Union Bank (Morrisville, VT)
BankRegReports is independent of Union Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Union Bank is an FDIC-insured commercial bank headquartered in Morrisville, VT, established in 1891 (FDIC certificate 14158), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.56B, up 5.3% from Q2 2025, the 2nd largest of 12 banks headquartered in Vermont. Its CET1 capital ratio was 12.81% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 14158
- Headquarters
- Morrisville, VT
- Established
- 1891
- Total assets, Q2 2026
- $1.56B
- Assets vs Q2 2025
- +5.3%
- CET1 ratio, Q2 2026
- 12.81%
- Domestic offices
- 21 FDIC institution directory, current count
- Routing number
- 011601100
- Holding company
- UNION BANKSHARES, INC.
- Asset rank in state
- 2nd of 12 in Vermont
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. Concentration is the risk to watch: it holds commercial real estate loans worth 3.4 times its capital, higher than about three-quarters of banks its size (median 2.2 times).
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%. The figures come from its call report filed with the FFIEC.
Of the 12 banks headquartered in Vermont, Union Bank is the 2nd largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 4.1% to $1.56B, loans fell 5.0% and deposits fell 8.7%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 44.0% of total loans, ahead of non-owner-occupied commercial real estate loans at 24.2%. Its 18 offices in the FDIC Summary of Deposits are in 16 cities across 2 states; its Morrisville 2 offices book 31% of its branch deposits. By the capital ratios in its Q2 2026 call report, Union Bank meets every capital ratio test for well capitalized.
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)
- Domestic offices
- 21 FDIC institution directory, current count
- 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
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Union Bank's total assets moved between a low of $1.40B (Q3 2023) and a high of $1.62B (Q1 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.56B total assets against $1.48B; $1.45B total liabilities against $1.39B.
$1.12B net loans and leases against $1.11B; $1.10B total deposits against $1.11B.
$307.8M securities against $242.3M; $39.0M cash and balances due against $36.3M.
$20.1M total interest income against $18.7M; $8.3M total interest expense against $8.1M.
$11.8M net interest income against $10.6M.
$3.1M total noninterest income against $2.6M; $11.3M total noninterest expense against $10.3M.
$175K provision for credit losses against $221K.
$3.2M net income against $2.6M.
0.76% return on assets against 0.66%; 3.03% net interest margin against 2.92%.
12.81% CET1 capital ratio against 11.69%; 7.82% tier 1 leverage ratio against 7.30%.
Inside the full Union Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this 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
Its closest position to the top of a national ranking is 380 of 3,640, for Texas Ratio; its furthest is 2,995 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.40% (Q3 2024) to 0.92% (Q3 2025) and its net interest margin ran from 2.75% (Q3 2024) to 3.09% (Q3 2025).
| 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
View all 18 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| 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
Facts as filed or published, not a rating.
- Deposit market share
- 4.9% of deposits in VT, rank 9 of 24 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).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
Add this badge to your website
Free to use. It shows Union Bank’s latest filed figures and updates each quarter.
Similar banks
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.
Where is Union Bank headquartered?
It is headquartered in Morrisville, VT, United States.
When was Union Bank founded?
It was established in 1891, per the FDIC institution directory.
Is Union Bank FDIC-insured?
Yes. It 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.
What is Union Bank's CET1 capital ratio?
It 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?
It 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?
Its Texas Ratio is 13.52% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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.
Go deeper on Union Bank.
Get an email when Union Bank files its next call report, and benchmark it against any peer you choose.
Unlock Union Bank, freeFree account