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)
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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

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