Fidelity Bank in Dearborn, Michigan (MI)



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Fidelity Bank routing number info

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Fidelity Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)184
Total assets$842,509
Cash and due from depository institutions$128,233
Interest-bearing balances$120,089
Securities$32,058
Federal funds sold & reverse repurchase agreements$52
Net loans & leases$639,201
Loan loss allowance $26,528
Trading account assets$0
Bank premises and fixed assets$18,295
Other real estate owned$16,318
Goodwill and other intangibles$0
All other assets$8,352
Life insurance assets$842,509
Total liabilities and capital$803,044
Total liabilities$747,640
Total deposits$643,103
Interest-bearing deposits$747,640
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$53,668
Other borrowed funds $0
Subordinated debt $1,736
All other liabilities $39,465
Total equity capital$39,465
Total bank equity capital$39,465
Perpetual preferred stock$0
Common stock$4,400
Surplus$107,019
Undivided profits $-71,954
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,536
Income earned, not collected on loans $66,985
Earning assets $259
Long-term assets (5+ years) $2,744
Average Assets, year-to-date $791,400
Average Assets, quarterly $58,089
Volatile liabilities $873,062
Insider loans $844,134
FHLB advances $690,906
Loans and leases held for sale $849,067
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $39,585
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $56,564
Derivatives$624
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $41,448
Total interest expense $7,658
Net interest income $33,790
Provision for loan and lease losses $4,947
Total noninterest income $788
Fiduciary activities $0
Service charges on deposit accounts $1,304
Trading account gains & fees $0
Additional noninterest income -$516
Total noninterest expense $28,333
Salaries and employee benefits $12,084
Premises and equipment expense $2,766
Additional noninterest expense $13,483
Pre-tax net operating income $1,298
Securities gains (losses) $332
Applicable income taxes $0
Income before extraordinary items $1,630
Extraordinary gains - net $0
Net income attributable to bank $1,630
Net charge-offs $0
Cash dividends $1,630
Sale, conversion, retirement of capital stock, net $6,390
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.06%
Cost of funding earning assets 0.94%
Net interest margin 4.13%
Noninterest income to earning assets 0.10%
Noninterest expense to earning assets 3.46%
Net operating income to assets 0.15%
Return on assets (ROA) 0.19%
Pretax return on assets 0.19%
Return on equity (ROE) 4.28%
Retained earnings to average equity (YTD only) 4.28%
Net charge-offs to loans 0.91%
Credit loss provision to net charge-offs 77.42%
Efficiency ratio0.98%
Assets per employee$81,939
Cash dividends to net income (YTD only)4.58%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.98%
Noncurrent assets plus other real estate owned to assets 39.60%
Noncurrent loans to loans 9.89%
Net loans and leases to deposits10.06%
Net loans and leases to core deposits 85.50%
Equity capital to assets 89.42%
Core capital (leverage) ratio 4.68%
Tier 1 risk-based capital ratio 4.66%
Total risk-based capital ratio 5.73%
Memoranda
Average assets$7
Average earning assets$873,062
Average equity $38,049
Average loans $818,377
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