Deposit Insurance National Bank of New Baltimore - Overview
General
FDIC Certificate #: 59022 Status: Inactive Federal Reserve ID: 4031208 Date Established: December 18, 2009 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 8 (Interstate: No) FDIC's unique #: 499538 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: December 18, 2009 Last Structure Change Effective Date: Febuary 19, 2010 Last Structure Change Process Date: March 26, 2010 Last Data Update: March 26, 2010 Data Source Date: April 05, 2012
Location
Address: 51066 Washington Street, New Baltimore, MI 48047 County: Macomb Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Chicago 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
Other Liquidations and Closings
Change in Insurance Status
Financial Summary
Total assets: $163.9 mil
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
65Total employees (full-time equivalent)
$163,907Total assets
$7,110Cash and due from depository institutions
$50Interest-bearing balances
$11,403Securities
$0Federal funds sold & reverse repurchase agreements
$122,017Net loans & leases
$5,460Loan loss allowance
$0Trading account assets
$5,726Bank premises and fixed assets
$12,221Other real estate owned
$14Goodwill and other intangibles
$2,974Life insurance assets
$5,416All other assets
$163,907Total liabilities and capital
$162,406Total liabilities
$38,309Total deposits
$8,835Interest-bearing deposits
$38,309Deposits held in domestic offices
81.02%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$527Other borrowed funds
$0Subordinated debt
$123,570All other liabilities
$1,501Total equity capital
$1,501Total bank equity capital
$1,501Perpetual preferred stock
$0Common stock
$360Surplus
$14,636Undivided profits
Memoranda
$-13,495Noncurrent loans and leases
$3,021Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$9,652Earning assets
$0Long-term assets (5+ years)
$547Average Assets, year-to-date
$133,470Average Assets, quarterly
$17,331Volatile liabilities
$163,907Insider loans
$163,907FHLB advances
$0Loans and leases held for sale
$1,963Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,021Total unused commitments
$4,211Restructured Loans and leases
$1,839Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$8,199Total interest income
$3,081Total interest expense
$5,118Net interest income
$7,654Provision for loan and lease losses
-$1,312Total noninterest income
$0Fiduciary activities
$584Service charges on deposit accounts
$0Trading account gains & fees
-$1,896Additional noninterest income
$7,660Total noninterest expense
$3,133Salaries and employee benefits
$878Premises and equipment expense
$3,649Additional noninterest expense
-$11,508Pre-tax net operating income
$178Securities gains (losses)
$0Applicable income taxes
-$11,330Income before extraordinary items
$0Extraordinary gains - net
-$11,330Net income attributable to bank
$0Net charge-offs
-$11,330Cash dividends
$5,899Sale, conversion, retirement of capital stock, net
$150Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.14%Yield on earning assets
2.31%Cost of funding earning assets
3.83%Net interest margin
-0.98%Noninterest income to earning assets
5.74%Noninterest expense to earning assets
-7.02%Net operating income to assets
-6.91%Return on assets (ROA)
-6.91%Pretax return on assets
-754.83%Return on equity (ROE)
-764.82%Retained earnings to average equity (YTD only)
4.63%Net charge-offs to loans
129.75%Credit loss provision to net charge-offs
-0.65%Efficiency ratio
201,261Assets per employee
2.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
-1.32%Loss allowance to loans
4.28%Loss allowance to noncurrent loans
56.57%Noncurrent assets plus other real estate owned to assets
13.34%Noncurrent loans to loans
7.57%Net loans and leases to deposits
318.51%Net loans and leases to core deposits
318.51%Equity capital to assets
0.92%Core capital (leverage) ratio
1.24%Tier 1 risk-based capital ratio
1.41%Total risk-based capital ratio
Memoranda
$3Average assets
$163,907Average earning assets
$1,501Average equity
$133,470Average loans
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