First of America Bank-Upper Peninsula, National Association in Marquette, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1994

  • First of America Bank-Upper Peninsula, National Association in Marquette, Michigan (MI)
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First of America Bank-Upper Peninsula, National Association - Overview

  • General
  • FDIC Certificate #: 5068
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: National City Bank of the Midwest (#5029)
    Federal Reserve ID: 353452
    Date Established: October 07, 1921
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 20 (Interstate: No)
    FDIC's unique #: 3384
    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: 100 North Front Street, Marquette, MI 49855
    County: Marquette
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Appleton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Marquette, MI (#32100)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $383.0 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)
  • $196Total assets
  • $382,031Cash and due from depository institutions
  • $12,899Interest-bearing balances
  • $0Securities
  • $112,098Federal funds sold & reverse repurchase agreements
  • $393Net loans & leases
  • $242,948Loan loss allowance
  • $2,689Trading account assets
  • $0Bank premises and fixed assets
  • $7,772Other real estate owned
  • $637Goodwill and other intangibles
  • $4,771Life insurance assets
  • $513All other assets
  • $0Total liabilities and capital
  • $382,031Total liabilities
  • $356,344Total deposits
  • $317,341Interest-bearing deposits
  • $277,831Deposits held in domestic offices
  • 317341.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $29,990Trading liabilities
  • $0Other borrowed funds
  • $5,935Subordinated debt
  • $0All other liabilities
  • $3,078Total equity capital
  • $3,078Total bank equity capital
  • $25,687Perpetual preferred stock
  • $0Common stock
  • $5,813Surplus
  • $14,190Undivided profits
  • Memoranda
  • $5,684Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,482Income earned, not collected on loans
  • $1,208Earning assets
  • $355,439Long-term assets (5+ years)
  • $92,485Average Assets, year-to-date
  • $355,453Average Assets, quarterly
  • $366,652Volatile liabilities
  • $49,152Insider loans
  • $5,653FHLB advances
  • $0Loans and leases held for sale
  • $9,518Unused loan commitments
  • $64,969Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $24,820Total risk weighted assets
  • $225,111Total unused commitments
  • $0Restructured Loans and leases
  • $7,224Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $25,815Total interest expense
  • $10,208Net interest income
  • $15,607Provision for loan and lease losses
  • $250Total noninterest income
  • $4,092Fiduciary activities
  • $1,457Service charges on deposit accounts
  • $1,108Trading account gains & fees
  • $0Additional noninterest income
  • $1,527Total noninterest expense
  • $13,868Salaries and employee benefits
  • $4,957Premises and equipment expense
  • $1,296Additional noninterest expense
  • $7,615Pre-tax net operating income
  • $5,581Securities gains (losses)
  • $796Applicable income taxes
  • $2,024Income before extraordinary items
  • $4,353Extraordinary gains - net
  • $0Net income attributable to bank
  • $4,353Net charge-offs
  • $44Cash dividends
  • $2,100Sale, 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
  • 7.83%Cost of funding earning assets
  • 3.09%Net interest margin
  • 4.73%Noninterest income to earning assets
  • 1.24%Noninterest expense to earning assets
  • 4.20%Net operating income to assets
  • 1.07%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 1.79%Return on equity (ROE)
  • 18.21%Retained earnings to average equity (YTD only)
  • 9.43%Net charge-offs to loans
  • 0.02%Credit loss provision to net charge-offs
  • 568.18%Efficiency ratio
  • 70,064Assets per employee
  • 1.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.24%Loss allowance to loans
  • 1.09%Loss allowance to noncurrent loans
  • 181.44%Noncurrent assets plus other real estate owned to assets
  • 0.55%Noncurrent loans to loans
  • 0.60%Net loans and leases to deposits
  • 76.56%Net loans and leases to core deposits
  • 79.89%Equity capital to assets
  • 6.72%Core capital (leverage) ratio
  • 6.93%Tier 1 risk-based capital ratio
  • 11.03%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $355,453Average earning assets
  • $23,903Average equity
  • $329,871Average loans

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