Fidelity Bank
Dearborn, MI — Non-member Bank
Acquired Mar 2012
Vitals
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Total Assets818.2M -10.5 %
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Total Deposits747.6M -8.0 %
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Total Net Loans615.5M -13.4 %
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Net Income-22642000.0000 -65.9 %
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Book Value15.2M -57.3 %
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Book Value x230.4M -57.3 %
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Book Value x345.6M -57.3 %
Balance Sheet Highlights
Financial Highlights | Fidelity Bank | All Insured Commercial Banks in Michigan |
Balance Sheet $(000) | ||
Total Assets | 818,237 | 245,820 |
Total Net Loans | 615,492 | 161,770 |
Total Deposits | 747,640 | 208,975 |
Total Equity | 15,193 | 23,244 |
Profitability | ||
Net Income | -22,642 | 1,316 |
Return on Average Assets | -2.646 | .514 |
Return on Average Equity | -99.826 | 4.933 |
Net Interest Margin | 3.99 | 4.046 |
Efficiency Ratio | 83.296 | 73.486 |
Noninterest Income/Revenue | .54 | 14.952 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 82.325 | 76.078 |
Securities/Assets | .039 | .159 |
Total Equity/Total Assets | .019 | .095 |
Tangible Equity/Tangible Assets | .019 | .092 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 15,313 | 21,467 |
Tier 2 Capital | 8,772 | 2,098 |
Total Capital | 24,085 | 23,553 |
Total Risk Weighted Assets | 666,549 | 166,736 |
Leverage Ratio | 1.86 | 9.746 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 2.3 | 15.076 |
Total Capital Ratio | 3.61 | 16.307 |
Timeline for Fidelity Bank
The Huntington National Bank
Fidelity Bank was acquired by The Huntington National Bank 12 years
View Profile Mar 31 2012Fidelity Bank
Acquisition: Fidelity Bank acquired a new subsidiary, Fidelity Bank, 17 years
View Profile Jan 05 2007Bank Of Washtenaw
Acquisition: Fidelity Bank acquired a new subsidiary, Bank Of Washtenaw, 19 years
View Profile Oct 30 2004Community Bank Audit Services, Inc.
Community Bank Audit Services, Inc. became a new subsidiary organization for Fidelity Bank.
View Profile Mar 26 2002Community Bank Mortgage, Inc.
Community Bank Mortgage, Inc. became a new subsidiary organization for Fidelity Bank.
View Profile May 01 2001Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
The Huntington National Bank | Buyer | 100,416,340 | Failure | 3/31/2012 | |
Fidelity Bank | Seller | 218,041 | Acquisition | Discontinued | 1/5/2007 |
Bank Of Washtenaw | Seller | 76,446 | Acquisition | Discontinued | 10/30/2004 |
Relationships | Role | Relationship Start | Relationship End |
Dearborn Bancorp, Inc. | Parent | 2/28/1994 | 3/30/2012 |
Community Bank Insurance Agency, Inc. | Subsidary | 6/30/2007 | 3/30/2012 |
Community Bank Audit Services, Inc. | Subsidary | 6/30/2007 | 3/30/2012 |
Community Bank Mortgage, Inc. | Subsidary | 6/30/2007 | 1/1/2009 |
Community Bank Insurance Agency, Inc. | Subsidary | 8/19/1997 | 6/29/2007 |
Community Bank Mortgage, Inc. | Subsidary | 5/1/2001 | 6/29/2007 |
Community Bank Audit Services, Inc. | Subsidary | 3/26/2002 | 6/29/2007 |
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