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  2. Union Bank (MI)

Union Bank (MI)


Overview / Commentary
www.ubmich.com
616-374-3278
670 Cascade W Parkway SE
Grand Rapids, MI 49546

Union Bank (MI) is headquartered in GRAND RAPIDS and is the 46th largest bank in the state of Michigan. It is also the 2,246th largest bank in the nation. It was established in 1934 and as of June of 2024, it had grown to 92 employees at 9 locations. Union Bank (MI) has a B+ health rating.

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Health
B+

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #14722
Year Established1934
Employees92
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.45%
Return on Equity - YTD5.87%
Annual Interest Income$8.6MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$352.6MM$326.2MM
LoansQ2 2024vs Q2 2023$264.4MM$222MM
DepositsQ2 2024vs Q2 2023$287.1MM$279.6MM
Equity CapitalQ2 2024vs Q2 2023$26.8MM$23.8MM
Loan Loss AllowanceQ2 2024vs Q2 2023$3.3MM$3.7MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$1.9MM$810K
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates

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Locations


Union Bank (MI) Locations
Dimondale Branch127 East RdDimondale, MI 48821
Westphalia Branch202 East Main StreetWestphalia, MI 48894
Mulliken Branch233 West Grand Ledge HighwayMulliken, MI 48861
Hastings Branch529 West State StreetHastings, MI 49058
Union Bank933 4th AveLake Odessa, MI 48849
Drive-In Branch1150 Jordan Lake StreetLake Odessa, MI 48849
Ada Branch523 Ada Drive, S.E.Ada, MI 49301

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