FDIC Certificate #: 18797 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Peoples State Bank (#14939) Federal Reserve ID: 194347 Date Established: June 08, 1963 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 6 (Interstate: No) FDIC's unique #: 12658 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: June 08, 1963 Last Structure Change Effective Date: May 16, 1998 Last Structure Change Process Date: June 08, 1998 Last Data Update: June 08, 1998 Data Source Date: April 05, 2012
Location
Address: 1800 East Twelve Mile Road, Madison Heights, MI 48071 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)
Financial Summary
Total assets: $164.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
113Total employees (full-time equivalent)
$171,206Total assets
$9,256Cash and due from depository institutions
$0Interest-bearing balances
$19,706Securities
$12,500Federal funds sold & reverse repurchase agreements
$116,085Net loans & leases
$15,000Loan loss allowance
$0Trading account assets
$5,642Bank premises and fixed assets
$302Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$7,715All other assets
$171,206Total liabilities and capital
$170,722Total liabilities
$168,516Total deposits
$143,047Interest-bearing deposits
$168,516Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$22Other borrowed funds
$0Subordinated debt
$2,184All other liabilities
$484Total equity capital
$484Total bank equity capital
$484Perpetual preferred stock
$0Common stock
$804Surplus
$774Undivided profits
Memoranda
$-1,094Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$12,448Earning assets
$0Long-term assets (5+ years)
$985Average Assets, year-to-date
$148,291Average Assets, quarterly
$3,653Volatile liabilities
$197,610Insider loans
$180,776FHLB advances
$37,849Loans and leases held for sale
$300Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$30,411Total unused commitments
$0Restructured Loans and leases
$133,267Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$17,652Total interest income
$8,115Total interest expense
$9,537Net interest income
$17,617Provision for loan and lease losses
$1,928Total noninterest income
$0Fiduciary activities
$1,463Service charges on deposit accounts
$0Trading account gains & fees
$465Additional noninterest income
$8,237Total noninterest expense
$4,143Salaries and employee benefits
$1,160Premises and equipment expense
$2,934Additional noninterest expense
-$14,389Pre-tax net operating income
$0Securities gains (losses)
-$921Applicable income taxes
-$13,468Income before extraordinary items
$0Extraordinary gains - net
-$13,468Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$10,117Sale, conversion, retirement of capital stock, net
$25Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
10.22%Yield on earning assets
4.70%Cost of funding earning assets
5.52%Net interest margin
1.12%Noninterest income to earning assets
4.77%Noninterest expense to earning assets
-6.82%Net operating income to assets
-6.82%Return on assets (ROA)
-7.28%Pretax return on assets
-125.72%Return on equity (ROE)
-125.95%Retained earnings to average equity (YTD only)
6.55%Net charge-offs to loans
174.13%Credit loss provision to net charge-offs
0.32%Efficiency ratio
71,845Assets per employee
1.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
-0.19%Loss allowance to loans
11.44%Loss allowance to noncurrent loans
120.50%Noncurrent assets plus other real estate owned to assets
Want to know how to go about finding out about a pension from Madison National Bank
Years worked December 1977 to December 1987. Thanking you in advance for your help
Theresa Rayner
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Years worked December 1977 to December 1987. Thanking you in advance for your help
Theresa Rayner