University Bancorp Inc. announced unaudited consolidated earnings results for the third quarter of 2014. For the quarter, the company reported net income attributable to common stock shareholders of $528,727 or $0.112 per share.

For the nine months, net income was $826,128 or $0.175. The first nine months of 2014 were negatively impacted by a valuation mark to market on mortgage servicing rights of negative $928,251 and legal expense related to two lawsuits of $716,000.