City Bank and Trust Company in city_name, state_name - Detailed Financial Reports, Location

City Bank and Trust Company in Jackson, Michigan (MI)
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City Bank and Trust Company - Overview

General
FDIC Certificate #: 12897
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Citizens Bank (#986)
Federal Reserve ID: 246349
Date Established: January 02, 1848
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 16 (Interstate: No)
FDIC's unique #: 8164
Numeric code: 21
Regulator: FDIC
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: July 01, 1997
Last Structure Change Process Date: July 22, 1997
Last Data Update: July 22, 1997
Data Source Date: April 05, 2012
Location
Address: One Jackson Square, Jackson, MI 49201
County: Jackson
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): Jackson, MI (#3520)
Core Based Statistical Area (CBSA): Jackson, MI (#27100)
CBSA Metro Statistical Area: Jackson, MI (#27100)
Financial Summary
Total assets: $486.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$147Total assets
$469,302Cash and due from depository institutions
$31,249Interest-bearing balances
$0Securities
$117,626Federal funds sold & reverse repurchase agreements
$37,550Net loans & leases
$271,027Loan loss allowance
$2,354Trading account assets
$0Bank premises and fixed assets
$4,882Other real estate owned
$118Goodwill and other intangibles
$6,823Life insurance assets
$27All other assets
$0Total liabilities and capital
$469,302Total liabilities
$423,224Total deposits
$418,405Interest-bearing deposits
$352,228Deposits held in domestic offices
418405.00%% insured (estimated)
$78Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,277Subordinated debt
$0All other liabilities
$3,542Total equity capital
$3,542Total bank equity capital
$46,078Perpetual preferred stock
$0Common stock
$6,906Surplus
$26,906Undivided profits
Memoranda
$12,266Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,076Income earned, not collected on loans
$1,429Earning assets
$426,203Long-term assets (5+ years)
$116,679Average Assets, year-to-date
$419,326Average Assets, quarterly
$448,385Volatile liabilities
$92,423Insider loans
$36,692FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$87,758Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$46,803Total risk weighted assets
$278,117Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$29,363Total interest expense
$12,436Net interest income
$16,927Provision for loan and lease losses
$697Total noninterest income
$5,142Fiduciary activities
$2,150Service charges on deposit accounts
$1,853Trading account gains & fees
$0Additional noninterest income
$1,139Total noninterest expense
$10,897Salaries and employee benefits
$4,451Premises and equipment expense
$2,426Additional noninterest expense
$4,020Pre-tax net operating income
$10,475Securities gains (losses)
$61Applicable income taxes
$3,311Income before extraordinary items
$7,225Extraordinary gains - net
$0Net income attributable to bank
$7,225Net charge-offs
$257Cash dividends
$7,180Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.65%Cost of funding earning assets
3.24%Net interest margin
4.41%Noninterest income to earning assets
1.34%Noninterest expense to earning assets
2.84%Net operating income to assets
1.71%Return on assets (ROA)
1.72%Pretax return on assets
2.51%Return on equity (ROE)
15.60%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
0.11%Credit loss provision to net charge-offs
271.21%Efficiency ratio
49,377Assets per employee
3.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
99.38%Loss allowance to loans
0.86%Loss allowance to noncurrent loans
218.77%Noncurrent assets plus other real estate owned to assets
0.25%Noncurrent loans to loans
0.39%Net loans and leases to deposits
64.78%Net loans and leases to core deposits
82.82%Equity capital to assets
9.82%Core capital (leverage) ratio
10.23%Tier 1 risk-based capital ratio
16.83%Total risk-based capital ratio
Memoranda
$18Average assets
$419,326Average earning assets
$46,311Average equity
$383,959Average loans

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City Bank and Trust Company in Jackson, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

City Bank and Trust Company - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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City Bank and Trust Company in Jackson, Michigan (MI)Overview, Financial Summary, Detailed Financial Reports, Branches

City Bank and Trust Company - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

City Bank and Trust Company in Jackson, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches