Heritage Federal Savings Bank in Taylor, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 04, 1993

  • Heritage Federal Savings Bank in Taylor, Michigan (MI)
  • Show street view No street view available for this location

Heritage Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29316
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Standard Federal Bank (#27714)
    Federal Reserve ID: 46978
    Date Established: January 01, 1934
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3270
    FDIC's unique #: 42150
    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: Febuary 12, 1935
    Last Structure Change Effective Date: December 04, 1993
    Last Structure Change Process Date: December 30, 1993
    Last Data Update: December 30, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 20600 Eureka Road, Taylor, MI 48180
    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: $898.6 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $392Total assets
  • $930,129Cash and due from depository institutions
  • $44,701Interest-bearing balances
  • $26,988Securities
  • $302,555Federal funds sold & reverse repurchase agreements
  • $41,000Net loans & leases
  • $486,474Loan loss allowance
  • $5,812Trading account assets
  • $0Bank premises and fixed assets
  • $20,263Other real estate owned
  • $5,545Goodwill and other intangibles
  • $24,799Life insurance assets
  • $4,792All other assets
  • $0Total liabilities and capital
  • $930,129Total liabilities
  • $868,724Total deposits
  • $811,691Interest-bearing deposits
  • $799,456Deposits held in domestic offices
  • 811691.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $50,982Subordinated debt
  • $0All other liabilities
  • $6,051Total equity capital
  • $6,051Total bank equity capital
  • $61,405Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $18,524Undivided profits
  • Memoranda
  • $42,880Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,984Income earned, not collected on loans
  • $7,017Earning assets
  • $857,017Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $930,591Average Assets, quarterly
  • $929,754Volatile liabilities
  • $133,318Insider loans
  • $0FHLB advances
  • $26,735Loans and leases held for sale
  • $0Unused loan commitments
  • $18,899Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $60,614Total risk weighted assets
  • $391,138Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $72,377Total interest expense
  • $42,610Net interest income
  • $29,767Provision for loan and lease losses
  • $1,450Total noninterest income
  • $2,769Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $2,769Total noninterest expense
  • $21,058Salaries and employee benefits
  • $7,968Premises and equipment expense
  • $4,086Additional noninterest expense
  • $9,004Pre-tax net operating income
  • $10,028Securities gains (losses)
  • $25Applicable income taxes
  • $3,674Income before extraordinary items
  • $6,379Extraordinary gains - net
  • $492Net income attributable to bank
  • $6,871Net charge-offs
  • $273Cash dividends
  • $1,900Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.37%Cost of funding earning assets
  • 4.93%Net interest margin
  • 3.44%Noninterest income to earning assets
  • 0.32%Noninterest expense to earning assets
  • 2.44%Net operating income to assets
  • 0.68%Return on assets (ROA)
  • 0.74%Pretax return on assets
  • 1.13%Return on equity (ROE)
  • 11.69%Retained earnings to average equity (YTD only)
  • 8.45%Net charge-offs to loans
  • 0.06%Credit loss provision to net charge-offs
  • 531.14%Efficiency ratio
  • 61,919Assets per employee
  • 2.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 27.65%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 116.61%Noncurrent assets plus other real estate owned to assets
  • 1.13%Noncurrent loans to loans
  • 1.01%Net loans and leases to deposits
  • 59.93%Net loans and leases to core deposits
  • 66.70%Equity capital to assets
  • 6.60%Core capital (leverage) ratio
  • 6.56%Tier 1 risk-based capital ratio
  • 15.50%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $930,591Average earning assets
  • $58,801Average equity
  • $864,497Average loans

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