Comerica Bank & Trust, National Association - Overview
General
FDIC Certificate #: 1596 Status: Active Federal Reserve ID: 772446 Bank Holding Company (Regulatory Top Holder): Comerica Incorporated (RSSDID: 1199844, Location: Dallas, TX) Date Established: Febuary 29, 1908 WWW:http://www.comerica.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 1040 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 101 North Main Street, Ann Arbor, MI 48104 County: Washtenaw Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Dallas 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)
History of Changes
Corrections
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $16.8 mil Equity capital: $14.8 mil Deposits held in domestic offices: $0.5 mil Return on assets (ROA): 28.04% ($4.8 mil) Quarterly return on assets: 0.71% ($0.1 mil) Return on Equity (ROE): 30.98% ($4.6 mil) Quarterly return on equity: 0.79% ($0.1 mil) Net income: $5.6 mil Quarterly Net income: $0.0 mil Pretax return on assets: 43.94% ($7,394.2 mil) Quarterly Pretax return on assets: 1.37% ($230.5 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
68Total employees (full-time equivalent)
$16,828Total assets
$4,212Cash and due from depository institutions
$0Interest-bearing balances
$0Securities
$7,576Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$74Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$16,828Life insurance assets
$4,966All other assets
$2,078Total liabilities and capital
$521Total liabilities
$0Total deposits
$521Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,557Subordinated debt
$14,750All other liabilities
$14,750Total equity capital
$14,750Total bank equity capital
$0Perpetual preferred stock
$1,450Common stock
$2,207Surplus
$11,093Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$5Long-term assets (5+ years)
$7,576Average Assets, year-to-date
$0Average Assets, quarterly
$19,961Volatile liabilities
$20,179Insider loans
$7,398FHLB advances
$22,598Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$14,750Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$15Total interest income
$0Total interest expense
$15Net interest income
$0Provision for loan and lease losses
$31,532Total noninterest income
$28,900Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$2,632Additional noninterest income
$22,776Total noninterest expense
$5,912Salaries and employee benefits
$216Premises and equipment expense
$16,648Additional noninterest expense
$8,771Pre-tax net operating income
$0Securities gains (losses)
$3,175Applicable income taxes
$5,596Income before extraordinary items
$0Extraordinary gains - net
$5,596Net income attributable to bank
$0Net charge-offs
$5,596Cash dividends
$0Sale, conversion, retirement of capital stock, net
$7,000Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.20%Yield on earning assets
0.00%Cost of funding earning assets
0.20%Net interest margin
416.23%Noninterest income to earning assets
300.65%Noninterest expense to earning assets
28.04%Net operating income to assets
28.04%Return on assets (ROA)
43.94%Pretax return on assets
30.98%Return on equity (ROE)
-7.77%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
72,197Assets per employee
0.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
125.09%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
87.65%Core capital (leverage) ratio
65.27%Tier 1 risk-based capital ratio
199.38%Total risk-based capital ratio
Memoranda
$199Average assets
$19,961Average earning assets
$18,064Average equity
$7,576Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Comerica Bank & Trust, National Association.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: