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Overview / Commentary
340 West Main Street
Abingdon, VA 24210

Highlands Union Bank is headquartered in Abingdon and is the 36th largest bank in the state of Virginia. It is also the 1,106th largest bank in the nation. It was established in 1985 and as of December of 2013, it had grown to 213 employees at 14 locations. Highlands Union Bank has a C+ health rating.

Reviews (1)

Highlands Union Bank Review

My family has banked at this bank for years. I personally have both a savings and a checking/atm debit account with them. I have visited several different branches over the years. The service is always very friendly and welcoming. Once starting college, I found two aspects that I thought could improve. The online banking system offered by this bank seems to be a little out dated. I move money in and out of my account very quickly. I do not enjoy having to go to the website, log in 3 times to see, that my account does not show the transactions I have made within the past 24-48 hours, possibly longer over the weekend. I just feel the online banking website should be updated more regularly and that it should be more convenient way of accessing it. The other negative, was that this bank only has 14 locations so just make sure your financial business is done before traveling.


Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Highlands Union Bank had $18.82 million in non-current loans and owned real-estate with $47.32 million in equity and loan loss allowances on hand to cover it. This gives Highlands Union Bank a Texas Ratio of 39.78% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Highlands Union Bank decreased dramatically from 60.88% as of December 31, 2012 to 39.78% as of December 31, 2013, resulting in a positive change of 34.66%.This indicates that the balance sheet and financial strength for Highlands Union Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Highlands Union Bank has increased its total deposits by $3.02 million, resulting in 0.62% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Highlands Union Bank has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Highlands Union Bank has $598.77 million in assets with $47.32 million in equity, resulting in a capitalization level of 7.90%, which is below average.

Institution Statistics

FDIC Certificate #26191
Year Established1985
Primary RegulatorFED
Assets and Liabilities
Assets$598.77 million
Loans$396.96 million
Deposits$489.22 million
Equity Capital$40.49 million
Loan Loss Allowance$6.83 million
Unbacked Noncurrent Loans$10.99 million
Real Estate Owned$7.83 million
Historic Data - December 2012
Assets$592.53 million
Equity Capital$37.21 million
Loan Loss Allowance$7.45 million
Unbacked Noncurrent Loans$10.99 million
Real Estate Owned$16.64 million
Profit Margin - Quarterly
Net Interest Margin3.41%
Return on Assets0.38%
Return on Equity5.79%
Interest Income$23.18 million
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Highlands Union Bank CD Rates

0.95%$500-60 Month CD
0.90%$500-48 Month CD
0.75%$500-36 Month CD
0.55%$500-24 Month CD
0.30%$500-12 Month CD
0.25%$500-6 Month CD

Highlands Union Bank IRA Rates

0.95%$500-60 Month IRA
0.90%$500-48 Month IRA
0.75%$500-36 Month IRA
0.55%$500-24 Month IRA
0.30%$500-12 Month IRA
0.25%$500-6 Month IRA

Highlands Union Bank has 14 locations. Click to view all Highlands Union Bank locations.