Bank of Auburn Hills in Auburn Hills, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 31, 2010

  • Bank of Auburn Hills in Auburn Hills, Michigan (MI)
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Bank of Auburn Hills - Overview

  • General
  • FDIC Certificate #: 57984
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Michigan Commerce Bank (#33134)
    Federal Reserve ID: 3335598
    Date Established: July 13, 2005
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 433045
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 13, 2005
    Last Structure Change Effective Date: March 31, 2010
    Last Structure Change Process Date: April 14, 2010
    Last Data Update: April 14, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1988 N. Opdyke Road, Auburn Hills, MI 48326
    County: Oakland
    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: Warren-Troy-Farmington Hills, MI (#47644)
  • Financial Summary
  • Total assets: $35.5 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, 2009)

  • Dollar figures in thousands
  • 7Total employees (full-time equivalent)
  • $35,547Total assets
  • $4,486Cash and due from depository institutions
  • $4,378Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $28,668Net loans & leases
  • $1,795Loan loss allowance
  • $0Trading account assets
  • $48Bank premises and fixed assets
  • $2,027Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $318All other assets
  • $35,547Total liabilities and capital
  • $33,446Total liabilities
  • $33,306Total deposits
  • $31,304Interest-bearing deposits
  • $33,306Deposits held in domestic offices
  • 96.83%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $140All other liabilities
  • $2,101Total equity capital
  • $2,101Total bank equity capital
  • $2,101Perpetual preferred stock
  • $0Common stock
  • $4,000Surplus
  • $4,100Undivided profits
  • Memoranda
  • $-5,999Noncurrent loans and leases
  • $261Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,615Earning assets
  • $93Long-term assets (5+ years)
  • $119Average Assets, year-to-date
  • $33,046Average Assets, quarterly
  • $1,758Volatile liabilities
  • $40,373Insider loans
  • $35,836FHLB advances
  • $10,095Loans and leases held for sale
  • $144Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $261Total unused commitments
  • $197Restructured Loans and leases
  • $398Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $2,119Total interest income
  • $1,025Total interest expense
  • $1,094Net interest income
  • $1,898Provision for loan and lease losses
  • -$158Total noninterest income
  • $0Fiduciary activities
  • $24Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$182Additional noninterest income
  • $1,941Total noninterest expense
  • $588Salaries and employee benefits
  • $109Premises and equipment expense
  • $1,244Additional noninterest expense
  • -$2,903Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,035Applicable income taxes
  • -$3,938Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,938Net income attributable to bank
  • $0Net charge-offs
  • -$3,938Cash dividends
  • $1,091Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.66%Yield on earning assets
  • 2.74%Cost of funding earning assets
  • 2.92%Net interest margin
  • -0.42%Noninterest income to earning assets
  • 5.19%Noninterest expense to earning assets
  • -9.75%Net operating income to assets
  • -9.75%Return on assets (ROA)
  • -7.19%Pretax return on assets
  • -92.77%Return on equity (ROE)
  • -92.77%Retained earnings to average equity (YTD only)
  • 3.15%Net charge-offs to loans
  • 173.97%Credit loss provision to net charge-offs
  • -0.92%Efficiency ratio
  • 207,372Assets per employee
  • 5.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.89%Loss allowance to noncurrent loans
  • 111.15%Noncurrent assets plus other real estate owned to assets
  • 10.25%Noncurrent loans to loans
  • 5.30%Net loans and leases to deposits
  • 86.07%Net loans and leases to core deposits
  • 123.51%Equity capital to assets
  • 5.91%Core capital (leverage) ratio
  • 5.93%Tier 1 risk-based capital ratio
  • 6.90%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $40,373Average earning assets
  • $4,245Average equity
  • $37,419Average loans

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