# UNION BANK
MORRISVILLE, VT · FDIC certificate 14158 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 4 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $1.56B | |
| Deposits | $1.10B | |
| Loans and leases | $1.12B | |
| Total equity | $106.1M | |
| Loans / deposits | 101.42% (p88 of band) | 87.10% |
| Liquid assets / assets | 22.26% (p55 of band) | |
| Uninsured deposits / deposits | 39.48% (p72 of band) | 30.76% |
| Brokered deposits | 2.81% | |
| Wholesale funding | 24.44% (p93 of band) | |
| FHLB advances / assets | 20.29% | |
| Tier 1 leverage | 7.82% (p3 of band) | 10.50% |
| Unrealized securities loss / equity | -34.67% (p7 of band) | -7.75% |
| AOCI / equity | -1.05% (p17 of band) | |
| ROA (annualized) | 0.80% (p19 of band) | 1.26% |
| Net interest margin | 3.12% (p20 of band) | 3.70% |
| Efficiency ratio | 75.99% (p89 of band) | |
| Noncurrent loans | 1.35% (p81 of band) | 0.51% |
| Net charge-offs (annualized) | 0.00% (p12 of band) | |
| Reserve coverage of noncurrent | 55.29% | |
| Real estate % of loans | 94% | |
| Construction % of loans | 93.57% (p85 of band) | |
| Auto loans | $125,000 (0.01% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | -0.7% | |
| Employees | 190 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)
- **securities losses >30% of equity** (`cap_secloss`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 2 | capital falling |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 1 |  | capital falling |
| 2012-06 | 1 |  |  |
| 2012-09 | 0 |  | reserve under noncurrent |
| 2012-12 | 1 | capital falling |  |
| 2013-03 | 0 |  | capital falling |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 1 | capital falling |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 0 |  | capital falling |
| 2016-12 | 1 | uninsured deposits leaving |  |
| 2017-03 | 0 |  | uninsured deposits leaving |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 3 | brokered >10%, wholesale funding >15%, capital falling |  |
| 2018-03 | 0 |  | brokered >10%, wholesale funding >15%, capital falling |
| 2018-06 | 1 | uninsured deposits leaving |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 | capital falling | uninsured deposits leaving |
| 2019-03 | 0 |  | capital falling |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 0 |  |  |
| 2020-12 | 0 |  |  |
| 2021-03 | 1 | capital falling |  |
| 2021-06 | 2 | leverage <7% |  |
| 2021-09 | 0 |  | capital falling, leverage <7% |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | capital falling |  |
| 2022-06 | 4 | AOCI drag >20% of equity, securities losses >30% of equity, construction >100% equity |  |
| 2022-09 | 4 |  |  |
| 2022-12 | 4 |  |  |
| 2023-03 | 4 | uninsured deposits leaving | AOCI drag >20% of equity |
| 2023-06 | 5 | brokered >10%, wholesale funding >15% | uninsured deposits leaving |
| 2023-09 | 5 |  |  |
| 2023-12 | 4 |  | wholesale funding >15% |
| 2024-03 | 3 | wholesale funding >15% | capital falling, brokered >10% |
| 2024-06 | 4 | deposits shrinking |  |
| 2024-09 | 4 | capital falling | deposits shrinking |
| 2024-12 | 5 | deposits shrinking |  |
| 2025-03 | 5 | reserve under noncurrent | deposits shrinking |
| 2025-06 | 5 |  |  |
| 2025-09 | 4 |  | capital falling |
| 2025-12 | 4 |  |  |
| 2026-03 | 4 |  |  |
| 2026-06 | 4 | loans exceed deposits | construction >100% equity |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-07-17 [Union Bank promotes Mitchell Kent and Carrie Locklin - Vermont Business Magazine](https://news.google.com/rss/articles/CBMikAFBVV95cUxQZmhLc2tUcHlpaTBqMFJWUnVIMUtHZnZ0VEUwZ3RxZFlrT3hITXNtZld1bnVxdFBjQllFTGphQUJ2OXQ1Qi1XcUVXdmQ3TTNOdHlrOXktM1Fhd0JoV080Y0o3T0kxVUUwTUtCQndFZVVubjVyQjVPWlhJN3lfbzNoWGtmTFY2WnpyaEpKSE1jLVo?oc=5) · Vermont Business Magazine
- 2026-03-05 [Town approves revised plans for bank building | Business News - Vermont Community Newspaper Group](https://news.google.com/rss/articles/CBMi5gFBVV95cUxQZ1JfNzdPZGQzcEs1ak5aU3hjclBsRFE0TndaQlBNa25CTG9rN3hJdjRFd2RuRFUteXJQX1ltN1NIekY4aVMydHBhd1o2eTFIeFZwR3JsdXRib203QUdqSjRQZzNiM3JoZE40ZlNTTjlYbDNIbG1paEM5czlKNjkyWFJjR25CT3J6US05UTZvQVpPazRQMGN2bExLUlJ5LVFabE5XUHBmaXc5RTA0ZFQ2LVMyQ1pXVFJpenRTeHhYcVBQVXhFdFFybnNybkQ2Slp6Zm1OWHNSaHY4NlVzT1M5VlNtNzZ1dw?oc=5) · Vermont Community Newspaper Group
- 2026-03-27 [After 135 Years, Union Bank Still Counts On Community & Service - Caledonian Record](https://news.google.com/rss/articles/CBMi8wFBVV95cUxPeDc3VzYtVDA5NEd3UVRXVlRGWkl2Nms0U3BfQzcxMGx2QWNFY2lVYjF3c0RuUzI4M01CZWpIU0ZrRExDMGI1dTMtdHhxMWJPdktNcnl6Rl9xQVdhN0FhdGQzVnhEaGFTUnlEWFAyMHFiUE81NG1zbDR0ak0wdmlKcWJRRXluTk5vRDY5S044U3A5Z1REcDhTbGpSbEhHeVViTEVNN0g0aV9sc2VkS0RqY2duekFMS2F3SDhRN0F6T25UVTlMeEVOX1dJUFVBT3NPYS0zS29ZVnBnM180X2dHMk1nYlQ1bEZ2QkNhWjF1c2xfeFU?oc=5) · Caledonian Record
- 2026-03-09 [Union Bank appoints Jeff Weidley as President and CEO - Vermont Business Magazine](https://news.google.com/rss/articles/CBMilwFBVV95cUxQc0ljbmhrb0k4WjRFbTVKanNKNzNEMmlOZkJaN3dIQ3BVaEF0eU4wSFMyMFJJVFdBV3hOc2dVUUIzVWdRMWI0SlBROWZzR0RXV3dfUVhBNFlLRzBlMmI5TWFFdG9oMVN1Rl9yTEN0VGlWbm8wa1FBRUZXX0JBTHg5TW1SZE1IOXlaM0twcUtKSDljZnpFMXhV?oc=5) · Vermont Business Magazine
- 2026-08-13 [Union Bankshares: An Attractive Local Vermont Bank Offering A 6% Dividend Yield (UNB) - Seeking Alpha](https://news.google.com/rss/articles/CBMivgFBVV95cUxNNmZqY29IVDhfT0xmY09TVGtVXzBrTXY4bVJtVmdVb3ZSeTBra3E1ZGRjcXBHcEQyZXZHWm5qYmdqLWJHNXFsSnNheDZHWHowWnFPWHYtaDRlMWZ6NDBTNV9aOTFiSmFycFdCOUxGbmRHZEU5MHBNeHFqLVI3MWZOejlSX2VLZ3hINV9mMGNGWXhuS2lTNDdGTm5LVnhYdjVLYW5TdUIxRmpmbmpYT3ZmdTVKTEo4WDZCbWNDMWhB?oc=5) · Seeking Alpha
- 2026-03-08 [English Field at Atlantic Union Bank Park - Virginia Tech Hokies - Stadium Journey](https://news.google.com/rss/articles/CBMifkFVX3lxTE8tMWRNaC1nUjZIcVJQVlljRnVtQ1l1Tm4zNHJxa1BRSW9JYUxxQklQTkx3d3h1eDRBM0pFeGtrTm9RSWxHSzRxSnBTeTctNFU4TzZFVHdiYnlSZVFPcEd2S1ZFSkJrc0pqT2pON1I2VEM3WkNFazJPZE41MXJqQQ?oc=5) · Stadium Journey
- 2025-12-18 [Union Bank development returns for town consideration - Vermont Community Newspaper Group](https://news.google.com/rss/articles/CBMi7AFBVV95cUxQS1FVQUwtVTI3cVRDTFdjV3Vyb1FWQXo0czRleE9HekZURHJQRzFmTVJXb041QVhPMmtjUXNOVDZjd1ZhMGVURndrVzhSY0R6bzA2dXcxby1JRXM5SUo4UTNwRjBQRFdpMzZ6cFZCQkhneDg3RWZMS1JlNmNtR0N1U0pVWC0xa0hsTWw1SDhIcmdvRl9jd0JzWmEzUHNjcWp4bmVGTDZUczdTa3oyU1U4ZTl5NDVzQ1pLUUNhYmRmb0xuNllFYi1ES3RxWUFJQm1LOVYzbW5FVk9CbHgtX2lIWkR4eURWZjNOaUw5Mg?oc=5) · Vermont Community Newspaper Group
- 2026-07-15 [Tyler Blu Weeks joins Union Bank as branch manager in Fairfax, VT - Vermont Business Magazine](https://news.google.com/rss/articles/CBMimAFBVV95cUxQOVV5SGVLNnUwYXpkbV9LY1ZIZnNFWHlnamNwTjJDd0p2TkI0WW9odHlmVHZJMm82NkRtbC0zZkVrdmlaNDVmcjd5Q1FjM0tHZlgybndQN1Y1b29reFV0S0R3UHpHbXhPaDlxQjdyckcwak9xUjlfal85OEFXX1B0N3dheFM3SURjQ3BLV3EzVVhsdFJSZV9JdQ?oc=5) · Vermont Business Magazine

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=14158 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/14.json (key "14158", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide