First of America Bank - Mid Michigan, National Association in Bay City, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1994

  • First of America Bank - Mid Michigan, National Association in Bay City, Michigan (MI)
  • Show street view No street view available for this location

First of America Bank - Mid Michigan, National Association - Overview

  • General
  • FDIC Certificate #: 975
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: National City Bank of the Midwest (#5029)
    Federal Reserve ID: 54544
    Date Established: January 01, 1867
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 50 (Interstate: No)
    FDIC's unique #: 641
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    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: 300 Center Avenue, Bay City, MI 48706
    County: Bay
    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): Saginaw-Bay City-Midland, MI (#6960)
    Combined Statistical Area (CSA): Saginaw-Bay City-Saginaw Township North, MI (#474)
    Core Based Statistical Area (CBSA): Bay City, MI (#13020)
    CBSA Metro Statistical Area: Bay City, MI (#13020)
  • Financial Summary
  • Total assets: $1,394.0 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)
  • $570Total assets
  • $1,312,628Cash and due from depository institutions
  • $51,412Interest-bearing balances
  • $0Securities
  • $312,592Federal funds sold & reverse repurchase agreements
  • $505Net loans & leases
  • $905,323Loan loss allowance
  • $10,738Trading account assets
  • $0Bank premises and fixed assets
  • $20,439Other real estate owned
  • $3,711Goodwill and other intangibles
  • $13,966Life insurance assets
  • $4,680All other assets
  • $0Total liabilities and capital
  • $1,312,628Total liabilities
  • $1,219,848Total deposits
  • $1,195,483Interest-bearing deposits
  • $1,063,492Deposits held in domestic offices
  • 1195483.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $5,180Trading liabilities
  • $0Other borrowed funds
  • $9,822Subordinated debt
  • $0All other liabilities
  • $9,363Total equity capital
  • $9,363Total bank equity capital
  • $92,780Perpetual preferred stock
  • $0Common stock
  • $18,848Surplus
  • $50,798Undivided profits
  • Memoranda
  • $23,134Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,238Income earned, not collected on loans
  • $4,535Earning assets
  • $1,218,420Long-term assets (5+ years)
  • $198,902Average Assets, year-to-date
  • $1,303,923Average Assets, quarterly
  • $1,318,187Volatile liabilities
  • $90,594Insider loans
  • $50,698FHLB advances
  • $0Loans and leases held for sale
  • $1,173Unused loan commitments
  • $265,639Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $85,094Total risk weighted assets
  • $874,940Total unused commitments
  • $0Restructured Loans and leases
  • $1,105Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $96,325Total interest expense
  • $35,913Net interest income
  • $60,412Provision for loan and lease losses
  • $466Total noninterest income
  • $14,837Fiduciary activities
  • $4,482Service charges on deposit accounts
  • $5,272Trading account gains & fees
  • $0Additional noninterest income
  • $5,083Total noninterest expense
  • $48,129Salaries and employee benefits
  • $14,870Premises and equipment expense
  • $4,398Additional noninterest expense
  • $28,861Pre-tax net operating income
  • $26,654Securities gains (losses)
  • $320Applicable income taxes
  • $8,815Income before extraordinary items
  • $18,159Extraordinary gains - net
  • $0Net income attributable to bank
  • $18,159Net charge-offs
  • $304Cash dividends
  • $15,700Sale, 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
  • 7.95%Cost of funding earning assets
  • 2.96%Net interest margin
  • 4.98%Noninterest income to earning assets
  • 1.22%Noninterest expense to earning assets
  • 3.97%Net operating income to assets
  • 1.38%Return on assets (ROA)
  • 1.39%Pretax return on assets
  • 2.07%Return on equity (ROE)
  • 20.26%Retained earnings to average equity (YTD only)
  • 2.74%Net charge-offs to loans
  • 0.03%Credit loss provision to net charge-offs
  • 153.29%Efficiency ratio
  • 62,966Assets per employee
  • 2.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 86.46%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 172.14%Noncurrent assets plus other real estate owned to assets
  • 0.76%Noncurrent loans to loans
  • 0.68%Net loans and leases to deposits
  • 75.73%Net loans and leases to core deposits
  • 80.84%Equity capital to assets
  • 7.07%Core capital (leverage) ratio
  • 6.51%Tier 1 risk-based capital ratio
  • 9.73%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $1,303,923Average earning assets
  • $89,626Average equity
  • $1,212,028Average loans

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

Could not connect to database: Access denied for user 'buser'@'10.36.238.66' (using password: YES)
CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First of America Bank - Mid Michigan, National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents