FDIC Certificate #: 33883 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:The Huntington National Bank (#6560) Federal Reserve ID: 2171100 Bank Holding Company (Regulatory Top Holder): Dearborn Bancorp, Inc. (RSSDID: 2193906, Location: Dearborn, MI) Date Established: Febuary 28, 1994 WWW:http://www.fidbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 15 (Domestic: 15, Interstate: No) FDIC's unique #: 48191 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: Febuary 28, 1994 Last Structure Change Effective Date: March 30, 2012 Last Structure Change Process Date: April 02, 2012 Last Data Update: April 02, 2012 Data Source Date: April 05, 2012
Location
Address: 22290 Michigan Avenue, Dearborn, MI 48124 County: Wayne 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: Detroit-Livonia-Dearborn, MI (#19804)
Financial Summary
Total assets: $842.5 mil Equity capital: $39.5 mil Deposits held in domestic offices: $747.6 mil Return on assets (ROA): 0.19% ($1.6 mil) Quarterly return on assets: 0.04% ($0.3 mil) Return on Equity (ROE): 4.28% ($1.7 mil) Quarterly return on equity: 0.89% ($0.3 mil) Net income: $1.6 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.19% ($1,600.8 mil) Quarterly Pretax return on assets: 0.04% ($337.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
184Total employees (full-time equivalent)
$842,509Total assets
$128,233Cash and due from depository institutions
$120,089Interest-bearing balances
$32,058Securities
$52Federal funds sold & reverse repurchase agreements
$639,201Net loans & leases
$26,528Loan loss allowance
$0Trading account assets
$18,295Bank premises and fixed assets
$16,318Other real estate owned
$0Goodwill and other intangibles
$842,509Life insurance assets
$8,352All other assets
$803,044Total liabilities and capital
$747,640Total liabilities
$643,103Total deposits
$747,640Interest-bearing deposits
$93Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$53,668Trading liabilities
$0Other borrowed funds
$1,736Subordinated debt
$39,465All other liabilities
$39,465Total equity capital
$39,465Total bank equity capital
$0Perpetual preferred stock
$4,400Common stock
$107,019Surplus
$-71,954Undivided profits
Memoranda
$0Noncurrent loans and leases
$1,536Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$66,985Income earned, not collected on loans
$259Earning assets
$2,744Long-term assets (5+ years)
$791,400Average Assets, year-to-date
$58,089Average Assets, quarterly
$873,062Volatile liabilities
$844,134Insider loans
$690,906FHLB advances
$849,067Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$39,585Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$56,564Restructured Loans and leases
$624Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$41,448Total interest income
$7,658Total interest expense
$33,790Net interest income
$4,947Provision for loan and lease losses
$788Total noninterest income
$0Fiduciary activities
$1,304Service charges on deposit accounts
$0Trading account gains & fees
-$516Additional noninterest income
$28,333Total noninterest expense
$12,084Salaries and employee benefits
$2,766Premises and equipment expense
$13,483Additional noninterest expense
$1,298Pre-tax net operating income
$332Securities gains (losses)
$0Applicable income taxes
$1,630Income before extraordinary items
$0Extraordinary gains - net
$1,630Net income attributable to bank
$0Net charge-offs
$1,630Cash dividends
$6,390Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.06%Yield on earning assets
0.94%Cost of funding earning assets
4.13%Net interest margin
0.10%Noninterest income to earning assets
3.46%Noninterest expense to earning assets
0.15%Net operating income to assets
0.19%Return on assets (ROA)
0.19%Pretax return on assets
4.28%Return on equity (ROE)
4.28%Retained earnings to average equity (YTD only)
0.91%Net charge-offs to loans
77.42%Credit loss provision to net charge-offs
0.98%Efficiency ratio
81,939Assets per employee
4.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.98%Loss allowance to noncurrent loans
39.60%Noncurrent assets plus other real estate owned to assets
9.89%Noncurrent loans to loans
10.06%Net loans and leases to deposits
85.50%Net loans and leases to core deposits
89.42%Equity capital to assets
4.68%Core capital (leverage) ratio
4.66%Tier 1 risk-based capital ratio
5.73%Total risk-based capital ratio
Memoranda
$7Average assets
$873,062Average earning assets
$38,049Average equity
$818,377Average loans
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