University Bank in Ann Arbor, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


University Bank - Overview

  • General
  • FDIC Certificate #: 14587
    Status: Active
    Federal Reserve ID: 137652
    Bank Holding Company (Regulatory Top Holder): University Bancorp, Inc. (RSSDID: 1496253, Location: Ann Arbor, MI)
    Date Established: May 08, 1908
    WWW: http://www.university-bank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 9279
    FDIC's unique #: 9119
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: July 23, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2015 Washtenaw Avenue, Ann Arbor, MI 48104
    County: Washtenaw
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Detroit
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Ann Arbor, MI (#440)
    Consolidated Metropolitan Statistical Area (CMSA): Detroit-Ann Arbor-Flint, MI (#35)
    Combined Statistical Area (CSA): Detroit-Warren-Flint, MI (#220)
    Core Based Statistical Area (CBSA): Ann Arbor, MI (#11460)
    CBSA Metro Statistical Area: Ann Arbor, MI (#11460)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $119.8 mil
    Equity capital: $6.9 mil
    Deposits held in domestic offices: $101.5 mil
    Return on assets (ROA): -0.28% (-$0.3 mil)
    Quarterly return on assets: 1.39% ($1.7 mil)
    Return on Equity (ROE): -4.72% (-$0.3 mil)
    Quarterly return on equity: 25.64% ($1.8 mil)
    Net income: -$0.3 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: -0.28% (-$335.3 mil)
    Quarterly Pretax return on assets: 1.39% ($1,664.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 269Total employees (full-time equivalent)
  • $119,758Total assets
  • $15,175Cash and due from depository institutions
  • $15,043Interest-bearing balances
  • $2,581Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $88,967Net loans & leases
  • $1,269Loan loss allowance
  • $785Trading account assets
  • $3,159Bank premises and fixed assets
  • $1,164Other real estate owned
  • $2,556Goodwill and other intangibles
  • $119,758Life insurance assets
  • $5,371All other assets
  • $109,399Total liabilities and capital
  • $101,530Total liabilities
  • $45,006Total deposits
  • $101,530Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $7,869Subordinated debt
  • $10,359All other liabilities
  • $6,876Total equity capital
  • $6,876Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $5,281Surplus
  • $1,395Undivided profits
  • Memoranda
  • $3,483Noncurrent loans and leases
  • $32,505Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,643Income earned, not collected on loans
  • $0Earning assets
  • $265Long-term assets (5+ years)
  • $107,376Average Assets, year-to-date
  • $8,540Average Assets, quarterly
  • $114,148Volatile liabilities
  • $119,707Insider loans
  • $65,055FHLB advances
  • $111,421Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,922Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,050Restructured Loans and leases
  • $117Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,454Total interest income
  • $526Total interest expense
  • $3,928Net interest income
  • $315Provision for loan and lease losses
  • $12,558Total noninterest income
  • $0Fiduciary activities
  • $18Service charges on deposit accounts
  • $2Trading account gains & fees
  • $12,538Additional noninterest income
  • $17,108Total noninterest expense
  • $10,956Salaries and employee benefits
  • $1,156Premises and equipment expense
  • $4,996Additional noninterest expense
  • -$937Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$937Income before extraordinary items
  • $0Extraordinary gains - net
  • -$316Net income attributable to bank
  • -$621Net charge-offs
  • -$937Cash dividends
  • $694Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.36%Yield on earning assets
  • 0.52%Cost of funding earning assets
  • 3.85%Net interest margin
  • 12.30%Noninterest income to earning assets
  • 16.76%Noninterest expense to earning assets
  • -0.82%Net operating income to assets
  • -0.28%Return on assets (ROA)
  • -0.28%Pretax return on assets
  • -4.72%Return on equity (ROE)
  • -4.72%Retained earnings to average equity (YTD only)
  • 0.86%Net charge-offs to loans
  • 45.39%Credit loss provision to net charge-offs
  • -0.90%Efficiency ratio
  • 103,773Assets per employee
  • 0.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 77.24%Noncurrent assets plus other real estate owned to assets
  • 2.34%Noncurrent loans to loans
  • 1.82%Net loans and leases to deposits
  • 87.63%Net loans and leases to core deposits
  • 89.06%Equity capital to assets
  • 5.74%Core capital (leverage) ratio
  • 8.90%Tier 1 risk-based capital ratio
  • 15.25%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $114,148Average earning assets
  • $6,696Average equity
  • $102,070Average loans

List of branches

  • 1 Michigan Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09119University Bank2015 Washtenaw Avenue, Ann Arbor, MI 48104May 08, 1908Full Service Brick and Mortar

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