Union Federal Savings Bank

Union Federal Savings Bank is headquartered in North Providence and is the 12^st largest bank in the state of Rhode Island. It is also the 5,514^st largest bank in the nation. It was established in 2001 and as of September of 2011, it had grown to 10 employees at 1 location. Union Federal Savings Bank 's money market rates are 93% higher than the national average, and it has a 4-star health rating.

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Data for Q3 2011

Institution Statistics Union Federal Savings Bank OTS # 17338 FDIC Certificate # 57189 BankRate Report View Year Established 2001 Employees 10 Primary Regulator OCC Assets and Liabilities Assets $79.84 million Loans $14.05 million Deposits $67.59 million Equity Capital $11.36 million Loan Loss Allowance $382,000 Unbacked Noncurrent Loans $296,000 Historic Data - September 2010 Assets $124.81 million Equity Capital $43.88 million Loan Loss Allowance $214,000 Unbacked Noncurrent Loans $861,000 Real Estate Owned $162,000 Profit Margin - Quarterly Net Interest Margin 0.22% Return on Assets -2.93% Return on Equity -17.42% Interest Income $535,000

Institution Health Overall Score: 4 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 September 30, 2011 Union Federal Savings Bank had $296,000 in non-current loans and owned real-estate with $11.74 million in equity and loan loss allowances on hand to cover it. This gives Union Federal Savings Bank a Texas Ratio of 2.52% 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 2.32% as of September 30, 2010 to 2.52% as of September 30, 2011, resulting in a negative change of 8.62%. 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 decreased its total deposits by -$12.54 million, resulting in -15.65% 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 poor. 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 $79.84 million in assets with $11.74 million in equity, resulting in a capitalization level of 14.71%, which is excellent.

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