Bank of Maumee in Maumee, Ohio (OH)



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Bank of Maumee
GeneralFDIC Certificate #: 58317
Status: Active
Federal Reserve ID: 3461264
Bank Holding Company (Regulatory Top Holder): Capitol Bancorp Ltd. (RSSDID: 1247334, Location: Lansing, MI)
Date Established: October 02, 2006
WWW: http://www.bankofmaumee.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 1 (Domestic: 1, Interstate: No)
OTS Docket #: 18042
FDIC's unique #: 446070
Numeric code: 33
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: October 02, 2006
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 3425 Briarfield Boulevard Suite 100, Maumee, OH 43537
County: Lucas
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Columbus
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Toledo, OH (#8400)
Combined Statistical Area (CSA): Toledo-Fremont, OH (#534)
Core Based Statistical Area (CBSA): Toledo, OH (#45780)
CBSA Metro Statistical Area: Toledo, OH (#45780)
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $33.5 mil
Equity capital: $1.9 mil
Deposits held in domestic offices: $31.6 mil
Return on assets (ROA): -2.97% (-$1.0 mil)
Quarterly return on assets: -2.55% (-$0.8 mil)
Return on Equity (ROE): -44.75% (-$0.9 mil)
Quarterly return on equity: -43.92% (-$0.9 mil)
Net income: -$1.1 mil
Quarterly Net income: -$0.2 mil
Pretax return on assets: -2.97% (-$994.8 mil)
Quarterly Pretax return on assets: -2.55% (-$854.1 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)
Total employees (full-time equivalent)7
Total assets$33,495
Cash and due from depository institutions$7,334
Interest-bearing balances$6,639
Securities$0
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$25,250
Loan loss allowance $1,084
Trading account assets$0
Bank premises and fixed assets$302
Other real estate owned$94
Goodwill and other intangibles$7
All other assets$508
Life insurance assets$33,495
Total liabilities and capital$31,627
Total liabilities$31,604
Total deposits$25,506
Interest-bearing deposits$31,604
Deposits held in domestic offices$98
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $23
All other liabilities $1,868
Total equity capital$1,868
Total bank equity capital$1,868
Perpetual preferred stock$0
Common stock$4,750
Surplus$4,750
Undivided profits $-7,632
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $988
Earning assets $140
Long-term assets (5+ years) $111
Average Assets, year-to-date $31,889
Average Assets, quarterly $0
Volatile liabilities $36,573
Insider loans $34,059
FHLB advances $24,702
Loans and leases held for sale $33,495
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $1,868
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,355
Derivatives$1,807
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,759
Total interest expense $358
Net interest income $1,401
Provision for loan and lease losses $824
Total noninterest income $146
Fiduciary activities $0
Service charges on deposit accounts $63
Trading account gains & fees $0
Additional noninterest income $83
Total noninterest expense $1,811
Salaries and employee benefits $575
Premises and equipment expense $243
Additional noninterest expense $993
Pre-tax net operating income -$1,088
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items -$1,088
Extraordinary gains - net $0
Net income attributable to bank -$1,088
Net charge-offs $0
Cash dividends -$1,088
Sale, conversion, retirement of capital stock, net $1,167
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.07%
Cost of funding earning assets 1.03%
Net interest margin 4.04%
Noninterest income to earning assets 0.42%
Noninterest expense to earning assets 5.22%
Net operating income to assets -2.97%
Return on assets (ROA) -2.97%
Pretax return on assets -2.97%
Return on equity (ROE) -44.75%
Retained earnings to average equity (YTD only) -44.75%
Net charge-offs to loans 3.87%
Credit loss provision to net charge-offs 70.61%
Efficiency ratio-0.23%
Assets per employee$116,807
Cash dividends to net income (YTD only)4.79%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 4.12%
Noncurrent assets plus other real estate owned to assets 109.72%
Noncurrent loans to loans 3.23%
Net loans and leases to deposits3.75%
Net loans and leases to core deposits 79.89%
Equity capital to assets 79.89%
Core capital (leverage) ratio 5.58%
Tier 1 risk-based capital ratio 5.58%
Total risk-based capital ratio 7.56%
Memoranda
Average assets$9
Average earning assets$36,573
Average equity $2,431
Average loans $34,663
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1 Ohio Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0446070Bank Of Maumee3425 Briarfield Boulevard Suite 100, Maumee, OH 43537October 02, 2006Full Service Brick and Mortar
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