FDIC Certificate #: 35586 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Bank of Ann Arbor (#34120) Federal Reserve ID: 2902041 Date Established: March 16, 2001 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 82015 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 16, 2001 Last Structure Change Effective Date: May 14, 2010 Last Structure Change Process Date: May 17, 2010 Last Data Update: May 17, 2010 Data Source Date: April 05, 2012
Location
Address: 1333 Ann Arbor Road, Plymouth, MI 48170 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: $111.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
16Total employees (full-time equivalent)
$113,678Total assets
$8,789Cash and due from depository institutions
$8,042Interest-bearing balances
$923Securities
$1,401Federal funds sold & reverse repurchase agreements
$92,959Net loans & leases
$1,842Loan loss allowance
$0Trading account assets
$4,844Bank premises and fixed assets
$3,137Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,625All other assets
$113,678Total liabilities and capital
$111,705Total liabilities
$98,418Total deposits
$87,511Interest-bearing deposits
$98,418Deposits held in domestic offices
95.15%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$11,887Other borrowed funds
$1,050Subordinated debt
$350All other liabilities
$1,973Total equity capital
$1,973Total bank equity capital
$1,973Perpetual preferred stock
$0Common stock
$3,738Surplus
$7,887Undivided profits
Memoranda
$-9,652Noncurrent loans and leases
$9,479Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$9,517Earning assets
$266Long-term assets (5+ years)
$451Average Assets, year-to-date
$103,325Average Assets, quarterly
$13,875Volatile liabilities
$117,883Insider loans
$113,089FHLB advances
$22,935Loans and leases held for sale
$2,802Unused loan commitments
$11,887Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,479Total unused commitments
$11Restructured Loans and leases
$1,968Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$6,145Total interest income
$3,356Total interest expense
$2,789Net interest income
$3,255Provision for loan and lease losses
$250Total noninterest income
$0Fiduciary activities
$129Service charges on deposit accounts
$0Trading account gains & fees
$121Additional noninterest income
$3,677Total noninterest expense
$1,369Salaries and employee benefits
$418Premises and equipment expense
$1,890Additional noninterest expense
-$3,893Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$3,893Income before extraordinary items
$0Extraordinary gains - net
-$3,893Net income attributable to bank
$0Net charge-offs
-$3,893Cash dividends
$3,801Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.71%Yield on earning assets
3.12%Cost of funding earning assets
2.59%Net interest margin
0.23%Noninterest income to earning assets
3.42%Noninterest expense to earning assets
-3.30%Net operating income to assets
-3.30%Return on assets (ROA)
-3.30%Pretax return on assets
-89.39%Return on equity (ROE)
-89.39%Retained earnings to average equity (YTD only)
3.84%Net charge-offs to loans
85.64%Credit loss provision to net charge-offs
-0.17%Efficiency ratio
120,994Assets per employee
7.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.94%Loss allowance to noncurrent loans
19.35%Noncurrent assets plus other real estate owned to assets
11.13%Noncurrent loans to loans
10.04%Net loans and leases to deposits
94.45%Net loans and leases to core deposits
116.81%Equity capital to assets
1.74%Core capital (leverage) ratio
1.68%Tier 1 risk-based capital ratio
2.05%Total risk-based capital ratio
Memoranda
$4Average assets
$117,883Average earning assets
$4,355Average equity
$107,619Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with New Liberty Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: