First of America Bank-Ann Arbor in city_name, state_name - Detailed Financial Reports, Location

First of America Bank-Ann Arbor in Ann Arbor, Michigan (MI)
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First of America Bank-Ann Arbor - Overview

General
FDIC Certificate #: 1598
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: National City Bank of the Midwest (#5029)
Federal Reserve ID: 638243
Date Established: April 11, 1905
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 37 (Interstate: No)
OTS Docket #: 12282
FDIC's unique #: 1042
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 31, 1994
Last Structure Change Process Date: Febuary 01, 1995
Last Data Update: Febuary 01, 1995
Data Source Date: April 05, 2012
Location
Address: 101 South Main Street, Ann Arbor, MI 48107
County: Washtenaw
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): 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)
Financial Summary
Total assets: $1,181.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$477Total assets
$1,123,212Cash and due from depository institutions
$56,223Interest-bearing balances
$0Securities
$221,128Federal funds sold & reverse repurchase agreements
$15,462Net loans & leases
$786,590Loan loss allowance
$11,738Trading account assets
$0Bank premises and fixed assets
$15,139Other real estate owned
$9,212Goodwill and other intangibles
$14,096Life insurance assets
$5,362All other assets
$0Total liabilities and capital
$1,123,212Total liabilities
$1,044,714Total deposits
$1,036,469Interest-bearing deposits
$835,401Deposits held in domestic offices
1036469.00%% insured (estimated)
$79Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$314Subordinated debt
$0All other liabilities
$7,931Total equity capital
$7,931Total bank equity capital
$78,498Perpetual preferred stock
$0Common stock
$21,122Surplus
$21,122Undivided profits
Memoranda
$36,254Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$10,340Income earned, not collected on loans
$3,935Earning assets
$1,023,180Long-term assets (5+ years)
$250,191Average Assets, year-to-date
$1,109,210Average Assets, quarterly
$1,116,769Volatile liabilities
$77,813Insider loans
$14,724FHLB advances
$0Loans and leases held for sale
$6,499Unused loan commitments
$177,370Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$72,131Total risk weighted assets
$735,877Total unused commitments
$0Restructured Loans and leases
$12,076Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$79,583Total interest expense
$29,046Net interest income
$50,537Provision for loan and lease losses
$13,167Total noninterest income
$13,775Fiduciary activities
$3,132Service charges on deposit accounts
$6,333Trading account gains & fees
$0Additional noninterest income
$4,310Total noninterest expense
$42,207Salaries and employee benefits
$12,919Premises and equipment expense
$4,176Additional noninterest expense
$25,112Pre-tax net operating income
$8,938Securities gains (losses)
$363Applicable income taxes
$2,465Income before extraordinary items
$6,836Extraordinary gains - net
$0Net income attributable to bank
$6,836Net charge-offs
$11,349Cash dividends
$3,100Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.90%Cost of funding earning assets
2.88%Net interest margin
5.01%Noninterest income to earning assets
1.37%Noninterest expense to earning assets
4.19%Net operating income to assets
0.59%Return on assets (ROA)
0.62%Pretax return on assets
0.84%Return on equity (ROE)
9.09%Retained earnings to average equity (YTD only)
4.97%Net charge-offs to loans
1.46%Credit loss provision to net charge-offs
116.02%Efficiency ratio
64,632Assets per employee
2.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
45.35%Loss allowance to loans
1.47%Loss allowance to noncurrent loans
113.52%Noncurrent assets plus other real estate owned to assets
1.74%Noncurrent loans to loans
1.30%Net loans and leases to deposits
75.89%Net loans and leases to core deposits
82.05%Equity capital to assets
6.99%Core capital (leverage) ratio
6.53%Tier 1 risk-based capital ratio
9.80%Total risk-based capital ratio
Memoranda
$11Average assets
$1,109,210Average earning assets
$75,230Average equity
$1,007,840Average loans

First of America Bank-Ann Arbor in Ann Arbor, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

First of America Bank-Ann Arbor - Overview

Assets and Liabilities (December 31, 1993)

Income and Expense (December 31, 1993)

Performance and Condition Ratios (December 31, 1993)

Comment about this bank, ask questions, or add new information about it:

First of America Bank-Ann Arbor in Ann Arbor, Michigan (MI)Overview, Financial Summary, Detailed Financial Reports, Branches

First of America Bank-Ann Arbor - Overview

Assets and Liabilities (December 31, 1993)

Income and Expense (December 31, 1993)

Performance and Condition Ratios (December 31, 1993)

Comment about this bank, ask questions, or add new information about it:

First of America Bank-Ann Arbor in Ann Arbor, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches