The Union Bank: how it compares with its peers
Against 19 ND banks with half to twice its assets, The Union Bank's strongest measure in Q2 2026 is net interest margin (4.35% vs. a 3.84% peer median). Its weakest relative measure is assets per employee ($5.9M vs. $7.9M).
| Measure | The Union Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.41% | 1.58% | Middle third Ahead of 42% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.35% | 3.84% | Top third Ahead of 89% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 66.18% | 53.57% | Bottom third Ahead of 11% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.9M | $7.9M | Bottom third Ahead of 0% of peers |
| Loans to deposits Net loans and leases over total deposits. | 72.51% | 81.75% | Context |
What it means for lending operations
Its efficiency ratio of 66.18% is above the 53.57% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Security First Bank of North Dakota New Salem, ND · $293M
- Stock Growers Bank Forman, ND · $333M
- TruCommunity Bank Garrison, ND · $338M
- Kirkwood Bank & Trust Co. Bismarck, ND · $351M
- Union State Bank of Hazen Hazen, ND · $257M
- Merchants Bank Rugby, ND · $254M
Questions about The Union Bank
How big is The Union Bank?
The Union Bank, established in 1899, is headquartered in Beulah, ND. It reported $312M in total assets in its Q2 2026 FDIC call report and operates 6 offices.
What is The Union Bank's return on assets?
1.41% annualized in Q2 2026, against a 1.58% median for 19 ND banks with half to twice its assets, ahead of 42% of them.
What is The Union Bank's efficiency ratio?
66.18% in Q2 2026: it spent about 66 cents in noninterest expense for each dollar of revenue. The peer median is 53.57%, and lower is better.
Is The Union Bank growing its loans?
Net loans grew 2.8% over the year to Q2 2026, while deposits shrank 3.0%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are ND banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every North Dakota bank ranked.