# UNION CENTER NATIONAL BANK
UNION, NJ · FDIC certificate 6431 · asset band $1-10B · latest filing 2014-06 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (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 | $1.67B | |
| Deposits | $1.28B | |
| Loans and leases | $1.01B | |
| Total equity | $181.9M | |
| Loans / deposits | 78.10% (p38 of band) | 83.91% |
| Liquid assets / assets | 34.68% (p73 of band) | |
| Uninsured deposits / deposits | 36.15% (p79 of band) | 22.39% |
| Brokered deposits | 12.03% | |
| Wholesale funding | 23.80% (p90 of band) | |
| FHLB advances / assets | 9.91% | |
| Tier 1 leverage | 9.99% (p55 of band) | 9.82% |
| Unrealized securities loss / equity | 7.25% (p95 of band) | 0.69% |
| AOCI / equity | 2.06% (p71 of band) | |
| ROA (annualized) | 1.08% (p68 of band) | 0.90% |
| Net interest margin | 3.10% (p24 of band) | 3.50% |
| Efficiency ratio | 54.44% (p17 of band) | |
| Noncurrent loans | 0.41% (p19 of band) | 0.97% |
| Net charge-offs (annualized) | 0.05% (p46 of band) | |
| Reserve coverage of noncurrent | 259.22% | |
| Real estate % of loans | 76% | |
| Construction % of loans | 25.70% (p43 of band) | |
| Auto loans | $29,000 (0.00% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p38 of band) | |
| Deposits YoY | -0.5% | |
| Employees | 166 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 3 | brokered >10% |  |
| 2011-12 | 2 |  | reserve under noncurrent |
| 2012-03 | 3 | capital falling |  |
| 2012-06 | 2 |  | capital falling |
| 2012-09 | 2 |  |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 2 |  |  |
| 2013-06 | 2 |  |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 2 |  |  |
| 2014-06 | 2 |  |  |

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

- 2024-05-17 [Carlos Leon Obituary - Linden, NJ - Dignity Memorial](https://news.google.com/rss/articles/CBMifkFVX3lxTFBOY3phdDcxZmhGYXpOZGRSVzV4dDZfWTJIc1RzTXhZMkxWeks5NWNqUWdmb0U2NGxzNXBybEt0bEZUb0M3VFNaU1hYeUU2OF9kWDg1WWxMcTdOZV9lcVVlSUwwTHkyOVZXVGRnNHdCQ3pIek0xZmpDY0xhbWpJZw?oc=5) · Dignity Memorial
- 2020-08-09 [Patrick Scanlon, former Union mayor, dies at 67 - New Jersey Globe](https://news.google.com/rss/articles/CBMijgFBVV95cUxQSFBGdzNfMTVFWlJXYlZPa2VEbmdHbHppWUJRRFlCVHBvU3pFSFlKcFRyeEl1UHNaUzZmSHBrT0ZqTkZVSGNYX3lXMjNzR0NadE9HV3hCcmlNTVh1UFphZUZlMDdiUVlrNWlmbzctWnFsR1pUMFBnbWlIdFBRM0dPZ0V4Nk5JUmYzdGptdUdR?oc=5) · New Jersey Globe
- 2020-03-18 [Photos: Multiple Development Projects Underway in Union Center - Jersey Digs](https://news.google.com/rss/articles/CBMijgFBVV95cUxOSmVnOG9wTG5DcU1CTlloZktiRzd5TXRsQlhQaURGaW96UlFId2xQMlA4a0lGR1VWMGZXSml4YW9aMEl5aFNqWFVfaXRyMV9zdjVzODhQdXBPTnpublNPWlRoRFJHRUtaMzR1anhyX0VRb21DaHg1bF9YbDdETlNINFNWRWRqenBmWmhhUmVB?oc=5) · Jersey Digs
- 2012-08-01 [Center Bancorp, Inc. Announces Completion of Acquisition of Saddle River Valley Bank - GlobeNewswire](https://news.google.com/rss/articles/CBMi7gFBVV95cUxPM1l2eUJsc1hvR1NqYlBZcEFUbE85bVU1RHFsN1UzeWJfOGtYYkR4bVlWUGd5V2gtanU1YzhPZGl6MlpmM2RtUlJaSm01V2FRazVybFBEMVFoZjdBVWFrVnBNY1VCT0ttdUNUSnNwVHBXMlRXZzJlQW4wV0pWLWpDYVZubWxobEQzNTlLemEzSTFWMnMyU1RGWDh6bTJULThwcnVMUHc5X0I4a2ZsVmtBQmc2cFFfMU1NbE5LWGk4VVJnYkZwNk5lR3dmTFFBeC1RMkpycGNlZTFDUmlyUVZ5U3RFQmlzMHFrZDBGRERR?oc=5) · GlobeNewswire
- 2021-10-08 [Barbara Figler Obituary (2014) - Stewartsville, NJ - Lehighvalleylive.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxNZ211cWw2OVUxZElqLVpHckVaX1RjY3o5YWgtTUN5VFFwdFdFQ0k0ODZQWXVIV3NNbTBmXzNRendyTlVRQWFtdzNBX0FwRFoxd2lTTnROS0RjdFFCVWwwc25YNl9qc0ZQVWY5Rlh1dE5jX2ZBV0swQ2xyc29rRTlGNkdKclN4bXZsdXJnMGFQdkRzUFBzNnRIRWxB?oc=5) · Lehighvalleylive.com
- 2026-08-12 [Edward B Filipski Obituary (2026) - Basking Ridge, NJ - Wm. A. Bradley & Son Funeral Home - Chatham - legacy.com](https://news.google.com/rss/articles/CBMihAFBVV95cUxNNHJWTDRIcnA4RWxDc0tjNXdOYzdKN2pGY0ZRR0hlSTV4dVlSbE00TUxDY1NvQ2V0Smh2UTltd2NVa3U0WUNVQWxHZlk1dlB6NDJ5UjJOVVFBYzNMRU5GazVTa0o0M1YyRHVkeHEwZ3dkZ2JxQk1pUlA2aXlUcm95UHBTLTg?oc=5) · legacy.com
- 2016-02-18 [Main Line bank appoints North Jersey real estate exec as new chairman - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxOVXQxMjJWRGp3b3JFLUxnRE45ZTZvRXNaNGs3alJJc08xdktsLVlGNHVsbVo0bzdnU05yT3FZSG5kSUMxdlN6Si1tX3BBZXFuY3Q4TGhERTFxbDBlRk5YZmJmNzBVVFZsdGV5bk9BSWNPYzdMQzFqeExlWWdzN0pzT2plamhsMFU4Z0QxUXFmaXVMekZuNl9MdzNJMHR3SDRUT0JqZVRMaw?oc=5) · The Business Journals
- 2025-06-21 [Eileen Torbick Obituary - Union, NJ - Dignity Memorial](https://news.google.com/rss/articles/CBMigAFBVV95cUxOUXZkSWxyakhxTGNhTGNYX2RPclBGLTFueW5Mdm0tek0weFVyMWZQcGFsVUNUcjVJOTR2SkpYVzFmaUxuSTJ1cmtXVEQ1MHBkWTZfZlBZV0ZlYlZRM3VqNXdtek0zR3B6dFF3dWZ1WWoxMWZDeWtIaXZ6VDRHMTZlaA?oc=5) · Dignity Memorial

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=6431 (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/31.json (key "6431", 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