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 (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.25% | 0.35% | 0.36% | 0.71% | 0.82% | 0.63% | 0.23% | 1.28% | +56 bps | |
| Return on Equity | 3.23% | 4.67% | 4.70% | 9.06% | 10.21% | 7.70% | 2.81% | 15.15% | +608 bps | |
| Net Interest Margin | 3.44% | 3.37% | 3.56% | 3.71% | 3.65% | 3.84% | 3.95% | 4.07% | +36 bps | |
| Efficiency Ratio | 88.56% | 86.24% | 87.54% | 82.14% | 81.61% | 80.82% | 78.52% | 72.58% | -956 bps | |
| Non-Interest Burden | 2.90% | 2.75% | 3.01% | 2.82% | 2.71% | 2.87% | 2.87% | 2.66% | -16 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 | 0.00% | 0.00% | 0.00% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | -52 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 | |