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

This bank is inactive as of March 14, 2008

  • Bank of Lenawee in Adrian, Michigan (MI)
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Bank of Lenawee - Overview

  • General
  • FDIC Certificate #: 971
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: First Federal Bank of the Midwest (#29845)
    Federal Reserve ID: 630948
    Date Established: December 01, 1869
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 10 (Interstate: No)
    OTS Docket #: 10637
    FDIC's unique #: 638
    Numeric code: 13
    Regulator: FED
    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: January 01, 1934
    Last Structure Change Effective Date: March 14, 2008
    Last Structure Change Process Date: March 21, 2008
    Last Data Update: March 21, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 135 East Maumee Street, Adrian, MI 49221
    County: Lenawee
    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)
    Core Based Statistical Area (CBSA): Adrian, MI (#10300)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $272.9 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, 2007)

  • Dollar figures in thousands
  • 95Total employees (full-time equivalent)
  • $272,936Total assets
  • $8,631Cash and due from depository institutions
  • $6Interest-bearing balances
  • $8,545Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $236,954Net loans & leases
  • $4,512Loan loss allowance
  • $0Trading account assets
  • $9,890Bank premises and fixed assets
  • $1,275Other real estate owned
  • $2,182Goodwill and other intangibles
  • $0Life insurance assets
  • $5,459All other assets
  • $272,936Total liabilities and capital
  • $242,916Total liabilities
  • $205,927Total deposits
  • $157,259Interest-bearing deposits
  • $205,927Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $19,864Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $15,157Other borrowed funds
  • $0Subordinated debt
  • $1,968All other liabilities
  • $30,020Total equity capital
  • $30,020Total bank equity capital
  • $30,020Perpetual preferred stock
  • $0Common stock
  • $1,821Surplus
  • $19,178Undivided profits
  • Memoranda
  • $9,021Noncurrent loans and leases
  • $57,803Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $5,911Earning assets
  • $0Long-term assets (5+ years)
  • $2,078Average Assets, year-to-date
  • $245,505Average Assets, quarterly
  • $32,960Volatile liabilities
  • $285,675Insider loans
  • $275,548FHLB advances
  • $79,619Loans and leases held for sale
  • $4,763Unused loan commitments
  • $15,157Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $663Total risk weighted assets
  • $57,803Total unused commitments
  • $0Restructured Loans and leases
  • $3,231Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $19,459Total interest income
  • $7,314Total interest expense
  • $12,145Net interest income
  • $2,119Provision for loan and lease losses
  • $2,966Total noninterest income
  • $0Fiduciary activities
  • $1,264Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,702Additional noninterest income
  • $10,961Total noninterest expense
  • $6,159Salaries and employee benefits
  • $2,162Premises and equipment expense
  • $2,640Additional noninterest expense
  • $2,031Pre-tax net operating income
  • -$19Securities gains (losses)
  • $677Applicable income taxes
  • $1,335Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,335Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $424Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.59%Yield on earning assets
  • 2.85%Cost of funding earning assets
  • 4.73%Net interest margin
  • 1.16%Noninterest income to earning assets
  • 4.27%Noninterest expense to earning assets
  • 0.47%Net operating income to assets
  • 0.47%Return on assets (ROA)
  • 0.70%Pretax return on assets
  • 4.37%Return on equity (ROE)
  • 4.37%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 499.76%Credit loss provision to net charge-offs
  • 9.79%Efficiency ratio
  • 72,537Assets per employee
  • 2.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.87%Loss allowance to noncurrent loans
  • 76.33%Noncurrent assets plus other real estate owned to assets
  • 2.63%Noncurrent loans to loans
  • 2.45%Net loans and leases to deposits
  • 115.07%Net loans and leases to core deposits
  • 146.88%Equity capital to assets
  • 11.00%Core capital (leverage) ratio
  • 10.86%Tier 1 risk-based capital ratio
  • 11.64%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $285,675Average earning assets
  • $30,546Average equity
  • $256,537Average loans

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