Union Bank (Morrisville, VT): Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Union Bank operates with a thinner capital cushion than most banks of its size. The Morrisville, Vermont bank had $1.6 billion in assets at June 30, 2026, up 5.3% from a year earlier. It funds 7.82% of its assets with Tier 1 capital, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 10.52%). It also carries problem assets equal to 13.5% of the capital and reserves that would absorb them, 3.8 times the median of 3.6% for banks its size.
Delinquency has appeared in its $272 million non-owner-occupied commercial real estate book: 6.17% of those loans are past due or on nonaccrual, against almost none a year earlier. Paper losses on its bond portfolio are shrinking: unrealized losses of $35 million equal 27% of Tier 1 capital, down from 35% a year earlier. Costs are the weak spot: it spends about 74 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 58 cents).
As of June 30, 2026, Union Bank reported a CET1 capital ratio of 12.81%, a return on assets of 0.76%, a nonperforming-loan ratio of 1.35% and a Texas ratio of 13.52%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 20 Main St, Morrisville, VT 05661
- County
- Lamoille
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- No
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- January 1, 1891
- Former names
- The Union Bank (1974-1983); The Union Savings Bank and Trust Company (1970-1974); Union Savings Bank and Trust Company of Morrisville, Vermont (1964-1970)
- Offices
- 21 domestic
- Employees (FTE)
- 190
- Domestic deposits
- $1.10B
- Allowance for credit losses
- $8.4M
- Net charge-offs (YTD)
- -$8K
- Average total assets
- $1.68B
- Average total loans
- $1.20B
- Average interest-bearing deposits
- $999.6M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- March 31, 1934
- FDIC Cert
- 14158
- Fed RSSD
- 333203
- SEC CIK
- 706863 → filed by UNION BANKSHARES, INC.
- Website
- www.ublocal.com →
- Parent Holding Company
- UNION BANKSHARES, INC. (RSSD 1114940) · UNB
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Silverman David Scott | CEO | President & CEO |
| Van Dyke Cornelius John | CHR | Chairman |
| Jeffrey F Weidley | PRES | President |
| Karyn J Hale | CFO | Chief Financial Officer |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD. The UBPR's YTD ROA divides by the average of the quarterly average assets the bank reports on Schedule RC-K, while FDIC BankFind divides by the average of quarter-end total assets, so FDIC's ROA can differ from the YTD figure by a few hundredths of a point.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Union Bank terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Union Bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Union Bank rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.81% | 0.76% | 1.35% | 13.52% | 3.03% |
| Q1 2026 | 12.03% | 0.78% | 1.13% | 13.04% | 2.99% |
| Q4 2025 | 11.87% | 0.72% | 1.17% | 13.37% | 2.98% |
| Q3 2025 | 11.98% | 0.92% | 1.14% | 13.25% | 3.09% |
| Q2 2025 | 11.69% | 0.66% | 1.37% | 16.48% | 2.92% |
| Q1 2025 | 11.66% | 0.69% | 1.28% | 16.37% | 2.88% |
| Q4 2024 | 11.62% | 0.82% | 0.16% | 2.15% | 2.94% |
| Q3 2024 | 11.85% | 0.40% | 0.17% | 2.03% | 2.75% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 18 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Union Bank (main office) | Morrisville , VT | 05661 | $227.8M |
| Stowe Branch | Stowe , VT | 05672 | $115.4M |
| Northgate Plaza Branch | Morrisville , VT | 05661 | $109.3M |
| Portland Street Branch | Saint Johnsbury , VT | 05819 | $85.3M |
| Jeffersonville Branch | Jeffersonville , VT | 05464 | $75.8M |
| Hardwick Branch | Hardwick , VT | 05843 | $61.3M |
| Lincoln Nh Branch | Lincoln , NH | 03251 | $60.5M |
| Lyndonville Branch | Lyndonville , VT | 05851 | $56.6M |
| Fairfax Branch | Fairfax , VT | 05454 | $54.3M |
| Littleton Nh Branch | Littleton , NH | 03561 | $49.8M |
| Saint Albans Branch | Saint Albans , VT | 05478 | $41.5M |
| Jericho Branch | Jericho , VT | 05465 | $32.6M |
| Williston Branch | Williston , VT | 05495 | $30.1M |
| Littleton Branch | Littleton , NH | 03561 | $25.6M |
| Berlin Branch | Berlin , VT | 05641 | $24.7M |
| Groveton Branch | Groveton , NH | 03582 | $24.1M |
| North Conway Branch | North Conway , NH | 03860 | $14.5M |
| Shelburne Branch Office | Shelburne , VT | 05482 | $10.9M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| May 17, 2003 | Structure Change | Acquired Citizens Savings Bank and Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 16, 2003 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
What the public regulatory sources show for Union Bank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 4.9% of deposits in VT, rank 9 of 25 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 842 applications, 700 loans originated, $210.3M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 3 loans, $235K approved, $78K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Union Bank
What are Union Bank's total assets?
As of the Q2 2026 filing, Union Bank reported total assets of $1.56 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Union Bank headquartered?
Union Bank is headquartered in Morrisville, VT, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was Union Bank founded?
Union Bank was established in 1891, per the FDIC institution directory.
Is Union Bank FDIC-insured?
Yes. Union Bank is an FDIC-insured commercial bank (FDIC Certificate #14158). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Union Bank?
Union Bank's primary federal regulator is the FDIC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Union Bank's CET1 capital ratio?
Union Bank reported a Common Equity Tier 1 (CET1) capital ratio of 12.81% in its Q2 2026 call report, above regulatory requirements.
How many branches does Union Bank operate?
Union Bank operates 21 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Union Bank's Texas Ratio?
Union Bank's Texas Ratio is 13.52% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was Union Bank previously called?
The charter now named Union Bank has also operated as The Union Bank (1974-1983), The Union Savings Bank and Trust Company (1970-1974), Union Savings Bank and Trust Company of Morrisville, Vermont (1964-1970), per FDIC structure-change records.
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