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- Banks in Michigan (MI)
- New Liberty Bank
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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- Banks in Michigan (MI)
- New Liberty Bank
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