New Century Bank
Shelby Township, MI · Owner: New Century Bcorp
$21.1M
total assets, December 31, 2001
$21.1M
total assets, December 31, 2001
New Century Bank was a state member bank in Shelby Township, MI, owned by New Century Bcorp. It failed on Mar 28, 2002, and its insured deposits were paid out. At its last report it held $21.1 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2001
This bank failed
- Failed on
- Mar 28, 2002
- Assets
- $21.1M
- Deposits
- $18.9M
- Estimated cost
- $4.4M
- Deposits went to
- payout
Total assets
$21.1M
-47.6% in a year · -20.0% in a quarter
Deposits
$18.9M
-43.2% in a year · -20.5% in a quarter
Loans
$20.2M
-39.2% in a year · -11.2% in a quarter
Profit so far
-$5.0M
Jan 1 to Dec 31, 2001
Capital ratio
-0.06%
-9.33 pts in a year
Return on assets
-16.41%
-12.36 pts in a year
Facts
- Type
- State member bank
- Head office
- 46719 Hayes Road, Shelby Township, MI, 48315
- County
- Macomb
- Holding company
- New Century Bcorp
- Established
- Jul 1, 1999
- Failed
- Mar 28, 2002
- Employees
- 18
- Branches
- 1
- Id
- b34979
Quarter by quarter
September 30, 1999 to December 31, 2001
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 10
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is New Century Bank?
$21.1 million in total assets and $18.9 million in deposits as of December 31, 2001, with assets down 47.6% from a year before. Its loans were $20.2 million.
How many branches does New Century Bank have?
1 branch in Michigan as of June 30, 2026.
Is New Century Bank profitable?
No: it lost $4.99 million from January 1 to December 31, 2001. Its return on assets was -16.41% a year; about 1% is typical.
Who owns New Century Bank?
New Century Bank is owned by New Century Bcorp, its holding company.
When did New Century Bank fail?
Mar 28, 2002. The estimated cost of the failure was $4.44 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.