# UNION BANK
GRAND RAPIDS, MI · FDIC certificate 14722 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 1 (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 | $396.7M | |
| Deposits | $313.5M | |
| Loans and leases | $319.4M | |
| Total equity | $33.4M | |
| Loans / deposits | 100.57% (p89 of band) | 82.04% |
| Liquid assets / assets | 14.04% (p14 of band) | |
| Uninsured deposits / deposits | 24.99% (p46 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 9.83% (p76 of band) | |
| FHLB advances / assets | 9.83% | |
| Tier 1 leverage | 8.83% (p10 of band) | 10.81% |
| Unrealized securities loss / equity | -4.53% (p65 of band) | -8.10% |
| AOCI / equity | 0.19% (p87 of band) | |
| ROA (annualized) | 0.75% (p19 of band) | 1.28% |
| Net interest margin | 4.33% (p74 of band) | 3.91% |
| Efficiency ratio | 75.51% (p83 of band) | |
| Noncurrent loans | 1.07% (p75 of band) | 0.43% |
| Net charge-offs (annualized) | 0.00% (p18 of band) | |
| Reserve coverage of noncurrent | 119.97% | |
| Real estate % of loans | 81% | |
| Construction % of loans | 71.72% (p73 of band) | |
| Auto loans | $2.4M (0.75% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 4.6% | |
| Employees | 82 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 1 | reserve under noncurrent |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 2 | capital falling |  |
| 2012-06 | 1 |  | capital falling |
| 2012-09 | 1 |  |  |
| 2012-12 | 2 | charge-offs p90 |  |
| 2013-03 | 3 | capital falling, uninsured deposits leaving | reserve under noncurrent |
| 2013-06 | 1 | reserve under noncurrent | charge-offs p90, capital falling, uninsured deposits leaving |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 2 | charge-offs p90 |  |
| 2014-06 | 1 |  | charge-offs p90 |
| 2014-09 | 2 | charge-offs p90 |  |
| 2014-12 | 1 |  | charge-offs p90 |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2015-12 | 1 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2016-03 | 1 |  |  |
| 2016-06 | 2 | capital falling |  |
| 2016-09 | 1 |  | capital falling |
| 2016-12 | 1 |  |  |
| 2017-03 | 3 | capital falling, expense ratio p90 |  |
| 2017-06 | 1 |  | capital falling, expense ratio p90 |
| 2017-09 | 1 |  |  |
| 2017-12 | 0 |  | reserve under noncurrent |
| 2018-03 | 1 | expense ratio p90 |  |
| 2018-06 | 0 |  | expense ratio p90 |
| 2018-09 | 1 | expense ratio p90 |  |
| 2018-12 | 0 |  | expense ratio p90 |
| 2019-03 | 1 | capital falling |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 | reserve under noncurrent | capital falling |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | capital falling |  |
| 2020-06 | 2 |  |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 1 |  | reserve under noncurrent |
| 2021-03 | 5 | leverage <7%, noncurrent p90, charge-offs p90, reserve under noncurrent |  |
| 2021-06 | 4 | expense ratio p90 | capital falling, noncurrent p90 |
| 2021-09 | 4 | noncurrent p90 | charge-offs p90 |
| 2021-12 | 3 | charge-offs p90 | leverage <7%, expense ratio p90 |
| 2022-03 | 3 | expense ratio p90 | charge-offs p90 |
| 2022-06 | 1 |  | reserve under noncurrent, noncurrent p90 |
| 2022-09 | 2 | AOCI drag >20% of equity |  |
| 2022-12 | 1 |  | AOCI drag >20% of equity |
| 2023-03 | 2 | charge-offs p90 |  |
| 2023-06 | 2 |  |  |
| 2023-09 | 1 | noncurrent p90 | expense ratio p90, charge-offs p90 |
| 2023-12 | 1 | expense ratio p90 | noncurrent p90 |
| 2024-03 | 0 |  | expense ratio p90 |
| 2024-06 | 1 | capital falling |  |
| 2024-09 | 3 | expense ratio p90, reserve under noncurrent, uninsured deposits leaving | capital falling |
| 2024-12 | 3 | noncurrent p90 | uninsured deposits leaving |
| 2025-03 | 3 | capital falling | expense ratio p90 |
| 2025-06 | 3 | charge-offs p90 | capital falling |
| 2025-09 | 2 | expense ratio p90 | noncurrent p90, charge-offs p90 |
| 2025-12 | 1 |  | reserve under noncurrent |
| 2026-03 | 1 | loans exceed deposits | expense ratio p90 |
| 2026-06 | 1 |  |  |

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

- 2026-01-09 [Michigan’s Zeal Credit Union to buy another UP bank - Banking Dive](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNX1FtcTlTWnpRTWh1SVdibzNzU010UVIwZlpEVjFtQXFXMWpka29jX19JUDZwdThzUlhCc2tkZEZkdkpXY01NcXhIT3U5YXpFV2k4U1BqVzVTSWVzTi1UcEdkMW9Vem9hM3FxLThEOE9VUnRRSzN4S2g2UE83c3E0QTFxWWVSOC0wa2xtOGpXM3VfWVNQWG1aWnZELUpBcE13MFcwOGJCaTRaZEJ4Z19hSXRUUjlMSHpp?oc=5) · Banking Dive
- 2026-01-12 [2025 Credit Union-Bank Acquisition Deals Decline From Record High in 2024 - CUTimes](https://news.google.com/rss/articles/CBMirgFBVV95cUxOZXk2amFNTTN6Tml0YXFNTVUzdTA4OHdYYkpQS2F1VjJ0UE8wYzVCRHRfOG9tOExuN29wcWRYWHJwcjN5Z1dUWDlNVEJFYkp3WlJ4U2dUNHVYbC1yUXloYVR0WjQwVG1kQjhyRUh3MzFxWFdSaXJxSTJZbEdQVnVhMkJ5YkNNOW4zZWluTWstRUF6VnNvZnRVeVVjQVRuVXcxRjZlSTd0ZG5yYzNTTHc?oc=5) · CUTimes
- 2026-03-11 [Wisconsin credit union to buy local bank - Banking Dive](https://news.google.com/rss/articles/CBMiiAFBVV95cUxObUVvQkthNDB3NFV3RmdOUFh6RTd5OExRTGhMWk5CdXhzdFVuc19jRDBISHgzRjM0dkNBVzB3YTR0Z1VuSUVNMi1iR1E5cG5KZF9OaWtJNXhJajBybEpDSmRlYi1mQWpjeVZOMFlEMU5ybG5PM3h0TDJ0MzBmNFlETlp5ZDB5RXBJ?oc=5) · Banking Dive
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2025-01-02 [How many credit unions acquired banks in 2024? An industry M&A analysis | Credit Union Journal - American Banker](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQRXVobmhmLTlwUVhUSGhzUFNydE44NGZZekt6VlJsa0E0a2cxOV9fTEgwa2tHV0dpTXIxSEI2NUxQTERjeDNLSUlfWkJ4QXdzQzJ4QU9fN2RSUjVpTmJGQmJQSmxJd3NXQ04zSXJWMDU0cC1VenNxcXM4Y3hGXzUwUTAzYzZzeGtzeWU0X2RKN1RVWjhCaUg2QVl4U0xOV01vcUVrOTR1dHFYbTFiMmR0QWtkSzI2TzlLYzJn?oc=5) · American Banker
- 2021-08-25 [Union Bank moving corporate headquarters to West Michigan - Crain's Grand Rapids](https://news.google.com/rss/articles/CBMiswFBVV95cUxNY1dNcVgtY2YwRVRFenFQQWo5RXU5WTQ4QU5OTlFwX3dFc2VDYUtDOHljZ0JIRmVTNWRYZ3c1UE4wN3VnaV9DNHNFX2pqc2Fmb0VnWC1mekx2OU40Q3RiOG9tV3RqOFdWN1U1UjlSNDZyMFdoc0lpR0I5OGs4T1BPRU9yNllhSjVlVFFFUGFPSzlyN3E3X2h5N2NQX2tfREE0TlJDMVRwZnJ4Snk4ckFwbmhHQQ?oc=5) · Crain's Grand Rapids
- 2025-06-05 [House Tax and Spending Bill Continues Income Tax Carveout for Credit Unions - Tax Foundation](https://news.google.com/rss/articles/CBMib0FVX3lxTE4wMzFRdHhpUzk3RTZkdmpiejRpRnhsTF8zeWVhSW8xMUJDNm43Mk9LVGFRSUdXZkRXZnVRZnNRQUU1dTR4ZHlfd2M0R2FsUlZvb2duQ054Y2lodXNHMDhma2NSb2poOXRhbUROR2tjWQ?oc=5) · Tax Foundation
- 2025-06-02 [Bhatt: States lose when credit unions acquire banks - The Detroit News](https://news.google.com/rss/articles/CBMitwFBVV95cUxOY04xMEpoVlhoQi1iY1RuRkFkMDcxVWZOaEstMVBKZTliRmR5ajRjZmMtbVc3TnBmeUtrWl83MVBtUldkT3I1Ri1PdWZRb0F2YW5mRFpnc1dsWW1xR2VhTXVUYkI2M3ZQYlBKVll0VHlueTZmbXdPMTRKa0xkMWh6TXlQQTZvVWFxNkdRcERwUl9kcVBoMmJENUpJSnVVQ3NXWEhtYzN5WXR1Q2gyRGgtclRrVzdfZzQ?oc=5) · The Detroit News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=14722 (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/2.json (key "14722", 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