Crestmark Bank in Troy, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Crestmark Bank in Troy, Michigan (MI)
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Crestmark Bank - Overview

  • General
  • FDIC Certificate #: 34353
    Status: Active
    Federal Reserve ID: 2382308
    Bank Holding Company (Regulatory Top Holder): Crestmark Bancorp, Inc. (RSSDID: 2382296, Location: Troy, MI)
    Date Established: October 01, 1996
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 57112
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 01, 1996
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 5480 Corporate Drive, Suite 350, Troy, MI 48098
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $363.0 mil
    Equity capital: $44.9 mil
    Deposits held in domestic offices: $313.0 mil
    Return on assets (ROA): 3.20% ($11.6 mil)
    Quarterly return on assets: 3.28% ($11.9 mil)
    Return on Equity (ROE): 26.92% ($12.1 mil)
    Quarterly return on equity: 27.23% ($12.3 mil)
    Net income: $10.1 mil
    Quarterly Net income: $3.0 mil
    Pretax return on assets: 4.93% ($17,894.4 mil)
    Quarterly Pretax return on assets: 5.21% ($18,910.7 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, 2011)

  • Dollar figures in thousands
  • 195Total employees (full-time equivalent)
  • $362,969Total assets
  • $19,998Cash and due from depository institutions
  • $0Interest-bearing balances
  • $13,114Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $317,305Net loans & leases
  • $8,436Loan loss allowance
  • $0Trading account assets
  • $1,308Bank premises and fixed assets
  • $0Other real estate owned
  • $5,664Goodwill and other intangibles
  • $362,969Life insurance assets
  • $5,580All other assets
  • $317,217Total liabilities and capital
  • $312,990Total liabilities
  • $311,995Total deposits
  • $312,990Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,227Subordinated debt
  • $45,752All other liabilities
  • $44,948Total equity capital
  • $44,948Total bank equity capital
  • $0Perpetual preferred stock
  • $3,150Common stock
  • $24,583Surplus
  • $17,215Undivided profits
  • Memoranda
  • $804Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,391Income earned, not collected on loans
  • $0Earning assets
  • $1,184Long-term assets (5+ years)
  • $330,419Average Assets, year-to-date
  • $8,218Average Assets, quarterly
  • $315,336Volatile liabilities
  • $361,699Insider loans
  • $336,394FHLB advances
  • $355,936Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $40,061Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $56,632Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $47,941Total interest income
  • $2,293Total interest expense
  • $45,648Net interest income
  • $1,916Provision for loan and lease losses
  • $2,540Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,540Additional noninterest income
  • $29,806Total noninterest expense
  • $20,224Salaries and employee benefits
  • $2,170Premises and equipment expense
  • $7,412Additional noninterest expense
  • $16,466Pre-tax net operating income
  • $0Securities gains (losses)
  • $5,451Applicable income taxes
  • $11,015Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,080Net income attributable to bank
  • $935Net charge-offs
  • $11,015Cash dividends
  • -$433Sale, conversion, retirement of capital stock, net
  • $1,550Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 16.72%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 15.92%Net interest margin
  • 0.89%Noninterest income to earning assets
  • 10.40%Noninterest expense to earning assets
  • 3.49%Net operating income to assets
  • 3.20%Return on assets (ROA)
  • 4.93%Pretax return on assets
  • 26.92%Return on equity (ROE)
  • 22.78%Retained earnings to average equity (YTD only)
  • -0.15%Net charge-offs to loans
  • -442.49%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 61,854Assets per employee
  • 1.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 15.38%Loss allowance to loans
  • 2.59%Loss allowance to noncurrent loans
  • 192.12%Noncurrent assets plus other real estate owned to assets
  • 1.21%Noncurrent loans to loans
  • 1.35%Net loans and leases to deposits
  • 101.38%Net loans and leases to core deposits
  • 101.79%Equity capital to assets
  • 12.38%Core capital (leverage) ratio
  • 11.26%Tier 1 risk-based capital ratio
  • 11.91%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $315,336Average earning assets
  • $37,448Average equity
  • $286,691Average loans

List of branches

  • 1 Michigan Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057112Crestmark Bank5480 Corporate Drive, Suite 350, Troy, MI 48098October 01, 1996Full Service Brick and Mortar

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