Dearborn Federal Savings Bank in Dearborn, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Dearborn Federal Savings Bank in Dearborn, Michigan (MI)
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Dearborn Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29874
    Status: Active
    Federal Reserve ID: 1005075
    Date Established: January 01, 1936
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 4241
    FDIC's unique #: 42708
    Numeric code: 34
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: August 31, 1938
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 22315 W Michigan Ave, Dearborn, MI 48124
    County: Wayne
    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: Detroit-Livonia-Dearborn, MI (#19804)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $259.0 mil
    Equity capital: $64.1 mil
    Deposits held in domestic offices: $193.4 mil
    Return on assets (ROA): 0.14% ($0.4 mil)
    Quarterly return on assets: 0.16% ($0.4 mil)
    Return on Equity (ROE): 0.59% ($0.4 mil)
    Quarterly return on equity: 0.66% ($0.4 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.29% ($751.2 mil)
    Quarterly Pretax return on assets: 0.28% ($725.3 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
  • 40Total employees (full-time equivalent)
  • $259,042Total assets
  • $28,302Cash and due from depository institutions
  • $27,192Interest-bearing balances
  • $8,145Securities
  • $5,000Federal funds sold & reverse repurchase agreements
  • $202,580Net loans & leases
  • $4,748Loan loss allowance
  • $0Trading account assets
  • $6,121Bank premises and fixed assets
  • $2,022Other real estate owned
  • $0Goodwill and other intangibles
  • $259,042Life insurance assets
  • $6,872All other assets
  • $194,928Total liabilities and capital
  • $193,447Total liabilities
  • $186,748Total deposits
  • $193,447Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,481Subordinated debt
  • $64,114All other liabilities
  • $64,114Total equity capital
  • $64,114Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $64,114Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,600Income earned, not collected on loans
  • $0Earning assets
  • $769Long-term assets (5+ years)
  • $242,917Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $262,553Volatile liabilities
  • $259,705Insider loans
  • $144,536FHLB advances
  • $259,042Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $64,114Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,115Restructured Loans and leases
  • $1,043Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,238Total interest income
  • $1,440Total interest expense
  • $9,798Net interest income
  • $2,110Provision for loan and lease losses
  • -$291Total noninterest income
  • $0Fiduciary activities
  • $91Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$382Additional noninterest income
  • $6,647Total noninterest expense
  • $3,655Salaries and employee benefits
  • $1,274Premises and equipment expense
  • $1,718Additional noninterest expense
  • $750Pre-tax net operating income
  • $0Securities gains (losses)
  • $375Applicable income taxes
  • $375Income before extraordinary items
  • $0Extraordinary gains - net
  • $375Net income attributable to bank
  • $0Net charge-offs
  • $375Cash dividends
  • $1,527Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.58%Yield on earning assets
  • 0.59%Cost of funding earning assets
  • 3.99%Net interest margin
  • -0.12%Noninterest income to earning assets
  • 2.71%Noninterest expense to earning assets
  • 0.14%Net operating income to assets
  • 0.14%Return on assets (ROA)
  • 0.29%Pretax return on assets
  • 0.59%Return on equity (ROE)
  • 0.59%Retained earnings to average equity (YTD only)
  • 0.72%Net charge-offs to loans
  • 138.18%Credit loss provision to net charge-offs
  • 1.87%Efficiency ratio
  • 69,917Assets per employee
  • 6.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.29%Loss allowance to noncurrent loans
  • 84.79%Noncurrent assets plus other real estate owned to assets
  • 2.94%Noncurrent loans to loans
  • 2.70%Net loans and leases to deposits
  • 104.72%Net loans and leases to core deposits
  • 107.50%Equity capital to assets
  • 24.75%Core capital (leverage) ratio
  • 24.75%Tier 1 risk-based capital ratio
  • 44.36%Total risk-based capital ratio
  • Memoranda
  • $46Average assets
  • $262,553Average earning assets
  • $63,922Average equity
  • $245,504Average loans

List of branches

  • 5 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042708Dearborn Federal Savings Bank22315 W Michigan Ave, Dearborn, MI 48124January 01, 1936Full Service Brick and Mortar
    127754022180 West Outer Drive Branch22180 West Outer Drive, Dearborn, MI 48124January 01, 1936Full Service Brick and Mortar
    22775414111 South Telegraph Branch4111 South Telegraph, Dearborn Heights, MI 48125January 01, 1936Full Service Brick and Mortar
    327754227115 West Warren Branch27115 West Warren, Dearborn Heights, MI 48127January 01, 1936Full Service Brick and Mortar
    10027754314615 Ford Rd Branch14615 Ford Road, Dearborn, MI 48126January 01, 1936Full Service Brick and Mortar

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