Fifth Third Bank in Grand Rapids, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 2009

  • Fifth Third Bank in Grand Rapids, Michigan (MI)
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Fifth Third Bank - Overview

  • General
  • FDIC Certificate #: 993
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fifth Third Bank (#6672)
    Federal Reserve ID: 913940
    Date Established: January 01, 1853
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 847 (Interstate: No)
    OTS Docket #: 13249
    FDIC's unique #: 655
    Numeric code: 13
    Regulator: FED
    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: January 01, 1934
    Last Structure Change Effective Date: September 30, 2009
    Last Structure Change Process Date: October 05, 2009
    Last Data Update: October 05, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: One Vandenberg Center, Grand Rapids, MI 49503
    County: Kent
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Grand Rapids
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Grand Rapids-Muskegon-Holland, MI (#3000)
    Combined Statistical Area (CSA): Grand Rapids-Muskegon-Holland, MI (#266)
    Core Based Statistical Area (CBSA): Grand Rapids-Wyoming, MI (#24340)
    CBSA Metro Statistical Area: Grand Rapids-Wyoming, MI (#24340)
  • Financial Summary
  • Total assets: $50,893.6 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, 2008)

  • Dollar figures in thousands
  • 7,364Total employees (full-time equivalent)
  • $54,116,388Total assets
  • $6,007,918Cash and due from depository institutions
  • $5,592,513Interest-bearing balances
  • $5,105,115Securities
  • $11,072Federal funds sold & reverse repurchase agreements
  • $36,623,796Net loans & leases
  • $1,431,249Loan loss allowance
  • $1,171,490Trading account assets
  • $1,408,897Bank premises and fixed assets
  • $80,972Other real estate owned
  • $1,178,197Goodwill and other intangibles
  • $924,691Life insurance assets
  • $2,528,931All other assets
  • $54,116,388Total liabilities and capital
  • $47,732,410Total liabilities
  • $39,964,858Total deposits
  • $32,584,633Interest-bearing deposits
  • $39,964,858Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,184,390Federal funds purchased & repurchase agreements
  • $829,508Trading liabilities
  • $526,619Other borrowed funds
  • $320,000Subordinated debt
  • $907,035All other liabilities
  • $6,383,978Total equity capital
  • $6,383,978Total bank equity capital
  • $6,383,978Perpetual preferred stock
  • $0Common stock
  • $16,379Surplus
  • $5,453,849Undivided profits
  • Memoranda
  • $913,750Noncurrent loans and leases
  • $24,446,974Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,988,801Earning assets
  • $22,499Long-term assets (5+ years)
  • $174,738Average Assets, year-to-date
  • $47,688,977Average Assets, quarterly
  • $9,059,462Volatile liabilities
  • $53,945,395Insider loans
  • $53,990,624FHLB advances
  • $10,549,493Loans and leases held for sale
  • $286,377Unused loan commitments
  • $473,442Tier 1 (core) risk-based capital
  • $22,288,740Tier 2 risk-based capital
  • $455,483Total risk weighted assets
  • $24,446,974Total unused commitments
  • $35,744Restructured Loans and leases
  • $970,095Derivatives
  • $1Total assets and liabilities in foreign offices

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $2,662,803Total interest income
  • $826,134Total interest expense
  • $1,836,669Net interest income
  • $2,857,850Provision for loan and lease losses
  • $643,751Total noninterest income
  • $79,197Fiduciary activities
  • $333,268Service charges on deposit accounts
  • $21,616Trading account gains & fees
  • $209,670Additional noninterest income
  • $1,997,416Total noninterest expense
  • $492,829Salaries and employee benefits
  • $217,919Premises and equipment expense
  • $1,286,668Additional noninterest expense
  • -$2,374,846Pre-tax net operating income
  • -$17,637Securities gains (losses)
  • -$702,748Applicable income taxes
  • -$1,689,735Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,689,735Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,949,112Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.56%Yield on earning assets
  • 1.73%Cost of funding earning assets
  • 3.84%Net interest margin
  • 1.34%Noninterest income to earning assets
  • 4.17%Noninterest expense to earning assets
  • -3.11%Net operating income to assets
  • -3.13%Return on assets (ROA)
  • -4.44%Pretax return on assets
  • -26.64%Return on equity (ROE)
  • -26.64%Retained earnings to average equity (YTD only)
  • 4.76%Net charge-offs to loans
  • 146.62%Credit loss provision to net charge-offs
  • 0.25%Efficiency ratio
  • 61,911Assets per employee
  • 7.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.76%Loss allowance to noncurrent loans
  • 71.97%Noncurrent assets plus other real estate owned to assets
  • 3.82%Noncurrent loans to loans
  • 5.23%Net loans and leases to deposits
  • 91.64%Net loans and leases to core deposits
  • 101.94%Equity capital to assets
  • 11.80%Core capital (leverage) ratio
  • 10.20%Tier 1 risk-based capital ratio
  • 10.80%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $53,945,395Average earning assets
  • $6,344,009Average equity
  • $47,888,287Average loans

Total Fiduciary and Related Assets (December 31, 2008)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $12,635,159Managed Assets
  • 1Number of Accounts
  • $9,269,782Personal trust and agency accounts
  • $3,032,387Employee benefit-defined contribution accounts
  • $247,064Employee benefit-defined benefit accounts
  • $520,608Other retirement accounts
  • $1,073,167Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $4,263,556Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $133,000Non-managed Assets
  • 13320Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $3,365,377Other retirement accounts
  • $662,065Corporate trust and agency accounts
  • $1,349,546Other fiduciary accounts
  • $959,019Fiduciary accounts held in foreign offices

Bank Assets Sold and Securitized (December 31, 2008)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $01-4 family residential loans
  • $273,345Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

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