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- Banks in Michigan (MI)
- Detroit Commerce Bank
Detroit Commerce Bank in Detroit, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of March 31, 2009
- Detroit Commerce Bank in Detroit, Michigan (MI)
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Detroit Commerce Bank - Overview
- General
- FDIC Certificate #: 34919
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Michigan Commerce Bank (#33134)
Federal Reserve ID: 2716613
Date Established: December 14, 1998
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 62036
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: December 14, 1998
Last Structure Change Effective Date: March 31, 2009
Last Structure Change Process Date: April 02, 2009
Last Data Update: April 02, 2009
Data Source Date: April 05, 2012 - Location
- Address: Penobscot Building, 645 Griswold Street, Suite 70, Detroit, MI 48226
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) - Financial Summary
- Total assets: $101.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
- Dollar figures in thousands
- 24Total employees (full-time equivalent)
- $101,044Total assets
- $1,534Cash and due from depository institutions
- $564Interest-bearing balances
- $622Securities
- $0Federal funds sold & reverse repurchase agreements
- $92,590Net loans & leases
- $2,476Loan loss allowance
- $0Trading account assets
- $197Bank premises and fixed assets
- $3,468Other real estate owned
- $212Goodwill and other intangibles
- $0Life insurance assets
- $2,421All other assets
- $101,044Total liabilities and capital
- $92,539Total liabilities
- $87,544Total deposits
- $72,942Interest-bearing deposits
- $87,544Deposits held in domestic offices
- 0.00%% insured (estimated)
- $0Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $4,600Other borrowed funds
- $0Subordinated debt
- $395All other liabilities
- $8,505Total equity capital
- $8,505Total bank equity capital
- $8,505Perpetual preferred stock
- $0Common stock
- $2,077Surplus
- $8,011Undivided profits
- Memoranda
- $-1,583Noncurrent loans and leases
- $15,214Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $4,965Earning assets
- $411Long-term assets (5+ years)
- $452Average Assets, year-to-date
- $93,776Average Assets, quarterly
- $1,399Volatile liabilities
- $106,278Insider loans
- $101,890FHLB advances
- $26,293Loans and leases held for sale
- $2,352Unused loan commitments
- $4,600Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $0Total risk weighted assets
- $15,214Total unused commitments
- $0Restructured Loans and leases
- $1,176Derivatives
Income and Expense (December 31, 2008)
- Dollar figures in thousands
- $6,858Total interest income
- $3,023Total interest expense
- $3,835Net interest income
- $3,077Provision for loan and lease losses
- $183Total noninterest income
- $0Fiduciary activities
- $69Service charges on deposit accounts
- $0Trading account gains & fees
- $114Additional noninterest income
- $3,411Total noninterest expense
- $1,697Salaries and employee benefits
- $443Premises and equipment expense
- $1,271Additional noninterest expense
- -$2,470Pre-tax net operating income
- $0Securities gains (losses)
- -$823Applicable income taxes
- -$1,647Income before extraordinary items
- $0Extraordinary gains - net
- -$1,647Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $1,955Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 2008)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 6.87%Yield on earning assets
- 3.03%Cost of funding earning assets
- 3.84%Net interest margin
- 0.18%Noninterest income to earning assets
- 3.42%Noninterest expense to earning assets
- -1.55%Net operating income to assets
- -1.55%Return on assets (ROA)
- -2.32%Pretax return on assets
- -18.59%Return on equity (ROE)
- -18.59%Retained earnings to average equity (YTD only)
- 1.95%Net charge-offs to loans
- 157.39%Credit loss provision to net charge-offs
- 0.31%Efficiency ratio
- 84,893Assets per employee
- 4.21%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 0.00%Loss allowance to loans
- 2.60%Loss allowance to noncurrent loans
- 49.87%Noncurrent assets plus other real estate owned to assets
- 8.35%Noncurrent loans to loans
- 5.22%Net loans and leases to deposits
- 105.76%Net loans and leases to core deposits
- 151.16%Equity capital to assets
- 8.42%Core capital (leverage) ratio
- 7.98%Tier 1 risk-based capital ratio
- 8.75%Total risk-based capital ratio
- Memoranda
- $10Average assets
- $106,278Average earning assets
- $8,860Average equity
- $99,772Average loans
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- Banks in Michigan (MI)
- Detroit Commerce Bank
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