U & I Financial Corp. Reports Third Quarter 2026 Financial Results
Credit quality improved year over year, but deposits and net loans declined and the quarterly loss widened.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
U & I Financial (UNIF) reported a third-quarter 2026 net loss of $824 thousand, widening from the prior-year quarter. Loss per share was $0.15 versus $0.05, while the year-earlier net loss was $258 thousand. Net interest income fell to $2.403 million from $2.518 million. For the first nine months, net loss narrowed to $1.394 million from $1.574 million.
At September 30, net loans were $259.117 million, versus $298.162 million a year earlier; deposits fell to $312.319 million from $344.740 million. Nonperforming assets declined to 0.38% of assets from 1.35%. All Bank capital ratios remained above regulatory minimums for being well capitalized. UniBank plans to close its Bellevue branch on October 30, 2026, expecting lower costs as customers and deposits move to nearby branches. Yuko Elliott became Chief Credit Officer effective September 21, 2026.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointNine-month net loss narrowed to $1.394 million, or $0.25 per share, from $1.574 million, or $0.29.
- Moderate pointNine-month net recoveries reached $2.128 million, versus $6.647 million in net charge-offs a year earlier.
- Moderate pointNon-accrual loans fell to $1.454 million at September 30, 2026, from $5.343 million a year earlier.
- Moderate pointNonperforming assets fell to 0.38% of assets from 1.35% year over year, though up from June's 0.37%.
- Minor pointQuarterly credit recoveries totaled $226 thousand with no charge-offs, versus $14 thousand in net charge-offs a year earlier.
8 minor points
- Minor pointBank risk-based capital ratios rose year over year to 10.23% Tier 1 and 11.26% total; all ratios remained well capitalized.
- Minor pointNine-month net interest margin rose to 2.67% from 2.51% a year earlier.
- Minor pointNine-month non-interest income increased to $588 thousand from $507 thousand a year earlier.
- Minor pointQuarterly professional fees fell to $1.180 million from $1.207 million a year earlier.
- Minor pointQuarterly occupancy expense fell to $203 thousand from $211 thousand a year earlier.
- Minor pointOther expense fell to $744 thousand quarterly and $2.294 million year to date, from $805 thousand and $2.453 million.
- Minor pointSpecial-mention loans, carrying potential weaknesses, declined to $4.872 million from $5.145 million at June 30, 2026.
- Minor point. Forward-looking: it has not happened yet and may not happen.Bellevue branch closure is planned for October 30, 2026; UniBank expects lower overall costs and improved nearby-branch efficiency.
Negative
- Moderate pointThird-quarter net loss widened to $824 thousand, or $0.15 per share, from $258 thousand, or $0.05, year over year.
- Moderate pointNet loans declined to $259.117 million at September 30, 2026, from $298.162 million a year earlier.
- Moderate pointDeposits declined to $312.319 million at September 30, 2026, from $344.740 million a year earlier.
- Moderate pointBorrowed funds rose to $40 million at September 30, 2026, from $20 million a year earlier.
- Moderate pointShareholders' equity declined to $25.036 million at September 30, 2026, from $28.709 million a year earlier.
- Moderate pointNet interest income fell to $2.403 million quarterly and $7.700 million year to date, from $2.518 million and $7.940 million.
- Moderate pointQuarterly credit-loss provision reversal was $325 thousand, smaller than $800 thousand a year earlier and $984 thousand last quarter. 1.5% of market cap
- Moderate pointSalaries and benefits rose to $1.614 million quarterly and $5.067 million year to date, from $1.551 million and $4.750 million.
- Moderate pointNine-month professional fees rose to $3.764 million from $2.320 million a year earlier.
- Moderate pointEfficiency ratio worsened year over year to 144.33% quarterly and 141.72% year to date, from 138.90% and 120.05%.
8 minor points
- Minor pointTotal assets fell to $380.056 million at September 30, 2026, from $395.119 million a year earlier.
- Minor pointBook value per share fell to $4.57 from $5.24 a year earlier and $5.20 at June 30, 2026.
- Minor pointQuarterly non-interest income fell to $189 thousand from $199 thousand a year earlier.
- Minor pointNine-month occupancy expense rose to $620 thousand from $617 thousand a year earlier.
- Minor pointQuarterly net interest margin was 2.53%, below 2.54% a year earlier but above the prior quarter's 2.43%.
- Minor pointQuarterly annualized returns on assets and equity worsened to -0.84% and -12.01%, versus -0.25% and -3.68% a year earlier.
- Minor pointBank Tier 1 leverage ratio declined to 7.15% from 7.32% a year earlier.
- Minor pointSubstandard loans, with identified repayment weaknesses, increased to $8.769 million from $8.284 million at June 30, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LYNNWOOD, WA / ACCESS Newswire / October 29, 2026 / U & I Financial Corp. (OTCQX:UNIF), the holding company ("Company") for UniBank ("Bank"), today reported quarterly Net Loss of
At September 30, 2026, Total Assets were
For the third quarter of 2026 there were credit recoveries totaling
The Bank's capital ratios were
The Bank promoted Yuko Elliott to Chief Credit Officer effective September 21, 2026. Ms. Elliott joined the Bank in 2019 and previously served as the SVP & Senior Credit Administrator. She has more than 30 years of credit experience, primarily in community banking.
The Bank plans to close its Bellevue, Washington, branch on October 30, 2026. The closure is expected to reduce costs overall and improve efficiency at nearby branches as Bellevue customers and deposits will be consolidated into those locations.
"Closing the Bellevue branch, which has operated since 2012, was a difficult decision," said President and CEO Stephanie Yoon. "The location, however, no longer aligns with the Bank's target market, and we expect the transition to nearby branches to cause minimal disruption to affected customers. We are also pleased to promote Yuko Elliott to Chief Credit Officer. Her extensive credit experience and contributions to the Bank have prepared her well for this role."
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) | ||||||||||||||||||||
| Sep-26 | Jun-26 | Sep-25 | Sep-26 | Sep-25 | ||||||||||||||||
(Dollars in thousands except EPS) | QTD | QTD | QTD | YTD | YTD | |||||||||||||||
Interest Income | $ | 5,230 | $ | 5,181 | $ | 5,608 | $ | 16,305 | $ | 18,186 | ||||||||||
Interest Expense | 2,827 | 2,869 | 3,090 | 8,605 | 10,246 | |||||||||||||||
Net Interest Income | 2,403 | 2,312 | 2,518 | 7,700 | 7,940 | |||||||||||||||
Provision for Credit Losses (Negative Provision) | (325 | ) | (984 | ) | (800 | ) | (2,063 | ) | 69 | |||||||||||
Loan Servicing Fees, Net of Amortization | 123 | 128 | 122 | 384 | 191 | |||||||||||||||
Other Non-interest Income | 66 | 71 | 77 | 204 | 316 | |||||||||||||||
Non-interest Income | 189 | 199 | 199 | 588 | 507 | |||||||||||||||
Salaries & Benefits | 1,614 | 1,645 | 1,551 | 5,067 | 4,750 | |||||||||||||||
Professional Fees | 1,180 | 1,282 | 1,207 | 3,764 | 2,320 | |||||||||||||||
Occupancy Expense | 203 | 208 | 211 | 620 | 617 | |||||||||||||||
Other Expense | 744 | 764 | 805 | 2,294 | 2,453 | |||||||||||||||
Non-interest Expense | 3,741 | 3,899 | 3,774 | 11,745 | 10,140 | |||||||||||||||
Net Income (Loss) before Income Taxes | (824 | ) | (404 | ) | (257 | ) | (1,394 | ) | (1,762 | ) | ||||||||||
Income Tax Expense (Benefit) | - | - | 1 | - | (188 | ) | ||||||||||||||
Net Income (Loss) | $ | (824 | ) | $ | (404 | ) | $ | (258 | ) | $ | (1,394 | ) | $ | (1,574 | ) | |||||
Total Outstanding Shares (in thousands) | 5,477 | 5,477 | 5,477 | 5,477 | 5,477 | |||||||||||||||
Basic Earnings (Loss) per Share | $ | (0.15 | ) | $ | (0.07 | ) | $ | (0.05 | ) | $ | (0.25 | ) | $ | (0.29 | ) | |||||
Statement of Condition (Unaudited) | ||||||||||||||||||||
| Sep-26 | Jun-26 | Sep-25 | Variance | Variance | ||||||||||||||||
(Dollars in thousands) | Qtr End | Qtr End | Qtr End | Prior Qtr | Prior Year | |||||||||||||||
Cash and Due from Banks | $ | 50,593 | $ | 51,680 | $ | 34,001 | $ | (1,087 | ) | $ | 16,592 | |||||||||
Investments | 60,699 | 64,742 | 52,770 | (4,043 | ) | 7,929 | ||||||||||||||
Gross Loans | 261,947 | 270,776 | 301,264 | (8,829 | ) | (39,317 | ) | |||||||||||||
Allowance for Credit Losses (ACL) on Loans | (2,830 | ) | (2,929 | ) | (3,102 | ) | 99 | 272 | ||||||||||||
Net Loans | 259,117 | 267,847 | 298,162 | (8,730 | ) | (39,045 | ) | |||||||||||||
Fixed Assets | 5,879 | 5,126 | 5,506 | 753 | 373 | |||||||||||||||
Deferred Tax Assets, Net of Valuation Allowance | - | - | 566 | - | (566 | ) | ||||||||||||||
Other Assets | 3,768 | 3,828 | 4,114 | (60 | ) | (346 | ) | |||||||||||||
Total Assets | $ | 380,056 | $ | 393,223 | $ | 395,119 | $ | (13,167 | ) | $ | (15,063 | ) | ||||||||
Checking | $ | 50,726 | $ | 50,965 | $ | 67,852 | $ | (239 | ) | $ | (17,126 | ) | ||||||||
NOW | 4,809 | 5,011 | 4,598 | (202 | ) | 211 | ||||||||||||||
Money Market | 46,397 | 48,337 | 55,892 | (1,940 | ) | (9,495 | ) | |||||||||||||
Savings | 4,540 | 4,910 | 4,973 | (370 | ) | (433 | ) | |||||||||||||
Certificates of Deposit | 205,847 | 213,267 | 211,425 | (7,420 | ) | (5,578 | ) | |||||||||||||
Total Deposits | 312,319 | 322,490 | 344,740 | (10,171 | ) | (32,421 | ) | |||||||||||||
Borrowed Funds | 40,000 | 40,000 | 20,000 | - | 20,000 | |||||||||||||||
ACL on Off-Balance Sheet Credit Exposure | 5 | 5 | 5 | - | - | |||||||||||||||
Other Liabilities | 2,696 | 2,276 | 1,665 | 420 | 1,031 | |||||||||||||||
Total Liabilities | 355,020 | 364,771 | 366,410 | (9,751 | ) | (11,390 | ) | |||||||||||||
Shareholders' Equity | 25,036 | 28,452 | 28,709 | (3,416 | ) | (3,673 | ) | |||||||||||||
Total Liabilities & Equity | $ | 380,056 | $ | 393,223 | $ | 395,119 | $ | (13,167 | ) | $ | (15,063 | ) | ||||||||
Financial Ratios | ||||||||||||||||||||
| Sep-26 | Jun-26 | Sep-25 | Sep-26 | Sep-25 | ||||||||||||||||
(Dollars in thousands except BVS) | QTD | QTD | QTD | YTD | YTD | |||||||||||||||
Performance Ratios | ||||||||||||||||||||
Return on Average Assets* | (0.84 | %) | (0.41 | %) | (0.25 | %) | (0.47 | %) | (0.48 | %) | ||||||||||
Return on Average Equity* | (12.01 | %) | (5.83 | %) | (3.68 | %) | (6.70 | %) | (7.43 | %) | ||||||||||
Net Interest Margin* | 2.53 | % | 2.43 | % | 2.54 | % | 2.67 | % | 2.51 | % | ||||||||||
Efficiency Ratio | 144.33 | % | 155.28 | % | 138.90 | % | 141.72 | % | 120.05 | % | ||||||||||
*Quarterly results are annualized | Well | Adequately | ||||||||||||||||||
| Sep-26 | Jun-26 | Sep-25 | Capitalized | Capitalized | ||||||||||||||||
Capital | QTD | QTD | QTD | Minimum | Minimum | |||||||||||||||
Tier 1 Leverage Ratio** | 7.15 | % | 7.31 | % | 7.32 | % | 5.00 | % | 4.00 | % | ||||||||||
Common Equity Tier 1 Ratio** | 10.23 | % | 10.25 | % | 9.62 | % | 6.50 | % | 4.50 | % | ||||||||||
Tier 1 Risk-Based Capital Ratio** | 10.23 | % | 10.25 | % | 9.62 | % | 8.00 | % | 6.00 | % | ||||||||||
Total Risk-Based Capital Ratio ** | 11.26 | % | 11.30 | % | 10.63 | % | 10.00 | % | 8.00 | % | ||||||||||
Book Value per Share (BVS) | $ | 4.57 | $ | 5.20 | $ | 5.24 | ||||||||||||||
**Represents Bank capital ratios | ||||||||||||||||||||
| Sep-26 | Jun-26 | Sep-25 | Sep-26 | Sep-25 | ||||||||||||||||
Asset Quality | QTD | QTD | QTD | YTD | YTD | |||||||||||||||
Net Charge Off (Net Recovery) | $ | (226 | ) | $ | (904 | ) | $ | 14 | $ | (2,128 | ) | $ | 6,647 | |||||||
Charge Offs: Commercial-Equipment | $ | 0 | $ | 0 | $ | 196 | $ | 0 | $ | 4,720 | ||||||||||
(Recoveries): Commercial-Equipment | $ | (212 | ) | $ | (980 | ) | $ | (127 | ) | $ | (1,940 | ) | $ | (1,735 | ) | |||||
Charge Offs: All Other | $ | 0 | $ | 90 | $ | 0 | $ | 90 | $ | 4,069 | ||||||||||
(Recoveries): All Other | $ | (14 | ) | $ | (14 | ) | $ | (55 | ) | $ | (278 | ) | $ | (407 | ) | |||||
Allowance for Credit Losses to Loans % | 1.08 | % | 1.08 | % | 1.03 | % | ||||||||||||||
Non-accrual Loans | $ | 1,454 | $ | 1,454 | $ | 5,343 | ||||||||||||||
Nonperforming Assets to Total Assets % | 0.38 | % | 0.37 | % | 1.35 | % | ||||||||||||||
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 September 30, 2026 and June 30, 2026 (in thousands):
September 30, 2026 | Special | |||||||||||||||||||||||
Portfolio Segment | Pass | Mention | Substandard | Doubtful | Loss | Total | ||||||||||||||||||
Commercial real estate | $ | 164,267 | $ | 3,800 | $ | 1,395 | $ | - | $ | - | $ | 169,462 | ||||||||||||
Residential real estate | 62,466 | 1,072 | 3,859 | - | - | 67,397 | ||||||||||||||||||
Commercial - equipment | - | - | 3,515 | - | - | 3,515 | ||||||||||||||||||
Commercial - all other | 9,432 | - | - | - | - | 9,432 | ||||||||||||||||||
Multifamily | 11,545 | - | - | - | - | 11,545 | ||||||||||||||||||
Construction and land | 574 | - | - | - | - | 574 | ||||||||||||||||||
Consumer and other | 22 | - | - | - | - | 22 | ||||||||||||||||||
| $ | 248,306 | $ | 4,872 | $ | 8,769 | $ | - | $ | - | $ | 261,947 | |||||||||||||
June 30, 2026 | Special | |||||||||||||||||||||||
Portfolio Segment | Pass | Mention | Substandard | Doubtful | Loss | Total | ||||||||||||||||||
Commercial real estate | $ | 163,157 | $ | 3,010 | $ | 1,400 | $ | - | $ | - | $ | 167,567 | ||||||||||||
Residential real estate | 74,389 | 2,135 | 3,276 | - | - | 79,800 | ||||||||||||||||||
Commercial - equipment | - | - | 3,608 | - | - | 3,608 | ||||||||||||||||||
Commercial - all other | 7,595 | - | - | - | - | 7,595 | ||||||||||||||||||
Multifamily | 11,592 | - | - | - | - | 11,592 | ||||||||||||||||||
Construction and land | 594 | - | - | - | - | 594 | ||||||||||||||||||
Consumer and other | 20 | - | - | - | - | 20 | ||||||||||||||||||
| $ | 257,347 | $ | 5,145 | $ | 8,284 | $ | - | $ | - | $ | 270,776 | |||||||||||||
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 sufficent risk to warrant adverse classificaiton.
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 September 30, 2026 and June 30, 2026 (in thousands):
September 30, 2026 | Special | |||||||||||||||||||||||
Portfolio Segment | Pass | Mention | Substandard | Doubtful | Loss | Total | ||||||||||||||||||
Commercial real estate | $ | 969 | $ | 13 | $ | 143 | $ | - | $ | - | $ | 1,125 | ||||||||||||
Residential real estate | 163 | 5 | 115 | - | - | 283 | ||||||||||||||||||
Commercial - equipment | - | - | 1,757 | - | (718 | ) | 1,039 | |||||||||||||||||
Commercial - all other | 351 | - | - | - | - | 351 | ||||||||||||||||||
Multifamily | 27 | - | - | - | - | 27 | ||||||||||||||||||
Construction and land | 4 | - | - | - | - | 4 | ||||||||||||||||||
Consumer and other | 1 | - | - | - | - | 1 | ||||||||||||||||||
| $ | 1,515 | $ | 18 | $ | 2,015 | $ | - | $ | (718 | ) | $ | 2,830 | ||||||||||||
June 30, 2026 | Special | |||||||||||||||||||||||
Portfolio Segment | Pass | Mention | Substandard | Doubtful | Loss | Total | ||||||||||||||||||
Commercial real estate | $ | 942 | $ | 12 | $ | 146 | $ | - | $ | - | $ | 1,100 | ||||||||||||
Residential real estate | 263 | 11 | 119 | - | - | 393 | ||||||||||||||||||
Commercial - equipment | - | - | 1,804 | - | (748 | ) | 1,056 | |||||||||||||||||
Commercial - all other | 346 | - | - | - | - | 346 | ||||||||||||||||||
Multifamily | 27 | - | - | - | - | 27 | ||||||||||||||||||
Construction and land | 6 | - | - | - | - | 6 | ||||||||||||||||||
Consumer and other | 1 | - | - | - | - | 1 | ||||||||||||||||||
| $ | 1,585 | $ | 23 | $ | 2,069 | $ | - | $ | (748 | ) | $ | 2,929 | ||||||||||||
Past due loans -The following table presents past due loans at amortized cost by portfolio segment as of September 30, 2026 and June 30, 2026 (in thousands):
September 30, 2026 | 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 | $ | - | $ | - | $ | 1,456 | $ | 1,456 | $ | 168,006 | $ | 169,462 | ||||||||||||
Residential real estate | - | - | - | - | 67,397 | 67,397 | ||||||||||||||||||
Commercial - equipment | - | - | - | - | 3,515 | 3,515 | ||||||||||||||||||
Commercial - all other | - | - | - | - | 9,432 | 9,432 | ||||||||||||||||||
Multifamily | - | - | - | - | 11,545 | 11,545 | ||||||||||||||||||
Construction and land | - | - | - | - | 574 | 574 | ||||||||||||||||||
Consumer and other | - | - | - | - | 22 | 22 | ||||||||||||||||||
| $ | - | $ | - | $ | 1,456 | $ | 1,456 | $ | 260,491 | $ | 261,947 | |||||||||||||
June 30, 2026 | 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 | $ | 11 | $ | - | $ | 1,454 | $ | 1,465 | $ | 166,102 | $ | 167,567 | ||||||||||||
Residential real estate | 223 | - | - | 223 | 79,577 | 79,800 | ||||||||||||||||||
Commercial - equipment | - | - | - | - | 3,608 | 3,608 | ||||||||||||||||||
Commercial - all other | - | - | - | - | 7,595 | 7,595 | ||||||||||||||||||
Multifamily | - | - | - | - | 11,592 | 11,592 | ||||||||||||||||||
Construction and land | - | - | - | - | 594 | 594 | ||||||||||||||||||
Consumer and other | - | - | - | - | 20 | 20 | ||||||||||||||||||
| $ | 234 | $ | - | $ | 1,454 | $ | 1,688 | $ | 269,088 | $ | 270,776 | |||||||||||||
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 September 30, 2026 and June 30, 2026 (in thousands):
September 30, 2026 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 | $ | 1,454 | $ | - | $ | 1,454 | $ | 2 | ||||||||
June 30, 2026 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 | $ | 1,454 | $ | - | $ | 1,454 | $ | - | ||||||||
U & I Financial Corp.
Investor Relations
IR@unibankusa.com
SOURCE: U & I Financial Corp. (Washington)
View the original press release on ACCESS Newswire
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were U & I Financial's third-quarter 2026 earnings?
U & I Financial reported a net loss of $824 thousand, or $0.15 per share, compared with a loss of $258 thousand, or $0.05 per share, in the third quarter of 2025. The preceding quarter's net loss was $404 thousand, or $0.07 per share.
When is UniBank closing its Bellevue branch?
UniBank plans to close its Bellevue, Washington, branch on October 30, 2026, consolidating customers and deposits into nearby branches. The Bank expects the closure to reduce overall costs and improve efficiency at those locations.
What credit risks did U & I Financial report in its September 2026 loan portfolio?
At September 30, 2026, UniBank had $8.769 million in substandard loans and $4.872 million in special-mention loans. Substandard loans have weaknesses that could cause losses if not corrected; special-mention loans have potential weaknesses affecting repayment ability. No outstanding loans were graded doubtful or loss.