Brighton Commerce Bank in Brighton, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 31, 2009

  • Brighton Commerce Bank in Brighton, Michigan (MI)
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Brighton Commerce Bank - Overview

  • General
  • FDIC Certificate #: 34314
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Michigan Commerce Bank (#33134)
    Federal Reserve ID: 2498786
    Date Established: January 08, 1997
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 16089
    FDIC's unique #: 57073
    Numeric code: 21
    Regulator: FDIC
    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 08, 1997
    Last Structure Change Effective Date: March 31, 2009
    Last Structure Change Process Date: April 02, 2009
    Last Data Update: April 02, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 8700 North Second Street, Brighton, MI 48116
    County: Livingston
    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)
    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: $114.4 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, 2008)

  • Dollar figures in thousands
  • 26Total employees (full-time equivalent)
  • $114,429Total assets
  • $9,957Cash and due from depository institutions
  • $8,128Interest-bearing balances
  • $866Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $99,019Net loans & leases
  • $1,386Loan loss allowance
  • $0Trading account assets
  • $204Bank premises and fixed assets
  • $2,081Other real estate owned
  • $323Goodwill and other intangibles
  • $0Life insurance assets
  • $1,979All other assets
  • $114,429Total liabilities and capital
  • $104,836Total liabilities
  • $95,950Total deposits
  • $86,843Interest-bearing deposits
  • $95,950Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $8,500Other borrowed funds
  • $0Subordinated debt
  • $386All other liabilities
  • $9,593Total equity capital
  • $9,593Total bank equity capital
  • $9,593Perpetual preferred stock
  • $0Common stock
  • $1,570Surplus
  • $7,103Undivided profits
  • Memoranda
  • $920Noncurrent loans and leases
  • $10,457Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,993Earning assets
  • $0Long-term assets (5+ years)
  • $399Average Assets, year-to-date
  • $108,013Average Assets, quarterly
  • $866Volatile liabilities
  • $112,586Insider loans
  • $116,911FHLB advances
  • $27,692Loans and leases held for sale
  • $3,890Unused loan commitments
  • $8,500Tier 1 (core) risk-based capital
  • $293Tier 2 risk-based capital
  • $293Total risk weighted assets
  • $10,457Total unused commitments
  • $0Restructured Loans and leases
  • $1,290Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $7,017Total interest income
  • $2,926Total interest expense
  • $4,091Net interest income
  • $559Provision for loan and lease losses
  • $289Total noninterest income
  • $0Fiduciary activities
  • $175Service charges on deposit accounts
  • $0Trading account gains & fees
  • $114Additional noninterest income
  • $3,248Total noninterest expense
  • $1,285Salaries and employee benefits
  • $472Premises and equipment expense
  • $1,491Additional noninterest expense
  • $573Pre-tax net operating income
  • $0Securities gains (losses)
  • $203Applicable income taxes
  • $370Income before extraordinary items
  • $0Extraordinary gains - net
  • $370Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $191Sale, conversion, retirement of capital stock, net
  • $573Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.85%Yield on earning assets
  • 2.86%Cost of funding earning assets
  • 3.99%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 3.17%Noninterest expense to earning assets
  • 0.33%Net operating income to assets
  • 0.33%Return on assets (ROA)
  • 0.51%Pretax return on assets
  • 3.82%Return on equity (ROE)
  • -2.10%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 292.67%Credit loss provision to net charge-offs
  • 5.93%Efficiency ratio
  • 74,155Assets per employee
  • 4.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 154.86%Loss allowance to loans
  • 1.38%Loss allowance to noncurrent loans
  • 69.54%Noncurrent assets plus other real estate owned to assets
  • 3.56%Noncurrent loans to loans
  • 1.98%Net loans and leases to deposits
  • 103.20%Net loans and leases to core deposits
  • 138.96%Equity capital to assets
  • 8.38%Core capital (leverage) ratio
  • 8.14%Tier 1 risk-based capital ratio
  • 9.10%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $112,586Average earning assets
  • $9,685Average equity
  • $102,410Average loans

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