Oxford Bank - FDIC Certificate Number: 9719
Federal Financial Institutions Examination Council
Board of Governors of the Federal Reserve System | OMB Number: 7100-0036 |
Federal Deposit Insurance Corporation | OMB Number: 3064-0052 |
Office of the Comptroller of the Currency | OMB Number: 1557-0081 |
Approval expires December 31, 2024 | |
Page 1 of 63 |
Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only and Total Assets Less than $5 Billion - FFIEC 051
Report at the close of business June 30, 2022 | (20220630) | |
(RCON 9999) | ||
This report is required by law: 12 U.S.C. §324 (State member banks); | less than $5 billion, except such banks that (1) are advanced ap- | |
12 U.S.C. §1817 (State nonmember banks); 12 U.S.C. §161 (National | proaches institutions or are subject to Category III capital standards | |
banks); and 12 U.S.C §1464 (Savings associations). Unless the | for regulatory capital purposes, (2) are large or highly complex insti- | |
context indicates otherwise, the term "bank" in this report form | tutions for deposit insurance assessment purposes, or (3) have | |
refers to both banks and savings associations. This report form | elected, or have been required by their primary federal regulator, | |
is to be filed by banks with domestic offices only and total assets | to file the FFIEC 041. | |
NOTE: Each bank's board of directors and senior management are | We, the undersigned directors (trustees), attest to the correctness | |
responsible for establishing and maintaining an effective system of | of the Reports of Condition and Income (including the supporting | |
internal control, including controls over the Reports of Condition and | schedules) for this report date and declare that the Reports of | |
Income. The Reports of Condition and Income are to be prepared in | Condition and Income have been examined by us and to the best of | |
accordance with federal regulatory authority instructions. The Reports | our knowledge and belief have been prepared in conformance with | |
of Condition and Income must be signed by the Chief Financial | the instructions issued by the appropriate Federal regulatory | |
Officer (CFO) of the reporting bank (or by the individual performing an | authority and are true and correct. | |
equivalent function) and attested to by not less than two directors | ||
(trustees) for state nonmember banks and three directors for state | ||
member banks, national banks, and savings associations. | ||
I, the undersigned CFO (or equivalent) of the named bank, attest | Director (Trustee) | |
that the Reports of Condition and Income (including the supporting | ||
schedules) for this report date have been prepared in conformance | Director (Trustee) | |
with the instructions issued by the appropriate Federal regulatory | ||
authority and are true and correct to the best of my knowledge | ||
and belief. | Director (Trustee) | |
Signature of Chief Financial Officer (or Equivalent) | ||
Date of Signature |
Submission of Reports
Each bank must file its Reports of Condition and Income (Call Report) data by either:
To fulfill the signature and attestation requirement for the Reports
of Condition and Income for this report date, attach your bank's completed signature page (or a photocopy or a computer generated
- Using computer software to prepare its Call Report and then submitting the report data directly to the FFIEC's Central Data Repository (CDR), an Internet-based system for data collection (https://cdr.ffiec.gov/cdr/), or
(b)Completing its Call Report in paper form and arranging with a software vendor or another party to convert the data into the electronic format that can be processed by the CDR. The software vendor or other party then must electronically submit the bank's data file to the CDR.
For technical assistance with submissions to the CDR, please contact the CDR Help Desk by telephone at (888) CDR-3111, by
fax at (703) 774-3946, or by e-mail at cdr.help@cdr.ffiec.gov.
FDIC Certificate Number | 0 | 9 | 7 | 1 | 9 |
(RSSD 9050) |
version of this page) to the hard-copy record of the data file submitted to the CDR that your bank must place in its files.
The appearance of your bank's hard-copy record of the submitted
data file need not match exactly the appearance of the FFIEC's sample report forms, but should show at least the caption of each Call Report item and the reported amount.
Oxford Bank
Legal Title of Bank (RSSD 9017)
Oxford
City (RSSD 9130)
MI | 48371 | ||
State Abbrev. (RSSD 9200) | ZIP Code (RSSD 9220) | ||
Legal Entity Identifier (LEI) |
(Report only if your institution already has an LEI.) (RCON 9224)
The estimated average burden associated with this information collection is 35.38 hours per respondent and is expected to vary by institution, depending on individual circumstances. Burden estimates include the time for reviewing instructions, gathering and maintaining data in the required form, and completing the information collection, but exclude the time for compiling and maintaining business records in the normal course of a respondent's activities. A Federal agency may not conduct or sponsor, and an organization (or a person) is not required to respond to a collection of information, unless it displays a currently valid OMB control number. Comments concerning the accuracy of this burden estimate and suggestions for reducing this burden should be directed to the Office of Information and Regulatory Affairs, Office of Management and Budget, Washington, DC 20503, and to one of the following: Secretary, Board of Governors of the Federal Reserve System, 20th and C Streets, NW, Washington, DC 20551; Legislative and Regulatory Analysis Division, Office of the Comptroller of the Currency, Washington, DC 20219; Assistant Executive Secretary, Federal Deposit Insurance Corporation, Washington, DC 20429.
Reporting Period: June 30, 2022 | July 20, 2022 12:28 PM |
Oxford Bank - FDIC Certificate Number: 9719
FFIEC 051
Page 2 of 63
Consolidated Reports of Condition and Income for a Bank with
Domestic Offices Only and Total Assets Less than $5 Billion
Table of Contents
Signature Page........................................................................... | 1 | Schedule RC-E-Deposit Liabilities................................ | RC-13, 14 | |
Contact Information............................................................... | 3, 4 | Schedule RC-F-Other Assets............................................. | RC-15 | |
Report of Income | Schedule RC-G-Other Liabilities........................................ | RC-15 | ||
Schedule RI-Income Statement........................................ | RI-1, 2, 3 | Schedule RC-K-Quarterly Averages................................... | RC-16 | |
Schedule RI-A-Changes in Bank Equity Capital......................... | RI-4 | Schedule RC-L-Off-Balance Sheet Items........................... | RC-17 | |
Schedule RI-B-Charge-offs and Recoveries on | Schedule RC-M-Memoranda................................. | RC-18, 19, 20 | ||
Loans and Leases and Changes in Allowances | Schedule RC-N-Past Due and Nonaccrual Loans, | |||
for Credit Losses: | ||||
Part I. Charge-offs................................................................andRecoveries on | RI-5, 6 | Leases, and Other Assets............................... | RC-21, 22, 23, 24 | |
Loans and Leases | Schedule RC-O-Other Data for Deposit Insurance | |||
Part II......................................................................................Changes in Allowances for Credit | RI-6 | |||
Losses | Assessments.............................................................. | RC-25, 26 | ||
Schedule RI-C-Disaggregated Data on the Allowance for Loan and | Schedule RC-R-Regulatory Capital: | |||
Lease Losses (to be completed only by selected banks) | ........RI-7 | Part I. Regulatory..................................................Capital Components | RC-27, 28, 29, 30 | |
Schedule RI-E-Explanations.................................................. | RI-8, 9 | and Ratios | ||
Part II. Risk-Weighted Assets............. | RC-31, 32, 33, 34, 35, 36 | |||
Report of Condition | 37, 38, 39, 40, 41, 42, 43 | |||
Schedule RC-T-Fiduciary and Related | ||||
Schedule RC-Balance Sheet................................................. | RC-1, 2 | RC-44, 45, 46, 47 | ||
Services......................................................... | ||||
Schedule RC-B-Securities................................................ | RC-3, 4, 5 | Schedule SU-Supplemental Information......................... | SU-1, 2 | |
Schedule RC-C-Loans and Lease Financing | Optional Narrative Statement Concerning | |||
Receivables: | RC-6, 7, 8, 9, 10 | the Amounts Reported in the Consolidated Reports | ||
Part I. Loans and Leases....................................... | of Condition and Income.................................................. | SU-3 | ||
Part II. Loans to...............................................................Small Businesses and | RC-11, 12 | |||
Small Farms |
For information or assistance, national banks, state nonmember banks, and savings associations should contact the FDIC's Data Collection and Analysis Section, 550 17th Street, NW, Washington, DC 20429, toll free on (800) 688-FDIC(3342), Monday through Friday between 8:00 a.m. and 5:00 p.m., Eastern Time. State member banks should contact their Federal Reserve District Bank.
Reporting Period: June 30, 2022 | July 20, 2022 12:28 PM |
Oxford Bank - FDIC Certificate Number: 9719
FFIEC 051
Page 3 of 63
Contact Information for the Reports of Condition and Income
To facilitate communication between the Agencies and the bank concerning the Reports of Condition and Income, please provide contact information for
-
the Chief Financial Officer (or equivalent) of the bank signing the reports for this quarter, and (2) the person at the bank -other than the Chief Financial Officer (or equivalent)- to whom questions about the reports should be directed. If the Chief Financial Officer (or equivalent) is the primary contact
for questions about the reports, please provide contact information for another person at the bank who will serve as a secondary contact for communications between the Agencies and the bank concerning the Reports of Condition and Income. Enter "none" for the contact's e-mail address or fax number
if not available. Contact information for the Reports of Condition and Income is for the confidential use of the Agencies and will not be released to the public.
Chief Financial Officer (or Equivalent) Signing the Reports | Other Person to Whom Questions about the Reports |
Should be Directed |
Richard J. Miller
Name (TEXT C490)
Senior Vice President & Chief Financial Officer
Title (TEXT C491)
rmiller@oxfordbank.com
E-mail Address (TEXT C492)
(248) 572-2012
Telephone: Area code/phone number/extension (TEXT C493)
Heather Wheeler
Name (TEXT C495)
Accounting Staff
Title (TEXT C496)
hwheeler@oxfordbank.com
E-mail Address (TEXT 4086)
(248) 572-2033
Telephone: Area code/phone number/extension (TEXT 8902)
(248) 429-3288
FAX: Area code/phone number (TEXT C494)
(248) 572-2050
FAX: Area code/phone number (TEXT 9116)
Chief Executive Officer Contact Information
This information is being requested so the Agencies can distribute notifications about policy initiatives, deposit insurance assessments, and other matters directly to the Chief Executive Officers of reporting institutions. Notifications about other matters may include emergency notifications that may or may not also be sent to the institution's emergency contacts listed below. Please provide contact information for the Chief Executive Officer of the reporting institution. Enter "none" for the Chief Executive Officer's e-mail address or fax number if not available. Chief Executive Officer contact information is for the confidential use of the Agencies and will not be released to the public.
Chief Executive Officer
David P. Lamb | (248) 969-7202 | |
Name (TEXT FT42) | Telephone: Area code/phone number/extension (TEXT FT43) | |
dlamb@oxfordbank.com | (248) 969-7230 | |
E-mail Address (TEXT FT44) | Fax: Area code/phone number (TEXT FT45) |
Emergency Contact Information
This information is being requested so the Agencies can distribute critical, time sensitive information to emergency contacts at banks. Please provide primary contact information for a senior official of the bank who has decision-making authority. Also provide information for a secondary contact if available.
Enter "none" for the contact's e-mail address or fax number if not available. Emergency contact information is for the confidential use of the Agencies and will not be released to the public.
Primary Contact
Lisa Medlock
Name (TEXT C366)
SVP-Senior Risk Analyst
Title (TEXT C367)
lmedlock@oxfordbank.com
E-mail Address (TEXT C368)
(248) 572-2011
Telephone: Area code/phone number/extension (TEXT C369)
Secondary Contact
David P. Lamb
Name (TEXT C371)
President & Chief Executive Officer
Title (TEXT C372)
dlamb@oxfordbank.com
E-mail Address (TEXT C373)
(248) 969-7202
Telephone: Area code/phone number/extension (TEXT C374)
(248) 572-2050
FAX: Area code/phone number (TEXT C370)
(248) 969-7230
FAX: Area code/phone number (TEXT C375)
Reporting Period: June 30, 2022 | July 20, 2022 12:28 PM |
Oxford Bank - FDIC Certificate Number: 9719
FFIEC 051
Page 4 of 63
USA PATRIOT Act Section 314(a) Anti-Money Laundering Contact Information
This information is being requested to identify points-of-contact who are in charge of your bank's USA PATRIOT Act Section 314(a) information requests. Bank personnel listed could be contacted by law enforcement officers or the Financial Crimes Enforcement Network (FinCEN) for additional information related to specific Section 314(a) search requests or other anti-terrorist financing and anti-money laundering matters. Communications sent by FinCEN to the bank for purposes other than Section 314(a) notifications will state the intended purpose and should be directed to the appropriate bank personnel for review. Any disclosure of customer records to law enforcement officers or FinCEN must be done in compliance with applicable law, including the Right to Financial Privacy Act (12 U.S.C. 3401 et seq.).
Please provide information for a primary and secondary contact. Information for a third and fourth contact may be provided at the bank's option. Enter "none" for the contact's e-mail address if not available. This contact information is for the confidential use of the Agencies, FinCEN, and law enforcement officers and will not be released to the public.
Primary Contact
Kevin Wagar
Name (TEXT C437)
BSA Officer
Title (TEXT C438)
kwagar@oxfordbank.com
E-mail Address (TEXT C439)
(248) 969-7333
Telephone: Area code/phone number/extension (TEXT C440)
Secondary Contact
Elizabeth Lott
Name (TEXT C442)
BSA Specialist
Title (TEXT C443)
elott@oxfordbank.com
E-mail Address (TEXT C444)
(248) 572-2006
Telephone: Area code/phone number/extension (TEXT C445)
Third Contact
Lisa Medlock
Name (TEXT C870)
SVP-Senior Risk Analyst
Title (TEXT C871)
lmedlock@oxfordbank.com
E-mail Address (TEXT C872)
(248) 572-2011
Telephone: Area code/phone number/extension (TEXT C873)
Fourth Contact
Name (TEXT C875)
Title (TEXT C876)
E-mail Address (TEXT C877)
Telephone: Area code/phone number/extension (TEXT C878)
Reporting Period: June 30, 2022 | July 20, 2022 12:28 PM |
Oxford Bank - FDIC Certificate Number: 9719
Consolidated Report of Income
For the period January 1, 2022 - June 30, 2022
Schedule RI-Income Statement
FFIEC 051 Page 5 of 63 RI-1
Dollar Amounts in Thousands | RIAD | Amount | ||||
1. Interest income: | ||||||
a. Interest and fee income on loans: | ||||||
(1) | Loans secured by real estate: | |||||
............................................................................................(a) Loans secured by 1-4 family residential properties | 4435 | 736 | 1.a.1.a. | |||
................................................................................................................(b) All other loans secured by real estate | 4436 | 6,168 | 1.a.1.b. | |||
(2) | ..............................................................................................................................Commercial and industrial loans | 4012 | 3,859 | 1.a.2. | ||
(3) | Loans to individuals for household, family,and other personal expenditures: | |||||
.........................................................................................................................................................(a) Credit cards | B485 | 0 | 1.a.3.a. | |||
(b) Other (includes revolving credit plans other than credit cards, automobile loans, and | ||||||
.......................................................................................................................................other consumer loans) | B486 | 45 | 1.a.3.b. | |||
(4) | Not applicable | |||||
(5) | .....................................................................................................................................................All other loans (1) | 4058 | 609 | 1.a.5. | ||
(6) | ....................................................Total interest and fee income on loans (sum of items 1.a.(1)(a) through 1.a.(5)) | 4010 | 11,417 | 1.a.6. | ||
.......................................................................................................................b. Income from lease financing receivables | 4065 | 0 | 1.b. | |||
................................................................................c. Interest income on balances due from depository institutions (2) | 4115 | 413 | 1.c. | |||
d. Interest and dividend income on securities: | ||||||
(1) | U.S. Treasury securities and U.S. Government agency obligations | |||||
...................................................................................................................(excluding mortgage-backed securities) | B488 | 476 | 1.d.1. | |||
(2) | .....................................................................................................................................Mortgage-backed securities | B489 | 176 | 1.d.2. | ||
(3) | All other securities (includes securities issued by states and political | |||||
...........................................................................................................................................subdivisions in the U.S.) | 4060 | 284 | 1.d.3. | |||
e. Not applicable | ||||||
......................................f. Interest income on federal funds sold and securities purchased under agreements to resell | 4020 | 0 | 1.f. | |||
....................................................................................................................................................g. Other interest income | 4518 | 40 | 1.g. | |||
...............................................................................................h. Total interest income (sum of items 1.a.(6) through 1.g) | 4107 | 12,806 | 1.h. | |||
2. Interest expense: | ||||||
a. Interest on deposits: | ||||||
(1) Transaction accounts (interest-bearing demand deposits, NOW accounts, ATS accounts, | ||||||
.............................................................................................and telephone and preauthorized transfer accounts) | 4508 | 125 | 2.a.1. | |||
(2) Nontransaction accounts: | ||||||
....................................................................................................................(a) Savings deposits (includes MMDAs) | 0093 | 275 | 2.a.2.a. | |||
.......................................................................................................................(b) Time deposits of $250,000 or less | HK03 | 48 | 2.a.2.b. | |||
.................................................................................................................(c) Time deposits of more than $250,000 | HK04 | 3 | 2.a.2.c. | |||
..........................................b. Expense of federal funds purchased and securities sold under agreements to repurchase | 4180 | 0 | 2.b. | |||
...................................................................................................................................................c. Other interest expense | GW44 | 0 | 2.c. | |||
d. Not applicable | ||||||
..................................................................................................e. Total interest expense (sum of items 2.a through 2.d) | 4073 | 451 | 2.e. | |||
.....................................................................................3. Net interest income (item 1.h minus 2.e) | 4074 | 12,355 | 3. | |||
..........................................................................................4. Provision for loan and lease losses (3) | JJ33 | 120 | 4. |
1 Includes interest and fee income on "Loans to depository institutions and acceptances of other banks," "Loans to finance agricultural production and other loans to farmers," "Obligations (other than securities and leases) of states and political subdivisions in the U.S.," and "Loans to nondepository financial institutions and other loans."
2 Includes interest income on time certificates of deposit not held for trading.
3 Institutions that have adopted ASU 2016-13 should report in item 4 the provisions for credit losses on all financial assets and off-balance-sheet exposures that fall within the scope of the standard.
Reporting Period: June 30, 2022 | July 20, 2022 12:28 PM |
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Oxford Bank Corporation published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 16:06:07 UTC.