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Union Bank Company, The

Columbus Grove, OH · Cert 12969 · United Bancshares Inc.

State charter, non-member · FDIC · 15 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating in a single state3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets operating in a single state (n=257 to 258). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

68

Q2 2024Q2 2026peer median (50)

Asset Quality

74

Q2 2024Q2 2026peer median (50)

Profitability

29

Q2 2024Q2 2026peer median (50)

Liquidity

38

Q2 2024Q2 2026peer median

Efficiency

49

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Union Bank Company, The

Columbus Grove, OH · Cert 12969 · United Bancshares Inc.

State charter, non-member · FDIC · 15 branches

Q2 2026

$1.4BAssets
$863.5MLoans
$1.2BDeposits
$151.4MEquity
Loan mix
87%RE $725.5M8%C&I $67.1M5%Consumer $45.9MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $992.5M17%Noninterest $199.2MQ2 2025Q2 2026

NIM

4.31%Q2 ’244.63%Q2 ’254.69%Q2 ’26+19%+7%

Non-interest income vs. expense

2.78%Q2 ’242.62%Q2 ’252.45%Q2 ’26+1%-7%

Market Position · Lima, OH · 2026 SOD (annual) · 10.5% share · #5 of 11 inst. · $0.3B of $2.5B

35.1% Putnam
10.5% Allen
1.8% Delaware
3.8% Wood

Executive Summary

  • Earnings: ROA of 0.92%, down 11 bps year over year; NIM at 3.53%.
  • Asset quality: problem loans at 0.12% of loans (-21 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 10.78%, up 115 bps from a year ago.
  • Funding: loans stand at 72.46% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.92%-11 bps YoY

Net Interest Margin (YTD, annualized)

3.53%+23 bps YoY

Efficiency Ratio (YTD, annualized)

60.66%-772 bps YoY

Tier 1 Leverage Ratio

10.78%+115 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.03%1.02%1.05%1.29%0.92%-11 bps
Return on Equity11.20%10.92%10.89%12.76%8.93%-226 bps
Net Interest Margin3.30%3.36%3.41%3.71%3.53%+23 bps
Efficiency Ratio68.38%69.02%69.24%63.73%60.66%-772 bps
Non-Interest Burden2.02%2.08%2.13%2.05%1.88%-14 bps
Growth
Asset Growth (YoY)4.68%-2.57%0.37%1.48%20.80%+1,612 bps
Loan Growth (YoY)9.48%11.44%7.58%8.70%9.40%-8 bps
Deposit Growth (YoY)4.51%-3.46%-1.32%0.93%10.66%+615 bps
Asset Quality
Nonperforming Loans / Loans0.32%0.30%0.20%0.15%0.12%-21 bps
Net Charge-Offs / Loans-0.06%-0.04%-0.03%0.04%0.02%+8 bps
Allowance / Loans1.07%1.06%1.05%1.04%1.04%-3 bps
Allowance Coverage of NPLs3.3x3.5x5.3x7.0x8.8x+5.5x
Capital
Tier 1 Leverage Ratio9.63%9.98%9.98%9.73%10.78%+115 bps
Total Risk-Based Capital16.69%16.88%16.62%15.66%16.12%-56 bps
Equity / Assets9.41%10.02%10.50%9.77%10.49%+108 bps
Liquidity & Funding
Loans / Deposits73.30%75.28%78.02%78.52%72.46%-83 bps
Liquid Assets / Assets6.12%5.21%2.92%2.97%3.04%-308 bps
CRE / Total Capitaln/a335%335%362%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Union Bank Company, The

Columbus Grove, OH · Cert 12969 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · United Bancshares Inc.

State charter, non-member · FDIC · 15 branches

Q2 2026

$1.4BAssets
$863.5MLoans
$1.2BDeposits
$151.4MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 84% of banks $1B-$10B in assets operating in a single state (rank 42 of 258).
  • Widest gap: return on equity trails 84% of banks $1B-$10B in assets operating in a single state (rank 216 of 258).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

0.81%

Rank 212 of 258

Net Interest Margin

3.53%

Rank 119 of 258

Efficiency Ratio

60.72%

Rank 133 of 257

Equity / Assets

10.49%

Rank 118 of 258

Non-interest income vs. expense

$7.8M$33.4MINCOMEEXPENSE
Unfavorable gap of $25.7M · efficiency ratio beats 49% of banks $1B-$10B in assets operating in a single state
Bank 60.72%Peer median 60.3%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.81%0.93%1.23%1.54%Beats 18%212 / 258
Return on Equity7.76%9.26%11.84%14.74%Beats 16%216 / 258
Net Interest Margin3.53%3.16%3.49%3.88%Beats 54%119 / 258
Efficiency Ratio60.72%51.71%60.30%69.65%Beats 49%133 / 257
Asset Quality
Nonperforming Loans / Loans0.12%0.19%0.46%0.90%Beats 84%42 / 258
Net Charge-Offs / Loans0.01%0.01%0.02%0.07%Beats 63%98 / 258
Capital
Tier 1 Capital Ratio15.13%11.41%12.98%15.12%Beats 76%63 / 258
Total Risk-Based Capital Ratio16.12%12.10%13.91%16.08%Beats 75%64 / 258
Equity / Assets10.49%9.09%10.24%11.72%Beats 54%118 / 258
Liquidity & Funding
Loans / Deposits72.46%73.24%86.34%95.95%23rd pctl199 / 258
Loans / Assets59.80%63.01%72.27%78.40%20th pctl207 / 258
Brokered Deposits / Depositsn/aNot reported for this institution