United Bank & Trust -Washtenaw in Ann Arbor, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2010

  • United Bank & Trust -Washtenaw in Ann Arbor, Michigan (MI)
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United Bank & Trust -Washtenaw - Overview

  • General
  • FDIC Certificate #: 57133
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Bank & Trust (#13177)
    Federal Reserve ID: 2978297
    Date Established: April 02, 2001
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    FDIC's unique #: 358404
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 02, 2001
    Last Structure Change Effective Date: April 01, 2010
    Last Structure Change Process Date: April 08, 2010
    Last Data Update: April 08, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 2723 South State 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: $389.4 mil

2000 - 2011 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, 2009)

  • Dollar figures in thousands
  • 45Total employees (full-time equivalent)
  • $393,820Total assets
  • $43,363Cash and due from depository institutions
  • $39,477Interest-bearing balances
  • $17,809Securities
  • $295Federal funds sold & reverse repurchase agreements
  • $317,432Net loans & leases
  • $7,605Loan loss allowance
  • $0Trading account assets
  • $3,900Bank premises and fixed assets
  • $322Other real estate owned
  • $138Goodwill and other intangibles
  • $2,596Life insurance assets
  • $10,561All other assets
  • $393,820Total liabilities and capital
  • $360,103Total liabilities
  • $339,573Total deposits
  • $290,845Interest-bearing deposits
  • $339,573Deposits held in domestic offices
  • 76.90%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $19,400Other borrowed funds
  • $0Subordinated debt
  • $1,130All other liabilities
  • $33,717Total equity capital
  • $33,717Total bank equity capital
  • $33,717Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $25,600Undivided profits
  • Memoranda
  • $6,117Noncurrent loans and leases
  • $32,910Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9,862Earning assets
  • $0Long-term assets (5+ years)
  • $1,392Average Assets, year-to-date
  • $375,013Average Assets, quarterly
  • $34,053Volatile liabilities
  • $371,453Insider loans
  • $389,047FHLB advances
  • $83,452Loans and leases held for sale
  • $6,674Unused loan commitments
  • $17,000Tier 1 (core) risk-based capital
  • $8,750Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $32,910Total unused commitments
  • $471Restructured Loans and leases
  • $4,012Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $19,206Total interest income
  • $5,530Total interest expense
  • $13,676Net interest income
  • $7,270Provision for loan and lease losses
  • $5,348Total noninterest income
  • $0Fiduciary activities
  • $622Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,726Additional noninterest income
  • $14,098Total noninterest expense
  • $4,307Salaries and employee benefits
  • $1,523Premises and equipment expense
  • $8,268Additional noninterest expense
  • -$2,344Pre-tax net operating income
  • $0Securities gains (losses)
  • -$886Applicable income taxes
  • -$1,458Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,458Net income attributable to bank
  • $0Net charge-offs
  • -$1,458Cash dividends
  • $6,389Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.45%Yield on earning assets
  • 1.57%Cost of funding earning assets
  • 3.88%Net interest margin
  • 1.52%Noninterest income to earning assets
  • 4.00%Noninterest expense to earning assets
  • -0.39%Net operating income to assets
  • -0.39%Return on assets (ROA)
  • -0.63%Pretax return on assets
  • -4.44%Return on equity (ROE)
  • -4.44%Retained earnings to average equity (YTD only)
  • 1.97%Net charge-offs to loans
  • 113.79%Credit loss provision to net charge-offs
  • 0.77%Efficiency ratio
  • 63,625Assets per employee
  • 8.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.34%Loss allowance to noncurrent loans
  • 77.11%Noncurrent assets plus other real estate owned to assets
  • 2.59%Noncurrent loans to loans
  • 3.03%Net loans and leases to deposits
  • 93.48%Net loans and leases to core deposits
  • 120.69%Equity capital to assets
  • 8.56%Core capital (leverage) ratio
  • 8.65%Tier 1 risk-based capital ratio
  • 10.56%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $371,453Average earning assets
  • $32,858Average equity
  • $352,681Average loans

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