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- Banks in Michigan (MI)
- Bank of Stephenson
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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- Banks in Michigan (MI)
- Bank of Stephenson
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