Union Bank (Grand Rapids, MI)
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Data as of · sourced from FFIEC call reports. How we update
Union Bank is an FDIC-insured commercial bank headquartered in Grand Rapids, MI, established in 1934 (FDIC certificate 14722), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $396.7M, up 4.0% from Q2 2025, the 43rd largest of 72 banks headquartered in Michigan. Its CET1 capital ratio was 9.77% at Q2 2026, above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 14722
- Headquarters
- Grand Rapids, MI
- Established
- 1934
- Total assets, Q2 2026
- $396.7M
- Assets vs Q2 2025
- +4.0%
- CET1 ratio, Q2 2026
- 9.77%
- Domestic offices
- 9 FDIC institution directory, current count
- Routing number
- 072404320
- Holding company
- UNION FINANCIAL CORPORATION
- Asset rank in state
- 43rd of 72 in Michigan
Union Bank operates with a thinner capital cushion than most banks of its size. It reported $397 million in assets at June 30, 2026, up 4.0% from a year earlier. It holds common equity equal to 9.77% of its risk-weighted assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 15.12%). It also holds commercial real estate loans worth 3.1 times its capital, 2.6 times the median of 1.2 times for banks its size.
Earnings jumped: net income for the quarter was $1.2 million, 86% above the same quarter a year earlier. Problem loans roughly halved over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 1.07% of loans from 2.03%. Credit is the area to watch: it carries problem assets equal to 9.4% of the capital and reserves that would absorb them, 3.5 times the median of 2.6% for banks its size.
As of June 30, 2026, Union Bank reported a CET1 capital ratio of 9.77%, a return on assets of 1.30%, a nonperforming-loan ratio of 1.07% and a Texas ratio of 9.37%. The figures come from its call report filed with the FFIEC.
Union Bank ranks as the 43rd largest of the 72 banks based in Michigan, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 4.1% to $396.7M, loans rose 1.4% and deposits rose 3.0%. The largest part of its loan book on June 30, 2026 was non-owner-occupied commercial real estate loans, at 27.5% of total loans, ahead of owner-occupied commercial real estate loans at 22.4%. The FDIC Summary of Deposits lists 8 offices for it, in 7 cities in MI; its Lake Odessa office books 37% 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
- 670 Cascade West Pkwy Se, Grand Rapids, MI 49546
- County
- Kent
- Metro Area
- Grand Rapids-Wyoming-Kentwood, MI
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1934
- Domestic offices
- 9 FDIC institution directory, current count
- Employees (FTE)
- 82
- Domestic deposits
- $313.5M
- Allowance for credit losses
- $4.1M
- Net charge-offs (YTD)
- -$3K
- Average total assets
- $383.0M
- Average total loans
- $317.9M
- Average interest-bearing deposits
- $220.4M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- September 4, 1934
- FDIC Cert
- 14722
- Fed RSSD
- 390840
- SEC CIK
- 1806567 → filed by UNION FINANCIAL CORPORATION
- Website
- www.ubmich.com →
- Parent Holding Company
- UNION FINANCIAL CORPORATION (RSSD 1250204)
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
From Q3 2023 to Q2 2026, Union Bank's total assets ranged from $334.4M (Q3 2023) to $396.7M (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
$396.7M total assets against $381.5M; $363.3M total liabilities against $351.7M.
$315.3M net loans and leases against $293.5M; $313.5M total deposits against $299.7M.
$31.8M securities against $42.0M; $23.8M cash and balances due against $19.8M.
$5.4M total interest income against $4.9M; $1.6M total interest expense against $1.5M.
$3.9M net interest income against $3.4M.
$1.0M total noninterest income against $1.1M; $3.6M total noninterest expense against $3.7M.
-$216K provision for credit losses against -$22K.
$1.2M net income against $666K.
1.30% return on assets against 0.72%; 4.37% net interest margin against 3.99%.
9.77% CET1 capital ratio against 9.29%; 8.83% tier 1 leverage ratio against 8.48%.
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 695 of 3,640, for Texas Ratio; its furthest is 2,114 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.24% (Q1 2026) to 1.30% (Q2 2026) and its net interest margin ran from 3.62% (Q4 2024) to 4.37% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.77% | 1.30% | 1.07% | 9.37% | 4.37% |
| Q1 2026 | 9.53% | 0.24% | 1.09% | 9.69% | 4.27% |
| Q4 2025 | 9.56% | 0.64% | 1.13% | 10.00% | 4.16% |
| Q3 2025 | 9.63% | 0.82% | 1.70% | 15.32% | 3.94% |
| Q2 2025 | 9.29% | 0.72% | 2.03% | 18.71% | 3.99% |
| Q1 2025 | 9.69% | 0.37% | 1.91% | 17.12% | 3.86% |
| Q4 2024 | 9.57% | 0.36% | 2.10% | 19.14% | 3.62% |
| Q3 2024 | 9.68% | 0.25% | 1.56% | 14.08% | 3.69% |
Swipe the table sideways to see every column.
Branch Network
View all 8 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 |
|---|---|---|---|
| Lake Odessa Branch | Lake Odessa , MI | 48849 | $116.0M |
| Westphalia Branch | Westphalia , MI | 48894 | $64.4M |
| Dimondale Branch | Dimondale , MI | 48821 | $40.5M |
| Hastings Branch | Hastings , MI | 49058 | $31.3M |
| Union Bank (main office) | Grand Rapids , MI | 49546 | $26.8M |
| Mulliken Branch | Mulliken , MI | 48861 | $20.6M |
| Ada Branch | Ada , MI | 49301 | $13.9M |
| The Cascade Branch | Grand Rapids , MI | 49546 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in MI, rank 60 of 95 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 71 applications, 44 loans originated, $13.0M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $144K approved, $72K 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
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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 $396.7 million in its FFIEC call report.
Where is Union Bank headquartered?
It is headquartered in Grand Rapids, MI, United States.
When was Union Bank founded?
It was established in 1934, per the FDIC institution directory.
Is Union Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #14722). 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 9.77% in its Q2 2026 call report, above the 7% level required once the capital conservation buffer is included.
How many branches does Union Bank operate?
It operates 9 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 9.37% 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.
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