Bank One, Michigan in Detroit, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 21, 2002

  • Bank One, Michigan in Detroit, Michigan (MI)
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Bank One, Michigan - Overview

  • General
  • FDIC Certificate #: 5021
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank One, National Association (#3618)
    Federal Reserve ID: 331647
    Date Established: March 24, 1933
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 254 (Interstate: No)
    FDIC's unique #: 3350
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 21, 2002
    Last Structure Change Process Date: July 01, 2002
    Last Data Update: July 01, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 611 Woodward Avenue, Detroit, MI 48226
    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: $20,267.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)

  • Dollar figures in thousands
  • 4,527Total employees (full-time equivalent)
  • $20,825,649Total assets
  • $1,931,531Cash and due from depository institutions
  • $394,148Interest-bearing balances
  • $643,704Securities
  • $1,581,698Federal funds sold & reverse repurchase agreements
  • $14,059,775Net loans & leases
  • $416,075Loan loss allowance
  • $127,264Trading account assets
  • $179,075Bank premises and fixed assets
  • $2,820Other real estate owned
  • $24,742Goodwill and other intangibles
  • $0Life insurance assets
  • $2,275,040All other assets
  • $20,825,649Total liabilities and capital
  • $19,220,123Total liabilities
  • $16,574,593Total deposits
  • $12,385,592Interest-bearing deposits
  • $16,574,593Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $716,048Federal funds purchased & repurchase agreements
  • $127,264Trading liabilities
  • $464,612Other borrowed funds
  • $624,586Subordinated debt
  • $713,020All other liabilities
  • $1,605,526Total equity capital
  • $1,605,526Total bank equity capital
  • $1,605,526Perpetual preferred stock
  • $0Common stock
  • $111,858Surplus
  • $706,342Undivided profits
  • Memoranda
  • $787,326Noncurrent loans and leases
  • $7,262,396Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $662,033Earning assets
  • $53Long-term assets (5+ years)
  • $68,440Average Assets, year-to-date
  • $16,679,325Average Assets, quarterly
  • $1,232,216Volatile liabilities
  • $21,571,035Insider loans
  • $21,121,108FHLB advances
  • $2,719,872Loans and leases held for sale
  • $20,909Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,873,299Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,262,396Total unused commitments
  • $0Restructured Loans and leases
  • $539,153Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $1,208,608Total interest income
  • $517,198Total interest expense
  • $691,410Net interest income
  • $298,687Provision for loan and lease losses
  • $295,094Total noninterest income
  • $365Fiduciary activities
  • $146,751Service charges on deposit accounts
  • $4,686Trading account gains & fees
  • $143,292Additional noninterest income
  • $520,314Total noninterest expense
  • $222,563Salaries and employee benefits
  • $66,984Premises and equipment expense
  • $230,767Additional noninterest expense
  • $167,503Pre-tax net operating income
  • $11,249Securities gains (losses)
  • $51,360Applicable income taxes
  • $127,392Income before extraordinary items
  • $0Extraordinary gains - net
  • $127,392Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $269,696Sale, conversion, retirement of capital stock, net
  • $137,806Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.99%Yield on earning assets
  • 2.99%Cost of funding earning assets
  • 4.00%Net interest margin
  • 1.71%Noninterest income to earning assets
  • 3.01%Noninterest expense to earning assets
  • 0.55%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.83%Pretax return on assets
  • 7.76%Return on equity (ROE)
  • -0.63%Retained earnings to average equity (YTD only)
  • 1.70%Net charge-offs to loans
  • 110.75%Credit loss provision to net charge-offs
  • 1.73%Efficiency ratio
  • 52,362Assets per employee
  • 4.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 108.17%Loss allowance to loans
  • 2.87%Loss allowance to noncurrent loans
  • 62.85%Noncurrent assets plus other real estate owned to assets
  • 3.19%Noncurrent loans to loans
  • 4.57%Net loans and leases to deposits
  • 84.83%Net loans and leases to core deposits
  • 92.75%Equity capital to assets
  • 7.71%Core capital (leverage) ratio
  • 7.27%Tier 1 risk-based capital ratio
  • 8.88%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $21,571,035Average earning assets
  • $1,640,844Average equity
  • $17,290,735Average loans

Total Fiduciary and Related Assets (December 31, 2001)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,686,822Managed Assets
  • 1Number of Accounts
  • $1,681,562Personal trust and agency accounts
  • $32,992Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $1,028Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $1,647,542Non-managed Assets
  • 29Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $5,260Other retirement accounts
  • $5,260Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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