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

First of America Bank-Security in Southgate, Michigan (MI)
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First of America Bank-Security - Overview

General
FDIC Certificate #: 14539
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First of America Bank-Southeast Michigan, National Association (#16774)
Federal Reserve ID: 302245
Date Established: January 01, 1918
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 55 (Interstate: No)
FDIC's unique #: 9086
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: May 20, 1994
Last Structure Change Process Date: June 13, 1994
Last Data Update: June 13, 1994
Data Source Date: April 05, 2012
Location
Address: 16333 Trenton Road, Southgate, MI 48195
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: $1,947.5 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)
$820Total assets
$2,015,824Cash and due from depository institutions
$62,909Interest-bearing balances
$0Securities
$499,519Federal funds sold & reverse repurchase agreements
$2,011Net loans & leases
$1,385,829Loan loss allowance
$23,938Trading account assets
$0Bank premises and fixed assets
$32,627Other real estate owned
$3,124Goodwill and other intangibles
$29,527Life insurance assets
$278All other assets
$0Total liabilities and capital
$2,015,824Total liabilities
$1,872,341Total deposits
$1,725,870Interest-bearing deposits
$1,508,934Deposits held in domestic offices
1725870.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$128,258Trading liabilities
$0Other borrowed funds
$363Subordinated debt
$0All other liabilities
$17,850Total equity capital
$17,850Total bank equity capital
$143,483Perpetual preferred stock
$0Common stock
$23,730Surplus
$67,261Undivided profits
Memoranda
$52,492Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$12,104Income earned, not collected on loans
$7,075Earning assets
$1,887,359Long-term assets (5+ years)
$414,146Average Assets, year-to-date
$1,998,601Average Assets, quarterly
$2,016,388Volatile liabilities
$271,427Insider loans
$6,954FHLB advances
$0Loans and leases held for sale
$1,144Unused loan commitments
$4,825,002Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$141,516Total risk weighted assets
$1,453,483Total unused commitments
$0Restructured Loans and leases
$19,586Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$181,758Total interest expense
$59,584Net interest income
$122,174Provision for loan and lease losses
$21,051Total noninterest income
$33,082Fiduciary activities
$3,724Service charges on deposit accounts
$7,144Trading account gains & fees
$30Additional noninterest income
$22,184Total noninterest expense
$86,226Salaries and employee benefits
$25,313Premises and equipment expense
$6,622Additional noninterest expense
$54,291Pre-tax net operating income
$47,979Securities gains (losses)
$1,102Applicable income taxes
$15,894Income before extraordinary items
$33,187Extraordinary gains - net
$0Net income attributable to bank
$33,187Net charge-offs
$23,764Cash dividends
$28,400Sale, 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
9.81%Cost of funding earning assets
3.22%Net interest margin
6.59%Noninterest income to earning assets
1.79%Noninterest expense to earning assets
4.65%Net operating income to assets
1.62%Return on assets (ROA)
1.66%Pretax return on assets
2.46%Return on equity (ROE)
23.60%Retained earnings to average equity (YTD only)
3.40%Net charge-offs to loans
1.70%Credit loss provision to net charge-offs
88.58%Efficiency ratio
55,523Assets per employee
2.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
85.58%Loss allowance to loans
1.70%Loss allowance to noncurrent loans
197.77%Noncurrent assets plus other real estate owned to assets
0.76%Noncurrent loans to loans
0.86%Net loans and leases to deposits
80.30%Net loans and leases to core deposits
87.54%Equity capital to assets
7.12%Core capital (leverage) ratio
7.10%Tier 1 risk-based capital ratio
9.74%Total risk-based capital ratio
Memoranda
$11Average assets
$1,998,601Average earning assets
$140,614Average equity
$1,852,849Average loans

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

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

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