First of America Bank-West Michigan, National Association in city_name, state_name

First of America Bank-West Michigan, National Association in Grand Rapids, Michigan (MI)
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First of America Bank-West Michigan, National Association - Overview

General
FDIC Certificate #: 28628
Status: Inactive
Closing history: Change in Primary Regulatory Agency
Acquiring institution: National City Bank of the Midwest (#5029)
Federal Reserve ID: 369770
Date Established: January 01, 1888
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 36 (Interstate: No)
OTS Docket #: 1987
FDIC's unique #: 41462
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
SAIF Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: December 20, 1935
Last Structure Change Effective Date: March 31, 1995
Last Structure Change Process Date: April 17, 1995
Last Data Update: April 17, 1995
Data Source Date: April 05, 2012
Location
Address: 171 Monroe Avenue, Nw, Grand Rapids, MI 49503
County: Kent
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): Grand Rapids-Muskegon-Holland, MI (#3000)
Combined Statistical Area (CSA): Grand Rapids-Muskegon-Holland, MI (#266)
Core Based Statistical Area (CBSA): Grand Rapids-Wyoming, MI (#24340)
CBSA Metro Statistical Area: Grand Rapids-Wyoming, MI (#24340)
History of Changes
Merger - Without Assistance
Corrections
Name Change
Change in Primary Regulatory Agency
Financial Summary
Total assets: $1,353.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$479Total assets
$1,353,158Cash and due from depository institutions
$51,452Interest-bearing balances
$0Securities
$317,286Federal funds sold & reverse repurchase agreements
$45Net loans & leases
$923,584Loan loss allowance
$9,145Trading account assets
$0Bank premises and fixed assets
$30,284Other real estate owned
$1,260Goodwill and other intangibles
$21,703Life insurance assets
$7,544All other assets
$0Total liabilities and capital
$1,353,158Total liabilities
$1,260,437Total deposits
$1,037,686Interest-bearing deposits
$886,308Deposits held in domestic offices
1037686.00%% insured (estimated)
$74Federal funds purchased & repurchase agreements
$125,231Trading liabilities
$0Other borrowed funds
$91,128Subordinated debt
$0All other liabilities
$6,392Total equity capital
$6,392Total bank equity capital
$92,721Perpetual preferred stock
$0Common stock
$20,910Surplus
$50,088Undivided profits
Memoranda
$21,723Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4,018Income earned, not collected on loans
$5,233Earning assets
$1,240,915Long-term assets (5+ years)
$379,404Average Assets, year-to-date
$1,251,443Average Assets, quarterly
$1,338,278Volatile liabilities
$288,166Insider loans
$14,249FHLB advances
$0Loans and leases held for sale
$2,029Unused loan commitments
$365,566Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$89,327Total risk weighted assets
$934,020Total unused commitments
$0Restructured Loans and leases
$80,245Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$85,901Total interest expense
$37,758Net interest income
$48,143Provision for loan and lease losses
$3,600Total noninterest income
$15,103Fiduciary activities
$3,092Service charges on deposit accounts
$5,626Trading account gains & fees
$0Additional noninterest income
$6,385Total noninterest expense
$41,455Salaries and employee benefits
$13,572Premises and equipment expense
$4,444Additional noninterest expense
$23,439Pre-tax net operating income
$18,191Securities gains (losses)
$772Applicable income taxes
$6,237Income before extraordinary items
$12,726Extraordinary gains - net
$0Net income attributable to bank
$12,726Net charge-offs
$2,801Cash dividends
$1,400Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.51%Cost of funding earning assets
3.30%Net interest margin
4.21%Noninterest income to earning assets
1.32%Noninterest expense to earning assets
3.62%Net operating income to assets
0.98%Return on assets (ROA)
1.02%Pretax return on assets
1.52%Return on equity (ROE)
14.06%Retained earnings to average equity (YTD only)
12.52%Net charge-offs to loans
0.33%Credit loss provision to net charge-offs
128.53%Efficiency ratio
64,418Assets per employee
2.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
11.00%Loss allowance to loans
0.98%Loss allowance to noncurrent loans
227.60%Noncurrent assets plus other real estate owned to assets
0.39%Noncurrent loans to loans
0.43%Net loans and leases to deposits
89.00%Net loans and leases to core deposits
100.97%Equity capital to assets
6.85%Core capital (leverage) ratio
6.72%Tier 1 risk-based capital ratio
9.56%Total risk-based capital ratio
Memoranda
$11Average assets
$1,251,443Average earning assets
$90,498Average equity
$1,144,347Average loans

First of America Bank-West Michigan, National Association in Grand Rapids, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

First of America Bank-West Michigan, National Association - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

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

First of America Bank-West Michigan, National Association in Grand Rapids, Michigan (MI)Overview, Financial Summary, Detailed Financial Reports, Branches

First of America Bank-West Michigan, National Association - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

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

First of America Bank-West Michigan, National Association in Grand Rapids, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches