National Bank of Royal Oak in Royal Oak, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 1996

  • National Bank of Royal Oak in Royal Oak, Michigan (MI)
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National Bank of Royal Oak - Overview

  • General
  • FDIC Certificate #: 17576
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens Bank (#986)
    Federal Reserve ID: 755748
    Date Established: April 02, 1956
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Interstate: No)
    OTS Docket #: 9544
    FDIC's unique #: 11548
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: April 02, 1956
    Last Structure Change Effective Date: June 01, 1996
    Last Structure Change Process Date: June 27, 1996
    Last Data Update: June 27, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 215 South Center Street, Royal Oak, MI 48067
    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: $188.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $77Total assets
  • $175,021Cash and due from depository institutions
  • $3,823Interest-bearing balances
  • $90Securities
  • $25,922Federal funds sold & reverse repurchase agreements
  • $5,180Net loans & leases
  • $122,628Loan loss allowance
  • $1,928Trading account assets
  • $0Bank premises and fixed assets
  • $5,937Other real estate owned
  • $152Goodwill and other intangibles
  • $2,119Life insurance assets
  • $9,260All other assets
  • $0Total liabilities and capital
  • $175,021Total liabilities
  • $148,784Total deposits
  • $145,576Interest-bearing deposits
  • $114,599Deposits held in domestic offices
  • 145576.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $440Subordinated debt
  • $0All other liabilities
  • $2,768Total equity capital
  • $2,768Total bank equity capital
  • $26,237Perpetual preferred stock
  • $0Common stock
  • $5,749Surplus
  • $19,781Undivided profits
  • Memoranda
  • $707Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,187Income earned, not collected on loans
  • $735Earning assets
  • $153,820Long-term assets (5+ years)
  • $11,647Average Assets, year-to-date
  • $178,682Average Assets, quarterly
  • $176,382Volatile liabilities
  • $10,254Insider loans
  • $1,059FHLB advances
  • $0Loans and leases held for sale
  • $164Unused loan commitments
  • $28,020Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $17,057Total risk weighted assets
  • $125,407Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $12,647Total interest expense
  • $4,465Net interest income
  • $8,182Provision for loan and lease losses
  • $350Total noninterest income
  • $2,157Fiduciary activities
  • $51Service charges on deposit accounts
  • $899Trading account gains & fees
  • $23Additional noninterest income
  • $1,184Total noninterest expense
  • $7,937Salaries and employee benefits
  • $3,045Premises and equipment expense
  • $1,150Additional noninterest expense
  • $3,742Pre-tax net operating income
  • $2,052Securities gains (losses)
  • $10Applicable income taxes
  • $786Income before extraordinary items
  • $1,276Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,276Net charge-offs
  • $790Cash dividends
  • $1,175Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.37%Cost of funding earning assets
  • 2.96%Net interest margin
  • 5.42%Noninterest income to earning assets
  • 1.43%Noninterest expense to earning assets
  • 5.25%Net operating income to assets
  • 0.71%Return on assets (ROA)
  • 0.71%Pretax return on assets
  • 1.15%Return on equity (ROE)
  • 4.93%Retained earnings to average equity (YTD only)
  • 0.39%Net charge-offs to loans
  • 0.67%Credit loss provision to net charge-offs
  • 44.30%Efficiency ratio
  • 69,736Assets per employee
  • 2.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 92.08%Loss allowance to loans
  • 1.55%Loss allowance to noncurrent loans
  • 162.43%Noncurrent assets plus other real estate owned to assets
  • 0.77%Noncurrent loans to loans
  • 0.95%Net loans and leases to deposits
  • 84.24%Net loans and leases to core deposits
  • 90.33%Equity capital to assets
  • 14.99%Core capital (leverage) ratio
  • 10.10%Tier 1 risk-based capital ratio
  • 13.60%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $178,682Average earning assets
  • $25,900Average equity
  • $151,040Average loans

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