FDIC Certificate #: 1006 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Deposit Insurance National Bank of New Baltimore (#59022) Federal Reserve ID: 84345 Date Established: June 03, 1922 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) FDIC's unique #: 665 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: December 18, 2009 Last Structure Change Process Date: December 22, 2009 Last Data Update: December 22, 2009 Data Source Date: April 05, 2012
Location
Address: 51066 Washington Street, New Baltimore, MI 48047 County: Macomb 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)
Financial Summary
Total assets: $168.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
64Total employees (full-time equivalent)
$199,341Total assets
$4,271Cash and due from depository institutions
$50Interest-bearing balances
$13,833Securities
$14,050Federal funds sold & reverse repurchase agreements
$146,280Net loans & leases
$3,705Loan loss allowance
$0Trading account assets
$6,018Bank premises and fixed assets
$6,674Other real estate owned
$32Goodwill and other intangibles
$2,940Life insurance assets
$8,183All other assets
$199,341Total liabilities and capital
$186,078Total liabilities
$174,304Total deposits
$144,938Interest-bearing deposits
$174,304Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$9,375Other borrowed funds
$0Subordinated debt
$2,399All other liabilities
$13,263Total equity capital
$13,263Total bank equity capital
$13,263Perpetual preferred stock
$0Common stock
$360Surplus
$14,636Undivided profits
Memoranda
$-1,733Noncurrent loans and leases
$18,009Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$11,610Earning assets
$0Long-term assets (5+ years)
$656Average Assets, year-to-date
$174,213Average Assets, quarterly
$19,343Volatile liabilities
$196,281Insider loans
$198,620FHLB advances
$37,358Loans and leases held for sale
$2,185Unused loan commitments
$8,800Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$18,009Total unused commitments
$7,590Restructured Loans and leases
$2,124Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$10,486Total interest income
$4,193Total interest expense
$6,293Net interest income
$5,866Provision for loan and lease losses
-$1Total noninterest income
$0Fiduciary activities
$635Service charges on deposit accounts
$0Trading account gains & fees
-$636Additional noninterest income
$7,816Total noninterest expense
$4,145Salaries and employee benefits
$959Premises and equipment expense
$2,712Additional noninterest expense
-$7,390Pre-tax net operating income
-$525Securities gains (losses)
-$1,516Applicable income taxes
-$6,399Income before extraordinary items
$0Extraordinary gains - net
-$6,399Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$4,769Sale, conversion, retirement of capital stock, net
$484Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.07%Yield on earning assets
2.43%Cost of funding earning assets
3.64%Net interest margin
-0.00%Noninterest income to earning assets
4.52%Noninterest expense to earning assets
-3.04%Net operating income to assets
-3.26%Return on assets (ROA)
-4.03%Pretax return on assets
-36.30%Return on equity (ROE)
-39.04%Retained earnings to average equity (YTD only)
3.13%Net charge-offs to loans
123.00%Credit loss provision to net charge-offs
-0.32%Efficiency ratio
124,221Assets per employee
3.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
-7.56%Loss allowance to loans
2.47%Loss allowance to noncurrent loans
31.91%Noncurrent assets plus other real estate owned to assets
9.17%Noncurrent loans to loans
7.74%Net loans and leases to deposits
83.92%Net loans and leases to core deposits
102.48%Equity capital to assets
6.65%Core capital (leverage) ratio
6.89%Tier 1 risk-based capital ratio
7.87%Total risk-based capital ratio
Memoranda
$9Average assets
$196,281Average earning assets
$17,629Average equity
$172,836Average loans
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