FDIC Certificate #: 30329 Status: Inactive Closing history: Corrections Acquiring institution:Liberty Bank and Trust Company (#20856) Federal Reserve ID: 117373 Date Established: November 01, 1947 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 5171 FDIC's unique #: 43163 Numeric code: 34 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: December 03, 1947 Last Structure Change Effective Date: November 06, 2009 Last Structure Change Process Date: November 09, 2009 Last Data Update: November 09, 2009 Data Source Date: April 05, 2012
Location
Address: 9108 Woodward Ave, Detroit, MI 48202 County: Wayne 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): Detroit-Warren-Livonia, MI (#19820) CBSA Metro Statistical Area: Detroit-Warren-Livonia, MI (#19820) Core Based Statistical Division: Detroit-Livonia-Dearborn, MI (#19804)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $13.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
12Total employees (full-time equivalent)
$14,950Total assets
$1,907Cash and due from depository institutions
$1,749Interest-bearing balances
$3,881Securities
$0Federal funds sold & reverse repurchase agreements
$7,504Net loans & leases
$89Loan loss allowance
$0Trading account assets
$499Bank premises and fixed assets
$458Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$701All other assets
$14,950Total liabilities and capital
$14,458Total liabilities
$14,271Total deposits
$13,803Interest-bearing deposits
$14,271Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$187All other liabilities
$492Total equity capital
$492Total bank equity capital
$492Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$492Noncurrent loans and leases
$1Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$158Earning assets
$0Long-term assets (5+ years)
$73Average Assets, year-to-date
$13,134Average Assets, quarterly
$0Volatile liabilities
$17,586Insider loans
$15,099FHLB advances
$1,124Loans and leases held for sale
$31Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1Total unused commitments
$458Restructured Loans and leases
$84Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$847Total interest income
$218Total interest expense
$629Net interest income
$95Provision for loan and lease losses
$74Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$74Additional noninterest income
$1,116Total noninterest expense
$533Salaries and employee benefits
$271Premises and equipment expense
$312Additional noninterest expense
-$508Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$508Income before extraordinary items
$0Extraordinary gains - net
-$508Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$58Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.34%Yield on earning assets
1.37%Cost of funding earning assets
3.97%Net interest margin
0.47%Noninterest income to earning assets
7.04%Noninterest expense to earning assets
-2.89%Net operating income to assets
-2.89%Return on assets (ROA)
-2.89%Pretax return on assets
-69.40%Return on equity (ROE)
-69.40%Retained earnings to average equity (YTD only)
0.75%Net charge-offs to loans
163.79%Credit loss provision to net charge-offs
-7.12%Efficiency ratio
158,748Assets per employee
1.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.17%Loss allowance to noncurrent loans
56.33%Noncurrent assets plus other real estate owned to assets
4.12%Noncurrent loans to loans
2.08%Net loans and leases to deposits
52.58%Net loans and leases to core deposits
57.08%Equity capital to assets
3.29%Core capital (leverage) ratio
3.09%Tier 1 risk-based capital ratio
6.85%Total risk-based capital ratio
Memoranda
$8Average assets
$17,586Average earning assets
$732Average equity
$15,858Average loans
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