Michigan Commerce Bank in Ann Arbor, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


Michigan Commerce Bank - Overview

  • General
  • FDIC Certificate #: 33134
    Status: Active
    Federal Reserve ID: 1478222
    Bank Holding Company (Regulatory Top Holder): Capitol Bancorp Ltd. (RSSDID: 1247334, Location: Lansing, MI)
    Date Established: October 01, 1990
    WWW: http://www.michigancommercebank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 13785
    FDIC's unique #: 46369
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 01, 1990
    Last Structure Change Effective Date: March 31, 2010
    Last Structure Change Process Date: April 14, 2010
    Last Data Update: April 14, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 2950 State Street South, Ann Arbor, MI 48104
    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)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
    Change in Trust Powers
  • Financial Summary
  • Total assets: $777.0 mil
    Equity capital: $17.5 mil
    Deposits held in domestic offices: $746.6 mil
    Return on assets (ROA): -2.37% (-$18.4 mil)
    Quarterly return on assets: -0.54% (-$4.2 mil)
    Return on Equity (ROE): -111.07% (-$20.0 mil)
    Quarterly return on equity: -24.08% (-$4.3 mil)
    Net income: -$20.3 mil
    Quarterly Net income: -$1.1 mil
    Pretax return on assets: -2.37% (-$18,414.5 mil)
    Quarterly Pretax return on assets: -0.52% (-$4,040.3 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, 2011)

  • Dollar figures in thousands
  • 265Total employees (full-time equivalent)
  • $776,983Total assets
  • $127,497Cash and due from depository institutions
  • $110,805Interest-bearing balances
  • $10,925Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $578,628Net loans & leases
  • $41,653Loan loss allowance
  • $0Trading account assets
  • $12,714Bank premises and fixed assets
  • $30,722Other real estate owned
  • $846Goodwill and other intangibles
  • $776,983Life insurance assets
  • $15,651All other assets
  • $759,450Total liabilities and capital
  • $746,588Total liabilities
  • $615,372Total deposits
  • $746,588Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $7,862Subordinated debt
  • $17,533All other liabilities
  • $17,533Total equity capital
  • $17,533Total bank equity capital
  • $0Perpetual preferred stock
  • $1,875Common stock
  • $190,820Surplus
  • $-175,162Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,429Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $86,176Income earned, not collected on loans
  • $3,005Earning assets
  • $2,073Long-term assets (5+ years)
  • $700,358Average Assets, year-to-date
  • $17,355Average Assets, quarterly
  • $856,437Volatile liabilities
  • $799,763Insider loans
  • $613,967FHLB advances
  • $802,785Loans and leases held for sale
  • $2,438Unused loan commitments
  • $2,438Tier 1 (core) risk-based capital
  • $17,419Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $37,448Restructured Loans and leases
  • $13,668Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $39,738Total interest income
  • $10,230Total interest expense
  • $29,508Net interest income
  • $16,989Provision for loan and lease losses
  • $10,762Total noninterest income
  • $1,309Fiduciary activities
  • $1,534Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,919Additional noninterest income
  • $43,579Total noninterest expense
  • $18,369Salaries and employee benefits
  • $5,398Premises and equipment expense
  • $19,812Additional noninterest expense
  • -$20,298Pre-tax net operating income
  • $0Securities gains (losses)
  • $28Applicable income taxes
  • -$20,326Income before extraordinary items
  • $0Extraordinary gains - net
  • -$20,326Net income attributable to bank
  • $0Net charge-offs
  • -$20,326Cash dividends
  • $32,717Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.12%Yield on earning assets
  • 1.32%Cost of funding earning assets
  • 3.80%Net interest margin
  • 1.39%Noninterest income to earning assets
  • 5.61%Noninterest expense to earning assets
  • -2.37%Net operating income to assets
  • -2.37%Return on assets (ROA)
  • -2.37%Pretax return on assets
  • -111.07%Return on equity (ROE)
  • -111.07%Retained earnings to average equity (YTD only)
  • 4.61%Net charge-offs to loans
  • 51.93%Credit loss provision to net charge-offs
  • -0.10%Efficiency ratio
  • 107,802Assets per employee
  • 2.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.72%Loss allowance to noncurrent loans
  • 48.33%Noncurrent assets plus other real estate owned to assets
  • 15.05%Noncurrent loans to loans
  • 13.89%Net loans and leases to deposits
  • 77.50%Net loans and leases to core deposits
  • 81.43%Equity capital to assets
  • 2.26%Core capital (leverage) ratio
  • 2.17%Tier 1 risk-based capital ratio
  • 2.84%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $856,437Average earning assets
  • $18,300Average equity
  • $776,520Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $166,184Managed Assets
  • 1Number of Accounts
  • $52,102Personal trust and agency accounts
  • $42,244Employee benefit-defined contribution accounts
  • $6,120Employee benefit-defined benefit accounts
  • $12Other retirement accounts
  • $1,383Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $2,343Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1577Number of Accounts
  • $0Personal trust and agency accounts
  • $1,383Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $114,082Other retirement accounts
  • $1,277Corporate trust and agency accounts
  • $1,764Other fiduciary accounts
  • $110,123Fiduciary accounts held in foreign offices

List of branches

  • 10 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    046369Michigan Commerce Bank2950 State Street South, Ann Arbor, MI 48104October 01, 1990Full Service Brick and Mortar
    157073Brighton Branch8700 North Second Street, Brighton, MI 48116January 08, 1997Full Service Brick and Mortar
    262036Downtown Detroit BranchPenobscot Building, 645 Griswold Street, Suite 70, Detroit, MI 48226December 14, 1998Full Service Brick and Mortar
    355586Grand Haven Branch333 Washington Avenue, Grand Haven, MI 49417May 01, 1995Full Service Brick and Mortar
    460774Grand Rapids Branch4505 Cascade Rd. Se, Grand Rapids, MI 49546January 12, 1998Full Service Brick and Mortar
    660773Muskegon Branch281 Seminole Road, Muskegon, MI 49444December 03, 1997Full Service Brick and Mortar
    745029Farmington Hills Branch31731 Northwestern Highway #105, Farmington Hills, MI 48334Febuary 08, 1984Full Service Brick and Mortar
    839171Portage Branch800 East Milham, Portage, MI 49081May 02, 1988Full Service Brick and Mortar
    9433045Auburn Hills Branch1988 N. Opdyke Road, Auburn Hills, MI 48326July 13, 2005Full Service Brick and Mortar
    1046361Holland Branch240 East 8th Street, Holland, MI 49423September 24, 1990Full Service Brick and Mortar

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