Union Bank

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Financial Highlights
Financial Highlights
2020 FQ3 YTD
9/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Balance Sheet ($000)
Total Assets 1,009,135 872,912 805,337 745,831 691,381
Total Net Loans 790,626 672,607 640,559 589,949 536,495
Total Deposits 910,079 744,027 706,770 647,574 597,660
Equity Attributable to Parent Company 78,424 71,843 64,491 58,661 56,279
Total Equity 78,424 71,843 64,491 58,661 56,279
COVID-19 Financial Disclosure
Paycheck Protection Program Loan($000) NA NA NA NA NA
PPP Loan Ratio(%) NA NA NA NA NA
COVID-19 Loan Modification($000) NA NA NA NA NA
COVID-19 Loan Modification Ratio(%) NA NA NA NA NA
Processing Fees on PPP Loans($000) NA NA NA NA NA
Profitability (%)
Net Income($000) 9,011 10,648 7,072 8,449 8,511
Net Income Attributable to Parent($000) 9,011 10,648 7,072 8,449 8,511
ROAA 1.29 1.30 0.94 1.21 1.30
Core ROAA 1.29 1.32 1.34 1.29 1.31
ROAE 16.09 15.63 11.80 14.53 15.25
ROATCE 16.81 16.45 12.59 15.49 16.34
Core ROAE 16.14 15.80 16.83 15.47 15.28
Net Interest Margin 3.62 4.02 4.05 4.19 4.14
Reported: Net Interest Margin 3.66 4.05 4.08 4.22 4.17
Efficiency Ratio 63.67 66.23 65.76 64.06 66.04
Noninterest Inc/ Operating Rev 31.69 25.31 23.98 25.95 28.75
Balance Sheet Ratios (%)
Loans/ Deposits 84.12 90.22 91.03 90.71 89.34
Securities/ Assets 8.93 10.39 9.48 9.22 9.97
Total Equity/ Total Assets 7.77 8.23 8.01 7.87 8.14
Tangible Equity/ Tangible Assets 7.56 7.97 7.71 7.52 7.74
Tang Common Equity/ Tang Assets 7.56 7.97 7.71 7.52 7.74
Asset Quality (%)
NPAs/ Assets 0.46 0.52 0.45 0.47 0.83
NPA Excl Restructured/ Assets 0.23 0.23 0.09 0.15 0.43
NPAs & 90+ PD/ Assets 0.55 0.65 0.59 0.54 0.95
NPAs/ Loans & REO 0.58 0.66 0.56 0.59 1.06
Nonaccrual & 90+ & OREO/ Assets 0.32 0.37 0.23 0.21 0.55
NPAs & 90+ PD/ Loans & REO 0.70 0.84 0.74 0.67 1.21
NPA & Loans 90+/ Tangible Common Equity + LLR 6.65 7.54 7.08 6.55 11.21
NCOs/ Avg Loans 0.01 0.06 0.02 0.01 0.02
Loan Loss Reserves/ Gross Loans 0.96 0.90 0.89 0.91 0.97
Reserves/ NPAs 166.91 135.65 157.53 153.72 91.67
Loan Loss Provision/ NCO NM 197.70 378.15 512.82 144.23
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 73,490 68,388 62,877 61,064 56,881
Tier 1 Capital($000) 73,490 68,388 62,877 61,064 56,881
Tier 2 Capital($000) 7,411 6,122 5,739 5,408 5,247
Total Capital($000) 80,901 74,510 68,616 66,472 62,128
Total Risk-weighted Assets($000) 592,661 572,285 533,761 486,566 466,238
Tier 1 Common Capital (CET1) Ratio(%) 12.40 11.95 11.78 12.55 12.20
Tier 1 Ratio(%) 12.40 11.95 11.78 12.55 12.20
Total Capital Ratio(%) 13.65 13.02 12.86 13.66 13.32
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 7.47 8.09 8.03 8.46 8.40
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 4,475,306 4,471,977 4,466,679 4,465,576 4,462,135
Avg Diluted Shares(actual) 4,474,061 4,468,336 4,465,675 4,462,192 4,459,001
Basic Book Value per Share 17.52 16.07 14.44 13.14 12.61
Book Value per Share, As Reported 17.52 16.06 14.44 13.14 12.61
Basic Tangible Book Value per Share 17 15.51 13.85 12.51 11.95
Tangible Book Value per Share, As Reported NA NA NA NA NA
Common Dividends Declared per Share 0.96 1.24 1.20 1.16 1.11
EPS after Extra 2.01 2.38 1.58 1.89 1.91
EPS after Extra Growth(%) 13.60 50.60 (16.40) (1) 7.90
Core EPS 2.02 2.41 2.25 2.01 1.91
Core EPS Growth(%) 13.40 6.70 12 5.10 7.10
Diluted EPS before Amortization 2.04 2.42 1.62 1.93 1.95
Pre-Provision Earnings per Share 2.13 2.34 2.19 1.78 1.62
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.
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