FDIC Certificate #: 24843 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Comerica Bank & Trust, National Association (#1596) Federal Reserve ID: 494328 Date Established: December 15, 1983 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 17225 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: December 15, 1983 Last Structure Change Effective Date: March 30, 2001 Last Structure Change Process Date: May 03, 2001 Last Data Update: May 03, 2001 Data Source Date: April 05, 2012
Location
Address: 3450 Central Avenue, West, Suite 354, Toledo, OH 43606 County: Lucas Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Columbus Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): Toledo, OH (#8400) Combined Statistical Area (CSA): Toledo-Fremont, OH (#534) Core Based Statistical Area (CBSA): Toledo, OH (#45780) CBSA Metro Statistical Area: Toledo, OH (#45780)
Financial Summary
Total assets: $8.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
6Total employees (full-time equivalent)
$8,942Total assets
$1,312Cash and due from depository institutions
$0Interest-bearing balances
$75Securities
$6,800Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$12Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$743All other assets
$8,942Total liabilities and capital
$459Total liabilities
$0Total deposits
$0Interest-bearing deposits
$0Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$459All other liabilities
$8,483Total equity capital
$8,483Total bank equity capital
$8,483Perpetual preferred stock
$0Common stock
$1,250Surplus
$1,250Undivided profits
Memoranda
$5,983Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$0Average Assets, year-to-date
$6,875Average Assets, quarterly
$0Volatile liabilities
$16,117Insider loans
$9,232FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$646Total interest income
$234Total interest expense
$412Net interest income
-$600Provision for loan and lease losses
$39,991Total noninterest income
$1,177Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$38,814Additional noninterest income
$10,799Total noninterest expense
$2,979Salaries and employee benefits
$618Premises and equipment expense
$7,202Additional noninterest expense
$30,204Pre-tax net operating income
$0Securities gains (losses)
$10,600Applicable income taxes
$19,604Income before extraordinary items
$0Extraordinary gains - net
$19,604Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$122Sale, conversion, retirement of capital stock, net
$16,500Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.34%Yield on earning assets
2.30%Cost of funding earning assets
4.04%Net interest margin
392.47%Noninterest income to earning assets
105.98%Noninterest expense to earning assets
121.64%Net operating income to assets
121.64%Return on assets (ROA)
187.41%Pretax return on assets
245.03%Return on equity (ROE)
38.80%Retained earnings to average equity (YTD only)
2.46%Net charge-offs to loans
-491.80%Credit loss provision to net charge-offs
242.66%Efficiency ratio
26,728Assets per employee
1.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
84.17%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
94.87%Core capital (leverage) ratio
92.04%Tier 1 risk-based capital ratio
345.96%Total risk-based capital ratio
Memoranda
$346Average assets
$16,117Average earning assets
$8,001Average equity
$10,190Average 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 Comerica Bank, National Association.
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.
Comment about this bank, ask questions, or add new information about it: