Union Nb&T Co of Elgin
Elgin, Illinois · FDIC Cert #3661
Union Nb&T Co of Elgin is an FDIC-insured bank (Certificate #3661) with $354M in total assets and $313M in total deposits as of the Q2 2024 Call Report. Headquartered in Elgin, Illinois, the bank maintains a Tier 1 capital ratio of 18.03% (Well-Capitalized) and a nonperforming loan ratio of 0.00%. BankHealthData assigns a composite Health Grade of A (83/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Union Nb&T Co of Elgin (FDIC cert 3661) is a community bank — $354M in total assets, $313M in deposits, serving the Elgin, Illinois area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 18.03% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is clean: non-performing loan ratio of 0.00% is below 0.5% — well within the healthy range for U.S. community and regional banks. Clean NPL ratios reflect either disciplined underwriting, a low-credit-risk loan mix, or both. Liquidity is thin: 13.2% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is strong: return on assets of 2.07% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. Union Nb&T Co of Elgin carries a composite BankHealth grade of A (83/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Union Nb&T Co of Elgin
- Total Assets
- $354M
- Total Deposits
- $313M
- Tier 1 Capital Ratio
- 18.03%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.00%
- Liquidity Ratio
- 13.16%
- Return on Assets
- 2.07%
- Headquarters
- Elgin, Illinois
- FDIC Certificate
- #3661
- Health Grade
- A (83/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Union Nb&T Co of Elgin holds a Tier 1 capital ratio of 18.03%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Union Nb&T Co of Elgin has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Union Nb&T Co of Elgin shows strong financial health indicators. With $354M in assets and a Health Score of 83/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Union Nb&T Co of Elgin Compares
Union Nb&T Co of Elgin’s Health Score of 83 is 11 points above the Illinois state average of 72 across 333 FDIC-insured banks. Its 18.03% Tier 1 capital ratio is 4.0 points above the US banking industry average near 14%. The 0.00% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 2.07% is in line with or above the national ROA benchmark of ~1.1%. Among 1567 similarly-sized banks, the average Health Score is 69, meaning this bank ranks above its size cohort. Site-wide, Union Nb&T Co of Elgin is 13 points above the portfolio average of 70.
Frequently Asked Questions
Union Nb&T Co of Elgin has a Bank Health Score of A (83/100), placing it one of the safest banks in our analysis. It holds a Tier 1 capital ratio of 18.03%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Union Nb&T Co of Elgin's Tier 1 capital ratio of 18.03% and nonperforming loan ratio of 0.00% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Union Nb&T Co of Elgin is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #3661). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Union Nb&T Co of Elgin holds $354M in total assets and $313M in total deposits. It is headquartered in Elgin, Illinois (FDIC Certificate #3661).
Union Nb&T Co of Elgin has a Tier 1 capital ratio of 18.03%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.00%, and the return on assets is 2.07%.
Yes. Union Nb&T Co of Elgin is FDIC-insured (Certificate #3661). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An A grade on our Bank Health Score means 85+/100 — top-tier capital, low loan losses, strong liquidity. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Union Nb&T Co of Elgin's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.