University Bank, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

University Bank is an FDIC insured, locally owned and locally managed Community Bank primarily serving the cities of Ann Arbor and Ypsilanti of Washtenaw County, Michigan. The Community Banking operation focuses on local businesses, local residents, minorities and non-profit organizations. Other Community Banking specialties include highly competitive deposit products, residential and commercial real estate mortgage lending and business loans. Insurance is also available to its customers through wholly owned subsidiary Ann Arbor Insurance Centre, Inc.

University Bank is owned by University Bancorp and was initially chartered as The Newberry State Bank located in Newberry, Michigan in the Upper Peninsula. While the bank was founded in 1890, a bank holding company owned by Stephen Lange Ranzini and Joseph Ranzini acquired controlling interest in the bank in 1988.

University Bank
2015 Washtenaw Avenue
Ann Arbor MI 48104
Phone: (734) 741 5858
Fax: (734) 741 5859