North Oakland Community Bank in Rochester Hills, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 30, 2003

  • North Oakland Community Bank in Rochester Hills, Michigan (MI)
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North Oakland Community Bank - Overview

  • General
  • FDIC Certificate #: 34879
    Status: Inactive
    Closing history: Change in Insurance Status
    Acquiring institution: Community Central Bank (#34234)
    Federal Reserve ID: 2722959
    Date Established: January 05, 1999
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 61941
    Numeric code: 21
    Regulator: FDIC
    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: January 05, 1999
    Last Structure Change Effective Date: October 30, 2003
    Last Structure Change Process Date: December 09, 2003
    Last Data Update: October 05, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1467 North Rochester Road, Rochester Hills, MI 48307
    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)
  • History of Changes
  • Other Liquidations and Closings
    Change in Insurance Status
  • Financial Summary
  • Total assets: $27.7 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, 2002)

  • Dollar figures in thousands
  • 4Total employees (full-time equivalent)
  • $34,222Total assets
  • $942Cash and due from depository institutions
  • $103Interest-bearing balances
  • $3,976Securities
  • $450Federal funds sold & reverse repurchase agreements
  • $28,023Net loans & leases
  • $717Loan loss allowance
  • $0Trading account assets
  • $303Bank premises and fixed assets
  • $161Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $367All other assets
  • $34,222Total liabilities and capital
  • $31,179Total liabilities
  • $30,991Total deposits
  • $27,406Interest-bearing deposits
  • $30,991Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $188All other liabilities
  • $3,043Total equity capital
  • $3,043Total bank equity capital
  • $3,043Perpetual preferred stock
  • $0Common stock
  • $1,750Surplus
  • $3,275Undivided profits
  • Memoranda
  • $-1,982Noncurrent loans and leases
  • $4,132Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $747Earning assets
  • $0Long-term assets (5+ years)
  • $197Average Assets, year-to-date
  • $32,552Average Assets, quarterly
  • $852Volatile liabilities
  • $35,752Insider loans
  • $34,714FHLB advances
  • $8,803Loans and leases held for sale
  • $152Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,132Total unused commitments
  • $0Restructured Loans and leases
  • $378Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $2,338Total interest income
  • $868Total interest expense
  • $1,470Net interest income
  • $479Provision for loan and lease losses
  • $92Total noninterest income
  • $0Fiduciary activities
  • $68Service charges on deposit accounts
  • $0Trading account gains & fees
  • $24Additional noninterest income
  • $1,182Total noninterest expense
  • $293Salaries and employee benefits
  • $207Premises and equipment expense
  • $682Additional noninterest expense
  • -$99Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$99Income before extraordinary items
  • $0Extraordinary gains - net
  • -$99Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $624Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.82%Yield on earning assets
  • 2.53%Cost of funding earning assets
  • 4.29%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • -0.28%Net operating income to assets
  • -0.28%Return on assets (ROA)
  • -0.28%Pretax return on assets
  • -3.13%Return on equity (ROE)
  • -3.13%Retained earnings to average equity (YTD only)
  • 2.14%Net charge-offs to loans
  • 76.76%Credit loss provision to net charge-offs
  • 0.61%Efficiency ratio
  • 75,672Assets per employee
  • 8.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.49%Loss allowance to noncurrent loans
  • 95.98%Noncurrent assets plus other real estate owned to assets
  • 2.65%Noncurrent loans to loans
  • 2.60%Net loans and leases to deposits
  • 90.42%Net loans and leases to core deposits
  • 126.30%Equity capital to assets
  • 8.89%Core capital (leverage) ratio
  • 8.63%Tier 1 risk-based capital ratio
  • 10.01%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $35,752Average earning assets
  • $3,161Average equity
  • $34,262Average loans

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