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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 $4.6MQ1 2024Q4 2025
Deposit mix
85%Interest-bearing $318.7M15%Noninterest $58.0MQ1 2024Q4 2025

Executive Summary

  • Earnings: ROA of 1.48%, up 26 bps year over year; NIM at 3.29%.
  • Asset quality: problem loans at 1.70% of loans (+119 bps YoY), with net charge-offs at 0.09%.
  • 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.

Return on Assets (quarter, annualized)

1.48%+26 bps YoY

Net Interest Margin (quarter, annualized)

3.29%+27 bps YoY

Efficiency Ratio (quarter, annualized)

47.21%-420 bps YoY

Tier 1 Leverage Ratio

9.03%-65 bps YoY

NIM

3.94%Q4 ’234.23%Q4 ’244.40%Q4 ’25+7%+9%

Non-interest income vs. expense

1.82%Q4 ’231.73%Q4 ’241.73%Q4 ’25-5%-2%

Discrete quarter, annualized.

MetricQ1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025YoY ΔTrend
Earnings
Return on Assets0.91%1.04%1.04%1.23%1.31%1.41%1.50%1.48%+26 bps
Return on Equity13.01%15.08%14.25%16.71%18.37%18.43%17.50%17.31%+60 bps
Net Interest Margin2.74%2.91%2.96%3.01%3.11%3.20%3.39%3.29%+27 bps
Efficiency Ratio57.92%56.23%55.44%51.41%50.05%47.94%47.98%47.21%-420 bps
Non-Interest Burden1.39%1.41%1.41%1.32%1.32%1.30%1.32%1.30%-3 bps
Growth
Asset Growth (YoY)3.11%1.27%13.60%12.57%16.10%10.58%-2.29%1.41%-1,116 bps
Loan Growth (YoY)5.28%7.18%8.15%7.00%5.78%8.19%7.50%3.50%-350 bps
Deposit Growth (YoY)2.70%-0.02%10.55%12.78%15.94%9.42%-3.52%0.10%-1,267 bps
Asset Quality
Nonperforming Loans / Loans0.65%0.52%1.10%0.51%0.35%0.49%0.87%1.70%+119 bps
Net Charge-Offs / Loans0.79%0.04%0.21%0.10%0.11%0.02%0.02%0.09%-2 bps
Allowance / Loans0.80%0.83%0.83%0.82%0.81%0.80%0.84%0.89%+7 bps
Allowance Coverage of NPLs1.2x1.6x0.8x1.6x2.3x1.6x1.0x0.5x-1.1x
Capital
Tier 1 Leverage Ratio9.74%10.02%9.97%9.68%9.34%9.61%10.34%9.03%-65 bps
Total Risk-Based Capital9.74%10.02%9.97%9.68%9.34%9.61%10.34%9.03%-65 bps
Equity / Assets6.65%7.22%7.32%7.36%6.90%8.46%8.73%8.39%+103 bps
Liquidity & Funding
Loans / Deposits43.81%48.57%41.03%44.29%39.97%48.02%45.72%45.79%+150 bps
Liquid Assets / Assets11.18%4.55%10.95%12.58%9.56%6.51%10.55%11.29%-129 bps
CRE / Total Capitaln/an/an/an/an/an/a131.56%137.88%n/a