Fidelity Savings Bank, F.S.B. in Kalamazoo, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 12, 1996

Fidelity Savings Bank, F.S.B. in Kalamazoo, Michigan (MI)
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Fidelity Savings Bank, F.S.B. - Overview

General
FDIC Certificate #: 28397
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Standard Federal Bank (#27714)
Federal Reserve ID: 525473
Date Established: January 01, 1897
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 1510
FDIC's unique #: 41231
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: January 08, 1938
Last Structure Change Effective Date: January 12, 1996
Last Structure Change Process Date: March 15, 1996
Last Data Update: March 15, 1996
Data Source Date: April 05, 2012
Location
Address: 315 S Kalamazoo Mall, Kalamazoo, MI 49006
County: Kalamazoo
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Grand Rapids
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Kalamazoo-Battle Creek, MI (#3720)
Core Based Statistical Area (CBSA): Kalamazoo-Portage, MI (#28020)
CBSA Metro Statistical Area: Kalamazoo-Portage, MI (#28020)
Financial Summary
Total assets: $164.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$55Total assets
$164,034Cash and due from depository institutions
$3,523Interest-bearing balances
$2,320Securities
$40,555Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$113,572Loan loss allowance
$765Trading account assets
$0Bank premises and fixed assets
$2,677Other real estate owned
$105Goodwill and other intangibles
$3,602Life insurance assets
$0All other assets
$0Total liabilities and capital
$164,034Total liabilities
$146,048Total deposits
$126,790Interest-bearing deposits
$126,790Deposits held in domestic offices
126790.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$18,231Subordinated debt
$0All other liabilities
$1,027Total equity capital
$1,027Total bank equity capital
$17,986Perpetual preferred stock
$0Common stock
$11Surplus
$9,425Undivided profits
Memoranda
$8,550Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$401Income earned, not collected on loans
$663Earning assets
$156,447Long-term assets (5+ years)
$0Average Assets, year-to-date
$164,139Average Assets, quarterly
$164,630Volatile liabilities
$28,236Insider loans
$559FHLB advances
$17,512Loans and leases held for sale
$0Unused loan commitments
$8,718Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$17,950Total risk weighted assets
$79,253Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$11,100Total interest expense
$7,021Net interest income
$4,079Provision for loan and lease losses
$34Total noninterest income
$774Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$774Total noninterest expense
$4,654Salaries and employee benefits
$2,918Premises and equipment expense
$878Additional noninterest expense
$858Pre-tax net operating income
$165Securities gains (losses)
$30Applicable income taxes
$35Income before extraordinary items
$160Extraordinary gains - net
$0Net income attributable to bank
$160Net charge-offs
$21Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.11%Cost of funding earning assets
4.50%Net interest margin
2.61%Noninterest income to earning assets
0.50%Noninterest expense to earning assets
2.98%Net operating income to assets
0.08%Return on assets (ROA)
0.10%Pretax return on assets
0.12%Return on equity (ROE)
0.92%Retained earnings to average equity (YTD only)
0.92%Net charge-offs to loans
0.02%Credit loss provision to net charge-offs
161.90%Efficiency ratio
95,899Assets per employee
2.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.67%Loss allowance to noncurrent loans
190.77%Noncurrent assets plus other real estate owned to assets
0.31%Noncurrent loans to loans
0.35%Net loans and leases to deposits
89.57%Net loans and leases to core deposits
97.25%Equity capital to assets
10.96%Core capital (leverage) ratio
10.98%Tier 1 risk-based capital ratio
22.65%Total risk-based capital ratio
Memoranda
$24Average assets
$164,139Average earning assets
$17,352Average equity
$156,150Average loans

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