BANK OF WASHTENAW in Saline, Michigan (MI)
Table of contents:
| BANK OF WASHTENAW | |
|---|---|
| General | FDIC Certificate #: 57070 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Fidelity Bank (#33883) Federal Reserve ID: 2960742 Date Established: January 08, 2001 WWW: http://www.bankofwashtenaw.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) FDIC's unique #: 356789 Numeric code: 13 Regulator: FED 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 08, 2001 Last Structure Change Effective Date: October 30, 2004 Last Structure Change Process Date: November 10, 2004 Last Data Update: November 10, 2004 Data Source Date: April 05, 2012 |
| Location | Address: 450 Michigan Avenue, Saline, MI 48176 County: Washtenaw 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): Ann Arbor, MI (#440) 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): Ann Arbor, MI (#11460) CBSA Metro Statistical Area: Ann Arbor, MI (#11460) |
| Financial Summary | Total assets: $76.4 mil |
| Assets and Liabilities (December 31, 2003) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 18 |
| Total assets | $73,258 |
| Cash and due from depository institutions | $31 |
| Interest-bearing balances | $0 |
| Securities | $0 |
| Federal funds sold & reverse repurchase agreements | $7,138 |
| Net loans & leases | $64,594 |
| Loan loss allowance | $739 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $746 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $749 |
| Life insurance assets | $0 |
| Total liabilities and capital | $73,258 |
| Total liabilities | $66,183 |
| Total deposits | $61,585 |
| Interest-bearing deposits | $52,372 |
| Deposits held in domestic offices | $61,585 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $4,165 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $433 |
| Total equity capital | $7,075 |
| Total bank equity capital | $7,075 |
| Perpetual preferred stock | $7,075 |
| Common stock | $0 |
| Surplus | $2,000 |
| Undivided profits | $6,500 |
| Memoranda | |
| Noncurrent loans and leases | $-1,425 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $20,486 |
| Income earned, not collected on loans | $0 |
| Earning assets | $2 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $249 |
| Average Assets, quarterly | $71,732 |
| Volatile liabilities | $9,638 |
| Insider loans | $67,015 |
| FHLB advances | $72,347 |
| Loans and leases held for sale | $19,214 |
| Unused loan commitments | $992 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $20,486 |
| Restructured Loans and leases | $713 |
| Derivatives | $739 |
| Income and Expense (December 31, 2003) (Dollar figures in thousands) | |
| Total interest income | $3,962 |
| Total interest expense | $1,361 |
| Net interest income | $2,601 |
| Provision for loan and lease losses | $213 |
| Total noninterest income | $401 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $193 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $208 |
| Total noninterest expense | $2,938 |
| Salaries and employee benefits | $1,272 |
| Premises and equipment expense | $699 |
| Additional noninterest expense | $967 |
| Pre-tax net operating income | -$149 |
| Securities gains (losses) | $0 |
| Applicable income taxes | -$49 |
| Income before extraordinary items | -$100 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$100 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $34 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2003) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.23% |
| Cost of funding earning assets | 2.14% |
| Net interest margin | 4.09% |
| Noninterest income to earning assets | 0.63% |
| Noninterest expense to earning assets | 4.62% |
| Net operating income to assets | -0.15% |
| Return on assets (ROA) | -0.15% |
| Pretax return on assets | -0.22% |
| Return on equity (ROE) | -1.47% |
| Retained earnings to average equity (YTD only) | -1.47% |
| Net charge-offs to loans | 0.06% |
| Credit loss provision to net charge-offs | 626.47% |
| Efficiency ratio | 1.88% |
| Assets per employee | $97,868 |
| Cash dividends to net income (YTD only) | 4.07% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.13% |
| Noncurrent assets plus other real estate owned to assets | 36950.00% |
| Noncurrent loans to loans | 0.00% |
| Net loans and leases to deposits | 0.00% |
| Net loans and leases to core deposits | 104.89% |
| Equity capital to assets | 138.80% |
| Core capital (leverage) ratio | 9.66% |
| Tier 1 risk-based capital ratio | 9.61% |
| Total risk-based capital ratio | 10.90% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $67,015 |
| Average equity | $6,825 |
| Average loans | $63,582 |
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