Ann Arbor State Bank in Ann Arbor, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Ann Arbor State Bank - Overview

  • General
  • FDIC Certificate #: 58889
    Status: Active
    Federal Reserve ID: 3825080
    Bank Holding Company (Regulatory Top Holder): Ann Arbor Bancorp, Inc. (RSSDID: 3962350, Location: Ann Arbor, MI)
    Date Established: January 14, 2009
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 474197
    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: January 14, 2009
    Last Structure Change Effective Date: January 14, 2009
    Last Structure Change Process Date: January 14, 2009
    Last Data Update: January 14, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 125 W. William Street, Ann Arbor, MI 48104
    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)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    New Institution
  • Financial Summary
  • Total assets: $158.3 mil
    Equity capital: $18.2 mil
    Deposits held in domestic offices: $133.6 mil
    Return on assets (ROA): 1.24% ($2.0 mil)
    Quarterly return on assets: 1.28% ($2.0 mil)
    Return on Equity (ROE): 11.71% ($2.1 mil)
    Quarterly return on equity: 11.11% ($2.0 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.26% ($1,994.2 mil)
    Quarterly Pretax return on assets: 1.36% ($2,152.5 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, 2011)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $158,271Total assets
  • $20,685Cash and due from depository institutions
  • $19,417Interest-bearing balances
  • $52,776Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $82,661Net loans & leases
  • $1,013Loan loss allowance
  • $0Trading account assets
  • $1,001Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $158,271Life insurance assets
  • $1,148All other assets
  • $140,109Total liabilities and capital
  • $133,587Total liabilities
  • $103,482Total deposits
  • $133,587Interest-bearing deposits
  • $73Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,012Trading liabilities
  • $0Other borrowed funds
  • $510Subordinated debt
  • $18,162All other liabilities
  • $18,162Total equity capital
  • $18,162Total bank equity capital
  • $0Perpetual preferred stock
  • $8,570Common stock
  • $8,663Surplus
  • $929Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,931Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $674Income earned, not collected on loans
  • $0Earning assets
  • $666Long-term assets (5+ years)
  • $154,854Average Assets, year-to-date
  • $47,284Average Assets, quarterly
  • $132,324Volatile liabilities
  • $155,431Insider loans
  • $94,087FHLB advances
  • $150,101Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,367Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $29,577Restructured Loans and leases
  • $3,467Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,179Total interest income
  • $1,036Total interest expense
  • $5,143Net interest income
  • $192Provision for loan and lease losses
  • $801Total noninterest income
  • $0Fiduciary activities
  • $35Service charges on deposit accounts
  • $0Trading account gains & fees
  • $766Additional noninterest income
  • $4,279Total noninterest expense
  • $2,487Salaries and employee benefits
  • $568Premises and equipment expense
  • $1,224Additional noninterest expense
  • $1,473Pre-tax net operating income
  • $198Securities gains (losses)
  • $30Applicable income taxes
  • $1,641Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,641Net income attributable to bank
  • $0Net charge-offs
  • $1,641Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.80%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 4.00%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 3.33%Noninterest expense to earning assets
  • 1.09%Net operating income to assets
  • 1.24%Return on assets (ROA)
  • 1.26%Pretax return on assets
  • 11.71%Return on equity (ROE)
  • 11.71%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 71,989Assets per employee
  • 6.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 150.30%Noncurrent assets plus other real estate owned to assets
  • 0.43%Noncurrent loans to loans
  • 0.81%Net loans and leases to deposits
  • 61.88%Net loans and leases to core deposits
  • 68.56%Equity capital to assets
  • 11.48%Core capital (leverage) ratio
  • 11.57%Tier 1 risk-based capital ratio
  • 18.46%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $132,324Average earning assets
  • $14,008Average equity
  • $128,613Average loans

List of branches

  • 1 Michigan Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0474197Ann Arbor State Bank125 W. William Street, Ann Arbor, MI 48104January 14, 2009Full Service Brick and Mortar

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