U & I Financial Corp. Reports Second Quarter 2025 Financial Results
U & I Financial Corp. (OTCQX:UNIF) reported significant financial improvements in Q2 2025, with net income of $757,000 ($0.14 per share), compared to a net loss of $827,000 in Q2 2024. The company recorded a negative provision for credit losses of $2.2 million, a substantial improvement from the $3.0 million provision expense last year.
Total assets decreased by 28.5% to $409.6 million, while net loans fell 28.8% to $314.3 million. Deposits declined by 20.6% to $358.9 million. Notably, the bank's capital ratios improved significantly, reaching "well capitalized" status with Tier 1 Leverage Ratio at 7.18%, Tier 1 Risk-Based Capital Ratio at 9.22%, and Total Risk-Based Capital Ratio at 10.43%.
Credit quality showed improvement with non-accrual loans decreasing to $5.6 million from $10.2 million in the previous quarter, and the nonperforming assets ratio improved to 1.36% from 2.31%.
U & I Financial Corp. (OTCQX:UNIF) ha riportato importanti miglioramenti finanziari nel secondo trimestre del 2025, con un utile netto di 757.000 dollari (0,14 dollari per azione), rispetto a una perdita netta di 827.000 dollari nel secondo trimestre del 2024. La società ha registrato una provision negativa per perdite su crediti di 2,2 milioni di dollari, un notevole miglioramento rispetto alla spesa per la provision di 3,0 milioni di dollari dell'anno precedente.
Gli attivi totali sono diminuiti del 28,5% a 409,6 milioni di dollari, mentre i prestiti netti sono scesi del 28,8% a 314,3 milioni di dollari. I depositi sono calati del 20,6% a 358,9 milioni di dollari. In modo significativo, i coefficienti patrimoniali della banca sono migliorati notevolmente, raggiungendo lo status di "ben capitalizzata" con un Tier 1 Leverage Ratio al 7,18%, un Tier 1 Risk-Based Capital Ratio al 9,22% e un Total Risk-Based Capital Ratio al 10,43%.
La qualità del credito è migliorata con i prestiti non produttivi che sono diminuiti a 5,6 milioni di dollari dai 10,2 milioni del trimestre precedente, e il rapporto degli attivi non performanti è migliorato all'1,36% dal 2,31%.
U & I Financial Corp. (OTCQX:UNIF) reportó mejoras financieras significativas en el segundo trimestre de 2025, con un ingreso neto de 757,000 dólares (0.14 dólares por acción), en comparación con una pérdida neta de 827,000 dólares en el segundo trimestre de 2024. La compañía registró una provisión negativa para pérdidas crediticias de 2.2 millones de dólares, una mejora sustancial respecto a la provisión de gastos de 3.0 millones del año anterior.
Los activos totales disminuyeron un 28.5% hasta 409.6 millones de dólares, mientras que los préstamos netos cayeron un 28.8% a 314.3 millones de dólares. Los depósitos bajaron un 20.6% a 358.9 millones de dólares. Notablemente, los índices de capital del banco mejoraron significativamente, alcanzando el estatus de "bien capitalizado" con un índice de apalancamiento Tier 1 del 7.18%, un índice de capital basado en riesgo Tier 1 del 9.22% y un índice total de capital basado en riesgo del 10.43%.
La calidad crediticia mostró mejoría, con préstamos en mora que disminuyeron a 5.6 millones de dólares desde 10.2 millones en el trimestre anterior, y la tasa de activos no productivos mejoró al 1.36% desde 2.31%.
U & I Financial Corp. (OTCQX:UNIF)는 2025년 2분기에 큰 재무 개선을 보고했으며, 순이익은 757,000달러(주당 0.14달러)로 2024년 2분기 순손실 827,000달러에서 크게 개선되었습니다. 회사는 220만 달러의 신용손실충당금 환입을 기록했으며, 이는 작년 300만 달러 충당금 비용에서 크게 개선된 수치입니다.
총 자산은 28.5% 감소한 4억 960만 달러를 기록했고, 순대출금은 28.8% 감소한 3억 1,430만 달러였습니다. 예금은 20.6% 감소한 3억 5,890만 달러로 나타났습니다. 특히 은행의 자본 비율이 크게 개선되어 Tier 1 레버리지 비율 7.18%, Tier 1 위험기반 자본 비율 9.22%, 총 위험기반 자본 비율 10.43%로 '충분한 자본 보유' 상태에 도달했습니다.
신용 품질도 개선되어 부실 대출이 이전 분기 1,020만 달러에서 560만 달러로 감소했고, 부실 자산 비율은 2.31%에서 1.36%로 개선되었습니다.
U & I Financial Corp. (OTCQX:UNIF) a annoncé des améliorations financières significatives au deuxième trimestre 2025, avec un bénéfice net de 757 000 $ (0,14 $ par action), contre une perte nette de 827 000 $ au deuxième trimestre 2024. La société a enregistré une provision négative pour pertes sur crédits de 2,2 millions de dollars, une amélioration substantielle par rapport à la charge de provision de 3,0 millions de dollars de l'année précédente.
Le total des actifs a diminué de 28,5 % pour s'établir à 409,6 millions de dollars, tandis que les prêts nets ont chuté de 28,8 % à 314,3 millions de dollars. Les dépôts ont baissé de 20,6 % à 358,9 millions de dollars. Notamment, les ratios de capital de la banque se sont nettement améliorés, atteignant un statut de « bien capitalisée » avec un ratio de levier Tier 1 à 7,18 %, un ratio de fonds propres réglementaires Tier 1 pondéré par les risques à 9,22 % et un ratio de fonds propres réglementaires total pondéré par les risques à 10,43 %.
La qualité du crédit s'est améliorée avec une baisse des prêts non productifs à 5,6 millions de dollars contre 10,2 millions de dollars au trimestre précédent, et le ratio d'actifs non performants s'est amélioré à 1,36 % contre 2,31 %.
U & I Financial Corp. (OTCQX:UNIF) meldete im zweiten Quartal 2025 bedeutende finanzielle Verbesserungen mit einem Nettogewinn von 757.000 USD (0,14 USD je Aktie) im Vergleich zu einem Nettoverlust von 827.000 USD im zweiten Quartal 2024. Das Unternehmen verzeichnete eine negative Rückstellung für Kreditausfälle von 2,2 Millionen USD, eine deutliche Verbesserung gegenüber den Rückstellungskosten von 3,0 Millionen USD im Vorjahr.
Die Gesamtaktiva sanken um 28,5 % auf 409,6 Millionen USD, während die Nettokredite um 28,8 % auf 314,3 Millionen USD zurückgingen. Die Einlagen verringerten sich um 20,6 % auf 358,9 Millionen USD. Bemerkenswert ist die deutliche Verbesserung der Kapitalquoten der Bank, die den Status "gut kapitalisiert" erreichten, mit einer Tier-1-Leverage-Ratio von 7,18 %, einer Tier-1-Risikobasierten-Kapitalquote von 9,22 % und einer Gesamtrisikobasierten-Kapitalquote von 10,43 %.
Die Kreditqualität verbesserte sich, da notleidende Kredite von 10,2 Millionen USD im Vorquartal auf 5,6 Millionen USD zurückgingen und die Quote notleidender Vermögenswerte sich von 2,31 % auf 1,36 % verbesserte.
- Return to profitability with $757,000 net income vs previous year's loss
- Achieved 'well capitalized' status with improved capital ratios
- Significant reduction in non-accrual loans from $10.2M to $5.6M
- Improvement in nonperforming assets ratio from 2.31% to 1.36%
- Total assets declined 28.5% year-over-year to $409.6M
- Net loans decreased 28.8% to $314.3M
- Deposits fell 20.6% to $358.9M
- Net charge-off of $903,000 in Q2 2025
LYNNWOOD, WA / ACCESS Newswire / July 31, 2025 / U & I Financial Corp. (OTCQX:UNIF), the holding company ("Company") for UniBank ("Bank"), today reported quarterly Net Income of
At June 30, 2025, Total Assets were
The Company had a Net Charge Off of
The Bank's capital ratios were
"Due to our credit improvement and deleveraging efforts, we returned to being 'well capitalized' as provided in the regulatory guidelines in the second quarter 2025. We also started to see improved credit metrics, reflecting all of the hard work by our credit team," said President & CEO Stephanie Yoon. "We thank our shareholders and customers for their patience and loyalty."
Non-GAAP Financial Metrics
This news release contains certain non-GAAP financial measure disclosures. Management believes these non-GAAP financial measures provide meaningful supplemental information regarding the Company's operational performance, credit quality and capital levels.
About U & I Financial Corp.
UniBank, the wholly owned subsidiary of U & I Financial Corp. (OTCQX:UNIF). Founded in 2006 and based in Lynnwood, Washington, the Bank serves small to medium-sized businesses, professionals, and individuals across the United States with a particular emphasis on government guaranteed loan programs. Customers can access their accounts in any of the four branches - Lynnwood, Bellevue, Federal Way and Tacoma - online, or through the Bank's ATM network.
For more information visit www.unibankusa.com or call (425) 275-9700.
Forward-Looking Statement Safe Harbor: This news release contains comments or information that constitutes forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations that involve a number of risks and uncertainties. Forward-looking statements describe the Company's projections, estimates, plans and expectations of future results and can be identified by words such as "believe," "intend," "estimate," "likely," "anticipate," "expect," "looking forward," and other similar expressions. They are not guarantees of future performance. Actual results may differ materially from the results expressed in these forward-looking statements, which because of their forward-looking nature, are difficult to predict. Investors should not place undue reliance on any forward-looking statement, and should consider factors that might cause differences including but not limited to compliance with the Written Agreement with the Federal Reserve Bank of San Francisco and the Washington Department of Financial Institutions; the result of litigation and investigations; the degree of competition by traditional and nontraditional competitors; declines in real estate markets, an increase in unemployment or sustained high levels of unemployment; changes in interest rates; adverse changes in local, national and international economies; the potential for new or increased tariffs; trade restrictions or geopolitical tensions that could affect economic activity or specific industry sectors, changes in the Federal Reserve's actions that affect monetary and fiscal policies; changes in legislative or regulatory actions or reform, including without limitation; the Dodd-Frank Wall Street Reform and Consumer Protection Act; demand for products and services; further declines in the quality of the loan portfolio that results in continued losses and our ability to succeed in our problem-asset resolution efforts; including, but not limited to, continued credit deterioration of commercial-equipment loans and future increases in the Provision for Credit Losses; the impact of technological advances; changes in tax laws; and other risk factors. U & I Financial Corp. undertakes no obligation to publicly update or clarify any forward-looking statement to reflect the impact of events or circumstances that may arise after the date of this release.
STATEMENT OF INCOME (LOSS) (Unaudited) | ||||||||||||||||||||
Jun-25 | Mar-25 | Jun-24 | Jun-25 | Jun-24 | ||||||||||||||||
(Dollars in thousands except EPS) | QTD | QTD | QTD | YTD | YTD | |||||||||||||||
Interest Income | $ | 5,935 | $ | 6,643 | $ | 9,362 | $ | 12,578 | $ | 18,647 | ||||||||||
Interest Expense | 3,250 | 3,906 | 4,769 | 7,156 | 9,467 | |||||||||||||||
Net Interest Income | 2,685 | 2,737 | 4,593 | 5,422 | 9,180 | |||||||||||||||
Provision for Credit Losses (Negative Provision) | (2,235 | ) | 3,104 | 2,966 | 869 | 2,966 | ||||||||||||||
Gain (Loss) on Loan Sales | - | - | 179 | - | 179 | |||||||||||||||
Loan Servicing Fees, Net of Amortization | (54 | ) | 123 | 175 | 69 | 359 | ||||||||||||||
Other Non-interest Income | 83 | 156 | 195 | 239 | 380 | |||||||||||||||
Non-interest Income | 29 | 279 | 549 | 308 | 918 | |||||||||||||||
Salaries & Benefits | 1,571 | 1,628 | 1,445 | 3,199 | 3,434 | |||||||||||||||
Occupancy Expense | 205 | 201 | 189 | 406 | 381 | |||||||||||||||
Other Expense | 1,512 | 1,249 | 1,629 | 2,761 | 2,813 | |||||||||||||||
Non-interest Expense | 3,288 | 3,078 | 3,263 | 6,366 | 6,628 | |||||||||||||||
Net Income (Loss) before Income Taxes | 1,661 | (3,166 | ) | (1,087 | ) | (1,505 | ) | 504 | ||||||||||||
Income Tax Expense (Benefit) | 904 | (1,093 | ) | (260 | ) | (189 | ) | 62 | ||||||||||||
Net Income (Loss) | $ | 757 | $ | (2,073 | ) | $ | (827 | ) | $ | (1,316 | ) | $ | 442 | |||||||
Total Outstanding Shares (in thousands) | 5,477 | 5,477 | 5,477 | 5,477 | 5,477 | |||||||||||||||
Basic Earnings (Loss) per Share | $ | 0.14 | $ | (0.38 | ) | $ | (0.15 | ) | $ | (0.24 | ) | $ | 0.08 | |||||||
Statement of Condition (Unaudited) | ||||||||||||||||||||
Jun-25 | Mar-25 | Jun-24 | Variance | Variance | ||||||||||||||||
(Dollars in thousands) | Qtr End | Qtr End | Qtr End | Prior Qtr | Prior Year | |||||||||||||||
Cash and Due from Banks | $ | 39,200 | $ | 22,564 | $ | 46,299 | $ | 16,636 | $ | (7,099 | ) | |||||||||
Investments | 45,293 | 47,090 | 50,996 | (1,797 | ) | (5,703 | ) | |||||||||||||
Loans Held for Sale | - | - | - | - | - | |||||||||||||||
Gross Loans | 318,109 | 366,427 | 459,196 | (48,318 | ) | (141,087 | ) | |||||||||||||
Allowance for Credit Losses (ACL) on Loans | (3,798 | ) | (6,991 | ) | (17,680 | ) | 3,193 | 13,882 | ||||||||||||
Net Loans | 314,311 | 359,436 | 441,516 | (45,125 | ) | (127,205 | ) | |||||||||||||
Fixed Assets | 5,649 | 5,791 | 6,140 | (142 | ) | (491 | ) | |||||||||||||
Deferred Tax Assets | 12,860 | 13,180 | 7,310 | (320 | ) | 5,550 | ||||||||||||||
Valuation Allowance | (12,294 | ) | (11,709 | ) | - | (585 | ) | (12,294 | ) | |||||||||||
Net Deferred Tax Assets | 566 | 1,471 | 7,310 | (905 | ) | (6,744 | ) | |||||||||||||
Other Assets | 4,565 | 5,585 | 20,366 | (1,020 | ) | (15,801 | ) | |||||||||||||
Total Assets | $ | 409,584 | $ | 441,937 | $ | 572,627 | $ | (32,353 | ) | $ | (163,043 | ) | ||||||||
Checking | $ | 66,367 | $ | 72,303 | $ | 88,860 | $ | (5,936 | ) | $ | (22,493 | ) | ||||||||
NOW | 3,977 | 5,984 | 10,925 | (2,007 | ) | (6,948 | ) | |||||||||||||
Money Market | 55,868 | 79,451 | 144,471 | (23,583 | ) | (88,603 | ) | |||||||||||||
Savings | 4,817 | 5,232 | 6,895 | (415 | ) | (2,078 | ) | |||||||||||||
Certificates of Deposit | 227,861 | 220,382 | 200,758 | 7,479 | 27,103 | |||||||||||||||
Total Deposits | 358,890 | 383,352 | 451,909 | (24,462 | ) | (93,019 | ) | |||||||||||||
Borrowed Funds | 20,000 | 29,000 | 54,000 | (9,000 | ) | (34,000 | ) | |||||||||||||
ACL on Off-Balance Sheet Credit Exposure | 123 | 68 | 2,176 | 55 | (2,053 | ) | ||||||||||||||
Other Liabilities | 2,345 | 1,810 | 3,387 | 535 | (1,042 | ) | ||||||||||||||
Total Liabilities | 381,358 | 414,230 | 511,472 | (32,872 | ) | (130,114 | ) | |||||||||||||
Shareholders' Equity | 28,226 | 27,707 | 61,155 | 519 | (32,929 | ) | ||||||||||||||
Total Liabilities & Equity | $ | 409,584 | $ | 441,937 | $ | 572,627 | $ | (32,353 | ) | $ | (163,043 | ) | ||||||||
Financial Ratios | ||||||||||||||||||||
Jun-25 | Mar-25 | Jun-24 | Jun-25 | Jun-24 | ||||||||||||||||
(Dollars in thousands except BVS) | QTD | QTD | QTD | YTD | YTD | |||||||||||||||
Performance Ratios | ||||||||||||||||||||
Return on Average Assets* | 0.73 | % | (1.73 | %) | (0.57 | %) | (0.65 | %) | 0.15 | % | ||||||||||
Return on Average Equity* | 11.13 | % | (28.13 | %) | (5.29 | %) | (10.21 | %) | 1.42 | % | ||||||||||
Net Interest Margin* | 2.64 | % | 2.35 | % | 3.21 | % | 2.48 | % | 3.16 | % | ||||||||||
Efficiency Ratio | 121.15 | % | 102.06 | % | 63.43 | % | 111.12 | % | 65.63 | % | ||||||||||
*Quarterly results are annualized | Well | Adequately | ||||||||||||||||||
Jun-25 | Mar-25 | Jun-24 | Capitalized | Capitalized | ||||||||||||||||
Capital | QTD | QTD | QTD | Minimum | Minimum | |||||||||||||||
Tier 1 Leverage Ratio** | 7.18 | % | 5.98 | % | 10.22 | % | 5.00 | % | 4.00 | % | ||||||||||
Common Equity Tier 1 Ratio** | 9.22 | % | 7.76 | % | 12.82 | % | 6.50 | % | 4.50 | % | ||||||||||
Tier 1 Risk-Based Capital Ratio** | 9.22 | % | 7.76 | % | 12.82 | % | 8.00 | % | 6.00 | % | ||||||||||
Total Risk-Based Capital Ratio ** | 10.43 | % | 9.01 | % | 14.10 | % | 10.00 | % | 8.00 | % | ||||||||||
Book Value per Share (BVS) | $ | 5.15 | $ | 5.06 | $ | 11.17 | ||||||||||||||
**Represents Bank capital ratios | ||||||||||||||||||||
Jun-25 | Mar-25 | Jun-24 | Jun-25 | Jun-24 | ||||||||||||||||
Asset Quality | QTD | QTD | QTD | YTD | YTD | |||||||||||||||
Net Charge Off (Net Recovery) | $ | 903 | $ | 5,730 | $ | 0 | $ | 6,633 | $ | 14,611 | ||||||||||
Charge Offs: Commercial-Equipment | $ | 2,352 | $ | 2,173 | $ | 0 | $ | 4,525 | $ | 14,611 | ||||||||||
(Recoveries): Commercial-Equipment | $ | (1,216 | ) | $ | (392 | ) | $ | 0 | $ | (1,608 | ) | $ | 0 | |||||||
Charge Offs: All Other | $ | 49 | $ | 4,020 | $ | 0 | $ | 4,069 | $ | 0 | ||||||||||
(Recoveries): All Other | $ | (282 | ) | $ | (71 | ) | $ | 0 | $ | (353 | ) | $ | 0 | |||||||
Allowance for Credit Losses to Loans % | 1.19 | % | 1.91 | % | 3.85 | % | ||||||||||||||
Non-accrual Loans | $ | 5,589 | $ | 10,202 | $ | 5,854 | ||||||||||||||
Nonperforming Assets to Total Assets% | 1.36 | % | 2.31 | % | 1.02 | % | ||||||||||||||
Additional Credit Disclosures
Loan Segmentation - The following tables present the Bank's total loans outstanding at amortized cost by portfolio segment and by internally assigned grades as of June 30, 2025 and March 31, 2025 (in thousands):
June 30, 2025 | Special | |||||||||||||||||||||||
Portfolio Segment | Pass | Mention | Substandard | Doubtful | Loss | Total | ||||||||||||||||||
Commercial real estate | $ | 154,734 | $ | 3,117 | $ | 12,206 | $ | 3,502 | $ | - | $ | 173,559 | ||||||||||||
Residential real estate | 111,145 | 12,857 | 2,835 | - | - | 126,837 | ||||||||||||||||||
Commercial - equipment | - | - | 4,275 | 196 | - | 4,471 | ||||||||||||||||||
Commercial - all other | 7,594 | - | 198 | - | - | 7,792 | ||||||||||||||||||
Multifamily | 4,746 | - | - | - | - | 4,746 | ||||||||||||||||||
Construction and land | 670 | - | - | - | - | 670 | ||||||||||||||||||
Consumer and other | 34 | - | - | - | - | 34 | ||||||||||||||||||
$ | 278,923 | $ | 15,974 | $ | 19,514 | $ | 3,698 | $ | - | $ | 318,109 | |||||||||||||
March 31, 2025 | Special | |||||||||||||||||||||||
Portfolio Segment | Pass | Mention | Substandard | Doubtful | Loss | Total | ||||||||||||||||||
Commercial real estate | $ | 171,421 | $ | 18,182 | $ | 5,437 | $ | 3,566 | $ | - | $ | 198,606 | ||||||||||||
Residential real estate | 135,280 | 10,886 | 2,623 | - | - | 148,789 | ||||||||||||||||||
Commercial - equipment | - | - | 5,195 | 2,423 | - | 7,618 | ||||||||||||||||||
Commercial - all other | 7,479 | 257 | - | - | - | 7,736 | ||||||||||||||||||
Multifamily | 2,780 | - | - | - | - | 2,780 | ||||||||||||||||||
Construction and land | 857 | - | - | - | - | 857 | ||||||||||||||||||
Consumer and other | 41 | - | - | - | - | 41 | ||||||||||||||||||
$ | 317,858 | $ | 29,325 | $ | 13,255 | $ | 5,989 | $ | - | $ | 366,427 | |||||||||||||
Descriptions of the various risk grades are as follows:
Special Mention: Assets having potential weaknesses that if left uncorrected, may result in decline in borrower's repayment ability. However, these assets are not adversely classified and do not expose the Bank to sufficient risk to warrant adverse classification.
Substandard: An asset is considered substandard if it is inadequately protected by the current net worth and pay capacity of the borrower or of any collateral pledged. Substandard assets include those characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected.
Doubtful: Assets classified as doubtful have all the weaknesses inherent in those classified substandard, with the added characteristic that the weaknesses present make collection or liquidation in full highly questionable and improbable on the basis of currently existing facts, conditions, and values.
Loss: Assets classified as loss are those considered uncollectible and of such little value that their continuance as assets without the establishment of a specific loss reserve is not warranted. Any loans downgraded to this category are generally charged off soon after.
Allowance for Credit Losses on Loans - The following tables present the allowance for credit losses under ASC 326, Financial Instruments - Credit Losses by portfolio segment and by internally assigned grades as of June 30, 2025 and March 31, 2025 (in thousands):
June 30, 2025 | Special | |||||||||||||||||||||||
Portfolio Segment | Pass | Mention | Substandard | Doubtful | Loss | Total | ||||||||||||||||||
Commercial real estate | $ | 1,110 | $ | 15 | $ | 73 | $ | - | $ | - | $ | 1,198 | ||||||||||||
Residential real estate | 754 | 82 | 131 | - | (980 | ) | (13 | ) | ||||||||||||||||
Commercial - equipment | - | - | 2,144 | 196 | - | 2,340 | ||||||||||||||||||
Commercial - all other | 249 | - | - | - | - | 249 | ||||||||||||||||||
Multifamily | 8 | - | - | - | - | 8 | ||||||||||||||||||
Construction and land | 14 | - | - | - | - | 14 | ||||||||||||||||||
Consumer and other | 2 | - | - | - | - | 2 | ||||||||||||||||||
$ | 2,137 | $ | 97 | $ | 2,348 | $ | 196 | $ | (980 | ) | $ | 3,798 | ||||||||||||
March 31, 2025 | Special | |||||||||||||||||||||||
Portfolio Segment | Pass | Mention | Substandard | Doubtful | Loss | Total | ||||||||||||||||||
Commercial real estate | $ | 1,195 | $ | 66 | $ | 14 | $ | - | $ | - | $ | 1,275 | ||||||||||||
Residential real estate | 1,044 | 68 | 125 | - | - | 1,237 | ||||||||||||||||||
Commercial - equipment | - | - | 2,597 | 1,624 | - | 4,221 | ||||||||||||||||||
Commercial - all other | 237 | 3 | - | - | - | 240 | ||||||||||||||||||
Multifamily | 1 | - | - | - | - | 1 | ||||||||||||||||||
Construction and land | 15 | - | - | - | - | 15 | ||||||||||||||||||
Consumer and other | 2 | - | - | - | - | 2 | ||||||||||||||||||
$ | 2,494 | $ | 137 | $ | 2,736 | $ | 1,624 | $ | - | $ | 6,991 | |||||||||||||
Past due loans -The following table presents past due loans at amortized cost by portfolio segment as of June 30, 2025 and March 31, 2025 (in thousands):
June 30, 2025 | 30 - 59 Days | 60 - 89 Days | 90 Days or | Total | Total | |||||||||||||||||||
Portfolio Segment | Past Due | Past Due | More | Past Due | Current | Loans | ||||||||||||||||||
Commercial real estate | $ | - | $ | 64 | $ | 3,682 | $ | 3,746 | $ | 169,813 | $ | 173,559 | ||||||||||||
Residential real estate | - | - | - | - | 126,837 | 126,837 | ||||||||||||||||||
Commercial - equipment | - | - | - | - | 4,471 | 4,471 | ||||||||||||||||||
Commercial - all other | - | - | 198 | 198 | 7,594 | 7,792 | ||||||||||||||||||
Multifamily | - | - | - | - | 4,746 | 4,746 | ||||||||||||||||||
Construction and land | - | - | - | - | 670 | 670 | ||||||||||||||||||
Consumer and other | - | - | - | - | 34 | 34 | ||||||||||||||||||
$ | - | $ | 64 | $ | 3,880 | $ | 3,944 | $ | 314,165 | $ | 318,109 | |||||||||||||
March 31, 2025 | 30 - 59 Days | 60 - 89 Days | 90 Days or | Total | Total | |||||||||||||||||||
Portfolio Segment | Past Due | Past Due | More | Past Due | Current | Loans | ||||||||||||||||||
Commercial real estate | $ | 3,566 | $ | - | $ | 2,646 | $ | 6,212 | $ | 192,394 | $ | 198,606 | ||||||||||||
Residential real estate | - | - | - | - | 148,789 | 148,789 | ||||||||||||||||||
Commercial - equipment | 1,692 | 405 | - | 2,097 | 5,521 | 7,618 | ||||||||||||||||||
Commercial - all other | 257 | - | - | 257 | 7,479 | 7,736 | ||||||||||||||||||
Multifamily | - | - | - | - | 2,780 | 2,780 | ||||||||||||||||||
Construction and land | - | - | - | - | 857 | 857 | ||||||||||||||||||
Consumer and other | - | - | - | - | 41 | 41 | ||||||||||||||||||
$ | 5,515 | $ | 405 | $ | 2,646 | $ | 8,566 | $ | 357,861 | $ | 366,427 | |||||||||||||
Non-accrual loans -Loans are placed on non-accrual once the loan is 90 days past due or sooner if, in management's opinion, the borrower may be unable to meet payment of obligations as they become due, as well as when required by regulatory provisions. The following table presents the nonaccrual loans at amortized cost by portfolio segment as of June 30, 2025 and March 31, 2025 (in thousands):
June 30, 2025 Portfolio Segment | Non-accrual with no Allowance for Credit Losses | Non-accrual with Allowance for Credit Losses | Total Non-accrual | Loans Past Due Over 89 Days Still Accruing | ||||||||||||
Commercial real estate | $ | 5,196 | $ | - | $ | 5,196 | $ | - | ||||||||
Commercial - equipment | - | 196 | 196 | - | ||||||||||||
Commercial - all other | 198 | - | 198 | - | ||||||||||||
$ | 5,393 | $ | 196 | $ | 5,589 | $ | - | |||||||||
March 31, 2025 Portfolio Segment | Non-accrual with no Allowance for Credit Losses | Non-accrual with Allowance for Credit Losses | Total Non-accrual | Loans Past Due Over 89 Days Still Accruing | ||||||||||||
Commercial real estate | $ | 7,779 | $ | - | $ | 7,779 | $ | - | ||||||||
Commercial - equipment | - | 2,423 | 2,423 | - | ||||||||||||
$ | 7,779 | $ | 2,423 | $ | 10,202 | $ | - | |||||||||
U & I Financial Corp.
Investor Relations
IR@unibankusa.com
SOURCE: U & I Financial Corp. (Washington)
View the original press release on ACCESS Newswire
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