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Overview / Commentary
900 E. Paris Ave. SE
Grand Rapids, MI 49546

United Bank (MI) is headquartered in Grand Rapids and is the 24th largest bank in the state of Michigan. It is also the 1,422nd largest bank in the nation. It was established in 1903 and as of December of 2013, it had grown to 130 employees at 11 locations. United Bank (MI)'s savings rates are 7X the national average, and it has a B health rating.

Reviews (3)

Final Results

I feel that the United Bank of Michigan met my expectations with respect to the Health Savings Account thus far. The interest rate they provide seems unbeatable to me, and the account was able to opened up without any problems. I used it already to pay a dental bill.

Update To The Review From The Day Before

I wrote a review yesterday based on information from one staff person. A different person who seems to have more authority on the HSA process told me today that opening up an HSA can be done via a combination of email and regular mail. So I'm in the process of hopefully having my application approved so that I can take advantage of the 3.25% rate. I hope the rate is accurate.

Opening An HSA Account

I was told 8.22.2013 that you can't get the HSA account unless you open up the account personally at a branch office, or if you do it online you have to have a zipcode for a location in the Grand Rapids area.


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 United Bank (MI) had $7.75 million in non-current loans and owned real-estate with $52.7 million in equity and loan loss allowances on hand to cover it. This gives United Bank (MI) a Texas Ratio of 14.70% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for United Bank (MI) experienced no significant changes from 14.30% as of December 31, 2012 to 14.70% as of December 31, 2013, resulting in a negative change of 2.82%. This indicates that the balance sheet and financial strength for United Bank (MI) has had no significant changes in recent periods.

Deposit Growth


In the past year, United Bank (MI) has decreased its total deposits by -$4.6 million, resulting in -1.21% 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 United Bank (MI) 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. United Bank (MI) has $468.41 million in assets with $52.7 million in equity, resulting in a capitalization level of 11.25%, which is excellent.

Institution Statistics

FDIC Certificate #11807
Year Established1903
Primary RegulatorFDIC
Assets and Liabilities
Assets$468.41 million
Loans$386.40 million
Deposits$374.98 million
Equity Capital$47.81 million
Loan Loss Allowance$4.89 million
Unbacked Noncurrent Loans$2.43 million
Real Estate Owned$5.31 million
Historic Data - December 2012
Assets$465.07 million
Equity Capital$44.86 million
Loan Loss Allowance$5.55 million
Unbacked Noncurrent Loans$2.43 million
Real Estate Owned$5.63 million
Profit Margin - Quarterly
Net Interest Margin4.7%
Return on Assets0.9%
Return on Equity9.06%
Interest Income$22.40 million
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United Bank (MI) Savings Account Rates

3.50%$25k-Individual Health Savings Account
3.50%$25k-Family Health Savings Account
0.25%$50k-Personal High Yield Savings
0.10%--Statement Savings

United Bank (MI) Checking Account Rates


United Bank (MI) has 11 locations. Click to view all United Bank (MI) locations.