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

  • Bank of Birmingham in Birmingham, Michigan (MI)
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Bank of Birmingham - Overview

  • General
  • FDIC Certificate #: 58101
    Status: Active
    Federal Reserve ID: 3430297
    Bank Holding Company (Regulatory Top Holder): Birmingham Bloomfield Bancshares, Inc. (RSSDID: 3438145, Location: Birmingham, MI)
    Date Established: July 26, 2006
    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 #: 439712
    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: July 26, 2006
    Last Structure Change Effective Date: July 26, 2006
    Last Structure Change Process Date: July 26, 2006
    Last Data Update: July 26, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 33583 Woodward Avenue, Birmingham, MI 48009
    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)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    New Institution
  • Financial Summary
  • Total assets: $123.9 mil
    Equity capital: $13.8 mil
    Deposits held in domestic offices: $109.4 mil
    Return on assets (ROA): 3.04% ($3.8 mil)
    Quarterly return on assets: 8.13% ($10.1 mil)
    Return on Equity (ROE): 33.26% ($4.7 mil)
    Quarterly return on equity: 80.11% ($11.2 mil)
    Net income: $3.6 mil
    Quarterly Net income: $2.5 mil
    Pretax return on assets: 1.06% ($1,313.0 mil)
    Quarterly Pretax return on assets: 0.55% ($681.3 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
  • 36Total employees (full-time equivalent)
  • $123,868Total assets
  • $4,693Cash and due from depository institutions
  • $4,374Interest-bearing balances
  • $4,595Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $107,209Net loans & leases
  • $1,574Loan loss allowance
  • $0Trading account assets
  • $1,387Bank premises and fixed assets
  • $298Other real estate owned
  • $124Goodwill and other intangibles
  • $123,868Life insurance assets
  • $5,562All other assets
  • $110,026Total liabilities and capital
  • $109,355Total liabilities
  • $88,015Total deposits
  • $109,355Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $671Subordinated debt
  • $13,842All other liabilities
  • $13,842Total equity capital
  • $13,842Total bank equity capital
  • $0Perpetual preferred stock
  • $1,205Common stock
  • $17,300Surplus
  • $-4,663Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,485Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $450Long-term assets (5+ years)
  • $116,178Average Assets, year-to-date
  • $11,334Average Assets, quarterly
  • $118,818Volatile liabilities
  • $124,306Insider loans
  • $112,827FHLB advances
  • $121,661Loans and leases held for sale
  • $2,100Unused loan commitments
  • $1,050Tier 1 (core) risk-based capital
  • $12,091Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,050Total unused commitments
  • $29,575Restructured Loans and leases
  • $2,306Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,365Total interest income
  • $1,223Total interest expense
  • $5,142Net interest income
  • $234Provision for loan and lease losses
  • $1,227Total noninterest income
  • $0Fiduciary activities
  • $23Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,204Additional noninterest income
  • $4,877Total noninterest expense
  • $2,737Salaries and employee benefits
  • $712Premises and equipment expense
  • $1,428Additional noninterest expense
  • $1,258Pre-tax net operating income
  • $0Securities gains (losses)
  • -$2,355Applicable income taxes
  • $3,613Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,613Net income attributable to bank
  • $0Net charge-offs
  • $3,613Cash dividends
  • $108Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.55%Yield on earning assets
  • 1.07%Cost of funding earning assets
  • 4.49%Net interest margin
  • 1.07%Noninterest income to earning assets
  • 4.25%Noninterest expense to earning assets
  • 3.04%Net operating income to assets
  • 3.04%Return on assets (ROA)
  • 1.06%Pretax return on assets
  • 33.26%Return on equity (ROE)
  • 33.26%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 216.67%Credit loss provision to net charge-offs
  • 13.81%Efficiency ratio
  • 76,574Assets per employee
  • 3.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 98.04%Net loans and leases to core deposits
  • 108.94%Equity capital to assets
  • 11.17%Core capital (leverage) ratio
  • 9.94%Tier 1 risk-based capital ratio
  • 10.72%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $118,818Average earning assets
  • $10,864Average equity
  • $114,628Average loans

List of branches

  • 1 Michigan Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0439712Bank Of Birmingham33583 Woodward Avenue, Birmingham, MI 48009July 26, 2006Full Service Brick and Mortar

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