New Century Bank in Shelby Township, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 28, 2002

  • New Century Bank in Shelby Township, Michigan (MI)
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New Century Bank - Overview

  • General
  • FDIC Certificate #: 34979
    Status: Inactive
    Federal Reserve ID: 2728474
    Date Established: July 01, 1999
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 62153
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 01, 1999
    Last Structure Change Effective Date: March 28, 2002
    Last Structure Change Process Date: April 01, 2002
    Last Data Update: April 01, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 46719 Hayes Road, Shelby Township, MI 48315
    County: Macomb
    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)
  • History of Changes
  • Financial Difficulty - Payoff
  • Financial Summary
  • Total assets: $21.1 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, 2001)

  • Dollar figures in thousands
  • 18Total employees (full-time equivalent)
  • $21,091Total assets
  • $325Cash and due from depository institutions
  • $0Interest-bearing balances
  • $49Securities
  • $1,895Federal funds sold & reverse repurchase agreements
  • $17,732Net loans & leases
  • $2,455Loan loss allowance
  • $0Trading account assets
  • $628Bank premises and fixed assets
  • $144Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $318All other assets
  • $21,091Total liabilities and capital
  • $21,106Total liabilities
  • $18,902Total deposits
  • $18,499Interest-bearing deposits
  • $18,902Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,860Other borrowed funds
  • $0Subordinated debt
  • $344All other liabilities
  • $-15Total equity capital
  • $-15Total bank equity capital
  • $-15Perpetual preferred stock
  • $0Common stock
  • $1,300Surplus
  • $10,940Undivided profits
  • Memoranda
  • $-12,255Noncurrent loans and leases
  • $60Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,556Earning assets
  • $0Long-term assets (5+ years)
  • $65Average Assets, year-to-date
  • $19,676Average Assets, quarterly
  • $1,941Volatile liabilities
  • $30,394Insider loans
  • $23,726FHLB advances
  • $4,085Loans and leases held for sale
  • $102Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $60Total unused commitments
  • $451Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $3,924Total interest income
  • $1,909Total interest expense
  • $2,015Net interest income
  • $3,979Provision for loan and lease losses
  • $386Total noninterest income
  • $0Fiduciary activities
  • $22Service charges on deposit accounts
  • $0Trading account gains & fees
  • $364Additional noninterest income
  • $3,420Total noninterest expense
  • $1,014Salaries and employee benefits
  • $697Premises and equipment expense
  • $1,709Additional noninterest expense
  • -$4,998Pre-tax net operating income
  • $10Securities gains (losses)
  • $0Applicable income taxes
  • -$4,988Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,988Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,321Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 13.68%Yield on earning assets
  • 6.66%Cost of funding earning assets
  • 7.03%Net interest margin
  • 1.35%Noninterest income to earning assets
  • 11.92%Noninterest expense to earning assets
  • -16.44%Net operating income to assets
  • -16.41%Return on assets (ROA)
  • -16.41%Pretax return on assets
  • -272.42%Return on equity (ROE)
  • -272.42%Retained earnings to average equity (YTD only)
  • 8.95%Net charge-offs to loans
  • 171.43%Credit loss provision to net charge-offs
  • -0.44%Efficiency ratio
  • 142,441Assets per employee
  • 1.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 12.16%Loss allowance to noncurrent loans
  • 157.78%Noncurrent assets plus other real estate owned to assets
  • 8.06%Noncurrent loans to loans
  • 7.71%Net loans and leases to deposits
  • 93.81%Net loans and leases to core deposits
  • 119.67%Equity capital to assets
  • -0.07%Core capital (leverage) ratio
  • -0.06%Tier 1 risk-based capital ratio
  • -0.08%Total risk-based capital ratio
  • Memoranda
  • -$0Average assets
  • $30,394Average earning assets
  • $1,831Average equity
  • $28,681Average loans

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