Discontinued Operations

3 Months Ended

Mar. 31, 2012

Discontinued Operations [Abstract]

Discontinued Operations [Text Block]

Note E – Discontinued Operations

During the period ended March 31, 2012, Capitol completed the following sale of a bank subsidiary (in $1,000s):

		Sale
	Date Sold	Proceeds		Gain
Mountain View Bank of Commerce(1)	January 30, 2012	$	4,060	$	126

(1) Previously a majority-owned subsidiary of a bank-development subsidiary controlled by Capitol.

The results of operations for Mountain View Bank of Commerce, together with the results of operations of banks sold in 2011, including Bank of Feather River, Bank of Fort Bend, Bank of Las Colinas, Bank of the Northwest, Bank of Tucson – main office, Community Bank of Rowan, Evansville Commerce Bank and Sunrise Bank, are classified as discontinued operations for the periods presented and include the following components (in $1,000s):

	Three Months Ended March 31
	2012			2011
Interest income	$	215		$	8,802
Interest expense		44			1,426
Net interest income		171			7,376
Provision for loan losses					532
Net interest income after provision for
loan losses		171			6,844
Noninterest income		6			773
Gain on sale of bank subsidiaries		126			4,368
Noninterest expense		100			5,658
Income before income taxes		203			6,327
Less income tax expense		54			1,579
Net income from discontinued operations		149			4,748
Net income attributable to noncontrolling
interests in consolidated subsidiaries		(12	)		(236	)
Net income from discontinued operations
attributable to Capitol Bancorp Limited	$	137		$	4,512
Net income from discontinued operations
per common share attributable to Capitol
Bancorp Limited	$	--		$	0.14

Assets and liabilities of discontinued operations as of December 31, 2011 are summarized below (in $1,000s) (none as of March 31, 2012):

Assets:				Liabilities:
Cash and cash equivalents	$	9,898		Noninterest-bearing
Federal Home Loan Bank				deposits	$	7,371
stock		293		Interest-bearing deposits		34,336
Portfolio loans		40,060		Total deposits		41,707
Less allowance for loan				Other liabilities		2,431
losses		(751	)
Net portfolio loans		39,309			$	44,138
Premises and equipment		381
Other real estate owned		1,009
Other assets		775
	$	51,665