Old Kent Bank, National Association in Mount Clemens, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1995

  • Old Kent Bank, National Association in Mount Clemens, Michigan (MI)
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Old Kent Bank, National Association - Overview

  • General
  • FDIC Certificate #: 5035
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fifth Third Bank (#993)
    Federal Reserve ID: 611349
    Date Established: August 06, 1926
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 16 (Interstate: No)
    OTS Docket #: 11714
    FDIC's unique #: 3361
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 01, 1995
    Last Structure Change Process Date: July 18, 1995
    Last Data Update: July 18, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 68 South Gratiot, Mount Clemens, MI 48043
    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: $535.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $232Total assets
  • $530,997Cash and due from depository institutions
  • $25,136Interest-bearing balances
  • $0Securities
  • $128,586Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $351,471Loan loss allowance
  • $5,381Trading account assets
  • $0Bank premises and fixed assets
  • $14,938Other real estate owned
  • $2,078Goodwill and other intangibles
  • $8,788Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $530,997Total liabilities
  • $498,219Total deposits
  • $477,191Interest-bearing deposits
  • $391,217Deposits held in domestic offices
  • 477191.00%% insured (estimated)
  • $77Federal funds purchased & repurchase agreements
  • $2,900Trading liabilities
  • $0Other borrowed funds
  • $8,600Subordinated debt
  • $0All other liabilities
  • $9,528Total equity capital
  • $9,528Total bank equity capital
  • $32,778Perpetual preferred stock
  • $0Common stock
  • $8,995Surplus
  • $9,977Undivided profits
  • Memoranda
  • $13,806Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,029Income earned, not collected on loans
  • $1,956Earning assets
  • $480,057Long-term assets (5+ years)
  • $121,560Average Assets, year-to-date
  • $513,589Average Assets, quarterly
  • $541,180Volatile liabilities
  • $80,951Insider loans
  • $2,654FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $53,360Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $32,973Total risk weighted assets
  • $379,049Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $35,986Total interest expense
  • $12,815Net interest income
  • $23,171Provision for loan and lease losses
  • $1,300Total noninterest income
  • $3,707Fiduciary activities
  • $0Service charges on deposit accounts
  • $2,720Trading account gains & fees
  • $0Additional noninterest income
  • $987Total noninterest expense
  • $23,931Salaries and employee benefits
  • $9,131Premises and equipment expense
  • $3,768Additional noninterest expense
  • $11,032Pre-tax net operating income
  • $1,647Securities gains (losses)
  • -$2Applicable income taxes
  • -$154Income before extraordinary items
  • $1,799Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,799Net charge-offs
  • $516Cash dividends
  • $1,919Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.76%Cost of funding earning assets
  • 2.76%Net interest margin
  • 5.00%Noninterest income to earning assets
  • 0.80%Noninterest expense to earning assets
  • 5.16%Net operating income to assets
  • 0.35%Return on assets (ROA)
  • 0.35%Pretax return on assets
  • 0.32%Return on equity (ROE)
  • 5.39%Retained earnings to average equity (YTD only)
  • -0.36%Net charge-offs to loans
  • 0.15%Credit loss provision to net charge-offs
  • 251.94%Efficiency ratio
  • 89,036Assets per employee
  • 2.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 106.67%Loss allowance to loans
  • 1.51%Loss allowance to noncurrent loans
  • 133.56%Noncurrent assets plus other real estate owned to assets
  • 1.15%Noncurrent loans to loans
  • 1.13%Net loans and leases to deposits
  • 73.65%Net loans and leases to core deposits
  • 86.20%Equity capital to assets
  • 6.17%Core capital (leverage) ratio
  • 6.22%Tier 1 risk-based capital ratio
  • 8.70%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $513,589Average earning assets
  • $33,383Average equity
  • $463,659Average loans

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