Old Kent Bank - East in Brighton, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1995

  • Old Kent Bank - East in Brighton, Michigan (MI)
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Old Kent Bank - East - Overview

  • General
  • FDIC Certificate #: 13856
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fifth Third Bank (#993)
    Federal Reserve ID: 690643
    Date Established: June 01, 1910
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 202 (Interstate: No)
    FDIC's unique #: 8664
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 02, 1934
    Last Structure Change Effective Date: January 01, 1995
    Last Structure Change Process Date: Febuary 07, 1995
    Last Data Update: Febuary 07, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 West North Street, Brighton, MI 48116
    County: Livingston
    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): Ann Arbor, MI (#440)
    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: $384.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $185Total assets
  • $384,839Cash and due from depository institutions
  • $15,322Interest-bearing balances
  • $3,000Securities
  • $203,997Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $145,389Loan loss allowance
  • $5,915Trading account assets
  • $0Bank premises and fixed assets
  • $7,913Other real estate owned
  • $1,212Goodwill and other intangibles
  • $7,281Life insurance assets
  • $3,725All other assets
  • $0Total liabilities and capital
  • $384,839Total liabilities
  • $359,675Total deposits
  • $351,780Interest-bearing deposits
  • $304,389Deposits held in domestic offices
  • 351780.00%% insured (estimated)
  • $84Federal funds purchased & repurchase agreements
  • $6,371Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,524Total equity capital
  • $1,524Total bank equity capital
  • $25,164Perpetual preferred stock
  • $0Common stock
  • $1,500Surplus
  • $14,438Undivided profits
  • Memoranda
  • $9,226Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,349Income earned, not collected on loans
  • $792Earning assets
  • $352,386Long-term assets (5+ years)
  • $33,984Average Assets, year-to-date
  • $367,644Average Assets, quarterly
  • $376,025Volatile liabilities
  • $36,547Insider loans
  • $2,696FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $38,820Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $24,295Total risk weighted assets
  • $172,145Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $24,476Total interest expense
  • $9,354Net interest income
  • $15,122Provision for loan and lease losses
  • $140Total noninterest income
  • $2,800Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,656Trading account gains & fees
  • $6Additional noninterest income
  • $1,138Total noninterest expense
  • $13,387Salaries and employee benefits
  • $5,057Premises and equipment expense
  • $1,745Additional noninterest expense
  • $6,585Pre-tax net operating income
  • $4,395Securities gains (losses)
  • $86Applicable income taxes
  • $1,523Income before extraordinary items
  • $2,958Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,958Net charge-offs
  • -$264Cash dividends
  • $5,700Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.26%Cost of funding earning assets
  • 2.77%Net interest margin
  • 4.49%Noninterest income to earning assets
  • 0.83%Noninterest expense to earning assets
  • 3.97%Net operating income to assets
  • 0.79%Return on assets (ROA)
  • 0.80%Pretax return on assets
  • 1.22%Return on equity (ROE)
  • 10.54%Retained earnings to average equity (YTD only)
  • -9.77%Net charge-offs to loans
  • -0.20%Credit loss provision to net charge-offs
  • -53.03%Efficiency ratio
  • 70,617Assets per employee
  • 2.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 192.70%Loss allowance to loans
  • 3.91%Loss allowance to noncurrent loans
  • 176.62%Noncurrent assets plus other real estate owned to assets
  • 1.19%Noncurrent loans to loans
  • 2.21%Net loans and leases to deposits
  • 41.33%Net loans and leases to core deposits
  • 45.21%Equity capital to assets
  • 6.54%Core capital (leverage) ratio
  • 6.53%Tier 1 risk-based capital ratio
  • 14.11%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $367,644Average earning assets
  • $28,070Average equity
  • $337,137Average loans

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