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

This bank is inactive as of March 30, 2012

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

  • General
  • FDIC Certificate #: 33883
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: The Huntington National Bank (#6560)
    Federal Reserve ID: 2171100
    Bank Holding Company (Regulatory Top Holder): Dearborn Bancorp, Inc. (RSSDID: 2193906, Location: Dearborn, MI)
    Date Established: Febuary 28, 1994
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 15 (Domestic: 15, Interstate: No)
    FDIC's unique #: 48191
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 28, 1994
    Last Structure Change Effective Date: March 30, 2012
    Last Structure Change Process Date: April 02, 2012
    Last Data Update: April 02, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 22290 Michigan Avenue, Dearborn, MI 48124
    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: $842.5 mil
    Equity capital: $39.5 mil
    Deposits held in domestic offices: $747.6 mil
    Return on assets (ROA): 0.19% ($1.6 mil)
    Quarterly return on assets: 0.04% ($0.3 mil)
    Return on Equity (ROE): 4.28% ($1.7 mil)
    Quarterly return on equity: 0.89% ($0.3 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.19% ($1,600.8 mil)
    Quarterly Pretax return on assets: 0.04% ($337.0 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, 2011)

  • Dollar figures in thousands
  • 184Total employees (full-time equivalent)
  • $842,509Total assets
  • $128,233Cash and due from depository institutions
  • $120,089Interest-bearing balances
  • $32,058Securities
  • $52Federal funds sold & reverse repurchase agreements
  • $639,201Net loans & leases
  • $26,528Loan loss allowance
  • $0Trading account assets
  • $18,295Bank premises and fixed assets
  • $16,318Other real estate owned
  • $0Goodwill and other intangibles
  • $842,509Life insurance assets
  • $8,352All other assets
  • $803,044Total liabilities and capital
  • $747,640Total liabilities
  • $643,103Total deposits
  • $747,640Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $53,668Trading liabilities
  • $0Other borrowed funds
  • $1,736Subordinated debt
  • $39,465All other liabilities
  • $39,465Total equity capital
  • $39,465Total bank equity capital
  • $0Perpetual preferred stock
  • $4,400Common stock
  • $107,019Surplus
  • $-71,954Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,536Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $66,985Income earned, not collected on loans
  • $259Earning assets
  • $2,744Long-term assets (5+ years)
  • $791,400Average Assets, year-to-date
  • $58,089Average Assets, quarterly
  • $873,062Volatile liabilities
  • $844,134Insider loans
  • $690,906FHLB advances
  • $849,067Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $39,585Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $56,564Restructured Loans and leases
  • $624Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $41,448Total interest income
  • $7,658Total interest expense
  • $33,790Net interest income
  • $4,947Provision for loan and lease losses
  • $788Total noninterest income
  • $0Fiduciary activities
  • $1,304Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$516Additional noninterest income
  • $28,333Total noninterest expense
  • $12,084Salaries and employee benefits
  • $2,766Premises and equipment expense
  • $13,483Additional noninterest expense
  • $1,298Pre-tax net operating income
  • $332Securities gains (losses)
  • $0Applicable income taxes
  • $1,630Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,630Net income attributable to bank
  • $0Net charge-offs
  • $1,630Cash dividends
  • $6,390Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 4.13%Net interest margin
  • 0.10%Noninterest income to earning assets
  • 3.46%Noninterest expense to earning assets
  • 0.15%Net operating income to assets
  • 0.19%Return on assets (ROA)
  • 0.19%Pretax return on assets
  • 4.28%Return on equity (ROE)
  • 4.28%Retained earnings to average equity (YTD only)
  • 0.91%Net charge-offs to loans
  • 77.42%Credit loss provision to net charge-offs
  • 0.98%Efficiency ratio
  • 81,939Assets per employee
  • 4.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.98%Loss allowance to noncurrent loans
  • 39.60%Noncurrent assets plus other real estate owned to assets
  • 9.89%Noncurrent loans to loans
  • 10.06%Net loans and leases to deposits
  • 85.50%Net loans and leases to core deposits
  • 89.42%Equity capital to assets
  • 4.68%Core capital (leverage) ratio
  • 4.66%Tier 1 risk-based capital ratio
  • 5.73%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $873,062Average earning assets
  • $38,049Average equity
  • $818,377Average loans

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