Union Federal Savings Bank

Union Federal Savings Bank is headquartered in North Providence and is the 11^st largest bank in the state of Rhode Island. It is also the 4,195^th largest bank in the nation. It was established in 2001 and as of March of 2012, it had grown to 11 employees at 1 location. Union Federal Savings Bank 's money market rates are 2X the national average, and it boasts a 5-star health rating.

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Data for Q1 2012

Institution Statistics Union Federal Savings Bank OTS # 17338 FDIC Certificate # 57189 BankRate Report View Year Established 2001 Employees 11 Primary Regulator OCC Assets and Liabilities Assets $132.42 million Loans $39.55 million Deposits $115.43 million Equity Capital $16.01 million Loan Loss Allowance $929,000 Unbacked Noncurrent Loans $1.24 million Historic Data - March 2011 Assets $70.90 million Equity Capital $12.48 million Loan Loss Allowance $318,000 Unbacked Noncurrent Loans $953,000 Real Estate Owned $90,000 Profit Margin - Quarterly Net Interest Margin 1.92% Return on Assets 0.42% Return on Equity 3.45% Interest Income $768,000

Institution Health Overall Score: 5 out of 5 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 March 31, 2012 Union Federal Savings Bank had $1.24 million in non-current loans and owned real-estate with $16.94 million in equity and loan loss allowances on hand to cover it. This gives Union Federal Savings Bank a Texas Ratio of 7.33% 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 Federal Savings Bank held steady from 8.15% as of March 31, 2011 to 7.33% as of March 31, 2012, resulting in a positive change of 10.13%.This indicates that the balance sheet and financial strength for Union Federal Savings Bank has held steady in recent periods. Deposit Growth In the past year, Union Federal Savings Bank has increased its total deposits by $57.84 million, resulting in 100.45% 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 Federal Savings Bank has shown is excellent. Capitalization 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 Federal Savings Bank has $132.42 million in assets with $16.94 million in equity, resulting in a capitalization level of 12.79%, which is excellent.

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