Detroit Savings Bank, FSB in Detroit, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 27, 1994

  • Detroit Savings Bank, FSB in Detroit, Michigan (MI)
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Detroit Savings Bank, FSB - Overview

  • General
  • FDIC Certificate #: 29984
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Standard Federal Bank (#27714)
    Federal Reserve ID: 912176
    Date Established: January 01, 1937
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4482
    FDIC's unique #: 42818
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: March 30, 1938
    Last Structure Change Effective Date: August 27, 1994
    Last Structure Change Process Date: November 14, 1994
    Last Data Update: November 14, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 511 Woodward Avenue, 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: $205.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $97Total assets
  • $221,102Cash and due from depository institutions
  • $3,223Interest-bearing balances
  • $1,728Securities
  • $16,669Federal funds sold & reverse repurchase agreements
  • $6,200Net loans & leases
  • $184,940Loan loss allowance
  • $1,646Trading account assets
  • $0Bank premises and fixed assets
  • $2,955Other real estate owned
  • $79Goodwill and other intangibles
  • $7,036Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $221,102Total liabilities
  • $208,891Total deposits
  • $139,287Interest-bearing deposits
  • $139,287Deposits held in domestic offices
  • 139287.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $6,355Trading liabilities
  • $0Other borrowed funds
  • $61,088Subordinated debt
  • $0All other liabilities
  • $2,161Total equity capital
  • $2,161Total bank equity capital
  • $12,211Perpetual preferred stock
  • $0Common stock
  • $90Surplus
  • $3,974Undivided profits
  • Memoranda
  • $8,147Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $643Income earned, not collected on loans
  • $1,176Earning assets
  • $209,537Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $218,662Average Assets, quarterly
  • $221,941Volatile liabilities
  • $81,048Insider loans
  • $797FHLB advances
  • $61,088Loans and leases held for sale
  • $0Unused loan commitments
  • $27,998Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $12,211Total risk weighted assets
  • $113,611Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $14,327Total interest expense
  • $7,524Net interest income
  • $6,803Provision for loan and lease losses
  • $44Total noninterest income
  • $2,005Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $2,005Total noninterest expense
  • $6,784Salaries and employee benefits
  • $3,685Premises and equipment expense
  • $1,420Additional noninterest expense
  • $1,679Pre-tax net operating income
  • $1,980Securities gains (losses)
  • $1,594Applicable income taxes
  • $1,215Income before extraordinary items
  • $2,359Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,359Net charge-offs
  • -$65Cash dividends
  • $761Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.97%Cost of funding earning assets
  • 3.66%Net interest margin
  • 3.31%Noninterest income to earning assets
  • 0.98%Noninterest expense to earning assets
  • 3.30%Net operating income to assets
  • 0.60%Return on assets (ROA)
  • 1.08%Pretax return on assets
  • 1.63%Return on equity (ROE)
  • 20.74%Retained earnings to average equity (YTD only)
  • 14.05%Net charge-offs to loans
  • -0.04%Credit loss provision to net charge-offs
  • -67.69%Efficiency ratio
  • 77,021Assets per employee
  • 2.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.26%Loss allowance to loans
  • 0.88%Loss allowance to noncurrent loans
  • 255.99%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.34%Net loans and leases to deposits
  • 132.78%Net loans and leases to core deposits
  • 147.15%Equity capital to assets
  • 5.52%Core capital (leverage) ratio
  • 5.52%Tier 1 risk-based capital ratio
  • 10.75%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $218,662Average earning assets
  • $11,376Average equity
  • $205,574Average loans

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