University Bncp Mich (UNIB) 7.4900 $UNIB
University Bancorp 2Q2014 Net Income $668,735, $0.142 per Share
Marketwire - Wed Aug 13, 12:25PM CDT
University Bancorp, Inc. (OTCQB: UNIB) announced that it had an unaudited net income attributable to University Bancorp, Inc. common stock shareholders in the second quarter of 2014 of $668,735, $0.142 per share on average shares outstanding of 4,710,025 for the period. Net income for the six months ended June 30, 2014 was $297,401 or $0.063 on average shares outstanding of 4,701,426 for the period. In 1H2014 the net income of the Company's wholly-owned subsidiary, University Bank, was $348,150, below the budget by $179,464, and consolidated after-tax net income before minority interest was $419,501, below the budget by $350,778. For the first six months of 2014 minority interest of $71,351 and preferred stock dividends of $46,021 were incurred.
University Bank Is the Top Rated Michigan Bank According to the IDC Rating Agency
Marketwire - Thu Sep 19, 9:05AM CDT
University Bancorp's (OTCQB: UNIB) wholly owned subsidiary University Bank announced that it had received a perfect score of 300 out of 300 from IDC Financial Publishing, Inc. (IDC) based on the June 30, 2013 Call Report information submitted by all banks to the Federal Deposit Insurance Corporation (FDIC). Based on this quarter's rankings, University Bank is one of only two banks headquartered in Michigan with a perfect rating from IDC. IDC is generally considered to be the best and most prestigious organization that rates the financial quality and strength of banks in the U.S. University Bank is a community bank headquartered in Ann Arbor, with its key subsidiaries headquartered in Farmington Hills, Clinton Township and Houghton, Michigan, and was founded in 1890.
University Bancorp 2H2013 Profit $1,774,791 $0.38 per Share
Marketwire - Wed Jul 31, 9:53AM CDT
University Bancorp, Inc. (OTCQB: UNIB) announced that it had unaudited net income attributable to University Bancorp, Inc. common stock shareholders in the first half of 2013 of $1,774,791, $0.38 per share on average shares outstanding of 4,667,598 for the first six months. Year-to-date, the pre-tax profit of the Company's wholly-owned subsidiary, University Bank, was $3,373,850, above the budget by $1,187,657, and consolidated after-tax net income before minority interest was $2,229,700, above the budget by $786,815. For the first six months of 2013 minority interest of $399,864 and preferred stock dividends of $48,388 were incurred.
University Bancorp 1Q2013 Profit $486,848, $0.104 per Share
Marketwire - Fri Apr 26, 9:51AM CDT
University Bancorp, Inc. (OTCQB: UNIB) announced that it had unaudited net income attributable to University Bancorp, Inc. common stock shareholders in the first three months of 2013 of $486,848, $0.104 per share on average shares outstanding of 4,667,598 for the first three months. Year-to-date, the pre-tax profit of the Company's wholly-owned subsidiary, University Bank, was $1,001,200, was above the budget by $649,673, and consolidated after-tax net income before minority interest was $660,200, above the budget by $427,192. For the first three months of 2013 minority interest of $145,248 and preferred stock dividends of $24,194 were incurred.
University Bancorp 2012 Profit $1,915,859, $0.411 per Share
Marketwire - Fri Apr 26, 9:19AM CDT
University Bancorp, Inc. (OTCQB: UNIB) announced that it had audited net income attributable to University Bancorp, Inc. common stock shareholders in 2012 of $1,915,859, $0.411 per share on average shares outstanding of 4,661,348 for the year. For 2012, University Bancorp had pre-tax income of $4,678,663. For 2012, minority interest of $806,919, preferred stock dividends of $93,938 and income tax of $1,955,885 were incurred. The effective tax rate differs from the statutory federal income tax rate as a result of permanent tax differences and changes in tax estimates and as a result of two acquisitions.
University Bank Acquires Ann Arbor Insurance Centre
Marketwire - Wed Jan 23, 12:37PM CST
University Bancorp, Inc. (OTCQB: UNIB) announced that its University Bank subsidiary has invested $1.13 million to acquire 100% of a second independent insurance agency located in Ann Arbor, effective January 1, 2013. This agency, Ann Arbor Insurance Centre, has been in the insurance business locally for 32 years and has valuable appointments with a number of insurance firms above and beyond the 49 insurance firms University Bank's insurance agency, University Insurance & Investment Services, currently represents. Among the top insurance firms of Ann Arbor Insurance Centre are Auto-Owners Insurance, Citizens Insurance and Grange Insurance.
University Bancorp 2Q2014 Net Income $668,735, $0.142 per Share
Marketwire - Wed Aug 13, 12:25PM CDT
University Bancorp, Inc. (OTCQB: UNIB) announced that it had an unaudited net income attributable to University Bancorp, Inc. common stock shareholders in the second quarter of 2014 of $668,735, $0.142 per share on average shares outstanding of 4,710,025 for the period. Net income for the six months ended June 30, 2014 was $297,401 or $0.063 on average shares outstanding of 4,701,426 for the period. In 1H2014 the net income of the Company's wholly-owned subsidiary, University Bank, was $348,150, below the budget by $179,464, and consolidated after-tax net income before minority interest was $419,501, below the budget by $350,778. For the first six months of 2014 minority interest of $71,351 and preferred stock dividends of $46,021 were incurred.
University Bank Is the Top Rated Michigan Bank According to the IDC Rating Agency
Marketwire - Thu Sep 19, 9:05AM CDT
University Bancorp's (OTCQB: UNIB) wholly owned subsidiary University Bank announced that it had received a perfect score of 300 out of 300 from IDC Financial Publishing, Inc. (IDC) based on the June 30, 2013 Call Report information submitted by all banks to the Federal Deposit Insurance Corporation (FDIC). Based on this quarter's rankings, University Bank is one of only two banks headquartered in Michigan with a perfect rating from IDC. IDC is generally considered to be the best and most prestigious organization that rates the financial quality and strength of banks in the U.S. University Bank is a community bank headquartered in Ann Arbor, with its key subsidiaries headquartered in Farmington Hills, Clinton Township and Houghton, Michigan, and was founded in 1890.
University Bancorp 2H2013 Profit $1,774,791 $0.38 per Share
Marketwire - Wed Jul 31, 9:53AM CDT
University Bancorp, Inc. (OTCQB: UNIB) announced that it had unaudited net income attributable to University Bancorp, Inc. common stock shareholders in the first half of 2013 of $1,774,791, $0.38 per share on average shares outstanding of 4,667,598 for the first six months. Year-to-date, the pre-tax profit of the Company's wholly-owned subsidiary, University Bank, was $3,373,850, above the budget by $1,187,657, and consolidated after-tax net income before minority interest was $2,229,700, above the budget by $786,815. For the first six months of 2013 minority interest of $399,864 and preferred stock dividends of $48,388 were incurred.
University Bancorp 1Q2013 Profit $486,848, $0.104 per Share
Marketwire - Fri Apr 26, 9:51AM CDT
University Bancorp, Inc. (OTCQB: UNIB) announced that it had unaudited net income attributable to University Bancorp, Inc. common stock shareholders in the first three months of 2013 of $486,848, $0.104 per share on average shares outstanding of 4,667,598 for the first three months. Year-to-date, the pre-tax profit of the Company's wholly-owned subsidiary, University Bank, was $1,001,200, was above the budget by $649,673, and consolidated after-tax net income before minority interest was $660,200, above the budget by $427,192. For the first three months of 2013 minority interest of $145,248 and preferred stock dividends of $24,194 were incurred.
University Bancorp 2012 Profit $1,915,859, $0.411 per Share
Marketwire - Fri Apr 26, 9:19AM CDT
University Bancorp, Inc. (OTCQB: UNIB) announced that it had audited net income attributable to University Bancorp, Inc. common stock shareholders in 2012 of $1,915,859, $0.411 per share on average shares outstanding of 4,661,348 for the year. For 2012, University Bancorp had pre-tax income of $4,678,663. For 2012, minority interest of $806,919, preferred stock dividends of $93,938 and income tax of $1,955,885 were incurred. The effective tax rate differs from the statutory federal income tax rate as a result of permanent tax differences and changes in tax estimates and as a result of two acquisitions.
University Bank Acquires Ann Arbor Insurance Centre
Marketwire - Wed Jan 23, 12:37PM CST
University Bancorp, Inc. (OTCQB: UNIB) announced that its University Bank subsidiary has invested $1.13 million to acquire 100% of a second independent insurance agency located in Ann Arbor, effective January 1, 2013. This agency, Ann Arbor Insurance Centre, has been in the insurance business locally for 32 years and has valuable appointments with a number of insurance firms above and beyond the 49 insurance firms University Bank's insurance agency, University Insurance & Investment Services, currently represents. Among the top insurance firms of Ann Arbor Insurance Centre are Auto-Owners Insurance, Citizens Insurance and Grange Insurance.
