Northern Trust Bank, Federal Savings Bank in Bloomfield Hills, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 2011

  • Northern Trust Bank, Federal Savings Bank in Bloomfield Hills, Michigan (MI)
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Northern Trust Bank, Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 34835
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Northern Trust Company (#913)
    Federal Reserve ID: 2711944
    Date Established: August 17, 1998
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 13 (Interstate: No)
    OTS Docket #: 15128
    FDIC's unique #: 61747
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: August 17, 1998
    Last Structure Change Effective Date: October 01, 2011
    Last Structure Change Process Date: October 07, 2011
    Last Data Update: October 07, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 10 West Long Lake Road, Bloomfield Hills, MI 48304
    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)
  • Financial Summary
  • Total assets: $1,613.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)

  • Dollar figures in thousands
  • 235Total employees (full-time equivalent)
  • $1,462,353Total assets
  • $16,335Cash and due from depository institutions
  • $4,192Interest-bearing balances
  • $3,292Securities
  • $33,000Federal funds sold & reverse repurchase agreements
  • $1,311,712Net loans & leases
  • $15,216Loan loss allowance
  • $0Trading account assets
  • $11,639Bank premises and fixed assets
  • $4,907Other real estate owned
  • $19,087Goodwill and other intangibles
  • $0Life insurance assets
  • $62,381All other assets
  • $1,462,353Total liabilities and capital
  • $1,300,078Total liabilities
  • $1,035,073Total deposits
  • $991,947Interest-bearing deposits
  • $1,035,073Deposits held in domestic offices
  • 40.59%% insured (estimated)
  • $180,757Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $50,000Other borrowed funds
  • $25,000Subordinated debt
  • $9,248All other liabilities
  • $162,275Total equity capital
  • $162,275Total bank equity capital
  • $162,275Perpetual preferred stock
  • $0Common stock
  • $4,500Surplus
  • $171,000Undivided profits
  • Memoranda
  • $-13,225Noncurrent loans and leases
  • $600,374Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $20,002Earning assets
  • $0Long-term assets (5+ years)
  • $3,039Average Assets, year-to-date
  • $1,352,196Average Assets, quarterly
  • $0Volatile liabilities
  • $1,396,812Insider loans
  • $1,436,059FHLB advances
  • $373,082Loans and leases held for sale
  • $3,002Unused loan commitments
  • $20,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $600,374Total unused commitments
  • $864Restructured Loans and leases
  • $32,216Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $43,333Total interest income
  • $9,674Total interest expense
  • $33,659Net interest income
  • $8,497Provision for loan and lease losses
  • $47,518Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $47,518Additional noninterest income
  • $62,637Total noninterest expense
  • $43,958Salaries and employee benefits
  • $9,441Premises and equipment expense
  • $9,238Additional noninterest expense
  • $10,043Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,957Applicable income taxes
  • $6,086Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,086Net income attributable to bank
  • $0Net charge-offs
  • $6,086Cash dividends
  • $3,468Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.36%Yield on earning assets
  • 0.75%Cost of funding earning assets
  • 2.61%Net interest margin
  • 3.69%Noninterest income to earning assets
  • 4.86%Noninterest expense to earning assets
  • 0.44%Net operating income to assets
  • 0.44%Return on assets (ROA)
  • 0.72%Pretax return on assets
  • 4.01%Return on equity (ROE)
  • 4.01%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 245.01%Credit loss provision to net charge-offs
  • 5.35%Efficiency ratio
  • 76,476Assets per employee
  • 6.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.15%Loss allowance to noncurrent loans
  • 76.07%Noncurrent assets plus other real estate owned to assets
  • 1.70%Noncurrent loans to loans
  • 1.51%Net loans and leases to deposits
  • 126.73%Net loans and leases to core deposits
  • 146.93%Equity capital to assets
  • 11.10%Core capital (leverage) ratio
  • 10.05%Tier 1 risk-based capital ratio
  • 10.50%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,396,812Average earning assets
  • $151,890Average equity
  • $1,289,006Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $16,313,826Managed Assets
  • 1Number of Accounts
  • $15,400,883Personal trust and agency accounts
  • $2,297,551Employee benefit-defined contribution accounts
  • $29,936Employee benefit-defined benefit accounts
  • $14,590Other retirement accounts
  • $1,011,710Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $11,635,189Other fiduciary accounts
  • $401,414Fiduciary accounts held in foreign offices
  • $10,493Non-managed Assets
  • 9623Number of Accounts
  • $0Personal trust and agency accounts
  • $986,865Employee benefit-defined contribution accounts
  • $4,938,554Employee benefit-defined benefit accounts
  • $912,943Other retirement accounts
  • $245,733Corporate trust and agency accounts
  • $3,969Other fiduciary accounts
  • $383,970Fiduciary accounts held in foreign offices

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