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- Banks in Michigan (MI)
- Main Street Bank
Main Street Bank in Northville, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of October 10, 2008
- Main Street Bank in Northville, Michigan (MI)
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Main Street Bank - Overview
- General
- FDIC Certificate #: 57654
Status: Inactive
Closing history: Corrections
Acquiring institution: Monroe Bank & Trust (#12181)
Federal Reserve ID: 3222175
Date Established: March 01, 2004
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 419154
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: March 01, 2004
Last Structure Change Effective Date: October 10, 2008
Last Structure Change Process Date: October 10, 2008
Last Data Update: October 10, 2008
Data Source Date: April 05, 2012 - Location
- Address: 133 West Main St, Northville, MI 48167
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: $112.4 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2007)
- Dollar figures in thousands
- 51Total employees (full-time equivalent)
- $136,947Total assets
- $2,221Cash and due from depository institutions
- $22Interest-bearing balances
- $13,045Securities
- $12,906Federal funds sold & reverse repurchase agreements
- $104,709Net loans & leases
- $2,530Loan loss allowance
- $0Trading account assets
- $1,273Bank premises and fixed assets
- $950Other real estate owned
- $0Goodwill and other intangibles
- $0Life insurance assets
- $1,843All other assets
- $136,947Total liabilities and capital
- $127,913Total liabilities
- $121,785Total deposits
- $116,055Interest-bearing deposits
- $121,785Deposits held in domestic offices
- 0.00%% insured (estimated)
- $0Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $5,000Other borrowed funds
- $0Subordinated debt
- $1,128All other liabilities
- $9,034Total equity capital
- $9,034Total bank equity capital
- $9,034Perpetual preferred stock
- $0Common stock
- $3,750Surplus
- $11,752Undivided profits
- Memoranda
- $-6,468Noncurrent loans and leases
- $18,475Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $10,118Earning assets
- $0Long-term assets (5+ years)
- $1,160Average Assets, year-to-date
- $130,682Average Assets, quarterly
- $2,907Volatile liabilities
- $149,033Insider loans
- $145,447FHLB advances
- $20,637Loans and leases held for sale
- $42Unused loan commitments
- $5,000Tier 1 (core) risk-based capital
- $11,594Tier 2 risk-based capital
- $2,744Total risk weighted assets
- $18,475Total unused commitments
- $0Restructured Loans and leases
- $1,549Derivatives
Income and Expense (December 31, 2007)
- Dollar figures in thousands
- $10,831Total interest income
- $6,468Total interest expense
- $4,363Net interest income
- $4,558Provision for loan and lease losses
- $1,550Total noninterest income
- $0Fiduciary activities
- $76Service charges on deposit accounts
- $0Trading account gains & fees
- $1,474Additional noninterest income
- $6,333Total noninterest expense
- $3,797Salaries and employee benefits
- $855Premises and equipment expense
- $1,681Additional noninterest expense
- -$4,978Pre-tax net operating income
- $0Securities gains (losses)
- $0Applicable income taxes
- -$4,978Income before extraordinary items
- $0Extraordinary gains - net
- -$4,978Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $3,218Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 2007)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 7.52%Yield on earning assets
- 4.49%Cost of funding earning assets
- 3.03%Net interest margin
- 1.08%Noninterest income to earning assets
- 4.40%Noninterest expense to earning assets
- -3.34%Net operating income to assets
- -3.34%Return on assets (ROA)
- -3.34%Pretax return on assets
- -40.20%Return on equity (ROE)
- -40.20%Retained earnings to average equity (YTD only)
- 2.67%Net charge-offs to loans
- 141.64%Credit loss provision to net charge-offs
- -0.13%Efficiency ratio
- 107,103Assets per employee
- 2.69%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 0.00%Loss allowance to loans
- 2.36%Loss allowance to noncurrent loans
- 25.00%Noncurrent assets plus other real estate owned to assets
- 8.08%Noncurrent loans to loans
- 9.44%Net loans and leases to deposits
- 85.98%Net loans and leases to core deposits
- 103.52%Equity capital to assets
- 6.60%Core capital (leverage) ratio
- 6.21%Tier 1 risk-based capital ratio
- 7.30%Total risk-based capital ratio
- Memoranda
- $9Average assets
- $149,033Average earning assets
- $12,384Average equity
- $143,959Average loans
- bankencyclopedia.com
- Banks in Michigan (MI)
- Main Street Bank
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