The Union Bank Company
Columbus Grove, Ohio, Putnam County
$1.4B in total assets, the 785th largest of 4,309 US banks and 25th of 160 headquartered in Ohio.
- FDIC certificate
- 12969
- Established
- 1904
- Owned by
- United Bancshares Inc
- Primary regulator
- FDIC
- Website
- www.theubank.com
At a glance
Compared with 27 banks headquartered in Ohio with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.4B | 41% | $1.6B | |
| Loans | $864M | 18% | $1.1B | |
| Deposits | $1.2B | 37% | $1.4B | |
| Return on assets | 0.98% | 15% | 1.21% | |
| Net interest margin | 4.05% | 85% | 3.62% | |
| Efficiency ratio | 60.7% | 63% | 58.4% | |
| Equity to assets | 10.49% | 56% | 10.17% | |
| Loans to deposits | 72% | 11% | 87% |
Growth
Total assets grew 6.6% a year over the last 5 years and 8.9% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Sep 2017 | Benchmark Bank Gahanna, OH | $124M |
| Nov 2014 | The Ohio State Bank Marion, OH | $85M |
| Mar 2003 | Citizens Bank of Delphos Delphos, OH, an affiliate under the same holding company | $140M |
| Mar 2003 | The Bank of Leipsic Company Leipsic, OH, an affiliate under the same holding company | $68M |
Where they operate
15 branches in 8 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Putnam County, OH | $446M | 35.1% | 1 of 6 |
| Allen County, OH | $260M | 10.5% | 5 of 11 |
| Delaware County, OH | $131M | 1.8% | 11 of 17 |
| Wood County, OH | $119M | 3.8% | 7 of 16 |
| Paulding County, OH | $73M | 14.7% | 4 of 5 |
| Marion County, OH | $57M | 4.6% | 9 of 10 |
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 loss of 2 branches since 2016 (17 to 15, −11.8%). 1 opened, 2 acquired, 5 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 17 | |||
| 2017 | Acquired Benchmark Bank | 2 | 0 | +2 | 19 |
| 2020 | Opened Paulding | 1 | 0 | +1 | 20 |
| 2021 | Closed Columbus Grove | 0 | 1 | −1 | 19 |
| 2024 | Closed 4 in Ohio | 0 | 4 | −4 | 15 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 30% | 34% | |
| Commercial real estate | 27% | 29% | |
| Multifamily | 14% | 6% | |
| Construction and land | 10% | 6% | |
| Business (C&I) | 7% | 12% | |
| Farmland | 7% | 4% | |
| Consumer | 5% | 4% | |
| Agricultural | 1% | 1% | |
| Other | 0% | 4% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 56% | 56% | |
| Time deposits | 28% | 24% | |
| Noninterest-bearing | 17% | 20% |
Brokered deposits are 3.5% of deposits (peers 5.7%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.12% | 0.66% |
| Net charge-offs, annualized | 0.02% | 0.02% |
| Reserves to loans | 1.04% | 1.11% |
| Leverage ratio | 10.78% | 10.25% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Ohio
Largest competitors in Putnam County, OH
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-columbus-grove-oh