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

Bank of Ann Arbor - Overview

  • General
  • FDIC Certificate #: 34120
    Status: Active
    Federal Reserve ID: 2390929
    Bank Holding Company (Regulatory Top Holder): Arbor Bancorp, Inc. (RSSDID: 2454380, Location: Ann Arbor, MI)
    Date Established: January 16, 1996
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 14546
    FDIC's unique #: 56263
    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 16, 1996
    Last Structure Change Effective Date: May 14, 2010
    Last Structure Change Process Date: May 17, 2010
    Last Data Update: May 17, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 125 South Fifth Avenue, Ann Arbor, MI 48107
    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
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $777.7 mil
    Equity capital: $54.5 mil
    Deposits held in domestic offices: $686.4 mil
    Return on assets (ROA): 0.93% ($7.2 mil)
    Quarterly return on assets: 0.86% ($6.7 mil)
    Return on Equity (ROE): 13.69% ($7.4 mil)
    Quarterly return on equity: 12.66% ($6.8 mil)
    Net income: $6.8 mil
    Quarterly Net income: $1.7 mil
    Pretax return on assets: 1.24% ($9,643.5 mil)
    Quarterly Pretax return on assets: 1.03% ($8,010.3 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, 2011)

  • Dollar figures in thousands
  • 155Total employees (full-time equivalent)
  • $777,699Total assets
  • $124,041Cash and due from depository institutions
  • $109,752Interest-bearing balances
  • $110,817Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $497,153Net loans & leases
  • $8,398Loan loss allowance
  • $0Trading account assets
  • $10,534Bank premises and fixed assets
  • $4,188Other real estate owned
  • $137Goodwill and other intangibles
  • $777,699Life insurance assets
  • $30,829All other assets
  • $723,244Total liabilities and capital
  • $686,439Total liabilities
  • $534,872Total deposits
  • $686,439Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 21652.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,952Trading liabilities
  • $0Other borrowed funds
  • $7,201Subordinated debt
  • $54,455All other liabilities
  • $54,455Total equity capital
  • $54,455Total bank equity capital
  • $0Perpetual preferred stock
  • $3,000Common stock
  • $29,447Surplus
  • $22,008Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $13,420Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,519Income earned, not collected on loans
  • $0Earning assets
  • $1,599Long-term assets (5+ years)
  • $717,722Average Assets, year-to-date
  • $186,857Average Assets, quarterly
  • $732,832Volatile liabilities
  • $781,561Insider loans
  • $499,409FHLB advances
  • $764,992Loans and leases held for sale
  • $11,865Unused loan commitments
  • $11,865Tier 1 (core) risk-based capital
  • $52,760Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $106,459Restructured Loans and leases
  • $23,719Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $31,549Total interest income
  • $2,828Total interest expense
  • $28,721Net interest income
  • $3,350Provision for loan and lease losses
  • $9,919Total noninterest income
  • $3,170Fiduciary activities
  • $547Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,202Additional noninterest income
  • $26,719Total noninterest expense
  • $14,680Salaries and employee benefits
  • $2,098Premises and equipment expense
  • $9,941Additional noninterest expense
  • $8,571Pre-tax net operating income
  • $494Securities gains (losses)
  • $2,219Applicable income taxes
  • $6,846Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,846Net income attributable to bank
  • $0Net charge-offs
  • $6,846Cash dividends
  • $3,206Sale, conversion, retirement of capital stock, net
  • $347Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.70%Yield on earning assets
  • 0.42%Cost of funding earning assets
  • 4.28%Net interest margin
  • 1.48%Noninterest income to earning assets
  • 3.98%Noninterest expense to earning assets
  • 0.88%Net operating income to assets
  • 0.93%Return on assets (ROA)
  • 1.24%Pretax return on assets
  • 13.69%Return on equity (ROE)
  • 13.00%Retained earnings to average equity (YTD only)
  • 0.66%Net charge-offs to loans
  • 104.49%Credit loss provision to net charge-offs
  • 3.72%Efficiency ratio
  • 69,045Assets per employee
  • 5.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 5.07%Loss allowance to loans
  • 1.66%Loss allowance to noncurrent loans
  • 185.84%Noncurrent assets plus other real estate owned to assets
  • 1.12%Noncurrent loans to loans
  • 0.89%Net loans and leases to deposits
  • 72.42%Net loans and leases to core deposits
  • 87.22%Equity capital to assets
  • 7.00%Core capital (leverage) ratio
  • 6.90%Tier 1 risk-based capital ratio
  • 10.56%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $732,832Average earning assets
  • $49,998Average equity
  • $671,009Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $586,304Managed Assets
  • 1Number of Accounts
  • $470,848Personal trust and agency accounts
  • $81,896Employee benefit-defined contribution accounts
  • $2,673Employee benefit-defined benefit accounts
  • $83,611Other retirement accounts
  • $81,959Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $213,672Other fiduciary accounts
  • $7,037Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 670Number of Accounts
  • $0Personal trust and agency accounts
  • $80,857Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $115,456Other retirement accounts
  • $30,419Corporate trust and agency accounts
  • $83,652Other fiduciary accounts
  • $1,338Fiduciary accounts held in foreign offices

List of branches

  • 7 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    056263Bank Of Ann Arbor125 South Fifth Avenue, Ann Arbor, MI 48107January 16, 1996Full Service Brick and Mortar
    1358945Plymouth Road Branch2649 Plymouth Road, Ann Arbor, MI 48105October 04, 2000Full Service Brick and Mortar
    2359737Ypsilanti Branch7 West Michigan Avenue, Ypsilanti, MI 48197April 02, 2001Full Service Brick and Mortar
    3363888Washtenaw Avenue Branch3500 Washtenaw Avenue, Ann Arbor, MI 48107May 15, 2002Full Service Brick and Mortar
    4419761Stadium Branch2204 West Stadium Boulevard, Ann Arbor, MI 48103January 16, 2003Full Service Brick and Mortar
    5457989Ellsworth Road Branch801 West Ellsworth Road, Ann Arbor, MI 48108October 31, 2006Full Service Brick and Mortar
    682015New Liberty Bank Branch1333 Ann Arbor Road, Plymouth, MI 48170March 16, 2001Full Service Brick and Mortar

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