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)
  • Show street view No street view available for this location

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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