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Union Bank, Inc.

Middlebourne, WV · Cert 16620

FDIC · 8 branches

Q4 2025

$415.1MAssets
$172.5MLoans
$376.7MDeposits
$34.8MEquity
Loan mix
89%RE $128.1M8%C&I $10.9M3%Consumer $4.6MQ4 2024Q4 2025
Deposit mix
85%Interest-bearing $318.7M15%Noninterest $58.0MQ4 2024Q4 2025

NIM

3.67%Q4 ’233.87%Q4 ’244.27%Q4 ’25-5%+16%

Non-interest income vs. expense

1.79%Q4 ’231.70%Q4 ’241.72%Q4 ’25-1%-1%

Executive Summary

  • Earnings: ROA of 1.44%, up 37 bps year over year; NIM at 3.19%.
  • Asset quality: problem loans at 1.70% of loans (+119 bps YoY), with net charge-offs at 0.06%.
  • Capital: tier 1 leverage ratio of 9.03%, down 65 bps from a year ago.
  • Funding: loans stand at 45.79% of deposits as of Q4 2025.

Financial Results

Return on Assets (YTD, annualized)

1.44%+37 bps YoY

Net Interest Margin (YTD, annualized)

3.19%+45 bps YoY

Efficiency Ratio (YTD, annualized)

48.27%-683 bps YoY

Tier 1 Leverage Ratio

9.03%-65 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025YoY ΔTrend
Earnings
Return on Assets1.06%1.31%1.38%1.41%1.44%+37 bps
Return on Equity14.82%18.37%18.31%17.97%18.05%+323 bps
Net Interest Margin2.74%3.11%3.14%3.31%3.19%+45 bps
Efficiency Ratio55.10%50.05%48.98%48.63%48.27%-683 bps
Non-Interest Burden1.30%1.32%1.31%1.35%1.29%-2 bps
Growth
Asset Growth (YoY)12.57%16.10%10.58%-2.29%1.41%-1,116 bps
Loan Growth (YoY)7.00%5.78%8.19%7.50%3.50%-350 bps
Deposit Growth (YoY)12.78%15.94%9.42%-3.52%0.10%-1,267 bps
Asset Quality
Nonperforming Loans / Loans0.51%0.35%0.49%0.87%1.70%+119 bps
Net Charge-Offs / Loans0.27%0.11%0.06%0.05%0.06%-22 bps
Allowance / Loans0.82%0.81%0.80%0.84%0.89%+7 bps
Allowance Coverage of NPLs1.6x2.3x1.6x1.0x0.5x-1.1x
Capital
Tier 1 Leverage Ratio9.68%9.34%9.61%10.34%9.03%-65 bps
Total Risk-Based Capital9.68%9.34%9.61%10.34%9.03%-65 bps
Equity / Assets7.36%6.90%8.46%8.73%8.39%+103 bps
Liquidity & Funding
Loans / Deposits44.29%39.97%48.02%45.72%45.79%+150 bps
Liquid Assets / Assets12.58%9.56%6.51%10.55%11.29%-129 bps
CRE / Total Capitaln/an/an/a131.56%137.88%n/a