Macomb Federal Savings Bank in St. Clair Shores, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 10, 1996

  • Macomb Federal Savings Bank in St. Clair Shores, Michigan (MI)
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Macomb Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 30904
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: D&N Bank (#28039)
    Federal Reserve ID: 764571
    Date Established: October 23, 1956
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 6092
    FDIC's unique #: 43738
    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: October 23, 1956
    Last Structure Change Effective Date: April 10, 1996
    Last Structure Change Process Date: May 15, 1996
    Last Data Update: May 15, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 23505 Greater Mack, St. Clair Shores, MI 48080
    County: Macomb
    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: $42.7 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $6Total assets
  • $42,585Cash and due from depository institutions
  • $7,025Interest-bearing balances
  • $6,647Securities
  • $12,290Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $21,063Loan loss allowance
  • $150Trading account assets
  • $0Bank premises and fixed assets
  • $112Other real estate owned
  • $0Goodwill and other intangibles
  • $2,095Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $42,585Total liabilities
  • $36,317Total deposits
  • $35,271Interest-bearing deposits
  • $35,269Deposits held in domestic offices
  • 35271.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $63Subordinated debt
  • $0All other liabilities
  • $983Total equity capital
  • $983Total bank equity capital
  • $6,268Perpetual preferred stock
  • $0Common stock
  • $187Surplus
  • $1,430Undivided profits
  • Memoranda
  • $4,651Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $77Income earned, not collected on loans
  • $109Earning assets
  • $40,000Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $41,684Average Assets, quarterly
  • $42,311Volatile liabilities
  • $10,170Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $115Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,081Total risk weighted assets
  • $14,829Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,778Total interest expense
  • $1,732Net interest income
  • $1,046Provision for loan and lease losses
  • $0Total noninterest income
  • $91Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $91Total noninterest expense
  • $745Salaries and employee benefits
  • $523Premises and equipment expense
  • $34Additional noninterest expense
  • $188Pre-tax net operating income
  • $392Securities gains (losses)
  • $0Applicable income taxes
  • $117Income before extraordinary items
  • $275Extraordinary gains - net
  • $0Net income attributable to bank
  • $275Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.10%Cost of funding earning assets
  • 4.42%Net interest margin
  • 2.67%Noninterest income to earning assets
  • 0.23%Noninterest expense to earning assets
  • 1.90%Net operating income to assets
  • 0.66%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 0.94%Return on equity (ROE)
  • 4.53%Retained earnings to average equity (YTD only)
  • 4.53%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 65,523Assets per employee
  • 7.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.71%Loss allowance to noncurrent loans
  • 194.81%Noncurrent assets plus other real estate owned to assets
  • 0.18%Noncurrent loans to loans
  • 0.36%Net loans and leases to deposits
  • 59.72%Net loans and leases to core deposits
  • 83.70%Equity capital to assets
  • 14.72%Core capital (leverage) ratio
  • 14.34%Tier 1 risk-based capital ratio
  • 41.01%Total risk-based capital ratio
  • Memoranda
  • $42Average assets
  • $41,684Average earning assets
  • $6,076Average equity
  • $39,150Average loans

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