Standard Federal Bank in Troy, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 06, 2001

  • Standard Federal Bank in Troy, Michigan (MI)
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Standard Federal Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 4,219Total employees (full-time equivalent)
  • $20,596,091Total assets
  • $345,077Cash and due from depository institutions
  • $33,087Interest-bearing balances
  • $2,995,586Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $13,992,520Net loans & leases
  • $52,650Loan loss allowance
  • $87,719Trading account assets
  • $197,656Bank premises and fixed assets
  • $15,275Other real estate owned
  • $1,987,475Goodwill and other intangibles
  • $0Life insurance assets
  • $974,783All other assets
  • $20,596,091Total liabilities and capital
  • $18,595,365Total liabilities
  • $12,343,296Total deposits
  • $11,318,271Interest-bearing deposits
  • $12,343,296Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,294,508Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,441,596Other borrowed funds
  • $0Subordinated debt
  • $515,965All other liabilities
  • $2,000,726Total equity capital
  • $2,000,726Total bank equity capital
  • $2,000,726Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $2,077,552Undivided profits
  • Memoranda
  • $-76,826Noncurrent loans and leases
  • $4,489,502Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $117,229Earning assets
  • $0Long-term assets (5+ years)
  • $72,300Average Assets, year-to-date
  • $17,108,912Average Assets, quarterly
  • $0Volatile liabilities
  • $20,344,712Insider loans
  • $20,876,301FHLB advances
  • $9,934,172Loans and leases held for sale
  • $3,920Unused loan commitments
  • $4,230,684Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,489,502Total unused commitments
  • $16,898Restructured Loans and leases
  • $52,650Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $1,278,066Total interest income
  • $872,310Total interest expense
  • $405,756Net interest income
  • $5,792Provision for loan and lease losses
  • $267,574Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $267,574Additional noninterest income
  • $556,796Total noninterest expense
  • $159,449Salaries and employee benefits
  • $168,881Premises and equipment expense
  • $228,466Additional noninterest expense
  • $110,742Pre-tax net operating income
  • $67,338Securities gains (losses)
  • $81,994Applicable income taxes
  • $96,086Income before extraordinary items
  • $0Extraordinary gains - net
  • $96,086Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $4,486Sale, conversion, retirement of capital stock, net
  • $164,000Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.46%Yield on earning assets
  • 5.09%Cost of funding earning assets
  • 2.37%Net interest margin
  • 1.56%Noninterest income to earning assets
  • 3.25%Noninterest expense to earning assets
  • 0.26%Net operating income to assets
  • 0.47%Return on assets (ROA)
  • 0.88%Pretax return on assets
  • 4.99%Return on equity (ROE)
  • -3.52%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 129.11%Credit loss provision to net charge-offs
  • 25.98%Efficiency ratio
  • 71,192Assets per employee
  • 4.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 170.68%Loss allowance to loans
  • 0.37%Loss allowance to noncurrent loans
  • 44.91%Noncurrent assets plus other real estate owned to assets
  • 0.64%Noncurrent loans to loans
  • 0.83%Net loans and leases to deposits
  • 113.36%Net loans and leases to core deposits
  • 171.79%Equity capital to assets
  • 9.71%Core capital (leverage) ratio
  • 6.08%Tier 1 risk-based capital ratio
  • 11.20%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $20,344,712Average earning assets
  • $1,927,338Average equity
  • $17,125,269Average loans

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