Grand Rapids, MI · Cert 14722 · Union Financial Corp.
State charter, non-member · FDIC · 8 branches
Q2 2026
Board Package
Performance Trends and Peer Comparison
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.
Banks under $1B in assets operating in a single state (n=743 to 746). Each measure ranks only the institutions that reported it, so n varies by measure.
Peer groups below the disclosure floor are suppressed.
Capital
14
Asset Quality
47
Profitability
44
Liquidity
0
Efficiency
25
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.
Grand Rapids, MI · Cert 14722 · Union Financial Corp.
State charter, non-member · FDIC · 8 branches
Q2 2026
Market Position · Grand Rapids-Wyoming-Kentwood, MI · 2026 SOD (annual) · 0.5% share · #19 of 28 inst. · $0.2B 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 | 0.38% | 0.37% | 0.36% | 0.53% | 0.63% | 0.63% | 0.23% | 0.75% | +22 bps | |
| Return on Equity | 4.95% | 4.89% | 4.70% | 6.92% | 8.04% | 7.96% | 2.81% | 9.03% | +211 bps | |
| Net Interest Margin | 3.35% | 3.28% | 3.56% | 3.65% | 3.57% | 3.64% | 3.95% | 4.00% | +35 bps | |
| Efficiency Ratio | 88.51% | 87.94% | 87.54% | 84.78% | 83.66% | 82.93% | 78.52% | 75.51% | -927 bps | |
| Non-Interest Burden | 2.82% | 2.75% | 3.01% | 2.91% | 2.78% | 2.81% | 2.87% | 2.76% | -15 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 8.85% | 10.23% | 6.75% | 8.21% | 4.55% | 3.18% | 3.92% | 3.96% | -424 bps | |
| Loan Growth (YoY) | 18.04% | 13.64% | 9.55% | 10.87% | 8.29% | 9.45% | 10.48% | 7.58% | -329 bps | |
| Deposit Growth (YoY) | 1.67% | 3.51% | 4.18% | 4.39% | 3.06% | 3.03% | 2.48% | 4.59% | +20 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 1.56% | 2.10% | 1.91% | 2.03% | 1.70% | 1.13% | 1.09% | 1.07% | -96 bps | |
| Net Charge-Offs / Loans | 0.02% | 0.01% | 0.00% | 0.26% | 0.17% | 0.12% | 0.00% | 0.00% | -26 bps | |
| Allowance / Loans | 1.27% | 1.32% | 1.32% | 1.15% | 1.11% | 1.16% | 1.36% | 1.29% | +14 bps | |
| Allowance Coverage of NPLs | 0.8x | 0.6x | 0.7x | 0.6x | 0.7x | 1.0x | 1.3x | 1.2x | +0.6x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.32% | 8.24% | 8.22% | 8.48% | 8.40% | 8.59% | 8.55% | 8.83% | +36 bps | |
| Total Risk-Based Capital | 10.82% | 10.71% | 10.94% | 10.35% | 10.66% | 10.63% | 10.78% | 10.96% | +61 bps | |
| Equity / Assets | 7.73% | 7.40% | 7.90% | 7.82% | 8.16% | 8.16% | 8.42% | 8.42% | +61 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 93.39% | 90.22% | 95.97% | 99.05% | 98.14% | 95.85% | 103.47% | 101.88% | +283 bps | |
| Liquid Assets / Assets | 0.74% | 1.03% | 0.94% | 0.28% | 0.15% | 0.16% | 0.16% | 0.21% | -7 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 578% | 579% | 589% | n/a | n/a | |
Grand Rapids, MI · Cert 14722 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Union Financial Corp.
State charter, non-member · FDIC · 8 branches
Q2 2026
Return on Assets
0.74%
Rank 551 of 746
Net Interest Margin
4.00%
Rank 247 of 746
Efficiency Ratio
75.51%
Rank 561 of 746
Equity / Assets
8.42%
Rank 607 of 746
| Metric | Your Bank | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||
| Return on Assets | 0.74% | 0.72% | 1.06% | 1.45% | Beats 26% | 551 / 746 | ||
| Return on Equity | 8.77% | 6.74% | 10.51% | 13.63% | Beats 39% | 456 / 746 | ||
| Net Interest Margin | 4.00% | 3.17% | 3.68% | 4.16% | Beats 67% | 247 / 746 | ||
| Efficiency Ratio | 75.51% | 55.74% | 64.58% | 75.47% | Beats 25% | 561 / 746 | ||
| Asset Quality | ||||||||
| Nonperforming Loans / Loans | 1.07% | 0.09% | 0.42% | 1.07% | Beats 25% | 558 / 743 | ||
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.01% | 0.05% | Beats 69% | 236 / 743 | ||
| Capital | ||||||||
| Tier 1 Capital Ratio | 9.77% | 11.55% | 13.75% | 17.60% | Beats 5% | 710 / 746 | ||
| Total Risk-Based Capital Ratio | 10.96% | 11.71% | 14.33% | 18.43% | Beats 17% | 618 / 746 | ||
| Equity / Assets | 8.42% | 8.90% | 10.51% | 13.06% | Beats 19% | 607 / 746 | ||
| Liquidity & Funding | ||||||||
| Loans / Deposits | 101.88% | 61.31% | 78.27% | 90.78% | 92nd pctl | 63 / 746 | ||
| Loans / Assets | 80.52% | 53.60% | 66.97% | 76.08% | 86th pctl | 104 / 746 | ||
| Brokered Deposits / Deposits | n/a | Not reported for this institution | ||||||