Signature Bank
Bad Axe, MI — Non-member Bank
Acquired Feb 2015
Vitals
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Total Assets230.2M -1.3 %
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Total Deposits201.8M -2.1 %
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Total Net Loans170.0M 1.0 %
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Net Income1.1M 16.2 %
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Book Value22.4M 6.1 %
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Book Value x244.7M 6.1 %
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Book Value x367.1M 6.1 %
Balance Sheet Highlights
Financial Highlights | Signature Bank | All Insured Commercial Banks in Michigan |
Balance Sheet $(000) | ||
Total Assets | 230,180 | 277,560 |
Total Net Loans | 169,972 | 183,072 |
Total Deposits | 201,769 | 232,939 |
Total Equity | 22,359 | 29,840 |
Profitability | ||
Net Income | 1,062 | 2,636 |
Return on Average Assets | .459 | .807 |
Return on Average Equity | 4.926 | 7.464 |
Net Interest Margin | 4.105 | 3.836 |
Efficiency Ratio | 88.851 | 75.309 |
Noninterest Income/Revenue | 8 | 20.656 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 84.241 | 75.158 |
Securities/Assets | .147 | .188 |
Total Equity/Total Assets | .097 | .108 |
Tangible Equity/Tangible Assets | .097 | .104 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 22,476 | 27,827 |
Tier 2 Capital | 2,089 | 2,263 |
Total Capital | 24,565 | 30,075 |
Total Risk Weighted Assets | 165,332 | 193,304 |
Leverage Ratio | 9.72 | 10.409 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 13.59 | 16.22 |
Total Capital Ratio | 14.86 | 17.374 |
Timeline for Signature Bank
Talmer Bank And Trust
Signature Bank was acquired by Talmer Bank And Trust 9 years
View Profile Feb 07 2015Signature Mortgage, Llc
Signature Mortgage, Llc became a new subsidiary organization for Signature Bank.
View Profile Jan 05 2004Signature Agency, Inc.
Signature Agency, Inc. became a new subsidiary organization for Signature Bank.
View Profile Sep 27 1996First National Bank Of Bad Axe
Acquisition: Signature Bank acquired a new subsidiary, First National Bank Of Bad Axe, 30 years
View Profile Jun 26 1993First Of Huron Leasing, Inc.
First Of Huron Leasing, Inc. became a new subsidiary organization for Signature Bank.
View Profile Jun 26 1993Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Talmer Bank And Trust | Buyer | 7,590,654 | Acquisition | Discontinued | 2/7/2015 |
First National Bank Of Bad Axe | Seller | 104,045 | Discontinued | 6/26/1993 |
Relationships | Role | Relationship Start | Relationship End |
First Of Huron Corp. | Parent | 9/30/1991 | 2/6/2015 |
First Of Huron Leasing, Inc. | Subsidary | 6/30/2007 | 2/6/2015 |
Signature Agency, Inc. | Subsidary | 6/30/2007 | 2/6/2015 |
Signature Mortgage, Llc | Subsidary | 1/5/2004 | 3/31/2011 |
First Of Huron Leasing, Inc. | Subsidary | 6/26/1993 | 6/29/2007 |
Signature Agency, Inc. | Subsidary | 9/27/1996 | 6/29/2007 |
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