# UNION BANK
GREENVILLE, NC · FDIC certificate 34934 · asset band $1-10B · latest filing 2022-09 · stopped filing (departed)

**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 | $1.14B | |
| Deposits | $1.03B | |
| Loans and leases | $680.9M | |
| Total equity | $92.7M | |
| Loans / deposits | 65.12% (p25 of band) | 79.05% |
| Liquid assets / assets | 34.74% (p71 of band) | |
| Uninsured deposits / deposits | 14.37% (p11 of band) | 32.67% |
| Brokered deposits | 4.89% | |
| Wholesale funding | 4.92% (p53 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.37% (p40 of band) | 9.71% |
| Unrealized securities loss / equity | -41.48% (p32 of band) | -26.09% |
| AOCI / equity | -32.57% (p25 of band) | |
| ROA (annualized) | 1.09% (p43 of band) | 1.15% |
| Net interest margin | 3.26% (p45 of band) | 3.33% |
| Efficiency ratio | 59.07% (p49 of band) | |
| Noncurrent loans | 0.10% (p22 of band) | 0.27% |
| Net charge-offs (annualized) | 0.00% (p29 of band) | |
| Reserve coverage of noncurrent | 1178.29% | |
| Real estate % of loans | 93% | |
| Construction % of loans | 112.90% (p84 of band) | |
| Auto loans | $378,000 (0.06% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p37 of band) | |
| Deposits YoY | 8.2% | |
| Employees | 151 | |

## Flags firing in the latest filing

- **AOCI drag >20% of equity** (`cap_aoci`)
- **securities losses >30% of equity** (`cap_secloss`)
- **construction >100% equity** (`conc_construction`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | brokered >10%, wholesale funding >15%, construction >100% equity |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 3 |  |  |
| 2011-12 | 2 |  | construction >100% equity |
| 2012-03 | 2 |  |  |
| 2012-06 | 3 | construction >100% equity |  |
| 2012-09 | 3 |  |  |
| 2012-12 | 3 | capital falling | brokered >10% |
| 2013-03 | 1 |  | construction >100% equity, capital falling |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 | construction >100% equity | wholesale funding >15% |
| 2013-12 | 1 |  |  |
| 2014-03 | 4 | wholesale funding >15%, capital falling, uninsured deposits leaving |  |
| 2014-06 | 3 |  | construction >100% equity |
| 2014-09 | 4 | construction >100% equity |  |
| 2014-12 | 3 |  | capital falling |
| 2015-03 | 2 |  | uninsured deposits leaving |
| 2015-06 | 2 |  |  |
| 2015-09 | 2 |  |  |
| 2015-12 | 1 | capital falling | wholesale funding >15%, construction >100% equity |
| 2016-03 | 0 |  | capital falling |
| 2016-06 | 1 | wholesale funding >15% |  |
| 2016-09 | 0 |  | wholesale funding >15% |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 2 | wholesale funding >15%, charge-offs p90 |  |
| 2017-09 | 1 | capital falling | wholesale funding >15%, charge-offs p90 |
| 2017-12 | 0 |  | capital falling |
| 2018-03 | 1 | construction >100% equity |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 0 |  | construction >100% equity |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | construction >100% equity |  |
| 2019-06 | 0 |  | construction >100% equity |
| 2019-09 | 1 | construction >100% equity |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 3 | wholesale funding >15%, capital falling |  |
| 2020-06 | 0 |  | construction >100% equity, wholesale funding >15%, capital falling |
| 2020-09 | 0 |  |  |
| 2020-12 | 1 | construction >100% equity |  |
| 2021-03 | 0 |  | construction >100% equity |
| 2021-06 | 1 | capital falling |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | uninsured deposits leaving |  |
| 2022-06 | 4 | AOCI drag >20% of equity, securities losses >30% of equity, construction >100% equity |  |
| 2022-09 | 4 |  |  |

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

- 2026-04-13 [Virginia bank makes aggressive push into Raleigh market - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQRDJZVE85WXYyWXF3amFLS1FuekVocjg5TEFwN3dEc29KT0hiUVhuNEdwNk5qNzlyVEFJQlBoaGZXQURER2tTQlktZmtVWVE4YS1wZkNVQ19ZQXVRLUE2ZTA1OXhpY3dHUmk1MmM4RUZXNE5ZTGxXbm0td3U3NmNVUllLUGkwV1BzTjNfNmIzaURJdUFkZlhsSExPdDJ5eTdnT2dFRDM3bjI?oc=5) · The Business Journals
- 2026-08-27 [Raleigh Convention Center renamed Atlantic Union Bank Convention Center - ABC11 News](https://news.google.com/rss/articles/CBMijwFBVV95cUxNblhuSmZWdlQ3RTMxMEJPMGtNdVB0a3NsSFlkUFVkcW5VQUE3a25iYW5fRHQxdzJWc1BicDhhUTM5MmstSXUxcUVEU2lFdTM1aHpIMEVueHJNeVFLSEp4aENmbFFIYjZrM3VuaVBZM28tYThFV0dYUmtOSG5pa01JTk9UaHYybExGNU9MZjRBZ9IBlAFBVV95cUxNd3hVNDRmdF9DbS11LWZVMHZPNlJOYml1MGR4T25PTVkzMWY3M2JBb19Gb0xULW9OQml4bm5uc0hfdjhCNVpRMnYxZHhrcHZVcl9Ucy1hbzBwX3NCeUEybjVrNjRabWNYRUg1NnM5MHJ1TmNDejZhZXF3aGVUcERfVVdVSDdOaF9zdVBMMGJzTGxjYWda?oc=5) · ABC11 News
- 2026-06-04 [City to Consider Naming Opportunity for the Convention Center - RaleighNC.gov](https://news.google.com/rss/articles/CBMikgFBVV95cUxPaEw0UzhzTTZqR3NNdkVhZHJTb1kyb3RRYnYxY3FNT0hZc1FvUnYycG95R1dEZ042Q0lsT1ctNXZKYzM0YlJhUlhDOFZEdVBjdnZVYjdOUkZ2TngxR2dtRFNhaDFxcTBMcklneW1BRnNkTGVXLUxFLXluUy11T2hubTVxaEVIdVpFelJlNUlKa0NOQQ?oc=5) · RaleighNC.gov
- 2026-06-15 [Raleigh Convention Center to be renamed Atlantic Union Bank Convention Center - WUNC News](https://news.google.com/rss/articles/CBMijgFBVV95cUxOUVJzejI1R0FyRklBdDZ1SS1EZl9YQkYwTU1YMlhEd0k2dDdUbEhIMnY5VTlGZ0Zla2xQTGJETXBlMDR5OHhDMHJEM0FPdDA1RDJaMXZjam1FXzU5ak5LVWJoaFJHbFpoMjdqbk8yUjF3c3pDUFpHMnNjTFVkUnVlS3lQVXppSlRMWGZ6UjRB?oc=5) · WUNC News
- 2026-06-08 [Raleigh considers multi-million-dollar naming rights deal for convention center - CBS 17](https://news.google.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?oc=5) · CBS 17
- 2026-06-06 [Raleigh looks at selling convention center naming rights to bank - spectrumlocalnews.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxPdU5IalpfRlNIRV9zSFUwV01rY0R3dml2UldlTXhJSVItOU1XYkVqNjc0R2hvR3ZtVXJxczlDQVFmZ1lTU0R0Z0RsZnBoN1NjczkwZ01HSXdKOGxNOUdIRFNHQzQ0WHpvUjhZZXd0MUpQQlF0UEphQzZiVFJNdWVDTy1xcDg3MGY3THZEMTQwYi1wbjA?oc=5) · spectrumlocalnews.com
- 2026-08-21 [$38B Virginia bank doubles down on Triangle with branch expansion - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOSFNZZ3o4T2gyMGtPS3ZXWnNMUGxMZWNtMTRKeXEtTlMtTTJickNqOURhWEM0Y1VadVZSS0hfUWV4M3plQ0Y5ZVBvd21CaEFHbXRLT1lTSjBQdzJJTmdfN19QYXRON0ZYWTVfZy1mODF1cTJVU1YyWmwySHZNRmRlSjRnQkRSQ1NzXzZ0S3BBMDlSc21HNVA3Mzh0MUhWd1dndlNHMVA2dm8?oc=5) · The Business Journals
- 2025-12-01 [2025 Virginia Business Person of the Year: John Asbury | Atlantic Union Bank - Virginia Business](https://news.google.com/rss/articles/CBMikAFBVV95cUxQZ2JpMDNQcUJwb21JZnk1TThhU1VkX1BoU0I3bGhMS1dQN2dtZWEtUEFiM2FVNGdCZkNyYnRIb0Zna0NIbm5YbnVPeml2S1ZXeVRhMjEtVWN5TnA0THZrNF9zY0lFVnIxTHRCc2Y3NmktSFctRV9vZjh2ZG5XNmZQNGI2Z3BVWnBVT18xdUZzNTc?oc=5) · Virginia Business

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34934 (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/54.json (key "34934", 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