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Union Bank, The

Beulah, ND · Cert 9420 · Union Holding Co.

State charter, non-member · FDIC · 6 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

Basis

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.

Peer group

Banks under $1B in assets (n=581 to 629). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

20

Q2 2024Q2 2026peer median (50)

Asset Quality

45

Q2 2024Q2 2026peer median (50)

Profitability

78

Q2 2024Q2 2026peer median (50)

Liquidity

77

Q2 2024Q2 2026peer median

Efficiency

48

Q2 2024Q2 2026peer median (50)

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.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Union Bank, The

Beulah, ND · Cert 9420 · Union Holding Co.

State charter, non-member · FDIC · 6 branches

Q2 2026

$312.2MAssets
$195.1MLoans
$266.2MDeposits
$30.2MEquity
Loan mix
85%RE $122.9M7%C&I $9.4M8%Consumer $11.5MQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $214.9M19%Noninterest $51.2MQ2 2025Q2 2026

NIM

5.13%Q2 ’245.58%Q2 ’255.70%Q2 ’26+11%+9%

Non-interest income vs. expense

2.59%Q2 ’242.69%Q2 ’252.89%Q2 ’26+4%+9%

Market Position · Bismarck, ND · 2026 SOD (annual) · 0.9% share · #15 of 18 inst. · $0.1B of $6.9B

23.6% Mercer
12.4% Dunn
4.7% Morton
12.6% McLean

Executive Summary

  • Earnings: ROA of 1.41%, up 43 bps year over year; NIM at 4.06%.
  • Asset quality: problem loans at 1.38% of loans (-86 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.12%, up 60 bps from a year ago.
  • Funding: loans stand at 73.32% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.41%+43 bps YoY

Net Interest Margin (YTD, annualized)

4.06%+34 bps YoY

Efficiency Ratio (YTD, annualized)

66.18%-3 bps YoY

Tier 1 Leverage Ratio

10.12%+60 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.98%0.98%1.03%1.73%1.41%+43 bps
Return on Equity11.35%11.30%11.84%19.54%15.47%+412 bps
Net Interest Margin3.72%3.69%3.75%3.96%4.06%+34 bps
Efficiency Ratio66.21%65.86%65.15%67.41%66.18%-3 bps
Non-Interest Burden2.49%2.45%2.47%2.69%2.71%+22 bps
Growth
Asset Growth (YoY)6.94%7.22%11.65%6.64%0.80%-614 bps
Loan Growth (YoY)-2.16%-0.03%5.91%5.67%2.89%+506 bps
Deposit Growth (YoY)8.42%6.21%4.37%6.10%-2.97%-1,140 bps
Asset Quality
Nonperforming Loans / Loans2.24%2.67%1.74%1.38%1.38%-86 bps
Net Charge-Offs / Loans0.15%0.10%0.07%0.00%0.00%-15 bps
Allowance / Loans1.04%1.06%1.03%1.06%1.10%+6 bps
Allowance Coverage of NPLs0.5x0.4x0.6x0.8x0.8x+0.3x
Capital
Tier 1 Leverage Ratio9.52%9.18%9.43%9.58%10.12%+60 bps
Total Risk-Based Capital9.52%9.18%9.43%9.58%10.12%+60 bps
Equity / Assets8.54%8.73%8.87%8.80%9.67%+113 bps
Liquidity & Funding
Loans / Deposits69.13%68.69%73.54%66.72%73.32%+418 bps
Liquid Assets / Assets0.84%0.64%0.62%0.72%0.60%-25 bps
CRE / Total Capitaln/a101.71%126.62%123.30%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Union Bank, The

Beulah, ND · Cert 9420 · Peer group: banks under $1B in assets (n=581-629) · Union Holding Co.

State charter, non-member · FDIC · 6 branches

Q2 2026

$312.2MAssets
$195.1MLoans
$266.2MDeposits
$30.2MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 84% of banks under $1B in assets (rank 103 of 629).
  • Widest gap: total risk-based capital ratio trails 89% of banks under $1B in assets (rank 557 of 629).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.45%

Rank 156 of 629

Net Interest Margin

4.06%

Rank 155 of 629

Efficiency Ratio

68.41%

Rank 325 of 629

Equity / Assets

9.67%

Rank 409 of 629

Non-interest income vs. expense

$0.6M$9.3MINCOMEEXPENSE
Unfavorable gap of $8.7M · efficiency ratio beats 48% of banks under $1B in assets
Bank 68.41%Peer median 67.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.45%0.60%1.01%1.45%Beats 75%156 / 629
Return on Equity15.00%5.38%9.30%13.28%Beats 84%103 / 629
Net Interest Margin4.06%3.03%3.54%4.05%Beats 75%155 / 629
Efficiency Ratio68.41%58.35%67.79%79.08%Beats 48%325 / 629
Asset Quality
Nonperforming Loans / Loans1.38%0.09%0.46%1.20%Beats 20%465 / 581
Net Charge-Offs / Loans0.00%n/a0.01%0.06%Beats 70%180 / 581
Capital
Tier 1 Capital Ratio10.12%11.24%13.84%18.77%Beats 13%550 / 629
Total Risk-Based Capital Ratio10.12%11.58%14.43%19.66%Beats 11%557 / 629
Equity / Assets9.67%9.09%10.65%13.80%Beats 35%409 / 629
Liquidity & Funding
Loans / Deposits73.32%67.24%80.90%93.48%35th pctl386 / 594
Loans / Assets62.51%53.31%67.71%78.15%39th pctl385 / 629
Brokered Deposits / Depositsn/aNot reported for this institution