LaSalle Bank Midwest National Association in Troy, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 17, 2008

  • LaSalle Bank Midwest National Association in Troy, Michigan (MI)
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LaSalle Bank Midwest National Association - Overview

  • General
  • FDIC Certificate #: 22488
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of America, National Association (#3510)
    Federal Reserve ID: 445843
    Date Established: June 27, 1977
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 267 (Interstate: No)
    OTS Docket #: 11760
    FDIC's unique #: 15682
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: June 27, 1977
    Last Structure Change Effective Date: October 17, 2008
    Last Structure Change Process Date: November 07, 2008
    Last Data Update: November 07, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 2600 West Big Beaver Road, Troy, MI 48084
    County: Oakland
    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: Warren-Troy-Farmington Hills, MI (#47644)
  • Financial Summary
  • Total assets: $37,562.9 mil

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2007)

  • Dollar figures in thousands
  • 3,546Total employees (full-time equivalent)
  • $36,921,668Total assets
  • $730,468Cash and due from depository institutions
  • $0Interest-bearing balances
  • $82,839Securities
  • $11,320,441Federal funds sold & reverse repurchase agreements
  • $19,175,220Net loans & leases
  • $201,093Loan loss allowance
  • $60,540Trading account assets
  • $259,956Bank premises and fixed assets
  • $74,271Other real estate owned
  • $3,830,972Goodwill and other intangibles
  • $689,509Life insurance assets
  • $1,386,961All other assets
  • $36,921,668Total liabilities and capital
  • $31,050,994Total liabilities
  • $25,235,308Total deposits
  • $22,441,609Interest-bearing deposits
  • $24,802,410Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $571,658Federal funds purchased & repurchase agreements
  • $48,352Trading liabilities
  • $4,700,632Other borrowed funds
  • $200,000Subordinated debt
  • $295,044All other liabilities
  • $5,870,674Total equity capital
  • $5,870,674Total bank equity capital
  • $5,870,674Perpetual preferred stock
  • $0Common stock
  • $84,915Surplus
  • $5,755,156Undivided profits
  • Memoranda
  • $30,603Noncurrent loans and leases
  • $7,785,189Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $583,297Earning assets
  • $111,435Long-term assets (5+ years)
  • $129,136Average Assets, year-to-date
  • $30,590,532Average Assets, quarterly
  • $6,051,282Volatile liabilities
  • $40,248,240Insider loans
  • $36,357,873FHLB advances
  • $5,471,008Loans and leases held for sale
  • $0Unused loan commitments
  • $4,300,168Tier 1 (core) risk-based capital
  • $6,163,926Tier 2 risk-based capital
  • $87,632Total risk weighted assets
  • $7,785,189Total unused commitments
  • $0Restructured Loans and leases
  • $339,675Derivatives
  • $1,821,896Total assets and liabilities in foreign offices

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $463,082Total interest income
  • $281,853Total interest expense
  • $181,229Net interest income
  • $1,432Provision for loan and lease losses
  • $40,457Total noninterest income
  • $33Fiduciary activities
  • $31,410Service charges on deposit accounts
  • -$249Trading account gains & fees
  • $9,263Additional noninterest income
  • $174,954Total noninterest expense
  • $58,044Salaries and employee benefits
  • $16,583Premises and equipment expense
  • $100,327Additional noninterest expense
  • $45,300Pre-tax net operating income
  • $0Securities gains (losses)
  • $14,749Applicable income taxes
  • $30,551Income before extraordinary items
  • $52Extraordinary gains - net
  • $30,603Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$2,305Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 1.45%Yield on earning assets
  • 0.88%Cost of funding earning assets
  • 0.57%Net interest margin
  • 0.13%Noninterest income to earning assets
  • 0.55%Noninterest expense to earning assets
  • 0.08%Net operating income to assets
  • 0.08%Return on assets (ROA)
  • 0.11%Pretax return on assets
  • 0.50%Return on equity (ROE)
  • 0.50%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -62.13%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 71,155Assets per employee
  • 10.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.04%Loss allowance to noncurrent loans
  • 34.48%Noncurrent assets plus other real estate owned to assets
  • 1.78%Noncurrent loans to loans
  • 3.01%Net loans and leases to deposits
  • 75.99%Net loans and leases to core deposits
  • 84.31%Equity capital to assets
  • 15.90%Core capital (leverage) ratio
  • 6.19%Tier 1 risk-based capital ratio
  • 9.73%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $40,248,240Average earning assets
  • $6,094,344Average equity
  • $31,883,435Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $975,134Managed Assets
  • 1Number of Accounts
  • $2,288Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,087Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $201Non-managed Assets
  • 60Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $972,846Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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