | 5.63% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,375 | 4.50% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,486 | 4.38% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,676 | 4.63% |
| Washington Court House, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,713 | 4.63% |
| Kinston, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,583 | 4.38% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,831 | 5.63% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,426 | 4.75% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,222 | 4.88% |
| Tiffin, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against The Union Bank Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2018, The Union Bank Company's most frequently originated type of loan was Conventional, with 598 originations. Their 2nd most popular type was FHA, with 147 originations.
Loan Reason
For 2018, The Union Bank Company's most frequently cited loan purpose was Home Purchase, with 464 originations. The 2nd most popular reason was Cash Out Refi, with 298 originations.
Loan Duration/Length
For 2018, The Union Bank Company's most frequently cited loan duration was 30 Year, with 626 originations. The 2nd most popular length was 15 Year, with 82 originations.
Origination Fees/Closing Costs
The Union Bank Company's average total fees were $5,037, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 537 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 583 | $140,895,000 | $241,672 |
| 5-6% | 189 | $51,185,000 | $270,820 |
| 3-4% | 85 | $13,845,000 | $162,882 |
| 6-7% | 3 | $345,000 | $115,000 |
During 2018, The Union Bank Company's average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 4-5%, with 583 originations.
Loan Sizing
2018 saw The Union Bank Company place emphasis on $200k-400k loans with 324 originations, totaling $86,760,000 in origination value.
Applicant Income
The Union Bank Company lent most frequently to those with incomes in the $50k-75k range, with 229 originations. The second most popular income band? $75k-100k, with 158 originations.
Applicant Debt to Income Ratio
The Union Bank Company lent most frequently to those with DTI ratios of 20-30%, with 145 originations. The next most common DTI ratio? 30-36%, with 127 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.67%
The Union Bank Company has an average approval rate.
Pick Rate
Approvals leading to origination69.88%
The Union Bank Company has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 860 | $206,270,000 | $239,849 |
Occupancy Type Mix
LTV Distribution
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| The Union Bank Company | 101 Progressive Drive Columbus Grove, OH 45830 | Limited, Drive-thru | $0 |
| The Union Bank Company | 105 Progressive Drive Columbus Grove, OH 45830 | Full Service B&M | $72,649 |
| The Union Bank Company | 110 East North Street Kalida, OH 45853 | Full Service B&M | $68,389 |
| The Union Bank Company | 111 South Main Street Marion, OH 43302 | Full Service B&M | $23,757 |
| The Union Bank Company | 114 East Third Street Delphos, OH 45833 | Full Service B&M | $60,868 |
| The Union Bank Company | 1300 North Main Street Bowling Green, OH 43402 | Full Service B&M | $22,290 |
| The Union Bank Company | 132 Front Street Pemberville, OH 43450 | Full Service B&M | $47,205 |
| The Union Bank Company | 1410 Bellefontaine Ave Lima, OH 45804 | Full Service B&M | $40,160 |
| The Union Bank Company | 1500 Bright Rd Findlay, OH 45840 | Full Service B&M | $18,102 |
| The Union Bank Company | 20311 Pemberville Road Pemberville, OH 43450 | Limited, Drive-thru | $453 |
| The Union Bank Company | 220 Richland Road Marion, OH 43302 | Full Service B&M | $27,808 |
| The Union Bank Company | 230 West Main Street Gibsonburg, OH 43431 | Full Service B&M | $22,281 |
| The Union Bank Company | 30 Coal Bend Delaware, OH 43015 | Full Service B&M | $18,181 |
| The Union Bank Company | 318 South Belmore Street Leipsic, OH 45856 | Full Service B&M | $60,159 |
| The Union Bank Company | 3211 Elida Road Lima, OH 45805 | Full Service B&M | $39,062 |
| The Union Bank Company | 461 Beecher Road Gahanna, OH 43230 | Full Service B&M | $52,235 |
| The Union Bank Company | 468 Polaris Parkway Westerville, OH 43082 | Full Service B&M | $15,759 |
| The Union Bank Company | 701 Shawne Road Lima, OH 45805 | Full Service B&M | $19,146 |
| The Union Bank Company | State Route 65 And Us Route 224 Ottawa, OH 45875 | Full Service B&M | $35,413 |
For 2018, The Union Bank Company had 19 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $34,366 |
| Net interest income | $29,397 |
| Total noninterest income | $9,434 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,610 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $7,824 |
| Pre-tax net operating income | $11,442 |
| Securities gains (or losses, -) | $-6 |
| Income before extraordinary items | $9,566 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $9,566 |
| Minority interest net income | $0 |
| Net income | $9,566 |
| Sale, conversion, retirement of capital stock, net | $167 |
| Net operating income | $9,571 |
The Union Bank Company's gross interest income from loans was $34,366,000.
The Union Bank Company's net interest income from loans was $29,397,000.
The Union Bank Company's fee based income from loans was $1,610,000.
The Union Bank Company's net income from loans was $9,566,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,969 |
| Provision for credit losses | $450 |
| Total noninterest expense | $26,939 |
| Salaries and employee benefits | $15,844 |
| Premises and equipment expense | $2,799 |
| Additional noninterest expense | $8,296 |
| Applicable income taxes | $1,870 |
| Net charge-offs | $-241 |
| Cash dividends | $4,500 |
The Union Bank Company's interest expense for loans was $4,969,000.
The Union Bank Company's payroll and benefits expense were $15,844,000.
The Union Bank Company's property, plant and equipment expenses $2,799,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $669,674 |
| Deposits held in domestic offices | $669,674 |
| Deposits by Individuals, partnerships, and corporations | $621,773 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $47,091 |
| Deposits by Commercial banks and other depository institutions in U.S. | $810 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $79,384 |
| Demand deposits | $49,979 |
| Nontransaction accounts | $590,290 |
| Money market deposit accounts (MMDAs) | $138,813 |
| Other savings deposits (excluding MMDAs) | $271,124 |
| Total time deposits | $180,353 |
| Total time and savings deposits | $619,695 |
| Noninterest-bearing deposits | $111,673 |
| Interest-bearing deposits | $558,001 |
| Retail deposits | $654,620 |
| IRAs and Keogh plan accounts | $19,337 |
| Brokered deposits | $5,502 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $829,051 |
| Cash & Balances due from depository institutions | $16,475 |
| Interest-bearing balances | $4,777 |
| Total securities | $167,352 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $565,792 |
| Loan and leases loss allowance | $3,527 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $18,963 |
| Other real estate owned | $108 |
| Goodwill and other intangibles | $31,059 |
| All other assets | $29,302 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $829,051 |
| Total Liabilities | $729,917 |
| Total deposits | $669,674 |
| Interest-bearing deposits | $558,001 |
| Deposits held in domestic offices | $669,674 |
| % insured (estimated) | $88 |
| Federal funds purchased and repurchase agreements | $1,495 |
| Trading liabilities | $0 |
| Other borrowed funds | $54,198 |
| Subordinated debt | $0 |
| All other liabilities | $4,550 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $565,792 |
| Loan and leases loss allowance | $3,527 |
| Total loans and leases (domestic) | $569,319 |
| All real estate loans | $471,899 |
| Real estate loans in domestic offices | $471,899 |
| Construction and development loans | $47,676 |
| Residential 1-4 family construction | $1,914 |
| Other construction, all land development and other land | $45,762 |
| Loans secured by nonfarm nonresidential properties | $159,932 |
| Nonfarm nonresidential secured by owner-occupied properties | $68,487 |
| Commercial real estate & other non-farm, non-residential | $91,445 |
| Multifamily residential real estate | $39,818 |
| 1-4 family residential loans | $193,578 |
| Farmland loans | $30,895 |
| Loans held in foreign offices | $0 |
| Farm loans | $16,353 |
| Commercial and industrial loans | $58,294 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $8,173 |
| Credit card loans | $0 |
| Related Plans | $109 |
| Consumer Auto Loans | $5,126 |
| Other loans to individuals | $2,938 |
| All other loans & leases | $14,600 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $8,020 |
| Loans to depository institutions and acceptances of other banks | $2,082 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $487 |
| Non 1-4 family restructured loans & leases | $161 |
| Total loans and leases (foreign) | $0 |
The Union Bank Company had $565,792,000 of loans outstanding in 2018. $471,899,000 of loans were in real estate loans. $47,676,000 of loans were in development loans. $39,818,000 of loans were in multifamily mortgage loans. $193,578,000 of loans were in 1-4 family mortgage loans. $16,353,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,126,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 431 | $77,010 | $178,677 |
| Nonfarm, nonresidential loans - <$100k | 93 | $2,918 | $31,376 |
| Nonfarm, nonresidential loans - $100-250k | 145 | $14,011 | $96,628 |
| Nonfarm, nonresidential loans - $250k-1MM | 193 | $60,081 | $311,301 |
| Commercial & Industrial, US addressed loans - <$1MM | 621 | $38,412 | $61,855 |
| Commercial & Industrial, US addressed loans - <$100k | 389 | $6,948 | $17,861 |
| Commercial & Industrial, US addressed loans - $100-250k | 126 | $9,005 | $71,468 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 106 | $22,459 | $211,877 |
| Farmland loans - <$1MM | 154 | $18,949 | $123,045 |
| Farmland loans - <$100k | 42 | $1,411 | $33,595 |
| Farmland loans - $100-250k | 67 | $6,645 | $99,179 |
| Farmland loans - $250k-1MM | 45 | $10,893 | $242,067 |
| Agriculture operations loans - <$1MM | 187 | $8,573 | $45,845 |
| Agriculture operations loans - <$100k | 130 | $2,835 | $21,808 |
| Agriculture operations loans - $100-250k | 40 | $3,046 | $76,150 |
| Agriculture operations loans - $250k-1MM | 17 | $2,692 | $158,353 |