Great Lakes Bancorp, A FSB in Ann Arbor, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 08, 1995

  • Great Lakes Bancorp, A FSB in Ann Arbor, Michigan (MI)
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Great Lakes Bancorp, A FSB - Overview

  • General
  • FDIC Certificate #: 27952
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: TCF NATIONAL BANK (#33830)
    Federal Reserve ID: 535379
    Date Established: January 01, 1890
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 610
    FDIC's unique #: 40786
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: March 09, 1939
    Last Structure Change Effective Date: Febuary 08, 1995
    Last Structure Change Process Date: April 18, 1995
    Last Data Update: March 28, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 401 East Liberty Street, Ann Arbor, MI 48104
    County: Washtenaw
    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): Ann Arbor, MI (#440)
    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): Ann Arbor, MI (#11460)
    CBSA Metro Statistical Area: Ann Arbor, MI (#11460)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $2,776.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $943Total assets
  • $2,776,200Cash and due from depository institutions
  • $56,631Interest-bearing balances
  • $3,052Securities
  • $559,233Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $2,000,713Loan loss allowance
  • $23,798Trading account assets
  • $0Bank premises and fixed assets
  • $50,927Other real estate owned
  • $9,935Goodwill and other intangibles
  • $98,592Life insurance assets
  • $169All other assets
  • $0Total liabilities and capital
  • $2,776,200Total liabilities
  • $2,627,922Total deposits
  • $1,577,098Interest-bearing deposits
  • $1,519,612Deposits held in domestic offices
  • 1577098.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $259,326Trading liabilities
  • $0Other borrowed funds
  • $742,836Subordinated debt
  • $16,176All other liabilities
  • $32,486Total equity capital
  • $32,486Total bank equity capital
  • $148,278Perpetual preferred stock
  • $25,019Common stock
  • $65Surplus
  • $72,595Undivided profits
  • Memoranda
  • $50,599Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,966Income earned, not collected on loans
  • $9,026Earning assets
  • $2,562,998Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $2,720,341Average Assets, quarterly
  • $2,786,088Volatile liabilities
  • $1,193,060Insider loans
  • $3,103FHLB advances
  • $703,270Loans and leases held for sale
  • $0Unused loan commitments
  • $148,984Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $148,482Total risk weighted assets
  • $1,639,142Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $192,382Total interest expense
  • $113,169Net interest income
  • $79,213Provision for loan and lease losses
  • $1,050Total noninterest income
  • $10,913Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$27Additional noninterest income
  • $10,940Total noninterest expense
  • $69,278Salaries and employee benefits
  • $30,580Premises and equipment expense
  • $13,567Additional noninterest expense
  • $25,131Pre-tax net operating income
  • $19,798Securities gains (losses)
  • -$1,168Applicable income taxes
  • $5,810Income before extraordinary items
  • $12,820Extraordinary gains - net
  • $0Net income attributable to bank
  • $12,820Net charge-offs
  • $1,777Cash dividends
  • $2,710Sale, conversion, retirement of capital stock, net
  • $9,650Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.62%Cost of funding earning assets
  • 4.48%Net interest margin
  • 3.14%Noninterest income to earning assets
  • 0.43%Noninterest expense to earning assets
  • 2.75%Net operating income to assets
  • 0.50%Return on assets (ROA)
  • 0.47%Pretax return on assets
  • 0.68%Return on equity (ROE)
  • 9.12%Retained earnings to average equity (YTD only)
  • 7.19%Net charge-offs to loans
  • 0.09%Credit loss provision to net charge-offs
  • 59.09%Efficiency ratio
  • 76,841Assets per employee
  • 2.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 21.14%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 217.02%Noncurrent assets plus other real estate owned to assets
  • 0.75%Noncurrent loans to loans
  • 0.54%Net loans and leases to deposits
  • 126.86%Net loans and leases to core deposits
  • 144.33%Equity capital to assets
  • 5.34%Core capital (leverage) ratio
  • 5.35%Tier 1 risk-based capital ratio
  • 9.06%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $2,720,341Average earning assets
  • $140,528Average equity
  • $2,523,284Average loans

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