Category Archives : Quarterly Report

United Bank and Trust- Third Quarter Results

United Bank and Trust just announced its third quarter results.  For the first time in several quarters it announced a profit for the quarter For the third quarter, the bank showed a profit of just over $1M ($1.027M to be exact).  Of course a quarter million dollars of that profit had to march off to […]

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United Bank and Trust- 2010 Q2 Results

Today, United Bank and Trust Michigan reported its 2010 Second quarter Financial Results.  Below are the key items and my comments. Income Statement Items Interest Revenue: $10.0M Non Interest Revenue: $3.7M Total Expense (excluding Loan Loss): $10.6M Loan Loss Expense: $8.7 M Net Loss: $3.5M Balance Sheet Items Interest Bearing Deposits with Banks: $54.7M (Down […]

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United Bank and Trust Q2 Results- Delayed

Howdy, Since late July, I have been looking for United Bank and Trust’s Q2 results.  The bank usually posts its results about 30 days after the close of the quarter.  In addition, you’ll remember that the bank must improve its capital ratio (by selling about $8M in stock), and the target date for that (July […]

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UBT 2010 Q1 Results

Today, UBT issued its 2010 Q1 results.  When I get a chance, I’ll take a closer look at them, but click the link to go to results published on the SEC website. Just a few things I noticed after I took a quick look at the results: Loan Loss Expense was $4.8M and Write offs […]

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