Grand Rapids, MI · Cert 11807 · United Bank Financial Corp.
State charter, non-member · FDIC · 13 branches
Q2 2026
Market Position · Grand Rapids-Wyoming-Kentwood, MI · 2026 SOD (annual) · 1.4% share · #12 of 28 inst. · $0.5B of $34.4B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.83% | 0.84% | 0.99% | 1.02% | 1.10% | 1.13% | 1.15% | 1.29% | +27 bps | |
| Return on Equity | 8.76% | 8.83% | 10.39% | 10.63% | 11.42% | 11.67% | 11.66% | 12.78% | +214 bps | |
| Net Interest Margin | 2.99% | 3.04% | 3.12% | 3.24% | 3.24% | 3.29% | 3.39% | 3.57% | +33 bps | |
| Efficiency Ratio | 71.69% | 71.48% | 66.51% | 65.77% | 63.97% | 64.05% | 64.09% | 62.37% | -340 bps | |
| Non-Interest Burden | 1.93% | 1.96% | 1.85% | 1.88% | 1.80% | 1.83% | 1.92% | 1.94% | +6 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 5.90% | 5.38% | 4.84% | 4.27% | 7.44% | 8.44% | 3.00% | 2.26% | -202 bps | |
| Loan Growth (YoY) | 9.01% | 5.28% | 4.60% | 2.48% | 4.91% | 4.10% | 2.90% | 5.61% | +312 bps | |
| Deposit Growth (YoY) | 4.86% | 5.58% | 7.38% | 4.16% | 7.47% | 9.92% | 4.19% | 3.36% | -80 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.02% | 0.26% | 0.13% | 0.05% | 0.15% | 0.11% | 0.07% | 0.06% | +1 bps | |
| Net Charge-Offs / Loans | 0.03% | 0.02% | 0.29% | 0.14% | 0.09% | 0.05% | 0.00% | 0.00% | -14 bps | |
| Allowance / Loans | 1.05% | 1.07% | 1.02% | 1.01% | 1.04% | 1.08% | 1.06% | 1.06% | +5 bps | |
| Allowance Coverage of NPLs | 46.7x | 4.1x | 7.7x | 21.6x | 6.9x | 9.5x | 15.9x | 17.2x | -4.4x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.82% | 10.02% | 9.72% | 9.96% | 9.91% | 10.01% | 10.17% | 10.61% | +65 bps | |
| Total Risk-Based Capital | 9.82% | 10.02% | 9.72% | 9.96% | 9.91% | 10.01% | 10.17% | 10.61% | +65 bps | |
| Equity / Assets | 9.64% | 9.73% | 9.34% | 9.71% | 9.73% | 9.86% | 9.91% | 10.41% | +70 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 98.66% | 98.90% | 91.37% | 94.76% | 96.32% | 93.66% | 90.24% | 96.82% | +206 bps | |
| Liquid Assets / Assets | 5.23% | 4.15% | 9.71% | 7.44% | 5.93% | 6.23% | 8.24% | 4.28% | -317 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 593% | 574% | 568% | n/a | n/a | |