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

  • Blissfield State Bank in Blissfield, Michigan (MI)
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Blissfield State Bank - Overview

  • General
  • FDIC Certificate #: 976
    Status: Active
    Federal Reserve ID: 937843
    Bank Holding Company (Regulatory Top Holder): Blissfield Bank Corporation (RSSDID: 1245648, Location: Blissfield, MI)
    Date Established: May 24, 1873
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 10332
    FDIC's unique #: 642
    Numeric code: 13
    Regulator: FED
    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: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 22, 2009
    Last Structure Change Process Date: June 22, 2009
    Last Data Update: June 22, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 204 East Jefferson, Blissfield, MI 49228
    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
  • Name Change
  • Financial Summary
  • Total assets: $91.5 mil
    Equity capital: $10.3 mil
    Deposits held in domestic offices: $81.2 mil
    Return on assets (ROA): 1.02% ($0.9 mil)
    Quarterly return on assets: 0.87% ($0.8 mil)
    Return on Equity (ROE): 9.07% ($0.9 mil)
    Quarterly return on equity: 7.56% ($0.8 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.02% ($933.0 mil)
    Quarterly Pretax return on assets: 0.87% ($795.8 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 26Total employees (full-time equivalent)
  • $91,467Total assets
  • $7,541Cash and due from depository institutions
  • $1,538Interest-bearing balances
  • $36,016Securities
  • $680Federal funds sold & reverse repurchase agreements
  • $44,619Net loans & leases
  • $483Loan loss allowance
  • $0Trading account assets
  • $1,275Bank premises and fixed assets
  • $39Other real estate owned
  • $0Goodwill and other intangibles
  • $91,467Life insurance assets
  • $1,297All other assets
  • $81,211Total liabilities and capital
  • $81,158Total liabilities
  • $70,714Total deposits
  • $81,158Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $53Subordinated debt
  • $10,256All other liabilities
  • $10,256Total equity capital
  • $10,256Total bank equity capital
  • $0Perpetual preferred stock
  • $385Common stock
  • $8,115Surplus
  • $1,756Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $210Income earned, not collected on loans
  • $0Earning assets
  • $418Long-term assets (5+ years)
  • $82,853Average Assets, year-to-date
  • $39,155Average Assets, quarterly
  • $88,653Volatile liabilities
  • $89,656Insider loans
  • $48,104FHLB advances
  • $90,792Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,467Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,075Restructured Loans and leases
  • $1,652Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,573Total interest income
  • $538Total interest expense
  • $3,035Net interest income
  • $128Provision for loan and lease losses
  • $232Total noninterest income
  • $0Fiduciary activities
  • $156Service charges on deposit accounts
  • $0Trading account gains & fees
  • $76Additional noninterest income
  • $2,243Total noninterest expense
  • $1,279Salaries and employee benefits
  • $288Premises and equipment expense
  • $676Additional noninterest expense
  • $896Pre-tax net operating income
  • $5Securities gains (losses)
  • $0Applicable income taxes
  • $901Income before extraordinary items
  • $0Extraordinary gains - net
  • $901Net income attributable to bank
  • $0Net charge-offs
  • $901Cash dividends
  • $129Sale, conversion, retirement of capital stock, net
  • $700Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.39%Yield on earning assets
  • 0.66%Cost of funding earning assets
  • 3.73%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 2.75%Noninterest expense to earning assets
  • 1.01%Net operating income to assets
  • 1.02%Return on assets (ROA)
  • 1.02%Pretax return on assets
  • 9.07%Return on equity (ROE)
  • 2.02%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 99.22%Credit loss provision to net charge-offs
  • 7.94%Efficiency ratio
  • 68,656Assets per employee
  • 3.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 77.69%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 230.00%Noncurrent assets plus other real estate owned to assets
  • 0.27%Noncurrent loans to loans
  • 0.47%Net loans and leases to deposits
  • 54.98%Net loans and leases to core deposits
  • 55.79%Equity capital to assets
  • 11.21%Core capital (leverage) ratio
  • 10.43%Tier 1 risk-based capital ratio
  • 19.68%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $88,653Average earning assets
  • $9,931Average equity
  • $81,450Average loans

List of branches

  • 2 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0642Blissfield State Bank204 East Jefferson, Blissfield, MI 49228May 24, 1873Full Service Brick and Mortar
    1186809Blissfield Branch640 West Adrian Street, Blissfield, MI 49228December 18, 1972Full Service Brick and Mortar

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