First of America Bank-Central in city_name, state_name - Detailed Financial Reports, Location

First of America Bank-Central in Lansing, Michigan (MI)
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First of America Bank-Central - Overview

General
FDIC Certificate #: 12911
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: National City Bank of the Midwest (#5029)
Federal Reserve ID: 453549
Date Established: Febuary 25, 1892
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 26 (Interstate: No)
FDIC's unique #: 8170
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 02, 1936
Last Structure Change Effective Date: December 31, 1994
Last Structure Change Process Date: Febuary 01, 1995
Last Data Update: Febuary 01, 1995
Data Source Date: April 05, 2012
Location
Address: 101 South Washington Avenue, Lansing, MI 48902
County: Ingham
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): Lansing-East Lansing, MI (#4040)
Combined Statistical Area (CSA): Lansing-East Lansing-Owosso, MI (#330)
Core Based Statistical Area (CBSA): Lansing-East Lansing, MI (#29620)
CBSA Metro Statistical Area: Lansing-East Lansing, MI (#29620)
Financial Summary
Total assets: $894.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$329Total assets
$800,612Cash and due from depository institutions
$50,374Interest-bearing balances
$0Securities
$115,013Federal funds sold & reverse repurchase agreements
$500Net loans & leases
$616,895Loan loss allowance
$7,467Trading account assets
$0Bank premises and fixed assets
$6,177Other real estate owned
$996Goodwill and other intangibles
$10,657Life insurance assets
$0All other assets
$0Total liabilities and capital
$800,612Total liabilities
$742,469Total deposits
$703,501Interest-bearing deposits
$575,086Deposits held in domestic offices
703501.00%% insured (estimated)
$81Federal funds purchased & repurchase agreements
$20,700Trading liabilities
$0Other borrowed funds
$13,158Subordinated debt
$0All other liabilities
$5,110Total equity capital
$5,110Total bank equity capital
$58,143Perpetual preferred stock
$0Common stock
$21,080Surplus
$28,920Undivided profits
Memoranda
$8,143Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4,098Income earned, not collected on loans
$2,977Earning assets
$732,408Long-term assets (5+ years)
$95,517Average Assets, year-to-date
$762,724Average Assets, quarterly
$788,630Volatile liabilities
$121,782Insider loans
$24,355FHLB advances
$0Loans and leases held for sale
$8,223Unused loan commitments
$496,171Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$56,758Total risk weighted assets
$614,165Total unused commitments
$0Restructured Loans and leases
$7,692Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$57,934Total interest expense
$20,205Net interest income
$37,729Provision for loan and lease losses
$2,250Total noninterest income
$16,689Fiduciary activities
$6,061Service charges on deposit accounts
$3,917Trading account gains & fees
$0Additional noninterest income
$6,711Total noninterest expense
$30,627Salaries and employee benefits
$9,041Premises and equipment expense
$2,223Additional noninterest expense
$19,363Pre-tax net operating income
$21,541Securities gains (losses)
$3Applicable income taxes
$6,987Income before extraordinary items
$14,557Extraordinary gains - net
$0Net income attributable to bank
$14,557Net charge-offs
$874Cash dividends
$9,300Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.36%Cost of funding earning assets
2.92%Net interest margin
5.45%Noninterest income to earning assets
2.41%Noninterest expense to earning assets
4.42%Net operating income to assets
1.91%Return on assets (ROA)
1.91%Pretax return on assets
2.82%Return on equity (ROE)
26.99%Retained earnings to average equity (YTD only)
9.75%Net charge-offs to loans
0.15%Credit loss provision to net charge-offs
257.44%Efficiency ratio
56,281Assets per employee
2.43%Cash dividends to net income (YTD only)
Condition Ratios (%)
63.89%Loss allowance to loans
1.20%Loss allowance to noncurrent loans
182.21%Noncurrent assets plus other real estate owned to assets
0.64%Noncurrent loans to loans
0.66%Net loans and leases to deposits
87.69%Net loans and leases to core deposits
100.30%Equity capital to assets
7.26%Core capital (leverage) ratio
7.25%Tier 1 risk-based capital ratio
9.24%Total risk-based capital ratio
Memoranda
$10Average assets
$762,724Average earning assets
$53,938Average equity
$692,673Average loans

First of America Bank-Central in Lansing, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

First of America Bank-Central - Overview

Assets and Liabilities (December 31, 1993)

Income and Expense (December 31, 1993)

Performance and Condition Ratios (December 31, 1993)

Comment about this bank, ask questions, or add new information about it:

First of America Bank-Central in Lansing, Michigan (MI)Overview, Financial Summary, Detailed Financial Reports, Branches

First of America Bank-Central - Overview

Assets and Liabilities (December 31, 1993)

Income and Expense (December 31, 1993)

Performance and Condition Ratios (December 31, 1993)

Comment about this bank, ask questions, or add new information about it:

First of America Bank-Central in Lansing, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches