Oxford Bank in Oxford, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


Oxford Bank - Overview

  • General
  • FDIC Certificate #: 9719
    Status: Active
    Federal Reserve ID: 448040
    Bank Holding Company (Regulatory Top Holder): Oxford Bank Corporation (RSSDID: 1249383, Location: Oxford, MI)
    Date Established: June 04, 1884
    WWW: http://www.oxfordbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Domestic: 11, Interstate: No)
    OTS Docket #: 12402
    FDIC's unique #: 6216
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 22, 2009
    Last Structure Change Process Date: October 07, 2009
    Last Data Update: October 07, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 60 South Washington Street, Oxford, MI 48371
    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: $264.3 mil
    Equity capital: $11.1 mil
    Deposits held in domestic offices: $250.5 mil
    Return on assets (ROA): 1.47% ($3.9 mil)
    Quarterly return on assets: 1.88% ($5.0 mil)
    Return on Equity (ROE): 39.88% ($4.4 mil)
    Quarterly return on equity: 45.33% ($5.0 mil)
    Net income: $4.0 mil
    Quarterly Net income: $1.3 mil
    Pretax return on assets: 1.47% ($3,885.3 mil)
    Quarterly Pretax return on assets: 1.88% ($4,968.9 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, 2011)

  • Dollar figures in thousands
  • 74Total employees (full-time equivalent)
  • $264,303Total assets
  • $54,519Cash and due from depository institutions
  • $47,770Interest-bearing balances
  • $14,224Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $172,646Net loans & leases
  • $4,871Loan loss allowance
  • $0Trading account assets
  • $8,349Bank premises and fixed assets
  • $12,446Other real estate owned
  • $0Goodwill and other intangibles
  • $264,303Life insurance assets
  • $2,119All other assets
  • $253,243Total liabilities and capital
  • $250,529Total liabilities
  • $222,590Total deposits
  • $250,529Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,714Subordinated debt
  • $11,060All other liabilities
  • $11,060Total equity capital
  • $11,060Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $19,175Surplus
  • $-10,115Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,209Income earned, not collected on loans
  • $0Earning assets
  • $782Long-term assets (5+ years)
  • $234,640Average Assets, year-to-date
  • $16,941Average Assets, quarterly
  • $274,896Volatile liabilities
  • $268,729Insider loans
  • $189,166FHLB advances
  • $264,255Loans and leases held for sale
  • $3Unused loan commitments
  • $3Tier 1 (core) risk-based capital
  • $11,020Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,468Restructured Loans and leases
  • $3,393Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,307Total interest income
  • $1,631Total interest expense
  • $9,676Net interest income
  • -$2,832Provision for loan and lease losses
  • $1,173Total noninterest income
  • $0Fiduciary activities
  • $618Service charges on deposit accounts
  • $0Trading account gains & fees
  • $555Additional noninterest income
  • $9,649Total noninterest expense
  • $3,658Salaries and employee benefits
  • $1,600Premises and equipment expense
  • $4,391Additional noninterest expense
  • $4,032Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $4,032Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,032Net income attributable to bank
  • $0Net charge-offs
  • $4,032Cash dividends
  • $1,610Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.63%Yield on earning assets
  • 0.67%Cost of funding earning assets
  • 3.96%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 3.95%Noninterest expense to earning assets
  • 1.47%Net operating income to assets
  • 1.47%Return on assets (ROA)
  • 1.47%Pretax return on assets
  • 39.88%Return on equity (ROE)
  • 39.88%Retained earnings to average equity (YTD only)
  • 0.89%Net charge-offs to loans
  • -175.90%Credit loss provision to net charge-offs
  • 0.75%Efficiency ratio
  • 88,939Assets per employee
  • 3.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.74%Loss allowance to noncurrent loans
  • 93.51%Noncurrent assets plus other real estate owned to assets
  • 6.68%Noncurrent loans to loans
  • 2.93%Net loans and leases to deposits
  • 68.91%Net loans and leases to core deposits
  • 69.79%Equity capital to assets
  • 4.18%Core capital (leverage) ratio
  • 4.17%Tier 1 risk-based capital ratio
  • 5.83%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $274,896Average earning assets
  • $10,111Average equity
  • $244,128Average loans

List of branches

  • 11 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06216Oxford Bank60 South Washington Street, Oxford, MI 48371June 04, 1884Full Service Brick and Mortar
    1221083Lake Orion Branch1115 South Lapeer Road, Lake Orion, MI 48360May 21, 1973Full Service Brick and Mortar
    2221084Addison-Oaks Branch35 Rochester Road, Oakland Township, MI 48363September 13, 1976Full Service Brick and Mortar
    3221085Clarkston Branch7199 North Main Street, Clarkston, MI 48346June 08, 1987Full Service Brick and Mortar
    4221086South Washington Street Branch64 South Washington Street, Oxford, MI 48051April 10, 1989Full Service Brick and Mortar
    5221087Ortonville Branch345 Ortonville Road, Ortonville, MI 48462October 01, 1990Full Service Brick and Mortar
    6221088Dryden Branch5459 Main Street, Dryden, MI 48428January 23, 1995Full Service Brick and Mortar
    7365887Independence Village Retirement Comm701 Market Street, Oxford, MI 48371September 24, 2002Full Service Brick and Mortar
    8442940Goodrich Branch8125 State Road, Goodrich, MI 48438June 30, 2005Limited Service Mobile
    9453037Davison Branch600 North State Road, Davison, MI 48423July 25, 2005Limited Service Mobile
    10478543Commercial Banking Center Branch720 North Lapeer Road, Suite 201, Lake Orion, MI 48362July 01, 2007Limited Service Administrative

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