| Business Summary | | University
Bancorp,
Inc.
is
a
bank
holding
company
for
its
wholly
owned
subsidiary,
University
Bank
(the
Bank).
The
Bank's
traditional
retail
savings
products
and
services
include
demand
deposit
and
NOW
interest-bearing
checking
accounts,
money
market
deposit
accounts,
regular
savings
accounts
and
term
deposit
certificates
ranging
in
maturity
from
three
to
300
months.
University
Bank
offers
a
range
of
traditional
lending
products,
including
commercial
small
business
loans,
residential
real
estate
mortgage
loans,
home
equity
loans,
commercial
real
estate
mortgage
loans,
consumer
installment
loans,
and
land
development
and
construction
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | UNIB
is
the
bank
holding
company
for
University
Bank,
a
state
chartered
community
bank
in
Michigan.
For
the
six
months
ended
6/30/01,
interest
income
rose
12%
to
$1.8
million.
Net
interest
income
after
LLP
rose
15%
to
$672
thousand.
Net
income
applicable
to
Common
totaled
$55
thousand
vs.
a
loss
of
$546
thousand.
Net
interest
income
reflects
higher
average
interest
earning
assets
and
a
higher
portfolio
yield.
Net
income
also
reflects
increased
loan
origination
and
sub-servicing
fee
income. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Joseph Ranzini, 72 Chairman
of Directors and Sec. | -- | Stephen Lange Ranzini, 36 Pres,
CEO, Director | $89K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|