- bankencyclopedia.com
- Banks in Michigan (MI)
- Independent Bank East Michigan
Independent Bank East Michigan in Troy, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of September 15, 2007
- Independent Bank East Michigan in Troy, Michigan (MI)
-
Show street view
No street view available for this location
Independent Bank East Michigan - Overview
- General
- FDIC Certificate #: 12732
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Independent Bank (#27811)
Federal Reserve ID: 144043
Date Established: January 01, 1904
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 28 (Interstate: No)
OTS Docket #: 12681
FDIC's unique #: 8071
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: September 15, 2007
Last Structure Change Process Date: October 01, 2007
Last Data Update: October 01, 2007
Data Source Date: April 05, 2012 - Location
- Address: 201 West Big Beaver Road, Suite 125, 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: $695.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
- Dollar figures in thousands
- 186Total employees (full-time equivalent)
- $712,618Total assets
- $16,610Cash and due from depository institutions
- $0Interest-bearing balances
- $80,814Securities
- $0Federal funds sold & reverse repurchase agreements
- $554,329Net loans & leases
- $7,245Loan loss allowance
- $0Trading account assets
- $13,304Bank premises and fixed assets
- $334Other real estate owned
- $30,513Goodwill and other intangibles
- $7,047Life insurance assets
- $16,714All other assets
- $712,618Total liabilities and capital
- $630,706Total liabilities
- $609,695Total deposits
- $526,466Interest-bearing deposits
- $609,695Deposits held in domestic offices
- 0.00%% insured (estimated)
- $1,342Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $13,481Other borrowed funds
- $0Subordinated debt
- $6,188All other liabilities
- $81,912Total equity capital
- $81,912Total bank equity capital
- $81,912Perpetual preferred stock
- $0Common stock
- $265Surplus
- $70,235Undivided profits
- Memoranda
- $11,412Noncurrent loans and leases
- $88,627Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $11,867Earning assets
- $0Long-term assets (5+ years)
- $3,946Average Assets, year-to-date
- $635,143Average Assets, quarterly
- $89,147Volatile liabilities
- $720,802Insider loans
- $718,010FHLB advances
- $250,230Loans and leases held for sale
- $5,103Unused loan commitments
- $11,000Tier 1 (core) risk-based capital
- $199,783Tier 2 risk-based capital
- $4,961Total risk weighted assets
- $88,627Total unused commitments
- $0Restructured Loans and leases
- $7,184Derivatives
Income and Expense (December 31, 2006)
- Dollar figures in thousands
- $47,577Total interest income
- $18,687Total interest expense
- $28,890Net interest income
- $6,009Provision for loan and lease losses
- $5,944Total noninterest income
- $0Fiduciary activities
- $3,072Service charges on deposit accounts
- $0Trading account gains & fees
- $2,872Additional noninterest income
- $21,862Total noninterest expense
- $8,820Salaries and employee benefits
- $3,528Premises and equipment expense
- $9,514Additional noninterest expense
- $6,963Pre-tax net operating income
- $171Securities gains (losses)
- $1,540Applicable income taxes
- $5,594Income before extraordinary items
- $0Extraordinary gains - net
- $5,594Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $3,736Sale, conversion, retirement of capital stock, net
- $8,300Net operating income
Performance and Condition Ratios (December 31, 2006)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 7.38%Yield on earning assets
- 2.90%Cost of funding earning assets
- 4.48%Net interest margin
- 0.92%Noninterest income to earning assets
- 3.39%Noninterest expense to earning assets
- 0.76%Net operating income to assets
- 0.78%Return on assets (ROA)
- 0.99%Pretax return on assets
- 6.66%Return on equity (ROE)
- -3.22%Retained earnings to average equity (YTD only)
- 0.66%Net charge-offs to loans
- 160.84%Credit loss provision to net charge-offs
- 3.47%Efficiency ratio
- 58,328Assets per employee
- 3.83%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 148.37%Loss allowance to loans
- 1.29%Loss allowance to noncurrent loans
- 61.05%Noncurrent assets plus other real estate owned to assets
- 1.71%Noncurrent loans to loans
- 2.11%Net loans and leases to deposits
- 90.92%Net loans and leases to core deposits
- 152.59%Equity capital to assets
- 11.49%Core capital (leverage) ratio
- 7.59%Tier 1 risk-based capital ratio
- 9.19%Total risk-based capital ratio
- Memoranda
- $10Average assets
- $720,802Average earning assets
- $84,000Average equity
- $644,995Average loans
- bankencyclopedia.com
- Banks in Michigan (MI)
- Independent Bank East Michigan
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Independent Bank East Michigan.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: