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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