The Empire National Bank of Traverse City in Traverse City, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 23, 2000

  • The Empire National Bank of Traverse City in Traverse City, Michigan (MI)
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The Empire National Bank of Traverse City - Overview

  • General
  • FDIC Certificate #: 12909
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Huntington National Bank (#6560)
    Federal Reserve ID: 537542
    Date Established: January 01, 1912
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 11 (Interstate: No)
    OTS Docket #: 11276
    FDIC's unique #: 8169
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 23, 2000
    Last Structure Change Process Date: July 06, 2000
    Last Data Update: July 06, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 1227 East Front Street, Traverse City, MI 49684
    County: Grand Traverse
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Grand Rapids
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Traverse City, MI (#45900)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $503.1 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, 1999)

  • Dollar figures in thousands
  • 222Total employees (full-time equivalent)
  • $503,795Total assets
  • $19,174Cash and due from depository institutions
  • $551Interest-bearing balances
  • $100,500Securities
  • $3,300Federal funds sold & reverse repurchase agreements
  • $363,319Net loans & leases
  • $5,400Loan loss allowance
  • $0Trading account assets
  • $5,054Bank premises and fixed assets
  • $307Other real estate owned
  • $1,989Goodwill and other intangibles
  • $0Life insurance assets
  • $10,152All other assets
  • $503,795Total liabilities and capital
  • $463,109Total liabilities
  • $422,056Total deposits
  • $351,527Interest-bearing deposits
  • $422,056Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $30,000Other borrowed funds
  • $0Subordinated debt
  • $8,053All other liabilities
  • $40,686Total equity capital
  • $40,686Total bank equity capital
  • $40,686Perpetual preferred stock
  • $0Common stock
  • $3,651Surplus
  • $4,012Undivided profits
  • Memoranda
  • $33,023Noncurrent loans and leases
  • $114,705Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,956Earning assets
  • $0Long-term assets (5+ years)
  • $1,673Average Assets, year-to-date
  • $467,670Average Assets, quarterly
  • $53,793Volatile liabilities
  • $491,410Insider loans
  • $504,695FHLB advances
  • $40,390Loans and leases held for sale
  • $4,393Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,218Total risk weighted assets
  • $114,705Total unused commitments
  • $224Restructured Loans and leases
  • $5,204Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $38,007Total interest income
  • $16,441Total interest expense
  • $21,566Net interest income
  • $701Provision for loan and lease losses
  • $8,482Total noninterest income
  • $3,179Fiduciary activities
  • $1,651Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,652Additional noninterest income
  • $18,139Total noninterest expense
  • $10,862Salaries and employee benefits
  • $2,148Premises and equipment expense
  • $5,129Additional noninterest expense
  • $11,208Pre-tax net operating income
  • -$138Securities gains (losses)
  • $3,658Applicable income taxes
  • $7,412Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,412Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $126Sale, conversion, retirement of capital stock, net
  • $3,450Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.29%Yield on earning assets
  • 3.59%Cost of funding earning assets
  • 4.71%Net interest margin
  • 1.85%Noninterest income to earning assets
  • 3.96%Noninterest expense to earning assets
  • 1.53%Net operating income to assets
  • 1.51%Return on assets (ROA)
  • 2.25%Pretax return on assets
  • 18.80%Return on equity (ROE)
  • 10.05%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 556.35%Credit loss provision to net charge-offs
  • 94.52%Efficiency ratio
  • 60,234Assets per employee
  • 2.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.55%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 276.07%Noncurrent assets plus other real estate owned to assets
  • 0.45%Noncurrent loans to loans
  • 0.53%Net loans and leases to deposits
  • 86.08%Net loans and leases to core deposits
  • 92.29%Equity capital to assets
  • 8.08%Core capital (leverage) ratio
  • 8.17%Tier 1 risk-based capital ratio
  • 10.07%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $491,410Average earning assets
  • $39,415Average equity
  • $458,198Average loans

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