<PAGE>   1



                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549
                                    FORM 10-K/A

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
            OF 1934 for the fiscal year ended December 31, 2000

                                       OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
            ACT OF 1934

           For the transition period from              to
                                          ------------    -----------

                         Commission file number 0-16023

                            UNIVERSITY BANCORP, INC.
                            ------------------------
             (Exact name of registrant as specified in its charter)

         Delaware                                        38-2929531
-------------------------------               ------------------------------
(State or other jurisdiction of               (I.R.S. Employer incorporation)
       Identification No.

959 Maiden Lane, Ann Arbor, Michigan                        48105
------------------------------------                      ---------
(Address of principal executive offices)                  (Zip Code)

Registrant's telephone number, including area code (734) 741-5858
                                                   --------------

Securities registered pursuant to section 12(b) of the Act: NONE
Securities registered pursuant to section 12(g) of the Act:
         Common Stock, par value $.010 per share
         ---------------------------------------

         Indicate by check mark whether the registrant: (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.
         Yes   X     No
              ---       ---
         Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein, and will not be contained,
to the best of registrant's knowledge, in definitive proxy or other information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. [X]

         The number of shares outstanding of the Registrant's Common Stock as of
March 26, 2001: 2,027,801 shares. The aggregate market value of the voting stock
held by non-affiliates of the Registrant based on the average bid and asked
price for the Registrant's Common Stock on March 26, 2001, as reported by
NASDAQ, was approximately $1,059,500.*

* For purposes of this calculation shares of the Registrant held by directors
and officers of the Registrant and officers of its subsidiaries and other
affiliates have been excluded.


                               page 1 of 7 pages
                 Exhibit index on sequentially numbered page 5





                                       1

<PAGE>   2


PART IV.

ITEM 14. - EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORT ON FORM 8-K

         (a)      Index of Financial Statements:
                  The following statements are filed as part of this Report:

                  Audited consolidated balance sheets as of December 31, 2000
                  and December 31, 1999, and consolidated statements of
                  operations, comprehensive income (loss), stockholders' equity
                  and cash flows for the years ended December 31, 2000, 1999,
                  and 1998, of the Company.

         (b)      Reports on Form 8-K:

                  Form 8-K filed on September 12, 2000 is incorporated by
                  reference as part of this report.

                  The Company issued a private placement of $725,000 of
                  preferred stock to maintain its net tangible capital above $2
                  million as required by NASDAQ. Form 8-K filed on November 30,
                  2000 is incorporated by reference as part of this report.

         (c)      Exhibits:

                  (3) Certificate of Incorporation and By-laws:

                  3.1 Composite Certificate of Incorporation of the Company, as
                  amended (incorporated by reference to Exhibit 3.1 to the
                  Company's Quarterly Report on Form 10-Q for the quarter ended
                  June 30, 1996).

                  3.1.1 Certificate of Amendment, dated June 10, 1998, of the
                  Company's Certificate of Incorporation (incorporated by
                  reference to Exhibit 3.1.1 to the Company's Quarterly Report
                  on Form 10-Q for the quarter ended June 30, 1998).

                  3.2 Composite By-laws of the Company (incorporated by
                  reference to Exhibit 3.2 to the Company's Annual Report on
                  Form 10-K for the year ended December 31, 1989).

                  (10) Material Contracts.

                  10.1 Loan Agreement and Promissory Note dated December 31,
                  1997 issued to North Country Bank & Trust (incorporated by
                  reference to Exhibit 10.1 to the Company's Annual Report on
                  Form 10-K for the year ended December 31, 1997).

                  10.2 University Bancorp, Inc. Employee Stock Ownership Plan
                  (the "ESOP"), as amended November 27, 1990 (incorporated by
                  reference to Exhibit 10.2 to the Company's Annual Report on
                  Form 10-K for the year ended December 31, 1990). *

                  10.2.1 Amendment to the ESOP, effective as of December 31,
                  1991 (incorporated by reference to Exhibit 10.2.A to the
                  Company's Annual Report on Form 10-K for the year ended
                  December 31, 1991). *

                  10.3 University Bank 401(k) Profit Sharing Plan, adopted
                  August 1, 1996, effective as of January 1, 1996 (incorporated
                  by reference to



                                       66
<PAGE>   3


                  Exhibit 10.3 to the Company's Annual Report on Form 10-K for
                  the year ended December 31, 1996). *

                  10.4 Letter regarding grant of options to outside directors,
                  dated as of July 20, 1993 (incorporated by reference to
                  Exhibit 10.6 to the Company's Annual Report on Form 10-K for
                  the year ended December 31, 1993). *

                  10.5 1995 Stock Plan of the Company (incorporated by reference
                  to Exhibit A to the definitive Proxy Statement of the Company
                  for 1996 Annual Meeting of Stockholders). *

                  10.5.1 Form of Stock Option Agreement related to the 1995
                  Stock Plan (incorporated by reference to Exhibit 10.7.1 to the
                  Annual Report on Form 10-K for the year ended December 31,
                  1995). *

                  10.6 Letter, dated December 1, 1989, from Federal Reserve Bank
                  of Minneapolis (incorporated by reference to Exhibit 10.9).

                  10.7 Lease Agreement (the "Cascade Lease Agreement") between
                  RG Properties, Inc., as agent for Sault Associates, a Michigan
                  Limited Partnership, and University Bank, dated September 30,
                  1992 (incorporated by reference to exhibit 10.9 to the
                  Company's Annual Report on Form 10-K for the year ended
                  December 31, 1992).

                  10.7.1 First Amendment to the Cascade Lease Agreement, dated
                  January 5, 1993 (incorporated by reference exhibit 10.9.1).

                  10.8 Federal Income Tax Allocation Agreement Between Newberry
                  State Bank and Newberry Holding Inc. dated March 21, 1992
                  (incorporated by reference to Exhibit 10.11).

                  10.8.1 Federal Income Tax Allocation Agreement Between
                  Newberry Holding Inc. and University Bancorp, Inc. dated May
                  21, 1991 (incorporated by reference to Exhibit 10.11.1).

                  10.9 Purchase and Sale Agreement, dated November 1, 1995,
                  concerning Common Stock of Midwest Loan Services, Inc., among
                  its stockholders and University Bank and Newberry Bancorp, Inc
                  (incorporated by reference to Exhibit 10.16 of the Company's
                  Annual Report on Form 10-K for the year ended December 31,
                  1995).

                  10.10 Equity Conversion Note Agreements, between various
                  related parties and University Bancorp, Inc. (incorporated by
                  reference to Exhibit 10.15 of the Company's Quarterly Report
                  on Form 10-Q for the quarter ended September 30, 1999).

                  10.10.1 Equity Conversion Note Agreements, between various
                  related parties and University Bancorp, Inc. (incorporated by
                  reference to Exhibit 10.10.1 of the Company's Annual Report of
                  Form 10-K for year ended December 31, 1999).


                  21 Subsidiaries of Registrant: List of subsidiaries filed
                  herewith.**

                  23 Report of Independent Auditors dated March 17, 2000 as
                  filed with the Company's Annual Report on Form 10-K for year
                  ended December 31, 1999.**

                  23.1 Report of Independent Auditors, Richard C. Woodbury, P.C.

                  * Denotes a management compensatory plan or arrangement.
                  ** Previously Filed.


                                       67
<PAGE>   4


                                   SIGNATURES

         Pursuant to the requirements of Sections 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.


                              UNIVERSITY BANCORP, INC.


                              By:      /s/Stephen Lange Ranzini
                                       ------------------------
                                       Stephen Lange Ranzini,
                                       President



                              Date: August 9, 2001


         Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.


<TABLE>
<CAPTION>
         Signature                      Title                             Date
         ---------                      -----                             ----
<S>                                 <C>                                <C>
/s/Stephen Lange Ranzini            Director, President,               August 9, 2001
------------------------
Stephen Lange Ranzini

/s/Joseph L. Ranzini                Director, Secretary,               August 9, 2001
--------------------                Chairman
Joseph L. Ranzini

/s/Keith Brenner                    Director                           August 9, 2001
----------------
Keith E. Brenner

/s/Mildred Lange Ranzini            Director                           August 9, 2001
------------------------
Mildred Lange Ranzini

/s/Michael Talley                   Director                           August 9, 2001
-----------------
Michael Talley

/s/Robert Goldthorpe                Director                           August 9, 2001
--------------------
Robert Goldthorpe

/s/Dr. Joseph L. Ranzini            Director                           August 9, 2001
------------------------
Dr. Joseph Lange Ranzini

/s/Paul Lange Ranzini               Director                           August 9, 2001
---------------------
Paul Lange Ranzini
</TABLE>




                                       68
<PAGE>   5


                                INDEX OF EXHIBITS

<TABLE>
<CAPTION>
                                                                                  Sequentially
      Exhibit Number and Description                                             Numbered Page
      ------------------------------                                             -------------
<S>   <C>                                                                        <C>
(3)   Certificate of Incorporation and By-laws:

3.1      Composite Certificate of Incorporation of the Company, as amended
         (incorporated by reference to Exhibit 3.1 to the June 30, 1996 10-Q").

3.1.1    Certificate of Amendment, dated June 10, 1998, of the Company's
         Certificate of Incorporation (incorporated by reference to Exhibit
         3.1.1 to the June 30, 1998 10-Q").

3.2      Composite By-laws of the Company (incorporated by
         reference to Exhibit 3.2 to the 1989 10-K).

(10)  Material Contracts.

10.1     Loan Agreement and Promissory Note dated December 31, 1997 issued to
         North Country Bank & Trust (incorporated by reference to Exhibit 10.1
         to the 1997 10-K"))

10.2     University Bancorp, Inc. Employee Stock Ownership
         Plan (the "ESOP"), as amended November 27, 1990
         (incorporated by reference to Exhibit 10.2 to the
         1990 10-K).

10.2.1   Amendment to the ESOP, effective as of December 31, 1991 (incorporated
         by reference to Exhibit 10.2.A to the 1991 10-K).

10.3     University Bank 401(k) Profit Sharing Plan, adopted August 1, 1996,
         effective as of January 1, 1996 (incorporated by reference to Exhibit
         10.3 to the 1996 10-K).

10.4     Letter regarding grant of options to outside directors, dated as of
         July 20, 1993 (incorporated by reference to Exhibit 10.6 to the
         Company's Annual Report on Form 10-K for the year ended December 31,
         1993 (the "1993 10-K")).

10.5     1995 Stock Plan of the Company (incorporated by reference to Exhibit A
         to the definitive Proxy Statement of the Company for the 1996 Annual
         Meeting of Stockholders (the "1996 Proxy).

10.5.1   Form of Stock Option Agreement related to the 1995 Stock Plan
         (incorporated by reference to Exhibit 10.7.1 to the the 1995 10-K).

10.6     Letter, dated December 1, 1989, from Federal Reserve Bank of
         Minneapolis (incorporated by
</TABLE>




                                       69
<PAGE>   6



<TABLE>
<S>      <C>                                                                    <C>
         reference to Exhibit 10.9 to the 1989 10-K).

10.7     Lease Agreement (the "Cascade Lease Agreement")
         between RG Properties, Inc., as agent for Sault
         Associates, a Michigan Limited Partnership, and
         University Bank, dated September 30, 1992
         (incorporated by reference to exhibit 10.9 to the
         1992 10-K).

10.7.1   First Amendment to the Cascade Lease Agreement, dated January 5, 1993
         (incorporated by reference exhibit 10.9.1 to the 1992 10-K).

10.8     Federal Income Tax Allocation Agreement Between
         Newberry State Bank and Newberry Holding Inc. dated
         March 21, 1992 (incorporated by reference to
         Exhibit 10.11 to the 1991 10-K).

10.8.1   Federal Income Tax Allocation Agreement Between
         Newberry Holding Inc. and University Bancorp, Inc.
         dated May 21, 1991 (incorporated by reference to
         Exhibit 10.11.1 to the 1991 10-K).

10.9     Purchase and Sale Agreement, dated November 1,
         1995, concerning Common Stock of Midwest Loan
         Services, Inc., among its stockholders and
         University Bank and Newberry Bancorp, Inc
         (incorporated by reference to Exhibit 10.16 of the
         1995 10-K).

10.10    Equity Conversion Note Agreements, between various
         related parties and University Bancorp, Inc.
         (incorporated by reference to Exhibit 10.15 of the
         September 30, 1999 10-Q).

10.10.1  Equity Conversion Note Agreements, between various related parties
         and University Bancorp, Inc. (incorporated by reference to Exhibit
         10.10.1 of the Company's Annual Report of Form 10-K for year ended
         December 31, 1999).

21       Subsidiaries of Registrant.**                                          79

23       Report of Independent Auditors.**                                      80

23.1     Report of Independent Auditors, Richard C. Woodbury, P.C.
</TABLE>



**  Previously Filed


                                       70

<PAGE>   7

                  EXHIBIT 23.1 Report of Independent Auditors.



Board of Directors
Midwest Loan Services, Inc.
Houghton, MI  49931


We have audited the accompanying balance sheet of Midwest Loan Services, Inc. as
of December 31, 2000 and 1999, and the related statements of income, retained
earnings, and cash flows for the years then ended.  These financial statements
are the responsibility of the Company's management.  Our responsibility is to
express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with generally accepted auditing standards
and Governmental Auditing Standards, issued by the Comptroller General of the
United States.  Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for opinion.

In our opinion, the 2000 and 1999 financial statements referred to above present
fairly, in all material respects, the financial position of Midwest Loan
Services, Inc., as of December 31, 2000 and 1999, and the results of its
operations and its cash flows for the years then ended in conformity with
generally accepted accounting principles.

Our audit was conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole.  The supplemental information included in
the report (shown on pages 15-22) is presented for the purpose of additional
analysis and is not a required part of basic financial statements of Midwest
Loan Services, Inc.  Such information has been submitted to the auditing
procedures applied in the audit of the basic financial statements and, in our
opinion, is fairly stated in all material respects in relation to the financial
statements taken as a whole.

In accordance with Government Auditing Standards, we have also issued a report
dated March 8, 2001 on our consideration of Midwest Loan Services, Inc.,
internal controls and the reports dated December 31, 2000 and 1999 on its
compliance with laws and regulations.


/s/ Richard C. Woodbury
-------------------------
Richard C. Woodbury, CPA
March 8, 2001