First Federal Savings and Loan Association in Pontiac, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 27, 1993

  • First Federal Savings and Loan Association in Pontiac, Michigan (MI)
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First Federal Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 33515
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: TCF NATIONAL BANK (#33830)
    Federal Reserve ID: 74373
    Date Established: October 16, 1991
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 9472
    FDIC's unique #: 47287
    Numeric code: 38
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: October 16, 1991
    Last Structure Change Effective Date: August 27, 1993
    Last Structure Change Process Date: September 10, 1993
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 761 West Huron Street, Pontiac, MI 48053
    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)
  • History of Changes
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
    Office Sold
  • Financial Summary
  • Total assets: $291.6 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $199Total assets
  • $361,126Cash and due from depository institutions
  • $95,404Interest-bearing balances
  • $87,105Securities
  • $95,800Federal funds sold & reverse repurchase agreements
  • $1,000Net loans & leases
  • $109,711Loan loss allowance
  • $26,279Trading account assets
  • $0Bank premises and fixed assets
  • $5,888Other real estate owned
  • $9,268Goodwill and other intangibles
  • $44,055Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $361,126Total liabilities
  • $375,584Total deposits
  • $319,436Interest-bearing deposits
  • $311,669Deposits held in domestic offices
  • 319436.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $47,029Subordinated debt
  • $0All other liabilities
  • $9,119Total equity capital
  • $9,119Total bank equity capital
  • $-14,458Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-14,458Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $44,626Income earned, not collected on loans
  • $786Earning assets
  • $293,616Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $607,909Average Assets, quarterly
  • $435,465Volatile liabilities
  • $53,635Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $429Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-14,458Total risk weighted assets
  • $240,132Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $43,533Total interest expense
  • $33,163Net interest income
  • $10,370Provision for loan and lease losses
  • $1,211Total noninterest income
  • $19,008Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $19,008Total noninterest expense
  • $29,090Salaries and employee benefits
  • $7,157Premises and equipment expense
  • $4,069Additional noninterest expense
  • $17,864Pre-tax net operating income
  • -$923Securities gains (losses)
  • $4,091Applicable income taxes
  • -$40Income before extraordinary items
  • $3,208Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,208Net charge-offs
  • -$2,718Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.94%Cost of funding earning assets
  • 6.04%Net interest margin
  • 1.89%Noninterest income to earning assets
  • 3.46%Noninterest expense to earning assets
  • 5.30%Net operating income to assets
  • -0.15%Return on assets (ROA)
  • 0.53%Pretax return on assets
  • 0.52%Return on equity (ROE)
  • -24.77%Retained earnings to average equity (YTD only)
  • -24.77%Net charge-offs to loans
  • -0.70%Credit loss provision to net charge-offs
  • -44.55%Efficiency ratio
  • 97,971Assets per employee
  • 1.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 19.32%Loss allowance to noncurrent loans
  • 58.89%Noncurrent assets plus other real estate owned to assets
  • 14.92%Noncurrent loans to loans
  • 32.82%Net loans and leases to deposits
  • 34.35%Net loans and leases to core deposits
  • 35.07%Equity capital to assets
  • -4.00%Core capital (leverage) ratio
  • -4.00%Tier 1 risk-based capital ratio
  • -6.02%Total risk-based capital ratio
  • Memoranda
  • -$6Average assets
  • $607,909Average earning assets
  • -$12,954Average equity
  • $548,620Average loans

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