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

This bank is inactive as of January 01, 1995

  • Old Kent Bank-Southeast in Trenton, Michigan (MI)
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Old Kent Bank-Southeast - Overview

  • General
  • FDIC Certificate #: 12182
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fifth Third Bank (#993)
    Federal Reserve ID: 233143
    Date Established: January 01, 1930
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 192 (Interstate: No)
    FDIC's unique #: 7736
    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 01, 1934
    Last Structure Change Effective Date: January 01, 1995
    Last Structure Change Process Date: Febuary 06, 1995
    Last Data Update: Febuary 06, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 2674 West Jefferson Avenue, Trenton, MI 48183
    County: Wayne
    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: Detroit-Livonia-Dearborn, MI (#19804)
  • Financial Summary
  • Total assets: $283.2 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $95Total assets
  • $283,237Cash and due from depository institutions
  • $9,305Interest-bearing balances
  • $0Securities
  • $154,566Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $111,383Loan loss allowance
  • $1,798Trading account assets
  • $0Bank premises and fixed assets
  • $2,573Other real estate owned
  • $0Goodwill and other intangibles
  • $5,410Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $283,237Total liabilities
  • $266,022Total deposits
  • $239,142Interest-bearing deposits
  • $202,967Deposits held in domestic offices
  • 239142.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $24,991Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,889Total equity capital
  • $1,889Total bank equity capital
  • $17,215Perpetual preferred stock
  • $0Common stock
  • $2,522Surplus
  • $12,522Undivided profits
  • Memoranda
  • $2,171Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $173Income earned, not collected on loans
  • $628Earning assets
  • $265,949Long-term assets (5+ years)
  • $51,425Average Assets, year-to-date
  • $273,618Average Assets, quarterly
  • $279,881Volatile liabilities
  • $33,839Insider loans
  • $4,551FHLB advances
  • $0Loans and leases held for sale
  • $1,142Unused loan commitments
  • $29,581Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $18,825Total risk weighted assets
  • $132,940Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $18,151Total interest expense
  • $6,467Net interest income
  • $11,684Provision for loan and lease losses
  • $490Total noninterest income
  • $2,171Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,113Trading account gains & fees
  • $0Additional noninterest income
  • $1,058Total noninterest expense
  • $6,738Salaries and employee benefits
  • $2,531Premises and equipment expense
  • $747Additional noninterest expense
  • $3,460Pre-tax net operating income
  • $6,627Securities gains (losses)
  • $142Applicable income taxes
  • $1,803Income before extraordinary items
  • $4,966Extraordinary gains - net
  • $0Net income attributable to bank
  • $4,966Net charge-offs
  • $91Cash dividends
  • $3,800Sale, 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
  • 6.99%Cost of funding earning assets
  • 2.49%Net interest margin
  • 4.50%Noninterest income to earning assets
  • 0.84%Noninterest expense to earning assets
  • 2.59%Net operating income to assets
  • 1.78%Return on assets (ROA)
  • 1.81%Pretax return on assets
  • 2.47%Return on equity (ROE)
  • 28.76%Retained earnings to average equity (YTD only)
  • 6.75%Net charge-offs to loans
  • 0.10%Credit loss provision to net charge-offs
  • 538.46%Efficiency ratio
  • 48,632Assets per employee
  • 2.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 76.52%Loss allowance to loans
  • 1.59%Loss allowance to noncurrent loans
  • 1039.31%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.15%Net loans and leases to deposits
  • 46.58%Net loans and leases to core deposits
  • 48.37%Equity capital to assets
  • 6.08%Core capital (leverage) ratio
  • 6.81%Tier 1 risk-based capital ratio
  • 14.16%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $273,618Average earning assets
  • $17,268Average equity
  • $259,825Average loans

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