BANK OF WASHTENAW in Saline, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 30, 2004

  • BANK OF WASHTENAW in Saline, Michigan (MI)
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BANK OF WASHTENAW - Overview

  • General
  • FDIC Certificate #: 57070
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fidelity Bank (#33883)
    Federal Reserve ID: 2960742
    Date Established: January 08, 2001
    WWW: http://www.bankofwashtenaw.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 356789
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 08, 2001
    Last Structure Change Effective Date: October 30, 2004
    Last Structure Change Process Date: November 10, 2004
    Last Data Update: November 10, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 450 Michigan Avenue, Saline, MI 48176
    County: Washtenaw
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Detroit
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Ann Arbor, MI (#440)
    Consolidated Metropolitan Statistical Area (CMSA): Detroit-Ann Arbor-Flint, MI (#35)
    Combined Statistical Area (CSA): Detroit-Warren-Flint, MI (#220)
    Core Based Statistical Area (CBSA): Ann Arbor, MI (#11460)
    CBSA Metro Statistical Area: Ann Arbor, MI (#11460)
  • Financial Summary
  • Total assets: $76.4 mil

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2003)

  • Dollar figures in thousands
  • 18Total employees (full-time equivalent)
  • $73,258Total assets
  • $31Cash and due from depository institutions
  • $0Interest-bearing balances
  • $0Securities
  • $7,138Federal funds sold & reverse repurchase agreements
  • $64,594Net loans & leases
  • $739Loan loss allowance
  • $0Trading account assets
  • $746Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $749All other assets
  • $73,258Total liabilities and capital
  • $66,183Total liabilities
  • $61,585Total deposits
  • $52,372Interest-bearing deposits
  • $61,585Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,165Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $433All other liabilities
  • $7,075Total equity capital
  • $7,075Total bank equity capital
  • $7,075Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $6,500Undivided profits
  • Memoranda
  • $-1,425Noncurrent loans and leases
  • $20,486Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2Earning assets
  • $0Long-term assets (5+ years)
  • $249Average Assets, year-to-date
  • $71,732Average Assets, quarterly
  • $9,638Volatile liabilities
  • $67,015Insider loans
  • $72,347FHLB advances
  • $19,214Loans and leases held for sale
  • $992Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $20,486Total unused commitments
  • $713Restructured Loans and leases
  • $739Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $3,962Total interest income
  • $1,361Total interest expense
  • $2,601Net interest income
  • $213Provision for loan and lease losses
  • $401Total noninterest income
  • $0Fiduciary activities
  • $193Service charges on deposit accounts
  • $0Trading account gains & fees
  • $208Additional noninterest income
  • $2,938Total noninterest expense
  • $1,272Salaries and employee benefits
  • $699Premises and equipment expense
  • $967Additional noninterest expense
  • -$149Pre-tax net operating income
  • $0Securities gains (losses)
  • -$49Applicable income taxes
  • -$100Income before extraordinary items
  • $0Extraordinary gains - net
  • -$100Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $34Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.23%Yield on earning assets
  • 2.14%Cost of funding earning assets
  • 4.09%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 4.62%Noninterest expense to earning assets
  • -0.15%Net operating income to assets
  • -0.15%Return on assets (ROA)
  • -0.22%Pretax return on assets
  • -1.47%Return on equity (ROE)
  • -1.47%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 626.47%Credit loss provision to net charge-offs
  • 1.88%Efficiency ratio
  • 97,868Assets per employee
  • 4.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.13%Loss allowance to noncurrent loans
  • 36950.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 104.89%Net loans and leases to core deposits
  • 138.80%Equity capital to assets
  • 9.66%Core capital (leverage) ratio
  • 9.61%Tier 1 risk-based capital ratio
  • 10.90%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $67,015Average earning assets
  • $6,825Average equity
  • $63,582Average loans

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