Fidelity Bank in Dearborn, Michigan (MI)
| Fidelity Bank | |
|---|---|
| General | FDIC Certificate #: 33883 Status: Active Federal Reserve ID: 2171100 Bank Holding Company (Regulatory Top Holder): Dearborn Bancorp, Inc. (RSSDID: 2193906, Location: Dearborn, MI) Date Established: Febuary 28, 1994 WWW: http://www.fidbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 16 (Domestic: 16, Interstate: No) FDIC's unique #: 48191 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: Febuary 28, 1994 Last Structure Change Effective Date: March 03, 2009 Last Structure Change Process Date: March 10, 2009 Last Data Update: March 10, 2009 Data Source Date: Febuary 17, 2011 |
| Location | Address: 22290 Michigan Avenue, Dearborn, MI 48124 County: Wayne 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: Detroit-Livonia-Dearborn, MI (#19804) |
| Financial Summary | Total assets: $91.5 mil Equity capital: $3.9 mil Deposits held in domestic offices: $81.0 mil Return on assets (ROA): -1.60% (-$1.5 mil) Quarterly return on assets: 0.34% ($0.3 mil) Return on Equity (ROE): -34.06% (-$1.4 mil) Quarterly return on equity: 8.05.2011% ($0.3 mil) Net income: -$0.1 mil Quarterly Net income: $0.8 mil Pretax return on assets: -1.59% (-$1,454.6 mil) Quarterly Pretax return on assets: 0.38% ($347.6 mil) |
| Assets and Liabilities (December 31, 2010) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 191 |
| Total assets | $913,810 |
| Cash and due from depository institutions | $93,709 |
| Interest-bearing balances | $87,075 |
| Securities | $54,811 |
| Federal funds sold & reverse repurchase agreements | $55 |
| Net loans & leases | $710,636 |
| Loan loss allowance | $27,971 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $17,617 |
| Other real estate owned | $19,099 |
| Goodwill and other intangibles | $0 |
| All other assets | $17,883 |
| Life insurance assets | $0 |
| Total liabilities and capital | $913,810 |
| Total liabilities | $878,255 |
| Total deposits | $812,382 |
| Interest-bearing deposits | $723,834 |
| Deposits held in domestic offices | $812,382 |
| % insured (estimated) | 91.93% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $63,716 |
| Subordinated debt | $0 |
| All other liabilities | $2,157 |
| Total equity capital | $35,555 |
| Total bank equity capital | $35,555 |
| Perpetual preferred stock | $35,555 |
| Common stock | $0 |
| Surplus | $4,400 |
| Undivided profits | $105,644 |
| Memoranda | |
| Noncurrent loans and leases | $-74,489 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $50,146 |
| Income earned, not collected on loans | $0 |
| Earning assets | $68,965 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $3,285 |
| Average Assets, quarterly | $852,577 |
| Volatile liabilities | $83,895 |
| Insider loans | $942,618 |
| FHLB advances | $914,328 |
| Loans and leases held for sale | $318,036 |
| Unused loan commitments | $681 |
| Tier 1 (core) risk-based capital | $63,716 |
| Tier 2 risk-based capital | $353 |
| Total risk weighted assets | $353 |
| Total unused commitments | $50,146 |
| Restructured Loans and leases | $48,527 |
| Derivatives | $9,589 |
| Income and Expense (December 31, 2010) (Dollar figures in thousands) | |
| Total interest income | $46,966 |
| Total interest expense | $12,495 |
| Net interest income | $34,471 |
| Provision for loan and lease losses | $15,978 |
| Total noninterest income | -$4,132 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,448 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$5,580 |
| Total noninterest expense | $28,713 |
| Salaries and employee benefits | $12,401 |
| Premises and equipment expense | $3,137 |
| Additional noninterest expense | $13,175 |
| Pre-tax net operating income | -$14,352 |
| Securities gains (losses) | $539 |
| Applicable income taxes | -$168 |
| Income before extraordinary items | -$13,645 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$13,645 |
| Net charge-offs | $0 |
| Cash dividends | -$13,645 |
| Sale, conversion, retirement of capital stock, net | $23,132 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2010) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.33% |
| Cost of funding earning assets | 1.42% |
| Net interest margin | 3.91% |
| Noninterest income to earning assets | -0.47% |
| Noninterest expense to earning assets | 3.26% |
| Net operating income to assets | -1.50% |
| Return on assets (ROA) | -1.45% |
| Pretax return on assets | -1.47% |
| Return on equity (ROE) | -31.86% |
| Retained earnings to average equity (YTD only) | -31.86% |
| Net charge-offs to loans | 2.93% |
| Credit loss provision to net charge-offs | 69.07% |
| Efficiency ratio | 0.07% |
| Assets per employee | $94,641 |
| Cash dividends to net income (YTD only) | 4.78% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.79% |
| Noncurrent assets plus other real estate owned to assets | 40.56% |
| Noncurrent loans to loans | 9.64% |
| Net loans and leases to deposits | 9.34% |
| Net loans and leases to core deposits | 87.48% |
| Equity capital to assets | 129.71% |
| Core capital (leverage) ratio | 3.89% |
| Tier 1 risk-based capital ratio | 3.95% |
| Total risk-based capital ratio | 4.89% |
| Memoranda | |
| Average assets | $6 |
| Average earning assets | $942,618 |
| Average equity | $42,829 |
| Average loans | $880,654 |
| 16 Michigan Branches as of Febuary 17, 2011 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 48191 | Fidelity Bank | 22290 Michigan Avenue, Dearborn, MI 48124 | Febuary 28, 1994 | Full Service Brick and Mortar |  |
| 1 | 290138 | Dearborn Heights Branch | 24935 West Warren Avenue, Dearborn Heights, MI 48127 | December 19, 1995 | Full Service Brick and Mortar |  |
| 2 | 290139 | Plymouth Township Branch | 44623 Five Mile Road, Plymouth Township, MI 48170 | August 04, 1997 | Full Service Brick and Mortar | |
| 3 | 360394 | Canton Township Branch | 1325 North Canton Center Road, Canton, MI 48187 | May 14, 2001 | Full Service Brick and Mortar | |
| 4 | 362786 | Clinton Twp Regional Center | 45000 River Ridge Drive Suite 110, Clinton Township, MI 48038 | December 19, 2001 | Full Service Brick and Mortar | |
| 5 | 366277 | Southgate Branch | 12820 Fort Street, Southgate, MI 48195 | Febuary 21, 2003 | Full Service Brick and Mortar | |
| 6 | 419001 | Auburn Hills Branch | 3201 University Drive #180, Auburn Hills, MI 48326 | May 16, 2003 | Full Service Brick and Mortar | |
| 7 | 420303 | Clinton Twp Branch | 19100 Hall Rd, Clinton Township, MI 48038 | November 11, 2002 | Full Service Brick and Mortar | |
| 8 | 356789 | Saline Branch | 450 Michigan Avenue, Saline, MI 48176 | January 08, 2001 | Full Service Brick and Mortar | |
| 9 | 443037 | Ann Arbor Regional Center Branch | 250 West Eisenhower, Suite 100, Ann Arbor, MI 48103 | October 31, 2004 | Full Service Brick and Mortar | |
| 11 | 14030 | Birmingham Branch | 1040 East Maple Road, Birmingham, MI 48012 | Febuary 16, 1971 | Full Service Brick and Mortar | |
| 12 | 244768 | Bloomfield Township Branch | 3681 West Maple Road, Bloomfield Township, MI 48301 | December 09, 1964 | Full Service Brick and Mortar | |
| 13 | 16192 | Bingham Farms Branch | 30700 Telegraph Road, Bingham Farms, MI 48025 | May 01, 1980 | Full Service Brick and Mortar | |
| 14 | 14699 | Northwestern Branch | 2000 12 Mile Rd, Southfield, MI 48075 | October 09, 1973 | Full Service Brick and Mortar | |
| 15 | 252539 | Southfield Galleria Branch | 200 Galleria Officentre, Southfield, MI 48034 | October 11, 1986 | Full Service Brick and Mortar | |
| 18 | 463065 | Shelby Township Branch | 7755 23 Mile Raod, Shelby Township, MI 48316 | April 30, 2007 | Full Service Brick and Mortar | |
Based on public records. Inadvertent errors are possible.
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