FDIC Certificate #: 57861 Status: Active Federal Reserve ID: 3301865 Bank Holding Company (Regulatory Top Holder): Capitol Bancorp Ltd. (RSSDID: 1247334, Location: Lansing, MI) Date Established: January 10, 2005 WWW:http://www.bankofmi.com 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 #: 428197 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 10, 2005 Last Structure Change Effective Date: January 01, 2008 Last Structure Change Process Date: January 24, 2008 Last Data Update: January 24, 2008 Data Source Date: April 05, 2012
Location
Address: 30095 Northwestern Highway, Farmington Hills, MI 48334 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: $85.7 mil Equity capital: $7.4 mil Deposits held in domestic offices: $78.2 mil Return on assets (ROA): 0.52% ($0.4 mil) Quarterly return on assets: 0.78% ($0.7 mil) Return on Equity (ROE): 5.97% ($0.4 mil) Quarterly return on equity: 9.05% ($0.6 mil) Net income: $0.4 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.75% ($642.6 mil) Quarterly Pretax return on assets: 1.05% ($899.7 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
14Total employees (full-time equivalent)
$85,685Total assets
$16,477Cash and due from depository institutions
$12,722Interest-bearing balances
$3,247Securities
$0Federal funds sold & reverse repurchase agreements
$63,893Net loans & leases
$1,505Loan loss allowance
$0Trading account assets
$247Bank premises and fixed assets
$675Other real estate owned
$0Goodwill and other intangibles
$85,685Life insurance assets
$1,146All other assets
$78,309Total liabilities and capital
$78,178Total liabilities
$64,060Total deposits
$78,178Interest-bearing deposits
$83Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$131Subordinated debt
$7,376All other liabilities
$7,376Total equity capital
$7,376Total bank equity capital
$0Perpetual preferred stock
$4,000Common stock
$4,020Surplus
$-644Undivided profits
Memoranda
$0Noncurrent loans and leases
$428Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$715Income earned, not collected on loans
$0Earning assets
$222Long-term assets (5+ years)
$79,862Average Assets, year-to-date
$1,267Average Assets, quarterly
$82,552Volatile liabilities
$84,541Insider loans
$65,211FHLB advances
$83,809Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$7,378Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,691Restructured Loans and leases
$1,799Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,906Total interest income
$784Total interest expense
$3,122Net interest income
$662Provision for loan and lease losses
$1,096Total noninterest income
$0Fiduciary activities
$430Service charges on deposit accounts
$0Trading account gains & fees
$666Additional noninterest income
$2,935Total noninterest expense
$1,184Salaries and employee benefits
$219Premises and equipment expense
$1,532Additional noninterest expense
$621Pre-tax net operating income
$0Securities gains (losses)
$195Applicable income taxes
$426Income before extraordinary items
$0Extraordinary gains - net
$426Net income attributable to bank
$0Net charge-offs
$426Cash dividends
$525Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.05%Yield on earning assets
1.01%Cost of funding earning assets
4.03%Net interest margin
1.42%Noninterest income to earning assets
3.79%Noninterest expense to earning assets
0.52%Net operating income to assets
0.52%Return on assets (ROA)
0.75%Pretax return on assets
5.97%Return on equity (ROE)
5.97%Retained earnings to average equity (YTD only)
0.82%Net charge-offs to loans
126.10%Credit loss provision to net charge-offs
2.44%Efficiency ratio
69,583Assets per employee
6.12%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.30%Loss allowance to noncurrent loans
210.49%Noncurrent assets plus other real estate owned to assets
1.62%Noncurrent loans to loans
1.09%Net loans and leases to deposits
81.73%Net loans and leases to core deposits
130.17%Equity capital to assets
8.61%Core capital (leverage) ratio
8.80%Tier 1 risk-based capital ratio
11.31%Total risk-based capital ratio
Memoranda
$13Average assets
$82,552Average earning assets
$7,139Average equity
$77,394Average loans
List of branches
1 Michigan Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
428197
Bank Of Michigan
30095 Northwestern Highway, Farmington Hills, MI 48334
January 10, 2005
Full Service Brick and Mortar
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