Oakland Commerce Bank in Farmington Hills, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 31, 2009

  • Oakland Commerce Bank in Farmington Hills, Michigan (MI)
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Oakland Commerce Bank - Overview

  • General
  • FDIC Certificate #: 32195
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Michigan Commerce Bank (#33134)
    Federal Reserve ID: 436971
    Date Established: Febuary 08, 1984
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 7983
    FDIC's unique #: 45029
    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: Febuary 08, 1984
    Last Structure Change Effective Date: March 31, 2009
    Last Structure Change Process Date: April 02, 2009
    Last Data Update: April 02, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 31731 Northwestern Highway #105, Farmington Hills, MI 48334
    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: $93.1 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, 2008)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $93,132Total assets
  • $7,573Cash and due from depository institutions
  • $5,776Interest-bearing balances
  • $662Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $74,243Net loans & leases
  • $5,369Loan loss allowance
  • $0Trading account assets
  • $964Bank premises and fixed assets
  • $3,399Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $6,291All other assets
  • $93,132Total liabilities and capital
  • $84,018Total liabilities
  • $74,800Total deposits
  • $66,158Interest-bearing deposits
  • $74,800Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $8,750Other borrowed funds
  • $0Subordinated debt
  • $468All other liabilities
  • $9,114Total equity capital
  • $9,114Total bank equity capital
  • $9,114Perpetual preferred stock
  • $0Common stock
  • $1,585Surplus
  • $11,728Undivided profits
  • Memoranda
  • $-4,199Noncurrent loans and leases
  • $18,615Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $13,797Earning assets
  • $445Long-term assets (5+ years)
  • $288Average Assets, year-to-date
  • $80,681Average Assets, quarterly
  • $2,859Volatile liabilities
  • $100,163Insider loans
  • $93,066FHLB advances
  • $20,925Loans and leases held for sale
  • $404Unused loan commitments
  • $8,750Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $18,615Total unused commitments
  • $116Restructured Loans and leases
  • $1,063Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $5,512Total interest income
  • $2,779Total interest expense
  • $2,733Net interest income
  • $5,745Provision for loan and lease losses
  • $262Total noninterest income
  • $0Fiduciary activities
  • $142Service charges on deposit accounts
  • $0Trading account gains & fees
  • $120Additional noninterest income
  • $3,637Total noninterest expense
  • $1,727Salaries and employee benefits
  • $308Premises and equipment expense
  • $1,602Additional noninterest expense
  • -$6,387Pre-tax net operating income
  • $0Securities gains (losses)
  • -$2,160Applicable income taxes
  • -$4,227Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,227Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,904Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.36%Yield on earning assets
  • 3.21%Cost of funding earning assets
  • 3.15%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 4.19%Noninterest expense to earning assets
  • -4.22%Net operating income to assets
  • -4.22%Return on assets (ROA)
  • -6.38%Pretax return on assets
  • -54.13%Return on equity (ROE)
  • -54.13%Retained earnings to average equity (YTD only)
  • 3.28%Net charge-offs to loans
  • 197.83%Credit loss provision to net charge-offs
  • -0.22%Efficiency ratio
  • 121,436Assets per employee
  • 3.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.74%Loss allowance to noncurrent loans
  • 38.91%Noncurrent assets plus other real estate owned to assets
  • 18.46%Noncurrent loans to loans
  • 17.33%Net loans and leases to deposits
  • 99.26%Net loans and leases to core deposits
  • 129.40%Equity capital to assets
  • 9.79%Core capital (leverage) ratio
  • 8.40%Tier 1 risk-based capital ratio
  • 9.84%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $100,163Average earning assets
  • $7,808Average equity
  • $86,699Average loans

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