University Bancorp Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	14.31	29.53	25.12	85.67	96.92	199.85
Investment Securities	119.98	13.25	23.39	14.26	3.86	0.15
Trading Asset Securities	0.61	1.74	0.99	1.57	2.98	8.08
Mortgage-Backed Securities	-	2.5	0.05	0.06	-	-
Total Investments	120.59	17.49	24.43	15.89	6.85	8.22
Gross Loans	-	782.71	734.1	557.51	194.24	119.31
Allowance for Loan Losses	-	-5.08	-4.43	-3.56	-3.57	-3.98
Other Adjustments to Gross Loans	-	-	-	-0.06	-0.21	-0.51
Net Loans	-	777.63	729.67	553.89	190.46	114.82
Property, Plant & Equipment	-	13.05	12.59	12.05	14.2	13.49
Goodwill	-	0.32	0.42	0.42	0.42	0.42
Other Intangible Assets	-	0.32	0.38	0.44	0.51	0.57
Loans Held for Sale	-	54.66	63.88	64.78	137.89	187.18
Accrued Interest Receivable	-	3.69	3.18	2.15	0.6	0.4
Other Receivables	0.66	7.22	5.86	8.24	5.07	7.38
Restricted Cash	-	-	-	-	0.62	0.51
Other Current Assets	1.35	7.69	7.22	5.5	3.4	2.08
Other Real Estate Owned & Foreclosed	-	-	0.59	-	-	-
Other Long-Term Assets	-	62.38	52.25	40.91	42.34	21.64
Total Assets	136.91	980.01	931.63	794.24	500.38	557.68
Accounts Payable	-	1.54	1.21	1.22	2.62	1.74
Accrued Expenses	-	7.63	5.17	4.03	7.01	9.4
Interest Bearing Deposits	-	321.56	286.94	258.27	17.08	15.29
Institutional Deposits	-	22.58	12.59	1.07	0.63	0.35
Non-Interest Bearing Deposits	-	371.32	375.46	346.44	344.37	419.81
Total Deposits	-	715.45	674.99	605.78	362.07	435.45
Short-Term Borrowings	43	-	5.69	14.57	17.2	16.95
Current Portion of Long-Term Debt	-	-	-	-	0.01	-
Current Portion of Leases	-	0.84	-	-	-	-
Accrued Interest Payable	0.62	2.1	1.85	0.74	0	0
Other Current Liabilities	0.04	0.52	-	-	-	0.72
Long-Term Debt	-	132.06	132.4	64.13	1.52	1.57
Long-Term Leases	-	2.94	4.17	3.06	4.12	4.48
Long-Term Deferred Tax Liabilities	-	8.73	8.93	6.91	9.92	7.04
Other Long-Term Liabilities	-	2.65	2.65	5.61	9.98	17.42
Total Liabilities	43.77	874.45	837.05	706.04	414.46	494.76
Preferred Stock, Convertible	-	-	-	0	0	0
Preferred Stock, Other	-	-	-	0.27	0.1	0.23
Total Preferred Equity	-	-	-	0.27	0.1	0.23
Common Stock	0.05	0.05	0.05	0.05	0.05	0.05
Additional Paid-In Capital	7.98	7.98	7.98	10.15	10.15	12.43
Retained Earnings	84.96	85.2	76.28	70.99	69.67	48.11
Treasury Stock	-0.34	-0.34	-0.34	-2.51	-2.87	-3.99
Comprehensive Income & Other	0.48	0.7	-0	-0	0	0
Total Common Equity	93.13	93.59	83.97	78.68	77	56.59
Minority Interest	-	11.96	10.61	9.24	8.81	6.09
Shareholders' Equity	93.13	105.55	94.58	88.19	85.92	62.91
Total Liabilities & Equity	136.91	980.01	931.63	794.24	500.38	557.68
Total Debt	43	135.84	142.26	81.76	22.86	23
Net Cash (Debt)	-28.09	-104.57	-116.15	5.49	77.04	184.93
Net Cash Growth	-	-	-	-92.88%	-58.34%	106.69%
Net Cash Per Share	-	-20.23	-23.53	1.11	15.77	35.47
Filing Date Shares Outstanding	-	5.17	5.17	4.93	4.89	4.77
Total Common Shares Outstanding	-	5.17	5.17	4.93	4.89	4.77
Book Value Per Share	-	18.10	16.24	15.96	15.75	11.88
Tangible Book Value	93.13	92.95	83.16	77.82	76.07	55.6
Tangible Book Value Per Share	-	17.98	16.09	15.79	15.56	11.67

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