Category Archives : Shareholder Meeting

United Bank and Trust-2010 Financial Results

Several weeks ago, United Bank and Trust published its 2010 financial results.  Though there were a few positives, overall, I'd say that the results were in line with last year.  The bank lost $3.7M in 2010 compared to a loss of $8.8M in 2009, though adjusting for the almost $3.5M in goodwill writeoff in 2009, […]

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United Bank and Trust- Shareholder Meeting Tomorrow

For anyone who does not know, tomorrow there is a United Bank and Trust shareholder meeting.  The details are as follows: Date: September 23, 2010 Time: 4:30 PM Location: Downing Center, 209 E. Russell Road, Tecumseh, MI 49286 If you are able to attend, I encourage you to attend. Summary of the issue:  The main […]

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2009 UBT Financial Results Analysis

Here is the second video discussing UBT’s 2009 results.  Here I talk about the Banks’s 2009 Year end Balance Sheet, I forecast the bank’s 2010 core earnings and begin the discussion of Loan Loss Expense. As I’ve mentioned elsewhere, Core earnings is total earnings before Loan Loss expense.  It’s important to estimate Loan loss espense […]

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UBT 2009 Shareholder Meeting- 2009 Income Analysis

Hello, My first attempt to add video did not work, so now I’ll try again.  I’ve downloaded a 9 minute video that briefly analyzes United Bancorp’s 2009 income statement.  It takes a while to produce these, so I’ll do another tomorrow. In tomorrow’s video, I’ll talk about the 2009 Balance Sheet, and the Income Trends looking at 2010. […]

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2009 UBT Shareholder Meeting Report

I attended the UBT Shareholder meeting yesterday at the Hickman Center on Russell Road.  As I mentioned in earlier posts, I don’t know everything, and I wanted to learn more so I’d write my thoughts hoping to learn more.  Yesterday I did learn more.  I was most interested in better understanding the Capital and Loan […]

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2009 Shareholder Meeting (#2)

The Shareholder meeting will occur tomorrow April 27 as follows: Time:  4:30 PM Location: Downing Center, 209 E. Russell Road, Tecumseh, MI 49286 You might try to attend if you can. I’ve spent a little time looking at the 2009 Annual Report and the 2010 Q1 report.  I used to have a few more questions, […]

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2009 Shareholder Meeting (#1)

In one week, UBT will host it’s annual shareholder meeting.  I will try to attend. During the next week, I’ll come up with a list of questions that I want to ask, and  I’ll post them here.  I hope that if I’m not there, somebody will ask them about these issues. Here are some of […]

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