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
No
ID
Name
Address
Established
Service Type
Map
0
9119
University Bank
2015 Washtenaw Avenue, Ann Arbor, MI 48104
May 08, 1908
Full Service Brick and Mortar
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