Charter Bank in Wyandotte, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 09, 2002

  • Charter Bank in Wyandotte, Michigan (MI)
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Charter Bank - Overview

  • General
  • FDIC Certificate #: 10037
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Charter One Bank, National Association (#28932)
    Federal Reserve ID: 270241
    Date Established: December 15, 1933
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 8 (Interstate: No)
    OTS Docket #: 15330
    FDIC's unique #: 6415
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: August 09, 2002
    Last Structure Change Process Date: August 22, 2002
    Last Data Update: August 22, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 3058 First Street, Wyandotte, MI 48192
    County: Wayne
    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: Detroit-Livonia-Dearborn, MI (#19804)
  • Financial Summary
  • Total assets: $354.6 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, 2001)

  • Dollar figures in thousands
  • 119Total employees (full-time equivalent)
  • $266,839Total assets
  • $8,716Cash and due from depository institutions
  • $233Interest-bearing balances
  • $34,538Securities
  • $9,000Federal funds sold & reverse repurchase agreements
  • $202,673Net loans & leases
  • $2,991Loan loss allowance
  • $0Trading account assets
  • $4,789Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $7,123All other assets
  • $266,839Total liabilities and capital
  • $242,604Total liabilities
  • $219,455Total deposits
  • $167,031Interest-bearing deposits
  • $219,455Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,991Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $13,893Other borrowed funds
  • $0Subordinated debt
  • $3,265All other liabilities
  • $24,235Total equity capital
  • $24,235Total bank equity capital
  • $24,235Perpetual preferred stock
  • $0Common stock
  • $1,796Surplus
  • $9,204Undivided profits
  • Memoranda
  • $13,235Noncurrent loans and leases
  • $41,418Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,811Earning assets
  • $37Long-term assets (5+ years)
  • $889Average Assets, year-to-date
  • $246,444Average Assets, quarterly
  • $64,196Volatile liabilities
  • $266,124Insider loans
  • $268,795FHLB advances
  • $32,776Loans and leases held for sale
  • $14,016Unused loan commitments
  • $13,832Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $41,418Total unused commitments
  • $0Restructured Loans and leases
  • $2,626Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $19,555Total interest income
  • $6,965Total interest expense
  • $12,590Net interest income
  • $525Provision for loan and lease losses
  • $3,218Total noninterest income
  • $552Fiduciary activities
  • $1,454Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,212Additional noninterest income
  • $11,052Total noninterest expense
  • $7,001Salaries and employee benefits
  • $1,543Premises and equipment expense
  • $2,508Additional noninterest expense
  • $4,231Pre-tax net operating income
  • $587Securities gains (losses)
  • $1,637Applicable income taxes
  • $3,181Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,181Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $174Sale, conversion, retirement of capital stock, net
  • $2,138Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.92%Yield on earning assets
  • 2.82%Cost of funding earning assets
  • 5.10%Net interest margin
  • 1.30%Noninterest income to earning assets
  • 4.47%Noninterest expense to earning assets
  • 1.05%Net operating income to assets
  • 1.20%Return on assets (ROA)
  • 1.81%Pretax return on assets
  • 13.20%Return on equity (ROE)
  • 4.33%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 301.72%Credit loss provision to net charge-offs
  • 27.33%Efficiency ratio
  • 69,914Assets per employee
  • 2.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.21%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 106.40%Noncurrent assets plus other real estate owned to assets
  • 1.05%Noncurrent loans to loans
  • 1.37%Net loans and leases to deposits
  • 92.35%Net loans and leases to core deposits
  • 105.19%Equity capital to assets
  • 9.08%Core capital (leverage) ratio
  • 8.80%Tier 1 risk-based capital ratio
  • 11.36%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $266,124Average earning assets
  • $24,094Average equity
  • $247,050Average loans

Total Fiduciary and Related Assets (December 31, 2001)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $59,032Managed Assets
  • 1Number of Accounts
  • $55,561Personal trust and agency accounts
  • $34,638Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $9,443Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $11,480Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 176Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $3,471Other retirement accounts
  • $0Corporate trust and agency accounts
  • $2,895Other fiduciary accounts
  • $576Fiduciary accounts held in foreign offices

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