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Universal Financial Corp.

Salt Lake City, UT · Cert 26243

FDIC

Q3 2006

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2006, the quarter ended September 30, 2006, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Universal Financial Corp.

Salt Lake City, UT · Cert 26243

FDIC

Q3 2006

$508.3MAssets
$511.7MLoans
$355.3MDeposits
$119.8MEquity
Deposit mix
100%Interest-bearing $353.6M0%Noninterest $1.7MQ3 2005Q3 2006

NIM

13.46%Q3 ’0414.96%Q3 ’0517.76%Q3 ’06+3%+8%

Non-interest income vs. expense

2.89%Q3 ’042.73%Q3 ’053.00%Q3 ’06+6%-19%

Executive Summary

  • Earnings: ROA of 7.21%, up 88 bps year over year; NIM at 14.01%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 5.58%.
  • Funding: loans stand at 144.00% of deposits as of Q3 2006.

Financial Results

Return on Assets (YTD, annualized)

7.21%+88 bps YoY

Net Interest Margin (YTD, annualized)

14.01%+100 bps YoY

Efficiency Ratio (YTD, annualized)

14.98%+4 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets6.33%5.95%6.90%7.00%7.21%+88 bps
Return on Equity24.37%24.88%39.86%38.01%36.69%+1,232 bps
Net Interest Margin13.01%13.46%13.43%13.52%14.01%+100 bps
Efficiency Ratio14.93%15.11%14.88%14.66%14.98%+4 bps
Non-Interest Burden-2.53%-2.69%-2.79%-3.14%-3.00%-48 bps
Growth
Asset Growth (YoY)15.63%13.22%6.92%-13.77%-14.37%-3,000 bps
Loan Growth (YoY)14.27%11.41%12.09%-13.85%-14.13%-2,840 bps
Deposit Growth (YoY)2.76%5.77%12.76%23.44%17.02%+1,426 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans6.32%7.09%5.36%5.30%5.58%-74 bps
Allowance / Loans7.83%8.19%8.67%8.77%9.12%+129 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital28.52%17.52%20.41%22.41%25.20%-332 bps
Equity / Assets26.78%15.94%18.76%20.76%23.56%-322 bps
Liquidity & Funding
Loans / Deposits196.24%173.25%143.13%143.42%144.00%-5,224 bps
Liquid Assets / Assets3.91%3.94%3.95%3.94%0.00%-391 bps
CRE / Total Capitaln/an/an/an/an/an/an/a