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)
  • Show street view No street view available for this location

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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with CF Bancorp.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents