FDIC Certificate #: 27602 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The PrivateBank and Trust Company (#33306) Federal Reserve ID: 1404463 Date Established: October 03, 1989 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 40435 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: October 03, 1989 Last Structure Change Effective Date: April 01, 2009 Last Structure Change Process Date: May 20, 2009 Last Data Update: May 20, 2009 Data Source Date: April 05, 2012
Location
Address: 38505 Woodward Avenue, Suite 1300, Bloomfield Hills, MI 48304 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: $1,187.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
92Total employees (full-time equivalent)
$1,087,852Total assets
$22,982Cash and due from depository institutions
$827Interest-bearing balances
$64,464Securities
$146,761Federal funds sold & reverse repurchase agreements
$765,768Net loans & leases
$13,646Loan loss allowance
$0Trading account assets
$3,399Bank premises and fixed assets
$4,681Other real estate owned
$44,882Goodwill and other intangibles
$5,971Life insurance assets
$34,915All other assets
$1,087,852Total liabilities and capital
$960,221Total liabilities
$627,290Total deposits
$582,240Interest-bearing deposits
$627,290Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$328,012Other borrowed funds
$0Subordinated debt
$4,919All other liabilities
$127,631Total equity capital
$127,631Total bank equity capital
$127,631Perpetual preferred stock
$0Common stock
$1,500Surplus
$136,791Undivided profits
Memoranda
$-10,660Noncurrent loans and leases
$154,533Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$24,738Earning assets
$0Long-term assets (5+ years)
$2,975Average Assets, year-to-date
$977,820Average Assets, quarterly
$90,892Volatile liabilities
$876,548Insider loans
$996,238FHLB advances
$537,322Loans and leases held for sale
$408Unused loan commitments
$328,012Tier 1 (core) risk-based capital
$7,812Tier 2 risk-based capital
$610Total risk weighted assets
$154,533Total unused commitments
$0Restructured Loans and leases
$10,475Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$47,259Total interest income
$23,384Total interest expense
$23,875Net interest income
$35,268Provision for loan and lease losses
$2,946Total noninterest income
$2,010Fiduciary activities
$121Service charges on deposit accounts
$0Trading account gains & fees
$815Additional noninterest income
$14,321Total noninterest expense
$6,787Salaries and employee benefits
$1,449Premises and equipment expense
$6,085Additional noninterest expense
-$22,768Pre-tax net operating income
$7Securities gains (losses)
-$7,625Applicable income taxes
-$15,136Income before extraordinary items
$0Extraordinary gains - net
-$15,136Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$28,876Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.93%Yield on earning assets
2.94%Cost of funding earning assets
3.00%Net interest margin
0.37%Noninterest income to earning assets
1.80%Noninterest expense to earning assets
-1.73%Net operating income to assets
-1.73%Return on assets (ROA)
-2.60%Pretax return on assets
-12.61%Return on equity (ROE)
-12.61%Retained earnings to average equity (YTD only)
4.06%Net charge-offs to loans
122.14%Credit loss provision to net charge-offs
0.43%Efficiency ratio
51,881Assets per employee
11.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.75%Loss allowance to noncurrent loans
55.16%Noncurrent assets plus other real estate owned to assets
2.70%Noncurrent loans to loans
3.17%Net loans and leases to deposits
122.08%Net loans and leases to core deposits
373.60%Equity capital to assets
11.73%Core capital (leverage) ratio
8.39%Tier 1 risk-based capital ratio
9.77%Total risk-based capital ratio
Memoranda
$11Average assets
$876,548Average earning assets
$120,060Average equity
$796,314Average loans
Total Fiduciary and Related Assets (December 31, 2008)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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