Colonial Central Savings Bank, F.S.B. in Mount Clemens, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 08, 1994

  • Colonial Central Savings Bank, F.S.B. in Mount Clemens, Michigan (MI)
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Colonial Central Savings Bank, F.S.B. - Overview

  • General
  • FDIC Certificate #: 30634
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Standard Federal Bank (#27714)
    Federal Reserve ID: 417877
    Date Established: May 01, 1953
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 5662
    FDIC's unique #: 43468
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: May 01, 1953
    Last Structure Change Effective Date: April 08, 1994
    Last Structure Change Process Date: May 09, 1994
    Last Data Update: May 09, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 36800 Gratiot Avenue, Mount Clemens, MI 48043
    County: Macomb
    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)
  • Financial Summary
  • Total assets: $231.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $175Total assets
  • $234,835Cash and due from depository institutions
  • $21,395Interest-bearing balances
  • $17,239Securities
  • $57,115Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $135,595Loan loss allowance
  • $1,455Trading account assets
  • $0Bank premises and fixed assets
  • $1,598Other real estate owned
  • $1,444Goodwill and other intangibles
  • $12,221Life insurance assets
  • $5,467All other assets
  • $0Total liabilities and capital
  • $234,835Total liabilities
  • $220,581Total deposits
  • $205,825Interest-bearing deposits
  • $197,650Deposits held in domestic offices
  • 205825.00%% insured (estimated)
  • $84Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $12,469Subordinated debt
  • $0All other liabilities
  • $2,287Total equity capital
  • $2,287Total bank equity capital
  • $14,254Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $11,677Undivided profits
  • Memoranda
  • $2,576Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,507Income earned, not collected on loans
  • $822Earning assets
  • $209,949Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $231,973Average Assets, quarterly
  • $236,597Volatile liabilities
  • $53,391Insider loans
  • $178FHLB advances
  • $10,992Loans and leases held for sale
  • $0Unused loan commitments
  • $18,006Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $13,650Total risk weighted assets
  • $131,690Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $13,533Total interest expense
  • $8,688Net interest income
  • $4,845Provision for loan and lease losses
  • $235Total noninterest income
  • $5,333Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $5,333Total noninterest expense
  • $10,993Salaries and employee benefits
  • $4,190Premises and equipment expense
  • $2,608Additional noninterest expense
  • $4,195Pre-tax net operating income
  • -$1,050Securities gains (losses)
  • $1,158Applicable income taxes
  • -$734Income before extraordinary items
  • $842Extraordinary gains - net
  • $164Net income attributable to bank
  • $1,006Net charge-offs
  • $173Cash dividends
  • $150Sale, conversion, retirement of capital stock, net
  • $421Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.84%Cost of funding earning assets
  • 4.39%Net interest margin
  • 2.45%Noninterest income to earning assets
  • 2.70%Noninterest expense to earning assets
  • 5.56%Net operating income to assets
  • -0.14%Return on assets (ROA)
  • 0.43%Pretax return on assets
  • 0.12%Return on equity (ROE)
  • 7.08%Retained earnings to average equity (YTD only)
  • 6.03%Net charge-offs to loans
  • 0.12%Credit loss provision to net charge-offs
  • 135.84%Efficiency ratio
  • 107,339Assets per employee
  • 1.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 14.91%Loss allowance to loans
  • 1.06%Loss allowance to noncurrent loans
  • 58.04%Noncurrent assets plus other real estate owned to assets
  • 1.68%Noncurrent loans to loans
  • 1.83%Net loans and leases to deposits
  • 65.88%Net loans and leases to core deposits
  • 82.23%Equity capital to assets
  • 6.07%Core capital (leverage) ratio
  • 5.85%Tier 1 risk-based capital ratio
  • 10.37%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $231,973Average earning assets
  • $14,207Average equity
  • $197,852Average loans

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