Standard Federal Bank in Troy, Michigan (MI)



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Standard Federal Bank
GeneralFDIC Certificate #: 27714
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: LaSalle Bank Midwest National Association (#22488)
Federal Reserve ID: 216771
Date Established: January 01, 1890
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 161
FDIC's unique #: 40548
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: March 13, 1939
Last Structure Change Effective Date: October 06, 2001
Last Structure Change Process Date: October 22, 2001
Last Data Update: October 22, 2001
Data Source Date: April 05, 2012
LocationAddress: 2600 West Big Beaver Road, Troy, MI 48007
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 SummaryTotal assets: $23,533.2 mil

1992 - 1999 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, 2000)
(Dollar figures in thousands)
Total employees (full-time equivalent)4,219
Total assets$20,596,091
Cash and due from depository institutions$345,077
Interest-bearing balances$33,087
Securities$2,995,586
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$13,992,520
Loan loss allowance $52,650
Trading account assets$87,719
Bank premises and fixed assets$197,656
Other real estate owned$15,275
Goodwill and other intangibles$1,987,475
All other assets$974,783
Life insurance assets$0
Total liabilities and capital$20,596,091
Total liabilities$18,595,365
Total deposits$12,343,296
Interest-bearing deposits$11,318,271
Deposits held in domestic offices$12,343,296
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $1,294,508
Trading liabilities$0
Other borrowed funds $4,441,596
Subordinated debt $0
All other liabilities $515,965
Total equity capital$2,000,726
Total bank equity capital$2,000,726
Perpetual preferred stock$2,000,726
Common stock$0
Surplus$0
Undivided profits $2,077,552
Memoranda
Noncurrent loans and leases $-76,826
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $4,489,502
Income earned, not collected on loans $0
Earning assets $117,229
Long-term assets (5+ years) $0
Average Assets, year-to-date $72,300
Average Assets, quarterly $17,108,912
Volatile liabilities $0
Insider loans $20,344,712
FHLB advances $20,876,301
Loans and leases held for sale $9,934,172
Unused loan commitments $3,920
Tier 1 (core) risk-based capital $4,230,684
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $4,489,502
Restructured Loans and leases $16,898
Derivatives$52,650
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Income and Expense (December 31, 2000)
(Dollar figures in thousands)
Total interest income $1,278,066
Total interest expense $872,310
Net interest income $405,756
Provision for loan and lease losses $5,792
Total noninterest income $267,574
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $267,574
Total noninterest expense $556,796
Salaries and employee benefits $159,449
Premises and equipment expense $168,881
Additional noninterest expense $228,466
Pre-tax net operating income $110,742
Securities gains (losses) $67,338
Applicable income taxes $81,994
Income before extraordinary items $96,086
Extraordinary gains - net $0
Net income attributable to bank $96,086
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $4,486
Net operating income $164,000
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Performance and Condition Ratios (December 31, 2000)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.46%
Cost of funding earning assets 5.09%
Net interest margin 2.37%
Noninterest income to earning assets 1.56%
Noninterest expense to earning assets 3.25%
Net operating income to assets 0.26%
Return on assets (ROA) 0.47%
Pretax return on assets 0.88%
Return on equity (ROE) 4.99%
Retained earnings to average equity (YTD only) -3.52%
Net charge-offs to loans 0.03%
Credit loss provision to net charge-offs 129.11%
Efficiency ratio25.98%
Assets per employee$71,192
Cash dividends to net income (YTD only)4.88%
Condition Ratios (%)
Loss allowance to loans 170.68%
Loss allowance to noncurrent loans 0.37%
Noncurrent assets plus other real estate owned to assets 44.91%
Noncurrent loans to loans 0.64%
Net loans and leases to deposits0.83%
Net loans and leases to core deposits 113.36%
Equity capital to assets 171.79%
Core capital (leverage) ratio 9.71%
Tier 1 risk-based capital ratio 6.08%
Total risk-based capital ratio 11.20%
Memoranda
Average assets$12
Average earning assets$20,344,712
Average equity $1,927,338
Average loans $17,125,269
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