Fidelity Bank in Birmingham, Michigan (MI)
Table of contents:
| Fidelity Bank | |
|---|---|
| General | FDIC Certificate #: 20367 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Fidelity Bank (#33883) Federal Reserve ID: 874041 Date Established: Febuary 16, 1971 WWW: http://www.fbebank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) FDIC's unique #: 14030 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: Febuary 16, 1971 Last Structure Change Effective Date: January 04, 2007 Last Structure Change Process Date: Febuary 20, 2007 Last Data Update: Febuary 20, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 1040 East Maple Road, Birmingham, MI 48012 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: $218.0 mil |
| Assets and Liabilities (December 31, 2006) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 67 |
| Total assets | $218,041 |
| Cash and due from depository institutions | $6,229 |
| Interest-bearing balances | $0 |
| Securities | $20,933 |
| Federal funds sold & reverse repurchase agreements | $7,862 |
| Net loans & leases | $175,481 |
| Loan loss allowance | $1,704 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,712 |
| Other real estate owned | $580 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,244 |
| Life insurance assets | $0 |
| Total liabilities and capital | $218,041 |
| Total liabilities | $192,320 |
| Total deposits | $189,372 |
| Interest-bearing deposits | $168,828 |
| Deposits held in domestic offices | $189,372 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $1,767 |
| Subordinated debt | $0 |
| All other liabilities | $1,181 |
| Total equity capital | $25,721 |
| Total bank equity capital | $25,721 |
| Perpetual preferred stock | $25,721 |
| Common stock | $0 |
| Surplus | $2,500 |
| Undivided profits | $9,500 |
| Memoranda | |
| Noncurrent loans and leases | $13,721 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $29,926 |
| Income earned, not collected on loans | $0 |
| Earning assets | $380 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $1,234 |
| Average Assets, quarterly | $204,276 |
| Volatile liabilities | $4,233 |
| Insider loans | $236,794 |
| FHLB advances | $226,360 |
| Loans and leases held for sale | $22,056 |
| Unused loan commitments | $4,967 |
| Tier 1 (core) risk-based capital | $1,767 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $29,926 |
| Restructured Loans and leases | $0 |
| Derivatives | $1,704 |
| Income and Expense (December 31, 2006) (Dollar figures in thousands) | |
| Total interest income | $15,911 |
| Total interest expense | $4,839 |
| Net interest income | $11,072 |
| Provision for loan and lease losses | $400 |
| Total noninterest income | $1,128 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $685 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $443 |
| Total noninterest expense | $7,540 |
| Salaries and employee benefits | $4,578 |
| Premises and equipment expense | $1,293 |
| Additional noninterest expense | $1,669 |
| Pre-tax net operating income | $4,260 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $4,260 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $4,260 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $496 |
| Net operating income | $3,475 |
| Performance and Condition Ratios (December 31, 2006) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 7.27% |
| Cost of funding earning assets | 2.21% |
| Net interest margin | 5.06% |
| Noninterest income to earning assets | 0.52% |
| Noninterest expense to earning assets | 3.45% |
| Net operating income to assets | 1.80% |
| Return on assets (ROA) | 1.80% |
| Pretax return on assets | 1.80% |
| Return on equity (ROE) | 16.94% |
| Retained earnings to average equity (YTD only) | 3.12% |
| Net charge-offs to loans | 0.27% |
| Credit loss provision to net charge-offs | 80.65% |
| Efficiency ratio | 9.40% |
| Assets per employee | $60,311 |
| Cash dividends to net income (YTD only) | 3.25% |
| Condition Ratios (%) | |
| Loss allowance to loans | 81.57% |
| Loss allowance to noncurrent loans | 0.96% |
| Noncurrent assets plus other real estate owned to assets | 448.42% |
| Noncurrent loans to loans | 0.44% |
| Net loans and leases to deposits | 0.21% |
| Net loans and leases to core deposits | 92.66% |
| Equity capital to assets | 104.63% |
| Core capital (leverage) ratio | 11.80% |
| Tier 1 risk-based capital ratio | 11.49% |
| Total risk-based capital ratio | 13.55% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $236,794 |
| Average equity | $25,142 |
| Average loans | $218,727 |
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