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United Bancorp MI (OTCBB:UBMI)
Total Equity
\$85.02 Mil (As of Mar. 2014)

United Bancorp MI's total equity for the quarter that ended in Mar. 2014 was \$85.02 Mil.

Total equity is used to calculate book value per share. United Bancorp MI's book value per share for the quarter that ended in Mar. 2014 was \$6.66. The ratio of a companys debt over equity can be used to measure how leveraged this company is. United Bancorp MI's debt to equity ratio for the quarter that ended in Mar. 2014 was 0.23.

Definition

Total Equity refers to the net assets owned by shareholders.

Total Equity and Total Liabilities are the two components for Total Assets.

United Bancorp MI's Total Equity for the fiscal year that ended in Dec. 2013 is calculated as

 Total Equity = Total Assets(Q: Mar. 2014 ) - Total Liabilities(Q: Mar. 2014 ) = 899.029 - 816.818 = 82.21

United Bancorp MI's Total Equity for the quarter that ended in Mar. 2014 is calculated as

 Total Equity = Total Assets(Q: Mar. 2014 ) - Total Liabilities(Q: Mar. 2014 ) = 921.816 - 836.794 = 85.02

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Explanation

1. Total equity is used to calculate book value per share.

United Bancorp MI's Book Value Per Share for the quarter that ended in Mar. 2014 is

 Book Value per Share = (Total Shareholders Equity - Preferred Stock) / Total Shares Outstanding = (85.022 - 0) / 12.76 = 6.66

2. The ratio of a companys debt over equity can be used to measure how leveraged this company is.

United Bancorp MI's Debt to Equity Ratio for the quarter that ended in Mar. 2014 is

 Debt to Equity = Total Debt / Total Equity = (Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity = (0 + 19.961) / 85.022 = 0.23

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

United Bancorp MI Annual Data

 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Total Equity 62.22 67.62 74.54 72.97 69.45 80.87 92.70 93.77 97.40 82.21

United Bancorp MI Quarterly Data

 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Total Equity 93.77 94.27 95.11 96.84 97.40 99.00 98.40 90.64 82.21 85.02
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