Adrian State Bank in Adrian, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 23, 1999

  • Adrian State Bank in Adrian, Michigan (MI)
  • Show street view No street view available for this location

Adrian State Bank - Overview

  • General
  • FDIC Certificate #: 13435
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Sky Bank-Mid AM Region (#17075)
    Federal Reserve ID: 569543
    Date Established: May 23, 1893
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    OTS Docket #: 13948
    FDIC's unique #: 8457
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 23, 1999
    Last Structure Change Process Date: Febuary 26, 1999
    Last Data Update: Febuary 26, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 202 West Maumee Street, Adrian, MI 49221
    County: Lenawee
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Detroit
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Ann Arbor, MI (#440)
    Consolidated Metropolitan Statistical Area (CMSA): Detroit-Ann Arbor-Flint, MI (#35)
    Core Based Statistical Area (CBSA): Adrian, MI (#10300)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $171.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 1998)

  • Dollar figures in thousands
  • 77Total employees (full-time equivalent)
  • $171,324Total assets
  • $7,988Cash and due from depository institutions
  • $14Interest-bearing balances
  • $22,170Securities
  • $1,150Federal funds sold & reverse repurchase agreements
  • $134,327Net loans & leases
  • $2,055Loan loss allowance
  • $0Trading account assets
  • $2,740Bank premises and fixed assets
  • $0Other real estate owned
  • $1,187Goodwill and other intangibles
  • $0Life insurance assets
  • $1,762All other assets
  • $171,324Total liabilities and capital
  • $159,150Total liabilities
  • $141,713Total deposits
  • $123,788Interest-bearing deposits
  • $141,713Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,255Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $13,000Other borrowed funds
  • $0Subordinated debt
  • $1,182All other liabilities
  • $12,174Total equity capital
  • $12,174Total bank equity capital
  • $12,174Perpetual preferred stock
  • $0Common stock
  • $1,189Surplus
  • $8,066Undivided profits
  • Memoranda
  • $2,919Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $566Earning assets
  • $0Long-term assets (5+ years)
  • $695Average Assets, year-to-date
  • $157,661Average Assets, quarterly
  • $31,924Volatile liabilities
  • $173,902Insider loans
  • $173,235FHLB advances
  • $40,400Loans and leases held for sale
  • $2,862Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,388Total risk weighted assets
  • $22,610Total unused commitments
  • $0Restructured Loans and leases
  • $121,205Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $13,453Total interest income
  • $6,635Total interest expense
  • $6,818Net interest income
  • $824Provision for loan and lease losses
  • $3,062Total noninterest income
  • $0Fiduciary activities
  • $700Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,362Additional noninterest income
  • $7,317Total noninterest expense
  • $2,905Salaries and employee benefits
  • $706Premises and equipment expense
  • $3,706Additional noninterest expense
  • $1,739Pre-tax net operating income
  • $70Securities gains (losses)
  • $564Applicable income taxes
  • $1,245Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,245Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $252Sale, conversion, retirement of capital stock, net
  • $1,000Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.37%Yield on earning assets
  • 4.13%Cost of funding earning assets
  • 4.24%Net interest margin
  • 1.91%Noninterest income to earning assets
  • 4.55%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 1.04%Pretax return on assets
  • 10.23%Return on equity (ROE)
  • 2.01%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 326.98%Credit loss provision to net charge-offs
  • 10.17%Efficiency ratio
  • 73,107Assets per employee
  • 2.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 80.32%Loss allowance to loans
  • 1.51%Loss allowance to noncurrent loans
  • 363.07%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.42%Net loans and leases to deposits
  • 94.79%Net loans and leases to core deposits
  • 121.49%Equity capital to assets
  • 7.11%Core capital (leverage) ratio
  • 6.52%Tier 1 risk-based capital ratio
  • 9.40%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $173,902Average earning assets
  • $12,170Average equity
  • $160,720Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Adrian State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents