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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

$1.4BAssets
$863.5MLoans
$1.2BDeposits
$151.4MEquity
Loan mix
87%RE $725.5M8%C&I $67.1M5%Consumer $45.9MQ3 2024Q2 2026
Deposit mix
83%Interest-bearing $992.5M17%Noninterest $199.2MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.77%0.85%0.97%1.03%1.02%1.05%1.29%0.92%-11 bps
Return on Equity8.06%9.05%10.71%11.20%10.92%10.89%12.76%8.93%-226 bps
Net Interest Margin2.64%2.71%3.27%3.30%3.36%3.41%3.71%3.53%+23 bps
Efficiency Ratio78.12%76.40%69.85%68.38%69.02%69.24%63.73%60.66%-772 bps
Non-Interest Burden1.87%1.88%2.04%2.02%2.08%2.13%2.05%1.88%-14 bps
Growth
Asset Growth (YoY)14.19%10.98%12.62%4.68%-2.57%0.37%1.48%20.80%+1,612 bps
Loan Growth (YoY)2.74%8.21%11.31%9.48%11.44%7.58%8.70%9.40%-8 bps
Deposit Growth (YoY)13.29%12.46%13.44%4.51%-3.46%-1.32%0.93%10.66%+615 bps
Asset Quality
Nonperforming Loans / Loans0.31%0.29%0.28%0.32%0.30%0.20%0.15%0.12%-21 bps
Net Charge-Offs / Loans0.00%0.00%-0.13%-0.06%-0.04%-0.03%0.04%0.02%+8 bps
Allowance / Loans1.15%1.03%1.05%1.07%1.06%1.05%1.04%1.04%-3 bps
Allowance Coverage of NPLs3.8x3.6x3.7x3.3x3.5x5.3x7.0x8.8x+5.5x
Capital
Tier 1 Leverage Ratio9.17%9.07%9.52%9.63%9.98%9.98%9.73%10.78%+115 bps
Total Risk-Based Capital17.22%16.51%16.60%16.69%16.88%16.62%15.66%16.12%-56 bps
Equity / Assets9.12%8.94%9.17%9.41%10.02%10.50%9.77%10.49%+108 bps
Liquidity & Funding
Loans / Deposits65.21%71.57%72.91%73.30%75.28%78.02%78.52%72.46%-83 bps
Liquid Assets / Assets12.89%6.61%6.38%6.12%5.21%2.92%2.97%3.04%-308 bps
CRE / Total Capitaln/an/an/an/a335%335%362%n/an/a