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

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

  • General
  • 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
    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
  • NoIDNameAddressEstablishedService TypeMap
    0428197Bank Of Michigan30095 Northwestern Highway, Farmington Hills, MI 48334January 10, 2005Full Service Brick and Mortar

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