Huntington Banks of Michigan in Troy, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 30, 1997

  • Huntington Banks of Michigan in Troy, Michigan (MI)
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Huntington Banks of Michigan - Overview

  • General
  • FDIC Certificate #: 23791
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Huntington National Bank (#6560)
    Federal Reserve ID: 993344
    Date Established: May 24, 1982
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 43 (Interstate: No)
    FDIC's unique #: 16631
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 24, 1982
    Last Structure Change Effective Date: June 30, 1997
    Last Structure Change Process Date: July 22, 1997
    Last Data Update: July 22, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 801 West Big Beaver Road, Troy, MI 48084
    County: Oakland
    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: Warren-Troy-Farmington Hills, MI (#47644)
  • Financial Summary
  • Total assets: $2,117.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $669Total assets
  • $2,080,353Cash and due from depository institutions
  • $80,408Interest-bearing balances
  • $0Securities
  • $734,302Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $1,216,918Loan loss allowance
  • $20,654Trading account assets
  • $0Bank premises and fixed assets
  • $21,836Other real estate owned
  • $682Goodwill and other intangibles
  • $26,207Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $2,080,353Total liabilities
  • $1,931,327Total deposits
  • $1,850,807Interest-bearing deposits
  • $1,539,265Deposits held in domestic offices
  • 1850807.00%% insured (estimated)
  • $75Federal funds purchased & repurchase agreements
  • $66,779Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $13,741Total equity capital
  • $13,741Total bank equity capital
  • $149,026Perpetual preferred stock
  • $0Common stock
  • $5,524Surplus
  • $46,742Undivided profits
  • Memoranda
  • $96,760Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,452Income earned, not collected on loans
  • $7,318Earning assets
  • $1,951,220Long-term assets (5+ years)
  • $462,763Average Assets, year-to-date
  • $2,043,276Average Assets, quarterly
  • $2,081,735Volatile liabilities
  • $496,875Insider loans
  • $13,744FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $520,661Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $151,526Total risk weighted assets
  • $1,448,571Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $155,470Total interest expense
  • $72,215Net interest income
  • $83,255Provision for loan and lease losses
  • $3,100Total noninterest income
  • $13,225Fiduciary activities
  • $541Service charges on deposit accounts
  • $7,448Trading account gains & fees
  • $0Additional noninterest income
  • $5,236Total noninterest expense
  • $38,726Salaries and employee benefits
  • $21,712Premises and equipment expense
  • $7,212Additional noninterest expense
  • $9,802Pre-tax net operating income
  • $54,654Securities gains (losses)
  • $835Applicable income taxes
  • $18,705Income before extraordinary items
  • $36,784Extraordinary gains - net
  • $0Net income attributable to bank
  • $36,784Net charge-offs
  • $1,441Cash dividends
  • $32,911Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.18%Cost of funding earning assets
  • 3.80%Net interest margin
  • 4.38%Noninterest income to earning assets
  • 0.70%Noninterest expense to earning assets
  • 2.04%Net operating income to assets
  • 1.77%Return on assets (ROA)
  • 1.80%Pretax return on assets
  • 2.72%Return on equity (ROE)
  • 24.80%Retained earnings to average equity (YTD only)
  • 2.61%Net charge-offs to loans
  • 0.12%Credit loss provision to net charge-offs
  • 215.13%Efficiency ratio
  • 40,139Assets per employee
  • 3.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 89.47%Loss allowance to loans
  • 1.67%Loss allowance to noncurrent loans
  • 165.87%Noncurrent assets plus other real estate owned to assets
  • 0.63%Noncurrent loans to loans
  • 1.01%Net loans and leases to deposits
  • 65.75%Net loans and leases to core deposits
  • 85.66%Equity capital to assets
  • 7.16%Core capital (leverage) ratio
  • 7.29%Tier 1 risk-based capital ratio
  • 10.46%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $2,043,276Average earning assets
  • $148,329Average equity
  • $1,900,583Average loans

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