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- Banks in Michigan (MI)
- Fidelity Bank
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
WWW: http://www.fidbank.com
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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- Banks in Michigan (MI)
- Fidelity Bank
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