Overview
University Bancorp is the holding company for University Bank. From one branch in Ann Arbor (the home of The University of Michigan), the bank offers standard services such as deposit accounts and loans. It mainly originates residential mortgages, with commercial mortgages, business loans, and consumer loans rounding out its lending activities. Shariah-compliant banking services (banking consistent with Islamic law) are offered through University
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Read More Islamic Financial, which operates within University Bank's office. University Bancorp also owns University Insurance and Investments Services, and a majority of Midwest Loan Services, which provides mortgage origination and subservicing to credit unions.
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Read More Islamic Financial, which operates within University Bank's office. University Bancorp also owns University Insurance and Investments Services, and a majority of Midwest Loan Services, which provides mortgage origination and subservicing to credit unions.
Read Less
Stephen Lange Ranzini
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Depository Credit Intermediation
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Credit Intermediation and Related Activities
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Finance and Insurance
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State commercial banks
Activities Related to Credit Intermediation
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Agencies, Brokerages, and Other Insurance Related Activities
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Insurance Carriers
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Insurance and Employee Benefit Funds
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Monetary Authorities-Central Bank
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Nondepository Credit Intermediation
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Other Financial Investment Activities
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Other Investment Pools and Funds
View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
View fewer
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Actual
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Actual
$107.96 million
Actual
-0.67%
43.2%
$931
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OTC:UNIB
Contacts
Get in Touch with 5 Principals* and 11 Contacts
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Stephen Lange RanziniChief Executive Officer and President
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Data
Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. Find out more.
Financial data as of August 14, 2024 (12 month period) in USD
Annual Revenue
$107.96 million
USD
Modelled
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net Operating Cash | $5 | $50 | $58 |
| Net Investing Cash | -$203 | -$366 | -$82 |
| Net Financing Cash | $137 | $304 | -$79 |
| Net Change in Cash | -$61 | -$12 | -$103 |
| Cash at Beginning of Period | $86 | $98 | $200 |
| Cash at End of Period | $25 | $86 | $98 |
| Capital Expenditure | -$1 | -$1 | -$3 |
| Assets (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $25 | $86 | $97 |
| Accounts Receivable | $9 | $10 | $6 |
| Inventories | $ | $ | $ |
| Other Current Assets | $ | $ | $ |
| Asset Summary | |||
| Total Current Assets | $ | $ | $ |
| Tangible Fixed Assets | $13 | $12 | $14 |
| Intangible Assets | $41 | $33 | $36 |
| Total Assets | $932 | $794 | $500 |
| Liabilities (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $3 | $2 | $3 |
| Short-Term Debt | $1 | $ | $ |
| Other Current Liabilities | $ | $ | $ |
| Liability Summary | |||
| Total Current Liabilities | $ | $ | $ |
| Long-Term Debt | $136 | $79 | $19 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $837 | $706 | $415 |
| Stakeholder's Equity (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | $76 | $71 | $70 |
| Equity Summary | |||
| Total Equity | $84 | $79 | $77 |
| Shares Outstanding | 4,930,515 | 4,929,518 | 4,889,518 |