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- Banks in Michigan (MI)
- North Oakland Community Bank
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
WWW: http://www.bankoakland.com
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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- Banks in Michigan (MI)
- North Oakland Community Bank
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