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- Banks in Michigan (MI)
- United Bank & Trust -Washtenaw
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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- Banks in Michigan (MI)
- United Bank & Trust -Washtenaw
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