FDIC Certificate #: 57654 Status: Inactive Closing history: Corrections Acquiring institution:Monroe Bank & Trust (#12181) Federal Reserve ID: 3222175 Date Established: March 01, 2004 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 419154 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: March 01, 2004 Last Structure Change Effective Date: October 10, 2008 Last Structure Change Process Date: October 10, 2008 Last Data Update: October 10, 2008 Data Source Date: April 05, 2012
Location
Address: 133 West Main St, Northville, MI 48167 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)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $112.4 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
51Total employees (full-time equivalent)
$136,947Total assets
$2,221Cash and due from depository institutions
$22Interest-bearing balances
$13,045Securities
$12,906Federal funds sold & reverse repurchase agreements
$104,709Net loans & leases
$2,530Loan loss allowance
$0Trading account assets
$1,273Bank premises and fixed assets
$950Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,843All other assets
$136,947Total liabilities and capital
$127,913Total liabilities
$121,785Total deposits
$116,055Interest-bearing deposits
$121,785Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$1,128All other liabilities
$9,034Total equity capital
$9,034Total bank equity capital
$9,034Perpetual preferred stock
$0Common stock
$3,750Surplus
$11,752Undivided profits
Memoranda
$-6,468Noncurrent loans and leases
$18,475Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$10,118Earning assets
$0Long-term assets (5+ years)
$1,160Average Assets, year-to-date
$130,682Average Assets, quarterly
$2,907Volatile liabilities
$149,033Insider loans
$145,447FHLB advances
$20,637Loans and leases held for sale
$42Unused loan commitments
$5,000Tier 1 (core) risk-based capital
$11,594Tier 2 risk-based capital
$2,744Total risk weighted assets
$18,475Total unused commitments
$0Restructured Loans and leases
$1,549Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$10,831Total interest income
$6,468Total interest expense
$4,363Net interest income
$4,558Provision for loan and lease losses
$1,550Total noninterest income
$0Fiduciary activities
$76Service charges on deposit accounts
$0Trading account gains & fees
$1,474Additional noninterest income
$6,333Total noninterest expense
$3,797Salaries and employee benefits
$855Premises and equipment expense
$1,681Additional noninterest expense
-$4,978Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$4,978Income before extraordinary items
$0Extraordinary gains - net
-$4,978Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3,218Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.52%Yield on earning assets
4.49%Cost of funding earning assets
3.03%Net interest margin
1.08%Noninterest income to earning assets
4.40%Noninterest expense to earning assets
-3.34%Net operating income to assets
-3.34%Return on assets (ROA)
-3.34%Pretax return on assets
-40.20%Return on equity (ROE)
-40.20%Retained earnings to average equity (YTD only)
2.67%Net charge-offs to loans
141.64%Credit loss provision to net charge-offs
-0.13%Efficiency ratio
107,103Assets per employee
2.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.36%Loss allowance to noncurrent loans
25.00%Noncurrent assets plus other real estate owned to assets
8.08%Noncurrent loans to loans
9.44%Net loans and leases to deposits
85.98%Net loans and leases to core deposits
103.52%Equity capital to assets
6.60%Core capital (leverage) ratio
6.21%Tier 1 risk-based capital ratio
7.30%Total risk-based capital ratio
Memoranda
$9Average assets
$149,033Average earning assets
$12,384Average equity
$143,959Average loans
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