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Uuniversity Bancorp Inc Michigan (QB)

Uuniversity Bancorp Inc Michigan (QB) (UNIB)

16.50
0.50
(3.13%)
Closed September 19 4:00PM

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Key stats and details

Current Price
16.50
Bid
16.25
Ask
17.00
Volume
25,813
16.00 Day's Range 16.50
12.9352 52 Week Range 16.50
Previous Close
16.00
Open
16.00
Last Trade
413
@
16.5
Last Trade Time
Average Volume (3m)
1,421
Financial Volume
$ 413,289
VWAP
16.0109

UNIB Latest News

University Bancorp 1Q2014 Loss $371,334, $0.079 per Share

University Bancorp 1Q2014 Loss $371,334, $0.079 per Share ANN ARBOR, MI--(Marketwired - Jun 10, 2014) -  University Bancorp, Inc. (OTCQB: UNIB) announced that it had an unaudited net loss...

Unibet Group plc: Bulletin from Unibet Group plc’s Annual General Meeting

Unibet Group plc (STO:UNIB): Today, at the Annual General Meeting, shareholders approved the proposed dividend of GBP 1.100 (equivalent to SEK 12.04 on 10 April 2014 exchange rates and...

University Bancorp 2013 Profit $1,826,008, $0.391 per Share

University Bancorp 2013 Profit $1,826,008, $0.391 per Share ANN ARBOR, MI--(Marketwired - Apr 4, 2014) - University Bancorp, Inc. (OTCQB: UNIB) announced that it had audited net income...

University Bancorp Sets Annual Meeting Date as December 30, 2013 Noon EST

University Bancorp Sets Annual Meeting Date as December 30, 2013 Noon EST ANN ARBOR, MI--(Marketwired - Dec 23, 2013) -  University Bancorp, Inc. (OTCQB: UNIB) today announced that its...

University Bancorp 9M2013 Profit $2,003,295 $0.43 per Share

University Bancorp 9M2013 Profit $2,003,295 $0.43 per Share ANN ARBOR, MI--(Marketwired - Nov 18, 2013) -  University Bancorp, Inc. (OTCQB: UNIB) announced that it had unaudited net...

University Bank Is the Top Rated Michigan Bank According to the IDC Rating Agency

ANN ARBOR, MI -- (Marketwired) -- 09/19/13 -- 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...

University Bancorp 2H2013 Profit $1,774,791 $0.38 per Share

ANN ARBOR, MI -- (Marketwired) -- 07/31/13 -- University Bancorp, Inc. (OTCQB: UNIB) announced that it had unaudited net income attributable to University Bancorp, Inc. common stock shareholders...

University Bancorp 1Q2013 Profit $486,848, $0.104 per Share

ANN ARBOR, MI -- (Marketwired) -- 04/26/13 -- University Bancorp, Inc. (OTCQB: UNIB) announced that it had unaudited net income attributable to University Bancorp, Inc. common stock shareholders...

University Bancorp 2012 Profit $1,915,859, $0.411 per Share

ANN ARBOR, MI -- (Marketwired) -- 04/26/13 -- University Bancorp, Inc. (OTCQB: UNIB) announced that it had audited net income attributable to University Bancorp, Inc. common stock shareholders in...

University Bank Acquires Ann Arbor Insurance Centre

ANN ARBOR, MI -- (Marketwire) -- 01/23/13 -- University Bancorp, Inc. (OTCQB: UNIB) announced that its University Bank subsidiary has invested $1.13 million to acquire 100% of a second...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.150.91743119266116.3516.515.932556616.2093819CS
41.4059.3077177873515.09516.515.09560915.93786537CS
123.526.92307692311316.512.9352142114.40914863CS
26322.222222222213.516.512.9352132813.89286883CS
521.7511.864406779714.7516.512.9352155913.96852696CS
1560.21.2269938650316.32312.9352120415.4924204CS
260894.11764705888.5235.75376710.86853968CS

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UNIB Discussion

View Posts
buhg1b buhg1b 16 years ago
University Bancorp Reports 2007 Results
Tuesday April 1, 9:00 am ET

ANN ARBOR, MI--(MARKET WIRE)--Apr 1, 2008 -- University Bancorp, Inc. (NasdaqCM:UNIB - News) reported audited net income of $645,000 versus a net loss of $402,000 in 2006. Basic and diluted earnings (loss) per share for 2007 and 2006 were $0.14 and $(0.10), respectively. For the fourth quarter the unaudited net loss in 2007 was $372,000 or ($0.09) per share versus net loss in 2006 of $52,000 or $(0.01) per share.

Significant progress during the year was made with the following key metrics:


-- Common stockholders' return on equity rose to 13.2% for the year
-- Portfolio loans and financings increased by 15.4% to $58.75 million
-- Net interest & financing income increased by 24.3% to $3.43 million
-- Custodial escrow deposits increased by 29.51% to $34.6 million
-- Total loans subserviced increased by 7.5% to $4.3 billion
-- Mortgages subserviced increased by 4.5% to 33,937


Fourth quarter 2007 earnings were negatively impacted by $333,000 in write-downs on mortgage servicing rights held by our Midwest Loan Services subsidiary due to the sharp drop in long term interest rates during the quarter. Also, Community Banking booked a $172,000 additional allowance for loan losses during the quarter to bolster its reserves. 2007 results were negatively impacted also by the loss of a key account at Midwest Loan Services in April, which reduced our mortgages subserviced by over 7,000 loans. This was the first loss of a major customer since the year 2000 and the first ever credit union customer relationship lost by Midwest.

2006 results were negatively impacted by one-time costs of $260,844 related to the restructuring of an agreement of our Islamic subsidiary to reduce future obligations under the original terms of that agreement.

At December 31, 2007, the Bank's Tier 1 leverage capital ratio was 9.7%, down from 10.2% at September 30, 2007 as the increased custodial escrow and Islamic deposits expanded the bank's balance sheet as planned.

President Stephen Lange Ranzini noted, "In the context of an ongoing Michigan recession, a 13% return on equity for the year for our bank is a very respectable result. Since we did not engage in any of the now criticized practices that have caused other financial institutions large financial losses and because we have been able to take advantage of recent turmoil in the financial markets to increase our income by sharply increasing the size of our AAA rated bond portfolio at excellent spreads, we are anticipating a record year in 2008 unless the economy declines more sharply than anticipated." ...continued

http://biz.yahoo.com/iw/080401/0382146.html
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