University Bancorp, Inc. (UNIB)

University Bancorp Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	25.12	85.67	96.92	199.85	96.77
Investment Securities	23.39	14.26	3.86	0.15	-
Trading Asset Securities	0.99	1.57	2.98	8.08	1.69
Mortgage-Backed Securities	0.05	0.06	-	-	-
Total Investments	24.43	15.89	6.85	8.22	1.69
Gross Loans	734.1	557.51	194.24	119.31	79.31
Allowance for Loan Losses	-4.43	-3.56	-3.57	-3.98	-0.39
Other Adjustments to Gross Loans	-	-0.06	-0.21	-0.51	-0.97
Net Loans	729.67	553.89	190.46	114.82	77.95
Property, Plant & Equipment	12.59	12.05	14.2	13.49	14.77
Goodwill	0.42	0.42	0.42	0.42	0.36
Other Intangible Assets	0.38	0.44	0.51	0.57	-
Loans Held for Sale	63.88	64.78	137.89	187.18	123.33
Accrued Interest Receivable	3.18	2.15	0.6	0.4	0.56
Other Receivables	5.86	8.24	5.07	7.38	2.58
Restricted Cash	-	-	0.62	0.51	17.46
Other Current Assets	7.22	5.5	3.4	2.08	1.59
Other Real Estate Owned & Foreclosed	0.59	-	-	-	-
Other Long-Term Assets	52.25	40.91	42.34	21.64	24.24
Total Assets	931.63	794.24	500.38	557.68	361.96
Accounts Payable	1.21	1.22	2.62	1.74	1.43
Accrued Expenses	5.17	4.03	7.01	9.4	3.09
Interest Bearing Deposits	286.94	258.27	17.08	15.29	11.64
Institutional Deposits	12.59	1.07	0.63	0.35	0.33
Non-Interest Bearing Deposits	375.46	346.44	344.37	419.81	287.51
Total Deposits	674.99	605.78	362.07	435.45	299.47
Short-Term Borrowings	5.69	14.57	17.2	16.95	2.3
Current Portion of Long-Term Debt	-	-	0.01	-	-
Current Portion of Leases	0.9	-	-	-	-
Accrued Interest Payable	1.85	0.74	0	0	0
Other Current Liabilities	-	-	-	0.72	-
Long-Term Debt	132.4	64.13	1.52	1.57	1.6
Long-Term Leases	3.26	3.06	4.12	4.48	5.09
Long-Term Deferred Tax Liabilities	8.93	6.91	9.92	7.04	4.97
Other Long-Term Liabilities	2.65	5.61	9.98	17.42	6.99
Total Liabilities	837.05	706.04	414.46	494.76	324.95
Preferred Stock, Convertible	-	0	0	0	0
Preferred Stock, Other	-	0.27	0.1	0.23	0.08
Total Preferred Equity	-	0.27	0.1	0.23	0.08
Common Stock	0.05	0.05	0.05	0.05	0.05
Additional Paid-In Capital	7.98	10.15	10.15	12.43	12.37
Retained Earnings	76.28	70.99	69.67	48.11	21.13
Treasury Stock	-0.34	-2.51	-2.87	-3.99	-
Comprehensive Income & Other	-0	-0	0	0	0
Total Common Equity	83.97	78.68	77	56.59	33.55
Minority Interest	10.61	9.24	8.81	6.09	3.38
Shareholders' Equity	94.58	88.19	85.92	62.91	37.01
Total Liabilities & Equity	931.63	794.24	500.38	557.68	361.96
Total Debt	142.26	81.76	22.86	23	8.99
Net Cash (Debt)	-116.15	5.49	77.04	184.93	89.47
Net Cash Growth	-	-92.88%	-58.34%	106.69%	10.84%
Net Cash Per Share	-23.53	1.11	15.77	35.47	17.12
Filing Date Shares Outstanding	5.17	4.93	4.89	4.77	5.2
Total Common Shares Outstanding	5.17	4.93	4.89	4.77	5.2
Book Value Per Share	16.24	15.96	15.75	11.88	6.45
Tangible Book Value	83.16	77.82	76.07	55.6	33.2
Tangible Book Value Per Share	16.09	15.79	15.56	11.67	6.38

Source: S&P Global Market Intelligence. Banks template. Financial Sources.