Bank One, Fenton, National Association in Fenton, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 1995

  • Bank One, Fenton, National Association in Fenton, Michigan (MI)
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Bank One, Fenton, National Association - Overview

  • General
  • FDIC Certificate #: 19315
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens Bank (#986)
    Federal Reserve ID: 601546
    Date Established: December 17, 1964
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 13128
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: December 17, 1964
    Last Structure Change Effective Date: March 01, 1995
    Last Structure Change Process Date: April 13, 1995
    Last Data Update: April 13, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 226 West Caroline Street, Fenton, MI 48430
    County: Genesee
    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): Flint, MI (#2640)
    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): Flint, MI (#22420)
    CBSA Metro Statistical Area: Flint, MI (#22420)
  • Financial Summary
  • Total assets: $163.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $67Total assets
  • $163,847Cash and due from depository institutions
  • $2,766Interest-bearing balances
  • $0Securities
  • $9,972Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $146,930Loan loss allowance
  • $1,824Trading account assets
  • $0Bank premises and fixed assets
  • $923Other real estate owned
  • $1,052Goodwill and other intangibles
  • $2,204Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $163,847Total liabilities
  • $150,787Total deposits
  • $118,081Interest-bearing deposits
  • $101,571Deposits held in domestic offices
  • 118081.00%% insured (estimated)
  • $85Federal funds purchased & repurchase agreements
  • $28,286Trading liabilities
  • $0Other borrowed funds
  • $960Subordinated debt
  • $2,000All other liabilities
  • $1,460Total equity capital
  • $1,460Total bank equity capital
  • $13,060Perpetual preferred stock
  • $0Common stock
  • $872Surplus
  • $1,172Undivided profits
  • Memoranda
  • $11,016Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,492Income earned, not collected on loans
  • $880Earning assets
  • $156,902Long-term assets (5+ years)
  • $2,286Average Assets, year-to-date
  • $149,674Average Assets, quarterly
  • $161,633Volatile liabilities
  • $42,744Insider loans
  • $2,947FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $59,453Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $13,367Total risk weighted assets
  • $150,468Total unused commitments
  • $0Restructured Loans and leases
  • $91,193Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $11,722Total interest expense
  • $4,620Net interest income
  • $7,102Provision for loan and lease losses
  • $584Total noninterest income
  • $1,590Fiduciary activities
  • $0Service charges on deposit accounts
  • $467Trading account gains & fees
  • $0Additional noninterest income
  • $1,123Total noninterest expense
  • $5,450Salaries and employee benefits
  • $1,802Premises and equipment expense
  • $472Additional noninterest expense
  • $3,176Pre-tax net operating income
  • $2,658Securities gains (losses)
  • -$4Applicable income taxes
  • $890Income before extraordinary items
  • $1,764Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,764Net charge-offs
  • $273Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.18%Cost of funding earning assets
  • 3.22%Net interest margin
  • 4.95%Noninterest income to earning assets
  • 1.11%Noninterest expense to earning assets
  • 3.80%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.18%Pretax return on assets
  • 1.77%Return on equity (ROE)
  • 14.35%Retained earnings to average equity (YTD only)
  • 14.35%Net charge-offs to loans
  • 0.20%Credit loss provision to net charge-offs
  • 213.92%Efficiency ratio
  • 62,701Assets per employee
  • 2.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 122.25%Noncurrent assets plus other real estate owned to assets
  • 1.55%Noncurrent loans to loans
  • 1.00%Net loans and leases to deposits
  • 124.43%Net loans and leases to core deposits
  • 140.49%Equity capital to assets
  • 7.97%Core capital (leverage) ratio
  • 8.28%Tier 1 risk-based capital ratio
  • 8.88%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $149,674Average earning assets
  • $12,297Average equity
  • $143,362Average loans

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