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- Banks in Michigan (MI)
- CF Bancorp
CF Bancorp in Port Huron, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of April 30, 2010
- CF Bancorp in Port Huron, Michigan (MI)
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CF Bancorp - Overview
- General
- FDIC Certificate #: 30005
Status: Inactive
Closing history: Corrections
Acquiring institution: Talmer Bank and Trust (#58132)
Federal Reserve ID: 791474
Date Established: January 01, 1937
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 25 (Interstate: No)
OTS Docket #: 4531
FDIC's unique #: 42839
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: August 01, 1938
Last Structure Change Effective Date: April 30, 2010
Last Structure Change Process Date: May 03, 2010
Last Data Update: May 03, 2010
Data Source Date: April 05, 2012 - Location
- Address: 525 Water Street, Port Huron, MI 48060
County: St. Clair
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) - History of Changes
- Absorption - Assisted
Corrections - Financial Summary
- Total assets: $1,599.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
- Dollar figures in thousands
- 362Total employees (full-time equivalent)
- $1,712,782Total assets
- $123,143Cash and due from depository institutions
- $108,322Interest-bearing balances
- $237,899Securities
- $0Federal funds sold & reverse repurchase agreements
- $1,208,202Net loans & leases
- $58,424Loan loss allowance
- $0Trading account assets
- $38,308Bank premises and fixed assets
- $22,121Other real estate owned
- $8,561Goodwill and other intangibles
- $17,505Life insurance assets
- $74,548All other assets
- $1,712,782Total liabilities and capital
- $1,735,321Total liabilities
- $1,436,836Total deposits
- $1,397,116Interest-bearing deposits
- $1,436,836Deposits held in domestic offices
- 99.97%% insured (estimated)
- $0Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $273,077Other borrowed funds
- $0Subordinated debt
- $25,408All other liabilities
- $-22,539Total equity capital
- $-22,539Total bank equity capital
- $-22,539Perpetual preferred stock
- $0Common stock
- $523Surplus
- $120,047Undivided profits
- Memoranda
- $-143,109Noncurrent loans and leases
- $176,790Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $92,827Earning assets
- $705Long-term assets (5+ years)
- $7,864Average Assets, year-to-date
- $1,554,423Average Assets, quarterly
- $429,819Volatile liabilities
- $1,863,543Insider loans
- $1,766,143FHLB advances
- $391,727Loans and leases held for sale
- $5,666Unused loan commitments
- $273,077Tier 1 (core) risk-based capital
- $42,982Tier 2 risk-based capital
- $3,218Total risk weighted assets
- $176,790Total unused commitments
- $89,012Restructured Loans and leases
- $4,043Derivatives
Income and Expense (December 31, 2009)
- Dollar figures in thousands
- $100,973Total interest income
- $50,489Total interest expense
- $50,484Net interest income
- $93,602Provision for loan and lease losses
- $8,755Total noninterest income
- $1,272Fiduciary activities
- $3,637Service charges on deposit accounts
- $0Trading account gains & fees
- $3,846Additional noninterest income
- $53,279Total noninterest expense
- $20,055Salaries and employee benefits
- $6,283Premises and equipment expense
- $26,941Additional noninterest expense
- -$87,642Pre-tax net operating income
- -$32,941Securities gains (losses)
- -$2,406Applicable income taxes
- -$118,177Income before extraordinary items
- $0Extraordinary gains - net
- -$118,177Net income attributable to bank
- $0Net charge-offs
- -$118,177Cash dividends
- $61,651Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 2009)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 5.98%Yield on earning assets
- 2.99%Cost of funding earning assets
- 2.99%Net interest margin
- 0.52%Noninterest income to earning assets
- 3.15%Noninterest expense to earning assets
- -4.61%Net operating income to assets
- -6.34%Return on assets (ROA)
- -6.47%Pretax return on assets
- -313.35%Return on equity (ROE)
- -313.35%Retained earnings to average equity (YTD only)
- 4.54%Net charge-offs to loans
- 151.83%Credit loss provision to net charge-offs
- 0.10%Efficiency ratio
- 89,293Assets per employee
- 4.73%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 0.00%Loss allowance to loans
- 4.61%Loss allowance to noncurrent loans
- 62.94%Noncurrent assets plus other real estate owned to assets
- 6.71%Noncurrent loans to loans
- 7.33%Net loans and leases to deposits
- 84.09%Net loans and leases to core deposits
- 99.03%Equity capital to assets
- -1.32%Core capital (leverage) ratio
- 0.23%Tier 1 risk-based capital ratio
- 0.28%Total risk-based capital ratio
- Memoranda
- $1Average assets
- $1,863,543Average earning assets
- $37,714Average equity
- $1,689,400Average loans
Total Fiduciary and Related Assets (December 31, 2009)
- Dollar figures in thousands
- $1Total fiduciary and related assets
- 1Number of Fiduciary Accounts and Related Asset Accounts
- YesFiduciary powers granted
- YesFiduciary or related activity
- $166,473Managed Assets
- 1Number of Accounts
- $139,676Personal trust and agency accounts
- $39,204Employee benefit-defined contribution accounts
- $6,388Employee benefit-defined benefit accounts
- $8,234Other retirement accounts
- $18,026Corporate trust and agency accounts
- $0Investment management agency accounts
- $58,760Other fiduciary accounts
- $8,493Fiduciary accounts held in foreign offices
- $571Non-managed Assets
- 400Number of Accounts
- $0Personal trust and agency accounts
- $18,026Employee benefit-defined contribution accounts
- $0Employee benefit-defined benefit accounts
- $26,797Other retirement accounts
- $46Corporate trust and agency accounts
- $15,997Other fiduciary accounts
- $584Fiduciary accounts held in foreign offices
Bank Assets Sold and Securitized (December 31, 2009)
- Dollar figures in thousands
- Principal balance with servicing or other recourse retained
- $29,5921-4 family residential loans
- $0Home equity lines
- $0Credit cards receivables
- $0Auto loans
- $0Other consumer loans
- $0Commercial and industrial loans
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- CF Bancorp
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