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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 $11.5MQ3 2024Q2 2026
Deposit mix
81%Interest-bearing $214.9M19%Noninterest $51.2MQ3 2024Q2 2026

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 1.07%, down 8 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.

Return on Assets (quarter, annualized)

1.07%-8 bps YoY

Net Interest Margin (quarter, annualized)

4.06%+6 bps YoY

Efficiency Ratio (quarter, annualized)

64.94%+250 bps YoY

Tier 1 Leverage Ratio

10.12%+60 bps YoY

NIM

5.28%Q2 ’245.81%Q2 ’255.63%Q2 ’26+16%+2%

Non-interest income vs. expense

2.60%Q2 ’242.69%Q2 ’252.83%Q2 ’26+7%+6%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.70%0.82%0.79%1.16%0.97%1.18%1.73%1.07%-8 bps
Return on Equity7.59%9.03%9.11%13.58%11.27%13.46%19.54%11.65%-193 bps
Net Interest Margin3.27%3.43%3.49%3.99%3.76%4.05%3.96%4.06%+6 bps
Efficiency Ratio74.19%70.02%70.51%62.44%65.17%63.21%67.41%64.94%+250 bps
Non-Interest Burden2.48%2.46%2.50%2.51%2.46%2.57%2.69%2.65%+14 bps
Growth
Asset Growth (YoY)10.03%5.18%8.28%6.94%7.22%11.65%6.64%0.80%-614 bps
Loan Growth (YoY)9.41%6.57%3.42%-2.16%-0.03%5.91%5.67%2.89%+506 bps
Deposit Growth (YoY)8.87%5.77%9.00%8.42%6.21%4.37%6.10%-2.97%-1,140 bps
Asset Quality
Nonperforming Loans / Loans2.59%2.44%2.83%2.24%2.67%1.74%1.38%1.38%-86 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.30%0.00%0.00%0.00%0.00%-30 bps
Allowance / Loans1.08%1.06%1.11%1.04%1.06%1.03%1.06%1.10%+6 bps
Allowance Coverage of NPLs0.4x0.4x0.4x0.5x0.4x0.6x0.8x0.8x+0.3x
Capital
Tier 1 Leverage Ratio9.76%9.42%9.34%9.52%9.18%9.43%9.58%10.12%+60 bps
Total Risk-Based Capital9.76%9.42%9.34%9.52%9.18%9.43%9.58%10.12%+60 bps
Equity / Assets9.45%8.76%8.50%8.54%8.73%8.87%8.80%9.67%+113 bps
Liquidity & Funding
Loans / Deposits72.98%72.47%66.99%69.13%68.69%73.54%66.72%73.32%+418 bps
Liquid Assets / Assets0.99%0.98%0.94%0.84%0.64%0.62%0.72%0.60%-25 bps
CRE / Total Capitaln/an/an/an/a101.71%126.62%123.30%n/an/a