Interfirst Federal Savings Bank in Ypsilanti, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 18, 1993

  • Interfirst Federal Savings Bank in Ypsilanti, Michigan (MI)
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Interfirst Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 31781
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Standard Federal Bank (#27714)
    Federal Reserve ID: 216276
    Date Established: January 01, 1890
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 7459
    FDIC's unique #: 44615
    Numeric code: 34
    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: November 22, 1976
    Last Structure Change Effective Date: December 18, 1993
    Last Structure Change Process Date: December 30, 1993
    Last Data Update: December 30, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 2250 W Michigan Ave, Ypsilanti, MI 48197
    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)
  • Financial Summary
  • Total assets: $247.5 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $175Total assets
  • $201,821Cash and due from depository institutions
  • $16,540Interest-bearing balances
  • $15,584Securities
  • $7,084Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $164,649Loan loss allowance
  • $1,944Trading account assets
  • $0Bank premises and fixed assets
  • $1,784Other real estate owned
  • $399Goodwill and other intangibles
  • $4,878Life insurance assets
  • $6,487All other assets
  • $0Total liabilities and capital
  • $201,821Total liabilities
  • $188,791Total deposits
  • $138,170Interest-bearing deposits
  • $111,678Deposits held in domestic offices
  • 138170.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $5,931Trading liabilities
  • $0Other borrowed funds
  • $35,200Subordinated debt
  • $0All other liabilities
  • $9,490Total equity capital
  • $9,490Total bank equity capital
  • $13,030Perpetual preferred stock
  • $0Common stock
  • $5Surplus
  • $2,888Undivided profits
  • Memoranda
  • $10,137Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,506Income earned, not collected on loans
  • $448Earning assets
  • $187,317Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $200,291Average Assets, quarterly
  • $202,072Volatile liabilities
  • $51,770Insider loans
  • $0FHLB advances
  • $35,200Loans and leases held for sale
  • $0Unused loan commitments
  • $113,692Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $13,030Total risk weighted assets
  • $104,016Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $14,102Total interest expense
  • $7,471Net interest income
  • $6,631Provision for loan and lease losses
  • $653Total noninterest income
  • $8,563Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $8,563Total noninterest expense
  • $12,389Salaries and employee benefits
  • $7,705Premises and equipment expense
  • $1,089Additional noninterest expense
  • $3,595Pre-tax net operating income
  • $2,152Securities gains (losses)
  • $4,300Applicable income taxes
  • $2,757Income before extraordinary items
  • $3,695Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,695Net charge-offs
  • $4Cash dividends
  • $770Sale, conversion, retirement of capital stock, net
  • $1,478Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.51%Cost of funding earning assets
  • 3.98%Net interest margin
  • 3.53%Noninterest income to earning assets
  • 4.56%Noninterest expense to earning assets
  • 6.60%Net operating income to assets
  • 0.47%Return on assets (ROA)
  • 1.84%Pretax return on assets
  • 3.22%Return on equity (ROE)
  • 34.22%Retained earnings to average equity (YTD only)
  • 27.09%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 16325.00%Efficiency ratio
  • 81,539Assets per employee
  • 1.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 20.84%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 43.14%Noncurrent assets plus other real estate owned to assets
  • 2.43%Noncurrent loans to loans
  • 2.70%Net loans and leases to deposits
  • 119.16%Net loans and leases to core deposits
  • 129.11%Equity capital to assets
  • 6.46%Core capital (leverage) ratio
  • 6.46%Tier 1 risk-based capital ratio
  • 12.53%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $200,291Average earning assets
  • $10,797Average equity
  • $187,815Average loans

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