University Bancorp, Inc. · OTC:UNIB
University Bancorp — Investor Presentation (September 2022)
13 slides from University Bancorp's investor presentation, September 2022
Slide 1: University Bancorp & University Bank Investor Presentation
University Bancorp & University Bank Investor Presentation Stephen Lange Ranzini President & CEO, University Bancorp ((734) 741-5858 ext 9226 * ranzini@university-bank.com :www.university-bank.com/bancorp.htm December 2021
Slide 2: About University Bancorp
About University Bancorp • University Bancorp, Inc. (UNIB) is the holding company for University Bank, an Ann Arbor based community bank with $475 million in assets as of March 31st, 2022. • UNIB has $79 million in book equity capital, $15.36 per fully diluted common shares at March 31st, 2022. • UN
Slide 3: Our Business Model
Our Business Model • University’s business model includes substantial mortgage loan subservicing and loan origination operations combined with traditional community banking. • University’s Retail Mortgage Operations are designed to be sustainable and profitable, with a hyper focus on purchase, new co
Slide 4: What Our Business Model Provides
What Our Business Model Provides • Our business model provides UNIB with a low cost of funds which we believe to be an important competitive advantage compared with traditional banks. • Over the quarter our mortgage subservicing business generated an average monthly balance of $459 million of non-in
Slide 5: Our Balance Sheet Breakdown – Average Assets
Our Balance Sheet Breakdown – Average Assets Page 5
Slide 6: Our Balance Sheet Breakdown – Average Liabilities
Our Balance Sheet Breakdown – Average Liabilities • UNIB’s low cost of funds allows us to generate growth without utilizing outside financing and other debt instruments. • The non-interest bearing deposits relate to mortgage servicing and origination activity and fund the day to day operations of Un
Slide 7: Mortgage Servicing – Fueling Growth
Mortgage Servicing – Fueling Growth • The increase in loan growth from internal originations and our sub-servicing clients has led our serviced loan count to increase 3% from Q1 2021 – Q1 2022. Mortgage Unpaid Principal Balance serviced & sub-serviced increased $2.9B YoY, or 8.5%. • Our mortgage ser
Slide 8: UNIB's Mortgage Origination Channels
UNIB’s Mortgage Origination Channels • UNIB’s Retail Mortgage Operations, which are focused on purchase transactions, originating a combined $364MM loans in 2022 (excludes reverse mortgages). • University Lending Group (“ULG”) - Government, Conventional & HELOC Mortgage Origination • Originated $207
Slide 9: UNIB's Retail Mortgage – A proven model
UNIB’s Retail Mortgage – A proven model • Retail Mortgage Originations shrank 32% from Q1 2021 to Q1 2022. Factors are a decrease in both refinance and purchase transactions, market seasonality and increasing mortgage rates. Page 9
Slide 10: Virtuous Cycle of Funding Advantage
Virtuous Cycle of Funding Advantage $475 million of average monthly escrow deposits (T&I) $37 billion of contract Internal warehouse lines subservicing rights ($2 billion of originations per annum) Monthly loan originations sold into market Page 10
Slide 11: Industry Awards
Industry Awards § ULG the #1 Residential Lender with local offices in Washtenaw County (Ann Arbor), Michigan. Tied for #1 Residential Lender in Florida Panhandle § Bank Director magazine selected us as a top performing U.S. bank. We are very proud to be honored among all banks in the U.S. as having th
Slide 12: Valuation Summary – Year End 2021
Valuation Summary –Year End 2021 Page 12
Slide 13: Questions?
Questions? •FAQ list at www.university-bank.com/bancorp.htm •Press Releases •Newspaper & Magazine Articles •Comprehensive Data •Contact me: Stephen Lange Ranzini, President & CEO: ((734) 741-5858 xt 9226 * ranzini@university-bank.com CAUTIONARY STATEMENT: This Executive Summary contains certain forw
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