FDIC Certificate #: 20367 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Fidelity Bank (#33883) Federal Reserve ID: 874041 Date Established: Febuary 16, 1971 WWW:http://www.fbebank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) FDIC's unique #: 14030 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: Febuary 16, 1971 Last Structure Change Effective Date: January 04, 2007 Last Structure Change Process Date: Febuary 20, 2007 Last Data Update: Febuary 20, 2007 Data Source Date: April 05, 2012
Location
Address: 1040 East Maple Road, Birmingham, MI 48012 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)
Financial Summary
Total assets: $218.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
67Total employees (full-time equivalent)
$218,041Total assets
$6,229Cash and due from depository institutions
$0Interest-bearing balances
$20,933Securities
$7,862Federal funds sold & reverse repurchase agreements
$175,481Net loans & leases
$1,704Loan loss allowance
$0Trading account assets
$4,712Bank premises and fixed assets
$580Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,244All other assets
$218,041Total liabilities and capital
$192,320Total liabilities
$189,372Total deposits
$168,828Interest-bearing deposits
$189,372Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,767Other borrowed funds
$0Subordinated debt
$1,181All other liabilities
$25,721Total equity capital
$25,721Total bank equity capital
$25,721Perpetual preferred stock
$0Common stock
$2,500Surplus
$9,500Undivided profits
Memoranda
$13,721Noncurrent loans and leases
$29,926Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$380Earning assets
$0Long-term assets (5+ years)
$1,234Average Assets, year-to-date
$204,276Average Assets, quarterly
$4,233Volatile liabilities
$236,794Insider loans
$226,360FHLB advances
$22,056Loans and leases held for sale
$4,967Unused loan commitments
$1,767Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$29,926Total unused commitments
$0Restructured Loans and leases
$1,704Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$15,911Total interest income
$4,839Total interest expense
$11,072Net interest income
$400Provision for loan and lease losses
$1,128Total noninterest income
$0Fiduciary activities
$685Service charges on deposit accounts
$0Trading account gains & fees
$443Additional noninterest income
$7,540Total noninterest expense
$4,578Salaries and employee benefits
$1,293Premises and equipment expense
$1,669Additional noninterest expense
$4,260Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$4,260Income before extraordinary items
$0Extraordinary gains - net
$4,260Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$496Sale, conversion, retirement of capital stock, net
$3,475Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.27%Yield on earning assets
2.21%Cost of funding earning assets
5.06%Net interest margin
0.52%Noninterest income to earning assets
3.45%Noninterest expense to earning assets
1.80%Net operating income to assets
1.80%Return on assets (ROA)
1.80%Pretax return on assets
16.94%Return on equity (ROE)
3.12%Retained earnings to average equity (YTD only)
0.27%Net charge-offs to loans
80.65%Credit loss provision to net charge-offs
9.40%Efficiency ratio
60,311Assets per employee
3.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
81.57%Loss allowance to loans
0.96%Loss allowance to noncurrent loans
448.42%Noncurrent assets plus other real estate owned to assets
0.44%Noncurrent loans to loans
0.21%Net loans and leases to deposits
92.66%Net loans and leases to core deposits
104.63%Equity capital to assets
11.80%Core capital (leverage) ratio
11.49%Tier 1 risk-based capital ratio
13.55%Total risk-based capital ratio
Memoranda
$14Average assets
$236,794Average earning assets
$25,142Average equity
$218,727Average loans
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