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 WWW:http://www.a2sb.com 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
No
ID
Name
Address
Established
Service Type
Map
0
474197
Ann Arbor State Bank
125 W. William Street, Ann Arbor, MI 48104
January 14, 2009
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Ann Arbor State Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: