University Bancorp (University Bancorp) Total Assets : $794.24 Mil (As of Dec. 2022)

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What is University Bancorp Total Assets?

University Bancorp's Total Assets for the quarter that ended in Dec. 2022 was $794.24 Mil.

Warning Sign:

If a company builds assets at 37.5% a year, faster than its revenue growth rate of 20.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, University Bancorp's average Total Assets Growth Rate was 75.70% per year. During the past 3 years, the average Total Assets Growth Rate was 41.90% per year. During the past 5 years, the average Total Assets Growth Rate was 37.50% per year. During the past 10 years, the average Total Assets Growth Rate was 22.10% per year.

During the past 13 years, University Bancorp's highest 3-Year average Total Assets Growth Rate was 41.90%. The lowest was -15.90%. And the median was 9.20%.

Total Assets is connected with ROA %. University Bancorp's annualized ROA % for the quarter that ended in Dec. 2022 was 0.59%. Total Assets is also linked to Revenue through Asset Turnover. University Bancorp's Asset Turnover for the quarter that ended in Dec. 2022 was 0.13.

University Bancorp Total Assets Historical Data

The historical data trend for University Bancorp's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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University Bancorp Total Assets Chart

University Bancorp Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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247.02

361.96

557.68

500.38

794.24

University Bancorp Semi-Annual Data
	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Total Assets	Get a 7-Day Free Trial															247.02	361.96	557.68	500.38	794.24

University Bancorp Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

University Bancorp's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	87.921	+	706.314
	=	794.24

University Bancorp's Total Assets for the quarter that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2022 )	+	Total Liabilities (Q: Dec. 2022 )
	=	87.921	+	706.314
	=	794.24

University Bancorp (OTCPK:UNIB) Total Assets Explanation

Total Assets is connected with ROA %.

University Bancorp's annualized ROA % for the quarter that ended in Dec. 2022 is

ROA %	=	Net Income (Q: Dec. 2022 )	/	( (Total Assets (Q: Dec. 2021 )	+	Total Assets (Q: Dec. 2022 ))	/ count )
	=	3.789	/	( (500.384	+	794.235)	/ 2 )
	=	3.789	/	647.3095
	=	0.59 %

Note: The Net Income data used here is one times the annual (Dec. 2022) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

University Bancorp's Asset Turnover for the quarter that ended in Dec. 2022 is

	Asset Turnover
=	Revenue (Q: Dec. 2022 )	/	( (Total Assets (Q: Dec. 2021 )	+	Total Assets (Q: Dec. 2022 ))	/ count )
=	86.423	/	( (500.384	+	794.235)	/ 2 )
=	86.423	/	647.3095
=	0.13

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

University Bancorp Total Assets Related Terms

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University Bancorp (University Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » University Bancorp Inc (OTCPK:UNIB) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

2015 Washtenaw Avenue, Ann Arbor, MI, USA, 48104

Website

https://www.university-bank.com

University Bancorp Inc is a holding company of University Bank (the Bank). It is a full-service community bank, which offers all customary banking services, including the acceptance of checking, savings and time deposits. The bank also makes commercial, real estate, personal, home improvement, automotive and another installment, credit card, and consumer loans, and provides fee-based services such as foreign currency exchange. The company's customer base is primarily located in the Ann Arbor, Michigan metropolitan statistical area. Its segments include The Bank & Midwest (community banking & servicing), ULG (mortgage banking), and UIF (faith-based lending).

Executives

Nicholas K Fortson	officer: CFO	959 MAIDEN LANE, ANN ARBOR MI 48105
Jove Corp	other: Affiliate of majority owner	3220 COOLIDGE HWY, BERKLEY MI 48072
Joseph Lange Ranzini	director, 10 percent owner	959 MAIDEN LANE, ANN ARBOR MI 48105
Stephen Lange Ranzini	director, 10 percent owner, officer: President & CEO	959 MAIDEN LANE, ANN ARBOR MI 48105
Mildred Lange Ranzini	10 percent owner	43 SWEETWATER, BELLE MEAD NJ 08502