FDIC Certificate #: 34879 Status: Inactive Closing history: Change in Insurance Status Acquiring institution:Community Central Bank (#34234) Federal Reserve ID: 2722959 Date Established: January 05, 1999 WWW:http://www.bankoakland.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 61941 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 05, 1999 Last Structure Change Effective Date: October 30, 2003 Last Structure Change Process Date: December 09, 2003 Last Data Update: October 05, 2006 Data Source Date: April 05, 2012
Location
Address: 1467 North Rochester Road, Rochester Hills, MI 48307 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)
History of Changes
Other Liquidations and Closings
Change in Insurance Status
Financial Summary
Total assets: $27.7 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2002)
Dollar figures in thousands
4Total employees (full-time equivalent)
$34,222Total assets
$942Cash and due from depository institutions
$103Interest-bearing balances
$3,976Securities
$450Federal funds sold & reverse repurchase agreements
$28,023Net loans & leases
$717Loan loss allowance
$0Trading account assets
$303Bank premises and fixed assets
$161Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$367All other assets
$34,222Total liabilities and capital
$31,179Total liabilities
$30,991Total deposits
$27,406Interest-bearing deposits
$30,991Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$188All other liabilities
$3,043Total equity capital
$3,043Total bank equity capital
$3,043Perpetual preferred stock
$0Common stock
$1,750Surplus
$3,275Undivided profits
Memoranda
$-1,982Noncurrent loans and leases
$4,132Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$747Earning assets
$0Long-term assets (5+ years)
$197Average Assets, year-to-date
$32,552Average Assets, quarterly
$852Volatile liabilities
$35,752Insider loans
$34,714FHLB advances
$8,803Loans and leases held for sale
$152Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,132Total unused commitments
$0Restructured Loans and leases
$378Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$2,338Total interest income
$868Total interest expense
$1,470Net interest income
$479Provision for loan and lease losses
$92Total noninterest income
$0Fiduciary activities
$68Service charges on deposit accounts
$0Trading account gains & fees
$24Additional noninterest income
$1,182Total noninterest expense
$293Salaries and employee benefits
$207Premises and equipment expense
$682Additional noninterest expense
-$99Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$99Income before extraordinary items
$0Extraordinary gains - net
-$99Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$624Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.82%Yield on earning assets
2.53%Cost of funding earning assets
4.29%Net interest margin
0.27%Noninterest income to earning assets
3.45%Noninterest expense to earning assets
-0.28%Net operating income to assets
-0.28%Return on assets (ROA)
-0.28%Pretax return on assets
-3.13%Return on equity (ROE)
-3.13%Retained earnings to average equity (YTD only)
2.14%Net charge-offs to loans
76.76%Credit loss provision to net charge-offs
0.61%Efficiency ratio
75,672Assets per employee
8.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.49%Loss allowance to noncurrent loans
95.98%Noncurrent assets plus other real estate owned to assets
2.65%Noncurrent loans to loans
2.60%Net loans and leases to deposits
90.42%Net loans and leases to core deposits
126.30%Equity capital to assets
8.89%Core capital (leverage) ratio
8.63%Tier 1 risk-based capital ratio
10.01%Total risk-based capital ratio
Memoranda
$11Average assets
$35,752Average earning assets
$3,161Average equity
$34,262Average loans
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