University Bancorp

University Bancorp is focused on profitable growth through niche financial services provided locally, nationally and via the Internet, including banking, lending, insurance, and wealth management.

Our organization has won many key industry awards, including American Banker newspaper’s “Community Bankers of the Year” award in 2006, “Community Bankers of the Year” in 2009, awarded by the American Bankers Association, the #1 best performing bank in the U.S. based on three-year return on average shareholders’ equity by American Banker newspaper in multiple years including in 2023 & “Best Growth Strategy” of any U.S. bank & the 7th Best Management Team of any U.S. bank in 2022, awarded by Bank Director Magazine. For the 16 years from 2004 to 2020 University Bancorp’s annual revenue grew an average of 20.9%, and its return on equity has averaged 20.0%. Over the past 10 years UNIB’s revenue growth has averaged 26.0% and our return on equity has averaged 24.2%.  This puts University Bancorp in an elite group of public companies with long term growth rates averaging over 20% and returns on equity averaging over 20%. Common Shareholders’ equity has grown from $3.0 million in 2004 to $126.4 million this year.  Total shareholders’ equity is now $151.4 million.

10-Year UNIB Investor Summary

University Bancorp is a Federal Reserve regulated financial holding company that owns:

• 100% of University Bank, an FDIC-insured bank based in Ann Arbor, Michigan;
• 100% of Bank of Whittier, N.A., an FDIC-insured national bank based in Whittier, California;
• 100% of Crescent Assurance, PCC, a captive insurance company licensed in Washington DC; and
• 100% of Hyrex Servicing, a master mortgage servicing firm, based in Ann Arbor, Michigan.

The members of University Bank’s corporate family, ranked by their size of revenues are:

• UIF, a faith-based banking firm based in Southfield, MI;
• University Lending Group, a retail residential mortgage originator based in Clinton Township, MI;
• Midwest Loan Services, a residential mortgage subservicer based in Hancock, MI;
• Community Banking, based in Ann Arbor, MI;
• Ann Arbor Insurance Centre, an independent insurance agency based in Ann Arbor.
• Mortgage Warehouse Lending, a mortgage warehouse lender based in Southfield, MI.

UIF, our faith-based lending subsidiary, serves the large number of Muslim, Hindu, Jewish, and Christian customers who have an ethical aversion to paying or receiving interest.

University Lending Group, our nationwide retail mortgage lending division, specializes in providing Federal Housing Administration loans and Veterans Administration loans, a mortgage lending niche that offers important and unique benefits to our veterans.

The credit union industry is gaining market share from all other financial institutions. University Bancorp offers investors one of the few ways to invest in this ongoing growth of the credit union sector. Midwest Loan Services, a division of University Bank, currently subservices over $36 billion in mortgage loans. Midwest is a business process outsourcer of mortgage services to over 4.9% of the 4,631 credit unions in the U.S. It also serves a growing number of community banks and independent mortgage bankers. The American Bankers Association, through its Corporation for American Banking subsidiary, has endorsed Midwest to provide residential mortgage subservicing services to member banks and their borrowers nationwide. Midwest is known for friendly, responsive service and state of the art technology that help lenders retain customers, reduce costs and ensure regulatory and operational compliance.

Community Banking provides traditional community banking services in the Ann Arbor area.

Ann Arbor Insurance Centre, an independent insurance agency, represents 54 insurance companies, and is licensed in 25 states nationwide.

Mortgage Warehouse Lending, provides mortgage warehouse loans to independent mortgage banks nationwide.

Key Manager Statement

“We are a leader in the financial services industry with profitable and dynamically growing businesses, well positioned for the future. Our financial services firm has a market capitalization today of only $148.9 million. Learn more about our story, our track record of successful innovation and what the future holds for us.”

Stephen Lange Ranzini
President & CEO
Click to view Bio of Stephen Lange Ranzini

Key Statistics:

• Shares Outstanding: 5,651,572
• Shares in Free Float: 2,896,451
• Shares Outstanding, Fully Diluted 6,481,853 (assumes the conversion at $19.05 per share of Castle Creek’s $25,000,000 perpetual convertible preferred shares)

Click here to view/download the University Bancorp Investor Presentation

University Bancorp, Inc. Investor Relations Contact:

Stephen Lange Ranzini,
President & CEO
2015 Washtenaw Avenue,
Ann Arbor, Michigan 48104
Phone: (734) 741-5858 Ext 9226
Fax: (734) 741-5859

CAUTIONARY STATEMENT: Our website contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. These forward-looking statements reflect the Company’s current views with respect to future events. Forward-looking statements include, but are not limited to, statements concerning future growth in assets, future profitability, efficiencies and economies of scale from mergers, the sustainability of past results, future products, valuations, economic, market or industry conditions, credit risks, vendor and technology related risks, and other expectations and/or goals. Such statements are subject to certain risks and uncertainties which could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, economic, competitive, governmental and technological factors affecting our operations, markets, products, services, interest rates and fees for services, or the operations of companies that we invest in. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date that our website or documents placed on the website were last updated. We undertake no obligation to update any information or forward-looking statement. All forward-looking statements, express or implied, herein are qualified in their entirety by this cautionary statement.
Required Regulatory Statement on Risk: The securities of University Bancorp have NO FDIC Insurance and carry RISK OF LOSS: The securities are not insured by the FDIC or the Bank. The securities are subject to investment risks, including the possible loss of the principal amount invested.