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

This bank is inactive as of October 02, 1995

  • Bank of Stephenson in Stephenson, Michigan (MI)
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Bank of Stephenson - Overview

  • General
  • FDIC Certificate #: 11392
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: mBank (#14816)
    Federal Reserve ID: 292458
    Date Established: January 01, 1902
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 11922
    FDIC's unique #: 7272
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 02, 1995
    Last Structure Change Process Date: October 26, 1995
    Last Data Update: October 26, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Stephenson, MI 49887
    County: Menominee
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Appleton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Marinette, WI-MI (#31940)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $70.7 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $34Total assets
  • $68,538Cash and due from depository institutions
  • $2,226Interest-bearing balances
  • $0Securities
  • $16,719Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $45,133Loan loss allowance
  • $1,022Trading account assets
  • $0Bank premises and fixed assets
  • $2,459Other real estate owned
  • $19Goodwill and other intangibles
  • $1,040Life insurance assets
  • $942All other assets
  • $0Total liabilities and capital
  • $68,538Total liabilities
  • $62,852Total deposits
  • $61,647Interest-bearing deposits
  • $55,271Deposits held in domestic offices
  • 61647.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $700Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $505Total equity capital
  • $505Total bank equity capital
  • $5,686Perpetual preferred stock
  • $0Common stock
  • $750Surplus
  • $4,798Undivided profits
  • Memoranda
  • $138Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $41Income earned, not collected on loans
  • $336Earning assets
  • $61,852Long-term assets (5+ years)
  • $2,028Average Assets, year-to-date
  • $70,238Average Assets, quarterly
  • $69,472Volatile liabilities
  • $3,566Insider loans
  • $416FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,627Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,090Total risk weighted assets
  • $45,280Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,097Total interest expense
  • $2,082Net interest income
  • $3,015Provision for loan and lease losses
  • $0Total noninterest income
  • $174Fiduciary activities
  • $0Service charges on deposit accounts
  • $93Trading account gains & fees
  • $0Additional noninterest income
  • $81Total noninterest expense
  • $2,158Salaries and employee benefits
  • $1,003Premises and equipment expense
  • $187Additional noninterest expense
  • $968Pre-tax net operating income
  • $1,031Securities gains (losses)
  • $75Applicable income taxes
  • $280Income before extraordinary items
  • $826Extraordinary gains - net
  • $0Net income attributable to bank
  • $826Net charge-offs
  • $48Cash dividends
  • $5,812Sale, conversion, retirement of capital stock, net
  • $1,548Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.93%Cost of funding earning assets
  • 3.24%Net interest margin
  • 4.69%Noninterest income to earning assets
  • 0.27%Noninterest expense to earning assets
  • 3.36%Net operating income to assets
  • 1.10%Return on assets (ROA)
  • 1.18%Pretax return on assets
  • 1.57%Return on equity (ROE)
  • 10.20%Retained earnings to average equity (YTD only)
  • -61.54%Net charge-offs to loans
  • 0.11%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 64,628Assets per employee
  • 2.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 703.63%Loss allowance to loans
  • 2.21%Loss allowance to noncurrent loans
  • 2492.68%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.09%Net loans and leases to deposits
  • 73.21%Net loans and leases to core deposits
  • 76.78%Equity capital to assets
  • 8.30%Core capital (leverage) ratio
  • 7.53%Tier 1 risk-based capital ratio
  • 11.24%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $70,238Average earning assets
  • $8,102Average equity
  • $64,255Average loans

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