Fidelity Bank in Birmingham, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 04, 2007

  • Fidelity Bank in Birmingham, Michigan (MI)
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Fidelity Bank - Overview

  • General
  • FDIC Certificate #: 20367
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fidelity Bank (#33883)
    Federal Reserve ID: 874041
    Date Established: Febuary 16, 1971
    WWW: http://www.fbebank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    FDIC's unique #: 14030
    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: Febuary 16, 1971
    Last Structure Change Effective Date: January 04, 2007
    Last Structure Change Process Date: Febuary 20, 2007
    Last Data Update: Febuary 20, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1040 East Maple Road, Birmingham, MI 48012
    County: Oakland
    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: Warren-Troy-Farmington Hills, MI (#47644)
  • Financial Summary
  • Total assets: $218.0 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, 2006)

  • Dollar figures in thousands
  • 67Total employees (full-time equivalent)
  • $218,041Total assets
  • $6,229Cash and due from depository institutions
  • $0Interest-bearing balances
  • $20,933Securities
  • $7,862Federal funds sold & reverse repurchase agreements
  • $175,481Net loans & leases
  • $1,704Loan loss allowance
  • $0Trading account assets
  • $4,712Bank premises and fixed assets
  • $580Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,244All other assets
  • $218,041Total liabilities and capital
  • $192,320Total liabilities
  • $189,372Total deposits
  • $168,828Interest-bearing deposits
  • $189,372Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,767Other borrowed funds
  • $0Subordinated debt
  • $1,181All other liabilities
  • $25,721Total equity capital
  • $25,721Total bank equity capital
  • $25,721Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $9,500Undivided profits
  • Memoranda
  • $13,721Noncurrent loans and leases
  • $29,926Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $380Earning assets
  • $0Long-term assets (5+ years)
  • $1,234Average Assets, year-to-date
  • $204,276Average Assets, quarterly
  • $4,233Volatile liabilities
  • $236,794Insider loans
  • $226,360FHLB advances
  • $22,056Loans and leases held for sale
  • $4,967Unused loan commitments
  • $1,767Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $29,926Total unused commitments
  • $0Restructured Loans and leases
  • $1,704Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $15,911Total interest income
  • $4,839Total interest expense
  • $11,072Net interest income
  • $400Provision for loan and lease losses
  • $1,128Total noninterest income
  • $0Fiduciary activities
  • $685Service charges on deposit accounts
  • $0Trading account gains & fees
  • $443Additional noninterest income
  • $7,540Total noninterest expense
  • $4,578Salaries and employee benefits
  • $1,293Premises and equipment expense
  • $1,669Additional noninterest expense
  • $4,260Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $4,260Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,260Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $496Sale, conversion, retirement of capital stock, net
  • $3,475Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.27%Yield on earning assets
  • 2.21%Cost of funding earning assets
  • 5.06%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • 1.80%Net operating income to assets
  • 1.80%Return on assets (ROA)
  • 1.80%Pretax return on assets
  • 16.94%Return on equity (ROE)
  • 3.12%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 80.65%Credit loss provision to net charge-offs
  • 9.40%Efficiency ratio
  • 60,311Assets per employee
  • 3.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 81.57%Loss allowance to loans
  • 0.96%Loss allowance to noncurrent loans
  • 448.42%Noncurrent assets plus other real estate owned to assets
  • 0.44%Noncurrent loans to loans
  • 0.21%Net loans and leases to deposits
  • 92.66%Net loans and leases to core deposits
  • 104.63%Equity capital to assets
  • 11.80%Core capital (leverage) ratio
  • 11.49%Tier 1 risk-based capital ratio
  • 13.55%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $236,794Average earning assets
  • $25,142Average equity
  • $218,727Average loans

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