The Union Bank
Beulah, North Dakota, Mercer County
$312M in total assets, the 2,443rd largest of 4,309 US banks and 29th of 60 headquartered in North Dakota.
- FDIC certificate
- 9420
- Established
- 1899
- Owned by
- Union Holding Co
- Primary regulator
- FDIC
- Website
- www.theunionbank.com
At a glance
Compared with 33 banks headquartered in North Dakota with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $312M | 54% | $257M | |
| Loans | $195M | 58% | $153M | |
| Deposits | $266M | 54% | $227M | |
| Return on assets | 1.25% | 33% | 1.49% | |
| Net interest margin | 4.35% | 91% | 3.82% | |
| Efficiency ratio | 66.2% | 82% | 54.8% | |
| Equity to assets | 9.67% | 46% | 9.71% | |
| Loans to deposits | 73% | 46% | 79% |
Growth
Total assets grew 4.7% a year over the last 5 years and 7.6% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Oct 2020 | Bank of Glen Ullin Glen Ullin, ND | $66M |
| Aug 2013 | First State Bank of Wilton Wilton, ND | $38M |
Where they operate
6 branches in 4 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Mercer County, ND | $87M | 23.6% | 2 of 3 |
| Dunn County, ND | $65M | 12.4% | 3 of 3 |
| Morton County, ND | $61M | 4.7% | 6 of 10 |
| Mclean County, ND | $52M | 12.6% | 2 of 4 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 1 branch since 2016 (5 to 6, +20.0%). 1 opened, 1 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 5 | |||
| 2017 | Closed Wing | 0 | 1 | −1 | 4 |
| 2020 | Acquired Bank of Glen Ullin | 1 | 0 | +1 | 5 |
| 2024 | Opened Beulah | 1 | 0 | +1 | 6 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Farmland | 35% | 23% | |
| Agricultural | 21% | 31% | |
| Commercial real estate | 17% | 13% | |
| 1-4 family residential | 6% | 10% | |
| Consumer | 6% | 4% | |
| Business (C&I) | 5% | 12% | |
| Multifamily | 2% | 2% | |
| Construction and land | 1% | 3% | |
| Other | 8% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 48% | 44% | |
| Time deposits | 33% | 35% | |
| Noninterest-bearing | 19% | 21% |
Brokered deposits are 0.2% of deposits (peers 3.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.38% | 0.44% |
| Net charge-offs, annualized | 0.00% | 0.00% |
| Reserves to loans | 1.10% | 1.18% |
| Leverage ratio | 10.12% | 10.50% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in North Dakota
Largest competitors in Mercer County, ND
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/union-bank-beulah-nd