New Liberty Bank in Plymouth, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 14, 2010

  • New Liberty Bank in Plymouth, Michigan (MI)
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New Liberty Bank - Overview

  • General
  • FDIC Certificate #: 35586
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Bank of Ann Arbor (#34120)
    Federal Reserve ID: 2902041
    Date Established: March 16, 2001
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 82015
    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 16, 2001
    Last Structure Change Effective Date: May 14, 2010
    Last Structure Change Process Date: May 17, 2010
    Last Data Update: May 17, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1333 Ann Arbor Road, Plymouth, MI 48170
    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)
  • Financial Summary
  • Total assets: $111.2 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, 2009)

  • Dollar figures in thousands
  • 16Total employees (full-time equivalent)
  • $113,678Total assets
  • $8,789Cash and due from depository institutions
  • $8,042Interest-bearing balances
  • $923Securities
  • $1,401Federal funds sold & reverse repurchase agreements
  • $92,959Net loans & leases
  • $1,842Loan loss allowance
  • $0Trading account assets
  • $4,844Bank premises and fixed assets
  • $3,137Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,625All other assets
  • $113,678Total liabilities and capital
  • $111,705Total liabilities
  • $98,418Total deposits
  • $87,511Interest-bearing deposits
  • $98,418Deposits held in domestic offices
  • 95.15%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $11,887Other borrowed funds
  • $1,050Subordinated debt
  • $350All other liabilities
  • $1,973Total equity capital
  • $1,973Total bank equity capital
  • $1,973Perpetual preferred stock
  • $0Common stock
  • $3,738Surplus
  • $7,887Undivided profits
  • Memoranda
  • $-9,652Noncurrent loans and leases
  • $9,479Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9,517Earning assets
  • $266Long-term assets (5+ years)
  • $451Average Assets, year-to-date
  • $103,325Average Assets, quarterly
  • $13,875Volatile liabilities
  • $117,883Insider loans
  • $113,089FHLB advances
  • $22,935Loans and leases held for sale
  • $2,802Unused loan commitments
  • $11,887Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,479Total unused commitments
  • $11Restructured Loans and leases
  • $1,968Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $6,145Total interest income
  • $3,356Total interest expense
  • $2,789Net interest income
  • $3,255Provision for loan and lease losses
  • $250Total noninterest income
  • $0Fiduciary activities
  • $129Service charges on deposit accounts
  • $0Trading account gains & fees
  • $121Additional noninterest income
  • $3,677Total noninterest expense
  • $1,369Salaries and employee benefits
  • $418Premises and equipment expense
  • $1,890Additional noninterest expense
  • -$3,893Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$3,893Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,893Net income attributable to bank
  • $0Net charge-offs
  • -$3,893Cash dividends
  • $3,801Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.71%Yield on earning assets
  • 3.12%Cost of funding earning assets
  • 2.59%Net interest margin
  • 0.23%Noninterest income to earning assets
  • 3.42%Noninterest expense to earning assets
  • -3.30%Net operating income to assets
  • -3.30%Return on assets (ROA)
  • -3.30%Pretax return on assets
  • -89.39%Return on equity (ROE)
  • -89.39%Retained earnings to average equity (YTD only)
  • 3.84%Net charge-offs to loans
  • 85.64%Credit loss provision to net charge-offs
  • -0.17%Efficiency ratio
  • 120,994Assets per employee
  • 7.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.94%Loss allowance to noncurrent loans
  • 19.35%Noncurrent assets plus other real estate owned to assets
  • 11.13%Noncurrent loans to loans
  • 10.04%Net loans and leases to deposits
  • 94.45%Net loans and leases to core deposits
  • 116.81%Equity capital to assets
  • 1.74%Core capital (leverage) ratio
  • 1.68%Tier 1 risk-based capital ratio
  • 2.05%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $117,883Average earning assets
  • $4,355Average equity
  • $107,619Average loans

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