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)
  • Show street view No street view available for this location

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
  • 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

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