FDIC Certificate #: 34353 Status: Active Federal Reserve ID: 2382308 Bank Holding Company (Regulatory Top Holder): Crestmark Bancorp, Inc. (RSSDID: 2382296, Location: Troy, MI) Date Established: October 01, 1996 WWW:http://www.crestmark.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 57112 Numeric code: 21 Regulator: FDIC 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: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: October 01, 1996 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: 5480 Corporate Drive, Suite 350, Troy, MI 48098 County: Oakland 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
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $363.0 mil Equity capital: $44.9 mil Deposits held in domestic offices: $313.0 mil Return on assets (ROA): 3.20% ($11.6 mil) Quarterly return on assets: 3.28% ($11.9 mil) Return on Equity (ROE): 26.92% ($12.1 mil) Quarterly return on equity: 27.23% ($12.3 mil) Net income: $10.1 mil Quarterly Net income: $3.0 mil Pretax return on assets: 4.93% ($17,894.4 mil) Quarterly Pretax return on assets: 5.21% ($18,910.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
195Total employees (full-time equivalent)
$362,969Total assets
$19,998Cash and due from depository institutions
$0Interest-bearing balances
$13,114Securities
$0Federal funds sold & reverse repurchase agreements
$317,305Net loans & leases
$8,436Loan loss allowance
$0Trading account assets
$1,308Bank premises and fixed assets
$0Other real estate owned
$5,664Goodwill and other intangibles
$362,969Life insurance assets
$5,580All other assets
$317,217Total liabilities and capital
$312,990Total liabilities
$311,995Total deposits
$312,990Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$4,227Subordinated debt
$45,752All other liabilities
$44,948Total equity capital
$44,948Total bank equity capital
$0Perpetual preferred stock
$3,150Common stock
$24,583Surplus
$17,215Undivided profits
Memoranda
$804Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4,391Income earned, not collected on loans
$0Earning assets
$1,184Long-term assets (5+ years)
$330,419Average Assets, year-to-date
$8,218Average Assets, quarterly
$315,336Volatile liabilities
$361,699Insider loans
$336,394FHLB advances
$355,936Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$40,061Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$56,632Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$47,941Total interest income
$2,293Total interest expense
$45,648Net interest income
$1,916Provision for loan and lease losses
$2,540Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$2,540Additional noninterest income
$29,806Total noninterest expense
$20,224Salaries and employee benefits
$2,170Premises and equipment expense
$7,412Additional noninterest expense
$16,466Pre-tax net operating income
$0Securities gains (losses)
$5,451Applicable income taxes
$11,015Income before extraordinary items
$0Extraordinary gains - net
$10,080Net income attributable to bank
$935Net charge-offs
$11,015Cash dividends
-$433Sale, conversion, retirement of capital stock, net
$1,550Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
16.72%Yield on earning assets
0.80%Cost of funding earning assets
15.92%Net interest margin
0.89%Noninterest income to earning assets
10.40%Noninterest expense to earning assets
3.49%Net operating income to assets
3.20%Return on assets (ROA)
4.93%Pretax return on assets
26.92%Return on equity (ROE)
22.78%Retained earnings to average equity (YTD only)
-0.15%Net charge-offs to loans
-442.49%Credit loss provision to net charge-offs
0.00%Efficiency ratio
61,854Assets per employee
1.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
15.38%Loss allowance to loans
2.59%Loss allowance to noncurrent loans
192.12%Noncurrent assets plus other real estate owned to assets
1.21%Noncurrent loans to loans
1.35%Net loans and leases to deposits
101.38%Net loans and leases to core deposits
101.79%Equity capital to assets
12.38%Core capital (leverage) ratio
11.26%Tier 1 risk-based capital ratio
11.91%Total risk-based capital ratio
Memoranda
$13Average assets
$315,336Average earning assets
$37,448Average equity
$286,691Average loans
List of branches
1 Michigan Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
57112
Crestmark Bank
5480 Corporate Drive, Suite 350, Troy, MI 48098
October 01, 1996
Full Service Brick and Mortar
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