Warren Bank in Warren, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 02, 2009

  • Warren Bank in Warren, Michigan (MI)
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Warren Bank - Overview

  • General
  • FDIC Certificate #: 34824
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: The Huntington National Bank (#6560)
    Federal Reserve ID: 2685504
    Date Established: October 07, 1998
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Interstate: No)
    FDIC's unique #: 61736
    Numeric code: 13
    Regulator: FED
    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: October 07, 1998
    Last Structure Change Effective Date: October 02, 2009
    Last Structure Change Process Date: October 05, 2009
    Last Data Update: October 05, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 30068 Schoenherr Road, Warren, MI 48088
    County: Macomb
    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)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $504.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)

  • Dollar figures in thousands
  • 110Total employees (full-time equivalent)
  • $604,387Total assets
  • $4,623Cash and due from depository institutions
  • $1,210Interest-bearing balances
  • $130,651Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $411,785Net loans & leases
  • $19,104Loan loss allowance
  • $0Trading account assets
  • $12,662Bank premises and fixed assets
  • $11,687Other real estate owned
  • $0Goodwill and other intangibles
  • $12,641Life insurance assets
  • $32,979All other assets
  • $604,387Total liabilities and capital
  • $572,218Total liabilities
  • $499,391Total deposits
  • $486,084Interest-bearing deposits
  • $499,391Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,797Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $60,350Other borrowed funds
  • $0Subordinated debt
  • $6,680All other liabilities
  • $32,169Total equity capital
  • $32,169Total bank equity capital
  • $32,169Perpetual preferred stock
  • $0Common stock
  • $5,000Surplus
  • $50,000Undivided profits
  • Memoranda
  • $-22,831Noncurrent loans and leases
  • $48,036Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $88,494Earning assets
  • $0Long-term assets (5+ years)
  • $2,322Average Assets, year-to-date
  • $543,646Average Assets, quarterly
  • $135,619Volatile liabilities
  • $609,207Insider loans
  • $616,231FHLB advances
  • $226,959Loans and leases held for sale
  • $17,470Unused loan commitments
  • $60,350Tier 1 (core) risk-based capital
  • $47,206Tier 2 risk-based capital
  • $26,484Total risk weighted assets
  • $48,036Total unused commitments
  • $6,678Restructured Loans and leases
  • $6,029Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $31,396Total interest income
  • $20,022Total interest expense
  • $11,374Net interest income
  • $15,214Provision for loan and lease losses
  • $3,471Total noninterest income
  • $0Fiduciary activities
  • $506Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,965Additional noninterest income
  • $21,647Total noninterest expense
  • $6,438Salaries and employee benefits
  • $1,278Premises and equipment expense
  • $13,931Additional noninterest expense
  • -$22,016Pre-tax net operating income
  • $113Securities gains (losses)
  • -$2,068Applicable income taxes
  • -$19,835Income before extraordinary items
  • $0Extraordinary gains - net
  • -$19,835Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $22,269Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.67%Yield on earning assets
  • 3.62%Cost of funding earning assets
  • 2.05%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 3.91%Noninterest expense to earning assets
  • -3.27%Net operating income to assets
  • -3.26%Return on assets (ROA)
  • -3.60%Pretax return on assets
  • -45.15%Return on equity (ROE)
  • -45.15%Retained earnings to average equity (YTD only)
  • 5.05%Net charge-offs to loans
  • 68.32%Credit loss provision to net charge-offs
  • -0.31%Efficiency ratio
  • 145,820Assets per employee
  • 5.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.43%Loss allowance to noncurrent loans
  • 21.59%Noncurrent assets plus other real estate owned to assets
  • 16.58%Noncurrent loans to loans
  • 20.54%Net loans and leases to deposits
  • 82.46%Net loans and leases to core deposits
  • 129.40%Equity capital to assets
  • 5.32%Core capital (leverage) ratio
  • 4.75%Tier 1 risk-based capital ratio
  • 6.16%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $609,207Average earning assets
  • $43,928Average equity
  • $553,645Average loans

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