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Overview / Commentary
107 Dodd Street
Middlebourne, WV 26149

Union Bank, Inc. is headquartered in Middlebourne and is the 27th largest bank in the state of West Virginia. It is also the 2,823rd largest bank in the nation. It was established in 1947 and as of March of 2014, it had grown to 68 employees at 8 locations. Union Bank, Inc. has a A health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Union Bank, Inc. had $274,000 in non-current loans and owned real-estate with $24.46 million in equity and loan loss allowances on hand to cover it. This gives Union Bank, Inc. a Texas Ratio of 1.12% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Union Bank, Inc. experienced no significant changes from 1.01% as of March 31, 2013 to 1.12% as of March 31, 2014, resulting in a negative change of 10.79%. This indicates that the balance sheet and financial strength for Union Bank, Inc. has had no significant changes in recent periods.

Deposit Growth


In the past year, Union Bank, Inc. has decreased its total deposits by $-603,000, resulting in -0.31% 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 Union Bank, Inc. has shown is 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. Union Bank, Inc. has $221.24 million in assets with $24.46 million in equity, resulting in a capitalization level of 11.06%, which is excellent.

Institution Statistics

FDIC Certificate #16620
Year Established1947
Primary RegulatorFDIC
Assets and Liabilities
Assets$221.24 million
Loans$79.89 million
Deposits$195.66 million
Equity Capital$23.46 million
Loan Loss Allowance$1.01 million
Unbacked Noncurrent Loans$234,000
Real Estate Owned$40,000
Historic Data - March 2013
Assets$223.12 million
Equity Capital$24.37 million
Loan Loss Allowance$957,000
Unbacked Noncurrent Loans$234,000
Real Estate Owned$56,000
Profit Margin - Quarterly
Net Interest Margin3.25%
Return on Assets1.11%
Return on Equity10.4%
Interest Income$1.83 million

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Union Bank, Inc. Savings Account Rates

0.10%--Christmas Club Account
0.07%$25-Regular Savings Account
0.07%$25-Statement Savings Account
0.07%$25-Student-Minor (under 21) Statement Savings

Union Bank, Inc. Money Market Rates

0.28%$100k-Business Money Market Deposit Account
0.22%$100k-Money Market Deposit Plus Account
0.10%$1k-Money Market Deposit Account

Union Bank, Inc. Checking Account Rates

0.03%$1k-NOW Account
0.03%$1k-Hometown Checking Account
0.03%--Hometown 50 Checking Account
0.03%$1k-Hometown Plus Checking Account
0.03%--Hometown 50 Plus Checking Account

Union Bank, Inc. CD Rates

0.80%$100k-42 Month Preferred CD
0.75%$100k-42 Month CD
0.75%$100k-36 Month Preferred CD
0.75%$100k-48 Month Preferred CD
0.75%$100k-60 Month Preferred CD
0.70%$100k-36 Month CD
0.70%$100k-48 Month CD
0.70%$100k-60 Month CD
0.65%$100k-29 Month Preferred CD
0.65%$100k-30 Month Preferred CD
0.60%$100k-29 Month CD
0.60%$100k-30 Month CD
0.55%$100k-18 Month Preferred CD
0.55%$100k-24 Month Preferred CD
0.50%$100k-18 Month CD
0.50%$100k-24 Month CD
0.40%$100k-12 Month Preferred CD
0.35%$100k-12 Month CD
0.25%$100k-6 Month Preferred CD
0.20%$100k-6 Month CD
0.20%$100k-7 Month Preferred CD
0.20%$100k-9 Month Preferred CD
0.20%$100k-15 Month Preferred CD
0.20%$100k-16 Month Preferred CD
0.15%$100k-7 Month CD
0.15%$100k-9 Month CD
0.15%$100k-15 Month CD
0.15%$100k-16 Month CD

Union Bank, Inc. IRA Rates

0.80%$100k-42 Month Preferred IRA
0.75%$100k-36 Month Preferred IRA
0.75%$100k-42 Month IRA
0.75%$100k-48 Month Preferred IRA
0.75%$100k-60 Month Preferred IRA
0.70%$100k-36 Month IRA
0.70%$100k-48 Month IRA
0.70%$100k-60 Month IRA
0.65%$100k-29 Month Preferred IRA
0.65%$100k-30 Month Preferred IRA
0.60%$100k-29 Month IRA
0.60%$50k-30 Month IRA
0.55%$100k-24 Month Preferred IRA
0.50%$100k-18 Month IRA
0.50%$50k-18 Month Preferred IRA
0.50%$100k-24 Month IRA
0.40%$100k-12 Month Preferred IRA
0.35%$100k-12 Month IRA
0.25%$100k-6 Month Preferred IRA
0.20%$100k-6 Month IRA
0.20%$100k-7 Month Preferred IRA
0.20%$100k-15 Month Preferred IRA
0.15%$100k-7 Month IRA
0.15%$100k-9 Month IRA
0.15%$100k-9 Month Preferred IRA
0.15%$100k-15 Month IRA
0.15%$100k-16 Month IRA
0.15%$50k-16 Month Preferred IRA

Union Bank, Inc. Locations
Union Bank, Inc.107 Dodd StreetMiddlebourne, WV 26149
1500 West Main Street Branch1500 East Main StreetHarrisville, WV 26362
Pennsboro Branch214 Masonic AvenuePennsboro, WV 26415
St Marys Branch401 Second StreetSt. Marys, WV 26170
Sistersville Branch700 Wells StreetSistersville, WV 26175
Ellenboro Branch90 Main StreetEllenboro, WV 26346
Cairo BranchMain and Hill StreetsCairo, WV 26337
Hundred Office BranchSt Rt 250Hundred, WV 26575