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

This bank is inactive as of March 20, 1993

  • First of America Bank-Security in Monroe, Michigan (MI)
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First of America Bank-Security - Overview

  • General
  • FDIC Certificate #: 5034
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First of America Bank-Security (#14539)
    Federal Reserve ID: 205047
    Date Established: November 01, 1865
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 10 (Interstate: No)
    FDIC's unique #: 3360
    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 01, 1934
    Last Structure Change Effective Date: March 20, 1993
    Last Structure Change Process Date: April 05, 1993
    Last Data Update: April 05, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 28 East Front Street, Monroe, MI 48161
    County: Monroe
    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): Monroe, MI (#33780)
    CBSA Metro Statistical Area: Monroe, MI (#33780)
  • Financial Summary
  • Total assets: $272.3 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $142Total assets
  • $272,268Cash and due from depository institutions
  • $7,389Interest-bearing balances
  • $0Securities
  • $72,780Federal funds sold & reverse repurchase agreements
  • $408Net loans & leases
  • $185,199Loan loss allowance
  • $2,817Trading account assets
  • $0Bank premises and fixed assets
  • $2,779Other real estate owned
  • $167Goodwill and other intangibles
  • $3,546Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $272,268Total liabilities
  • $254,600Total deposits
  • $250,773Interest-bearing deposits
  • $227,198Deposits held in domestic offices
  • 250773.00%% insured (estimated)
  • $86Federal funds purchased & repurchase agreements
  • $1,369Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $2,458Total equity capital
  • $2,458Total bank equity capital
  • $17,668Perpetual preferred stock
  • $0Common stock
  • $2,650Surplus
  • $12,350Undivided profits
  • Memoranda
  • $2,668Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,751Income earned, not collected on loans
  • $1,446Earning assets
  • $258,387Long-term assets (5+ years)
  • $60,204Average Assets, year-to-date
  • $277,489Average Assets, quarterly
  • $269,485Volatile liabilities
  • $12,642Insider loans
  • $302FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $189,043Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $17,668Total risk weighted assets
  • $176,615Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $26,226Total interest expense
  • $10,545Net interest income
  • $15,681Provision for loan and lease losses
  • $2,180Total noninterest income
  • $2,356Fiduciary activities
  • $351Service charges on deposit accounts
  • $471Trading account gains & fees
  • $3Additional noninterest income
  • $1,531Total noninterest expense
  • $10,120Salaries and employee benefits
  • $4,338Premises and equipment expense
  • $1,009Additional noninterest expense
  • $4,773Pre-tax net operating income
  • $5,737Securities gains (losses)
  • $0Applicable income taxes
  • $1,746Income before extraordinary items
  • $3,991Extraordinary gains - net
  • -$259Net income attributable to bank
  • $3,732Net charge-offs
  • $1,909Cash dividends
  • $4,911Sale, 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
  • 9.91%Cost of funding earning assets
  • 3.98%Net interest margin
  • 5.92%Noninterest income to earning assets
  • 0.89%Noninterest expense to earning assets
  • 3.82%Net operating income to assets
  • 1.44%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 1.97%Return on equity (ROE)
  • 20.86%Retained earnings to average equity (YTD only)
  • -6.59%Net charge-offs to loans
  • 1.01%Credit loss provision to net charge-offs
  • 114.20%Efficiency ratio
  • 56,107Assets per employee
  • 1.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 131.59%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 160.88%Noncurrent assets plus other real estate owned to assets
  • 0.70%Noncurrent loans to loans
  • 0.93%Net loans and leases to deposits
  • 73.85%Net loans and leases to core deposits
  • 77.33%Equity capital to assets
  • 6.49%Core capital (leverage) ratio
  • 6.53%Tier 1 risk-based capital ratio
  • 10.00%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $277,489Average earning assets
  • $17,890Average equity
  • $264,704Average loans

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