FDIC Certificate #: 30005 Status: Inactive Closing history: Corrections Acquiring institution:Talmer Bank and Trust (#58132) Federal Reserve ID: 791474 Date Established: January 01, 1937 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 25 (Interstate: No) OTS Docket #: 4531 FDIC's unique #: 42839 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: August 01, 1938 Last Structure Change Effective Date: April 30, 2010 Last Structure Change Process Date: May 03, 2010 Last Data Update: May 03, 2010 Data Source Date: April 05, 2012
Location
Address: 525 Water Street, Port Huron, MI 48060 County: St. Clair 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): Detroit, MI (#2160) 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): Detroit-Warren-Livonia, MI (#19820) CBSA Metro Statistical Area: Detroit-Warren-Livonia, MI (#19820) Core Based Statistical Division: Warren-Troy-Farmington Hills, MI (#47644)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $1,599.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
362Total employees (full-time equivalent)
$1,712,782Total assets
$123,143Cash and due from depository institutions
$108,322Interest-bearing balances
$237,899Securities
$0Federal funds sold & reverse repurchase agreements
$1,208,202Net loans & leases
$58,424Loan loss allowance
$0Trading account assets
$38,308Bank premises and fixed assets
$22,121Other real estate owned
$8,561Goodwill and other intangibles
$17,505Life insurance assets
$74,548All other assets
$1,712,782Total liabilities and capital
$1,735,321Total liabilities
$1,436,836Total deposits
$1,397,116Interest-bearing deposits
$1,436,836Deposits held in domestic offices
99.97%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$273,077Other borrowed funds
$0Subordinated debt
$25,408All other liabilities
$-22,539Total equity capital
$-22,539Total bank equity capital
$-22,539Perpetual preferred stock
$0Common stock
$523Surplus
$120,047Undivided profits
Memoranda
$-143,109Noncurrent loans and leases
$176,790Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$92,827Earning assets
$705Long-term assets (5+ years)
$7,864Average Assets, year-to-date
$1,554,423Average Assets, quarterly
$429,819Volatile liabilities
$1,863,543Insider loans
$1,766,143FHLB advances
$391,727Loans and leases held for sale
$5,666Unused loan commitments
$273,077Tier 1 (core) risk-based capital
$42,982Tier 2 risk-based capital
$3,218Total risk weighted assets
$176,790Total unused commitments
$89,012Restructured Loans and leases
$4,043Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$100,973Total interest income
$50,489Total interest expense
$50,484Net interest income
$93,602Provision for loan and lease losses
$8,755Total noninterest income
$1,272Fiduciary activities
$3,637Service charges on deposit accounts
$0Trading account gains & fees
$3,846Additional noninterest income
$53,279Total noninterest expense
$20,055Salaries and employee benefits
$6,283Premises and equipment expense
$26,941Additional noninterest expense
-$87,642Pre-tax net operating income
-$32,941Securities gains (losses)
-$2,406Applicable income taxes
-$118,177Income before extraordinary items
$0Extraordinary gains - net
-$118,177Net income attributable to bank
$0Net charge-offs
-$118,177Cash dividends
$61,651Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.98%Yield on earning assets
2.99%Cost of funding earning assets
2.99%Net interest margin
0.52%Noninterest income to earning assets
3.15%Noninterest expense to earning assets
-4.61%Net operating income to assets
-6.34%Return on assets (ROA)
-6.47%Pretax return on assets
-313.35%Return on equity (ROE)
-313.35%Retained earnings to average equity (YTD only)
4.54%Net charge-offs to loans
151.83%Credit loss provision to net charge-offs
0.10%Efficiency ratio
89,293Assets per employee
4.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.61%Loss allowance to noncurrent loans
62.94%Noncurrent assets plus other real estate owned to assets
6.71%Noncurrent loans to loans
7.33%Net loans and leases to deposits
84.09%Net loans and leases to core deposits
99.03%Equity capital to assets
-1.32%Core capital (leverage) ratio
0.23%Tier 1 risk-based capital ratio
0.28%Total risk-based capital ratio
Memoranda
$1Average assets
$1,863,543Average earning assets
$37,714Average equity
$1,689,400Average loans
Total Fiduciary and Related Assets (December 31, 2009)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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