Republic Bank Ann Arbor in Ann Arbor, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 1993

  • Republic Bank Ann Arbor in Ann Arbor, Michigan (MI)
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Republic Bank Ann Arbor - Overview

  • General
  • FDIC Certificate #: 26965
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Republic Bank (#20001)
    Federal Reserve ID: 646341
    Date Established: June 01, 1987
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 36379
    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: June 01, 1987
    Last Structure Change Effective Date: October 01, 1993
    Last Structure Change Process Date: October 26, 1993
    Last Data Update: October 26, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 122 South Main Street, Ann Arbor, MI 48104
    County: Washtenaw
    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): Ann Arbor, MI (#11460)
    CBSA Metro Statistical Area: Ann Arbor, MI (#11460)
  • Financial Summary
  • Total assets: $57.0 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $23Total assets
  • $61,926Cash and due from depository institutions
  • $2,714Interest-bearing balances
  • $0Securities
  • $4,945Federal funds sold & reverse repurchase agreements
  • $10,350Net loans & leases
  • $43,205Loan loss allowance
  • $302Trading account assets
  • $0Bank premises and fixed assets
  • $266Other real estate owned
  • $0Goodwill and other intangibles
  • $446Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $61,926Total liabilities
  • $57,385Total deposits
  • $56,415Interest-bearing deposits
  • $53,947Deposits held in domestic offices
  • 56415.00%% insured (estimated)
  • $86Federal funds purchased & repurchase agreements
  • $250Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $720Total equity capital
  • $720Total bank equity capital
  • $4,541Perpetual preferred stock
  • $1,500Common stock
  • $952Surplus
  • $1,048Undivided profits
  • Memoranda
  • $1,041Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $218Earning assets
  • $58,500Long-term assets (5+ years)
  • $4,341Average Assets, year-to-date
  • $53,005Average Assets, quarterly
  • $60,117Volatile liabilities
  • $17,166Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $11,485Unused loan commitments
  • $6,680Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,541Total risk weighted assets
  • $30,033Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,935Total interest expense
  • $2,245Net interest income
  • $1,690Provision for loan and lease losses
  • $81Total noninterest income
  • $1,223Fiduciary activities
  • $0Service charges on deposit accounts
  • $18Trading account gains & fees
  • $0Additional noninterest income
  • $1,205Total noninterest expense
  • $1,930Salaries and employee benefits
  • $1,120Premises and equipment expense
  • $233Additional noninterest expense
  • $577Pre-tax net operating income
  • $902Securities gains (losses)
  • $402Applicable income taxes
  • $446Income before extraordinary items
  • $858Extraordinary gains - net
  • $0Net income attributable to bank
  • $858Net charge-offs
  • $0Cash dividends
  • $114Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.67%Cost of funding earning assets
  • 4.38%Net interest margin
  • 3.30%Noninterest income to earning assets
  • 2.39%Noninterest expense to earning assets
  • 3.76%Net operating income to assets
  • 1.12%Return on assets (ROA)
  • 1.62%Pretax return on assets
  • 2.46%Return on equity (ROE)
  • 22.18%Retained earnings to average equity (YTD only)
  • 19.23%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 66,255Assets per employee
  • 2.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 13.29%Loss allowance to loans
  • 0.69%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 76.58%Net loans and leases to core deposits
  • 109.38%Equity capital to assets
  • 7.33%Core capital (leverage) ratio
  • 7.43%Tier 1 risk-based capital ratio
  • 15.12%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $53,005Average earning assets
  • $3,869Average equity
  • $51,271Average loans

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