Morrisville, VT · Cert 14158 · Union Bankshares Inc.
State charter, non-member · FDIC · 18 branches
Q2 2026
Market Position · Burlington-South Burlington, VT · 2026 SOD (annual) · 2.1% share · #9 of 15 inst. · $0.2B of $8.2B
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 | 0.59% | 0.66% | 0.71% | 0.70% | 0.78% | 0.77% | 0.80% | 0.80% | +10 bps | |
| Return on Equity | 10.41% | 11.71% | 12.92% | 12.54% | 13.76% | 13.42% | 13.40% | 12.83% | +29 bps | |
| Net Interest Margin | 2.50% | 2.49% | 2.65% | 2.66% | 2.72% | 2.66% | 2.77% | 2.77% | +12 bps | |
| Efficiency Ratio | 76.87% | 75.28% | 75.03% | 76.64% | 74.29% | 74.97% | 75.94% | 75.99% | -65 bps | |
| Non-Interest Burden | 1.75% | 1.70% | 1.83% | 1.88% | 1.84% | 1.82% | 1.96% | 1.94% | +6 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 8.86% | 4.03% | 7.55% | 5.84% | 3.57% | 5.83% | 6.60% | 5.32% | -52 bps | |
| Loan Growth (YoY) | 9.54% | 12.58% | 12.31% | 9.84% | 4.70% | 1.54% | 1.35% | 0.91% | -893 bps | |
| Deposit Growth (YoY) | -4.01% | -10.46% | 0.86% | 4.77% | 1.44% | 3.96% | 1.61% | -0.68% | -545 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.17% | 0.16% | 1.28% | 1.37% | 1.14% | 1.17% | 1.13% | 1.35% | -2 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 0.65% | 0.66% | 0.69% | 0.75% | 0.71% | 0.71% | 0.68% | 0.75% | 0 bps | |
| Allowance Coverage of NPLs | 3.8x | 4.1x | 0.5x | 0.5x | 0.6x | 0.6x | 0.6x | 0.6x | 0.0x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 7.44% | 7.31% | 7.31% | 7.30% | 7.49% | 7.36% | 7.39% | 7.82% | +52 bps | |
| Total Risk-Based Capital | 12.73% | 12.51% | 12.57% | 12.62% | 12.94% | 12.81% | 12.94% | 13.73% | +110 bps | |
| Equity / Assets | 5.80% | 5.40% | 5.62% | 5.85% | 5.94% | 6.00% | 5.93% | 6.81% | +96 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 95.86% | 99.29% | 98.49% | 100.58% | 98.94% | 96.98% | 98.23% | 102.18% | +161 bps | |
| Liquid Assets / Assets | 3.25% | 1.02% | 0.64% | 0.83% | 2.09% | 0.66% | 1.78% | 0.72% | -10 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 456% | 451% | 450% | n/a | n/a | |