FDIC Certificate #: 35486 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Citizens Community Federal (#57265) Federal Reserve ID: 184692 Date Established: March 12, 1954 WWW:http://www.mycommunityplus.net Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 17975 FDIC's unique #: 80570 Numeric code: 44 Regulator: OTS Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes FDIC Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: January 01, 2002 Last Structure Change Effective Date: July 01, 2005 Last Structure Change Process Date: November 08, 2005 Last Data Update: November 08, 2005 Data Source Date: April 05, 2012
Location
Address: 310 Tienken Road, Rochester Hills, MI 48306 County: Oakland 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: $46.0 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2004)
Dollar figures in thousands
15Total employees (full-time equivalent)
$46,430Total assets
$14,075Cash and due from depository institutions
$12,896Interest-bearing balances
$2,607Securities
$0Federal funds sold & reverse repurchase agreements
$28,077Net loans & leases
$40Loan loss allowance
$0Trading account assets
$894Bank premises and fixed assets
$0Other real estate owned
$2Goodwill and other intangibles
$0Life insurance assets
$775All other assets
$46,430Total liabilities and capital
$42,298Total liabilities
$42,048Total deposits
$33,878Interest-bearing deposits
$42,048Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$250All other liabilities
$4,132Total equity capital
$4,132Total bank equity capital
$4,132Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$4,132Noncurrent loans and leases
$3,153Noncurrent 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)
$109Average Assets, year-to-date
$43,580Average Assets, quarterly
$0Volatile liabilities
$46,443Insider loans
$46,362FHLB advances
$7,918Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,153Total unused commitments
$0Restructured Loans and leases
$51Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$1,728Total interest income
$410Total interest expense
$1,318Net interest income
$20Provision for loan and lease losses
$306Total noninterest income
$0Fiduciary activities
$62Service charges on deposit accounts
$0Trading account gains & fees
$244Additional noninterest income
$1,476Total noninterest expense
$707Salaries and employee benefits
$276Premises and equipment expense
$493Additional noninterest expense
$128Pre-tax net operating income
$0Securities gains (losses)
$42Applicable income taxes
$86Income before extraordinary items
$0Extraordinary gains - net
$86Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$32Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.95%Yield on earning assets
0.94%Cost of funding earning assets
3.01%Net interest margin
0.70%Noninterest income to earning assets
3.37%Noninterest expense to earning assets
0.19%Net operating income to assets
0.19%Return on assets (ROA)
0.28%Pretax return on assets
2.09%Return on equity (ROE)
2.09%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
62.50%Credit loss provision to net charge-offs
4.63%Efficiency ratio
90,887Assets per employee
3.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.14%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
66.77%Net loans and leases to core deposits
82.26%Equity capital to assets
8.90%Core capital (leverage) ratio
8.88%Tier 1 risk-based capital ratio
18.22%Total risk-based capital ratio
Memoranda
$18Average assets
$46,443Average earning assets
$4,108Average equity
$43,761Average loans
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