Bank of Alpena in Alpena, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Alpena - Overview

  • General
  • FDIC Certificate #: 57029
    Status: Active
    Federal Reserve ID: 2936840
    Bank Holding Company (Regulatory Top Holder): Alpena Banking Corporation (RSSDID: 2936859, Location: Alpena, MI)
    Date Established: March 26, 2001
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 301173
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: March 26, 2001
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 468 Ripley Boulevard, Alpena, MI 49707
    County: Alpena
    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
    Core Based Statistical Area (CBSA): Alpena, MI (#10980)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $70.1 mil
    Equity capital: $7.0 mil
    Deposits held in domestic offices: $62.8 mil
    Return on assets (ROA): 0.28% ($0.2 mil)
    Quarterly return on assets: 0.49% ($0.3 mil)
    Return on Equity (ROE): 2.78% ($0.2 mil)
    Quarterly return on equity: 4.91% ($0.3 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.39% ($273.3 mil)
    Quarterly Pretax return on assets: 0.68% ($476.4 mil)

2000 - 2011 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, 2011)

  • Dollar figures in thousands
  • 23Total employees (full-time equivalent)
  • $70,066Total assets
  • $7,838Cash and due from depository institutions
  • $7,322Interest-bearing balances
  • $17,187Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $39,354Net loans & leases
  • $949Loan loss allowance
  • $0Trading account assets
  • $2,938Bank premises and fixed assets
  • $2,196Other real estate owned
  • $0Goodwill and other intangibles
  • $70,066Life insurance assets
  • $553All other assets
  • $63,035Total liabilities and capital
  • $62,837Total liabilities
  • $46,543Total deposits
  • $62,837Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $198Subordinated debt
  • $7,031All other liabilities
  • $7,031Total equity capital
  • $7,031Total bank equity capital
  • $0Perpetual preferred stock
  • $2,250Common stock
  • $2,840Surplus
  • $1,941Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,713Income earned, not collected on loans
  • $0Earning assets
  • $223Long-term assets (5+ years)
  • $63,863Average Assets, year-to-date
  • $7,312Average Assets, quarterly
  • $69,318Volatile liabilities
  • $70,019Insider loans
  • $39,232FHLB advances
  • $70,216Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,749Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,331Restructured Loans and leases
  • $524Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,191Total interest income
  • $359Total interest expense
  • $2,832Net interest income
  • $59Provision for loan and lease losses
  • $233Total noninterest income
  • $0Fiduciary activities
  • $60Service charges on deposit accounts
  • $0Trading account gains & fees
  • $173Additional noninterest income
  • $2,749Total noninterest expense
  • $1,301Salaries and employee benefits
  • $278Premises and equipment expense
  • $1,170Additional noninterest expense
  • $257Pre-tax net operating income
  • $12Securities gains (losses)
  • $78Applicable income taxes
  • $191Income before extraordinary items
  • $0Extraordinary gains - net
  • $191Net income attributable to bank
  • $0Net charge-offs
  • $191Cash dividends
  • $314Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.07%Yield on earning assets
  • 0.57%Cost of funding earning assets
  • 4.50%Net interest margin
  • 0.37%Noninterest income to earning assets
  • 4.37%Noninterest expense to earning assets
  • 0.26%Net operating income to assets
  • 0.28%Return on assets (ROA)
  • 0.39%Pretax return on assets
  • 2.78%Return on equity (ROE)
  • 2.78%Retained earnings to average equity (YTD only)
  • 0.73%Net charge-offs to loans
  • 18.79%Credit loss provision to net charge-offs
  • 1.01%Efficiency ratio
  • 89,690Assets per employee
  • 3.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.35%Loss allowance to noncurrent loans
  • 55.40%Noncurrent assets plus other real estate owned to assets
  • 5.58%Noncurrent loans to loans
  • 4.25%Net loans and leases to deposits
  • 62.63%Net loans and leases to core deposits
  • 63.93%Equity capital to assets
  • 10.03%Core capital (leverage) ratio
  • 9.61%Tier 1 risk-based capital ratio
  • 17.20%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $69,318Average earning assets
  • $6,876Average equity
  • $62,890Average loans

List of branches

  • 1 Michigan Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0301173Bank Of Alpena468 Ripley Boulevard, Alpena, MI 49707March 26, 2001Full Service Brick and Mortar

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