Union State Bank
Pell City, Alabama, St. Clair County
$212M in total assets, the 2,941st largest of 4,309 US banks and 61st of 93 headquartered in Alabama.
- FDIC certificate
- 5602
- Established
- 1903
- Owned by
- Union Bancshares Inc
- Primary regulator
- FDIC
- Website
- www.unionstate.net
At a glance
Compared with 62 banks headquartered in Alabama 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 | $212M | 32% | $304M | |
| Loans | $99M | 26% | $159M | |
| Deposits | $192M | 36% | $261M | |
| Return on assets | 0.85% | 24% | 1.13% | |
| Net interest margin | 3.59% | 27% | 3.93% | |
| Efficiency ratio | 88.3% | 95% | 64.8% | |
| Equity to assets | 5.56% | 6% | 9.69% | |
| Loans to deposits | 52% | 19% | 69% |
Growth
Total assets grew -4.4% a year over the last 5 years and -0.9% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Aug 2004 | Premier Community Bank of South Florida Fort Lauderdale, FL | $114M |
| Dec 1987 | Farmers and Merchants Bank of Ashville Hoover, AL | n/a |
| Dec 1987 | New Farmers and Merchants Bank of Ashville Ashville, AL | $6M |
| Dec 1982 | Union State Bank Cedar Bluff, AL | n/a |
Where they operate
8 branches in 3 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| St. Clair County, AL | $96M | 7.2% | 4 of 8 |
| Cherokee County, AL | $51M | 11.9% | 4 of 6 |
| Jefferson County, AL | $44M | 0.1% | 32 of 39 |
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 6 branches since 2016 (14 to 8, −42.9%). 0 opened, 0 acquired, 6 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 14 | |||
| 2016 | Closed Naples | 0 | 1 | −1 | 13 |
| 2022 | Closed Destin | 0 | 1 | −1 | 12 |
| 2023 | Sold 1 branch to Peoples Bank of AlabamaClosed Homewood | 0 | 2 | −2 | 10 |
| 2024 | Sold 1 branch to Peoples Bank of Alabama | 0 | 1 | −1 | 9 |
| 2025 | Closed Pell City | 0 | 1 | −1 | 8 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 44% | 25% | |
| 1-4 family residential | 21% | 34% | |
| Construction and land | 17% | 10% | |
| Business (C&I) | 9% | 15% | |
| Multifamily | 5% | 2% | |
| Consumer | 2% | 6% | |
| Farmland | 0% | 5% | |
| Agricultural | 0% | 2% | |
| Other | 1% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 61% | 41% | |
| Noninterest-bearing | 22% | 23% | |
| Time deposits | 16% | 37% |
Brokered deposits are 0.0% of deposits (peers 2.3%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 2.00% | 0.43% |
| Net charge-offs, annualized | 0.01% | 0.05% |
| Reserves to loans | 0.90% | 1.26% |
| Leverage ratio | 9.61% | 11.28% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Alabama
Largest competitors in St. Clair County, AL
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-state-bank-pell-city-al