The Madison National Bank in Madison Heights, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 16, 1998

  • The Madison National Bank in Madison Heights, Michigan (MI)
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The Madison National Bank - Overview

  • General
  • FDIC Certificate #: 18797
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Peoples State Bank (#14939)
    Federal Reserve ID: 194347
    Date Established: June 08, 1963
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Interstate: No)
    FDIC's unique #: 12658
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: June 08, 1963
    Last Structure Change Effective Date: May 16, 1998
    Last Structure Change Process Date: June 08, 1998
    Last Data Update: June 08, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 1800 East Twelve Mile Road, Madison Heights, MI 48071
    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: $164.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 113Total employees (full-time equivalent)
  • $171,206Total assets
  • $9,256Cash and due from depository institutions
  • $0Interest-bearing balances
  • $19,706Securities
  • $12,500Federal funds sold & reverse repurchase agreements
  • $116,085Net loans & leases
  • $15,000Loan loss allowance
  • $0Trading account assets
  • $5,642Bank premises and fixed assets
  • $302Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $7,715All other assets
  • $171,206Total liabilities and capital
  • $170,722Total liabilities
  • $168,516Total deposits
  • $143,047Interest-bearing deposits
  • $168,516Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $22Other borrowed funds
  • $0Subordinated debt
  • $2,184All other liabilities
  • $484Total equity capital
  • $484Total bank equity capital
  • $484Perpetual preferred stock
  • $0Common stock
  • $804Surplus
  • $774Undivided profits
  • Memoranda
  • $-1,094Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $12,448Earning assets
  • $0Long-term assets (5+ years)
  • $985Average Assets, year-to-date
  • $148,291Average Assets, quarterly
  • $3,653Volatile liabilities
  • $197,610Insider loans
  • $180,776FHLB advances
  • $37,849Loans and leases held for sale
  • $300Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $30,411Total unused commitments
  • $0Restructured Loans and leases
  • $133,267Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $17,652Total interest income
  • $8,115Total interest expense
  • $9,537Net interest income
  • $17,617Provision for loan and lease losses
  • $1,928Total noninterest income
  • $0Fiduciary activities
  • $1,463Service charges on deposit accounts
  • $0Trading account gains & fees
  • $465Additional noninterest income
  • $8,237Total noninterest expense
  • $4,143Salaries and employee benefits
  • $1,160Premises and equipment expense
  • $2,934Additional noninterest expense
  • -$14,389Pre-tax net operating income
  • $0Securities gains (losses)
  • -$921Applicable income taxes
  • -$13,468Income before extraordinary items
  • $0Extraordinary gains - net
  • -$13,468Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $10,117Sale, conversion, retirement of capital stock, net
  • $25Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 10.22%Yield on earning assets
  • 4.70%Cost of funding earning assets
  • 5.52%Net interest margin
  • 1.12%Noninterest income to earning assets
  • 4.77%Noninterest expense to earning assets
  • -6.82%Net operating income to assets
  • -6.82%Return on assets (ROA)
  • -7.28%Pretax return on assets
  • -125.72%Return on equity (ROE)
  • -125.95%Retained earnings to average equity (YTD only)
  • 6.55%Net charge-offs to loans
  • 174.13%Credit loss provision to net charge-offs
  • 0.32%Efficiency ratio
  • 71,845Assets per employee
  • 1.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -0.19%Loss allowance to loans
  • 11.44%Loss allowance to noncurrent loans
  • 120.50%Noncurrent assets plus other real estate owned to assets
  • 7.45%Noncurrent loans to loans
  • 9.50%Net loans and leases to deposits
  • 68.89%Net loans and leases to core deposits
  • 88.83%Equity capital to assets
  • 0.28%Core capital (leverage) ratio
  • 0.16%Tier 1 risk-based capital ratio
  • 0.22%Total risk-based capital ratio
  • Memoranda
  • $0Average assets
  • $197,610Average earning assets
  • $10,713Average equity
  • $172,674Average loans

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