Warren Bank
Warren, MI — State Member Bank
Acquired Oct 2009
Vitals
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Total Assets504.8M -19.6 %
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Total Deposits467.8M -7.8 %
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Total Net Loans362.7M -10.3 %
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Net Income
-
Book Value7.3M -84.0 %
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Book Value x214.7M -84.0 %
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Book Value x322.0M -84.0 %
Balance Sheet Highlights
| Financial Highlights | Warren Bank | All Insured Commercial Banks in Michigan |
| Balance Sheet $(000) | ||
| Total Assets | 504,816 | 232,458 |
| Total Net Loans | 362,746 | 174,125 |
| Total Deposits | 467,767 | 192,312 |
| Total Equity | 7,331 | 21,108 |
| Profitability | ||
| Net Income | — | 1,371 |
| Return on Average Assets | — | 1.212 |
| Return on Average Equity | — | 7.763 |
| Net Interest Margin | 1.264 | 3.707 |
| Efficiency Ratio | 196.694 | 81.121 |
| Noninterest Income/Revenue | 13.61 | 20.298 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 77.548 | 85.047 |
| Securities/Assets | .129 | .321 |
| Total Equity/Total Assets | .015 | .091 |
| Tangible Equity/Tangible Assets | .015 | .041 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 5,694 | 19,501 |
| Tier 2 Capital | 5,583 | 2,451 |
| Total Capital | 11,277 | 21,644 |
| Total Risk Weighted Assets | 435,154 | 172,474 |
| Leverage Ratio | 1.09 | 9.373 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 1.31 | 13.276 |
| Total Capital Ratio | 2.59 | 14.504 |
Timeline for Warren Bank
Warren Bank was acquired by 14 years
Oct 03 2009
The Huntington National Bank
Warren Bank was acquired by The Huntington National Bank 14 years
View Profile Oct 03 2009
Warren Mortgage Co, Llc
Warren Mortgage Co, Llc became a new subsidiary organization for Warren Bank.
View Profile Nov 01 2002
Warren Bancorp, Inc.
Warren Bancorp, Inc. became a new parent organization for Warren Bank.
View Profile Oct 12 1998
Warren Bank
Warren Bank was established 25 years ago and is currently headquartered in Warren, MI.
Oct 07 1998| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| The Huntington National Bank | Buyer | 100,416,340 | Failure | 10/3/2009 |
| Relationships | Role | Relationship Start | Relationship End |
| Warren Bancorp, Inc. | Parent | 10/12/1998 | 10/2/2009 |
| Warren Mortgage Co, Llc | Subsidary | 11/1/2002 | 10/2/2009 |
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