Central Savings Bank in city_name, state_name - Detailed Financial Reports, Location

Central Savings Bank in Sault Sainte Marie, Michigan (MI)
Show street view No street view available for this location

Central Savings Bank routing number info

Central Savings Bank - Overview

General
FDIC Certificate #: 1095
Status: Active
Federal Reserve ID: 382050
Bank Holding Company (Regulatory Top Holder): Central Bank Corporation (RSSDID: 1246805, Location: Sault Sainte Marie, MI)
Date Established: December 02, 1902
WWW: http://www.centralsavingsbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 9 (Domestic: 9, Interstate: No)
OTS Docket #: 13474
FDIC's unique #: 740
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: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
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: 511 Bingham Avenue, Sault Sainte Marie, MI 49783
County: Chippewa
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Grand Rapids
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Core Based Statistical Area (CBSA): Sault Ste. Marie, MI (#42300)
CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $243.6 mil
Equity capital: $25.0 mil
Deposits held in domestic offices: $210.3 mil
Return on assets (ROA): 0.80% ($2.0 mil)
Quarterly return on assets: 0.78% ($1.9 mil)
Return on Equity (ROE): 7.87% ($2.0 mil)
Quarterly return on equity: 7.75% ($1.9 mil)
Net income: $1.9 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 0.89% ($2,167.8 mil)
Quarterly Pretax return on assets: 0.59% ($1,437.1 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
62Total employees (full-time equivalent)
$243,578Total assets
$45,240Cash and due from depository institutions
$29,698Interest-bearing balances
$48,146Securities
$0Federal funds sold & reverse repurchase agreements
$129,498Net loans & leases
$3,752Loan loss allowance
$0Trading account assets
$2,951Bank premises and fixed assets
$5,224Other real estate owned
$378Goodwill and other intangibles
$243,578Life insurance assets
$12,141All other assets
$218,535Total liabilities and capital
$210,311Total liabilities
$152,861Total deposits
$210,311Interest-bearing deposits
$83Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$6,000Trading liabilities
$0Other borrowed funds
$2,224Subordinated debt
$25,043All other liabilities
$25,043Total equity capital
$25,043Total bank equity capital
$0Perpetual preferred stock
$1,125Common stock
$8,475Surplus
$15,443Undivided profits
Memoranda
$0Noncurrent loans and leases
$490Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,800Income earned, not collected on loans
$0Earning assets
$838Long-term assets (5+ years)
$207,342Average Assets, year-to-date
$73,222Average Assets, quarterly
$240,270Volatile liabilities
$249,337Insider loans
$147,311FHLB advances
$244,770Loans and leases held for sale
$7,139Unused loan commitments
$7,139Tier 1 (core) risk-based capital
$23,665Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$10,205Restructured Loans and leases
$4,768Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$10,065Total interest income
$2,384Total interest expense
$7,681Net interest income
$287Provision for loan and lease losses
$1,811Total noninterest income
$0Fiduciary activities
$559Service charges on deposit accounts
$0Trading account gains & fees
$1,252Additional noninterest income
$6,618Total noninterest expense
$3,142Salaries and employee benefits
$667Premises and equipment expense
$2,809Additional noninterest expense
$2,587Pre-tax net operating income
-$437Securities gains (losses)
$237Applicable income taxes
$1,913Income before extraordinary items
$0Extraordinary gains - net
$1,913Net income attributable to bank
$0Net charge-offs
$1,913Cash dividends
$616Sale, conversion, retirement of capital stock, net
$390Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.92%Yield on earning assets
1.17%Cost of funding earning assets
3.76%Net interest margin
0.89%Noninterest income to earning assets
3.24%Noninterest expense to earning assets
0.96%Net operating income to assets
0.80%Return on assets (ROA)
0.89%Pretax return on assets
7.87%Return on equity (ROE)
6.26%Retained earnings to average equity (YTD only)
0.46%Net charge-offs to loans
46.59%Credit loss provision to net charge-offs
4.67%Efficiency ratio
68,784Assets per employee
3.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
20.39%Loss allowance to loans
2.82%Loss allowance to noncurrent loans
134.00%Noncurrent assets plus other real estate owned to assets
3.82%Noncurrent loans to loans
2.10%Net loans and leases to deposits
61.57%Net loans and leases to core deposits
72.10%Equity capital to assets
10.28%Core capital (leverage) ratio
9.67%Tier 1 risk-based capital ratio
16.06%Total risk-based capital ratio
Memoranda
$17Average assets
$240,270Average earning assets
$24,311Average equity
$204,524Average loans

List of branches

9 Michigan Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	740	Central Savings Bank	511 Bingham Avenue, Sault Sainte Marie, MI 49783	December 02, 1902	Full Service Brick and Mortar
1	187899	De Tour Branch	109 Elizabeth Street, De Tour, MI 49725	May 15, 1972	Full Service Brick and Mortar
2	187900	Kinross Branch	4693 W. M-80, Kincheloe, MI 49788	March 12, 1989	Full Service Brick and Mortar
3	207096	Pickford Branch	131 W. Main, Pickford Township, MI 49774	August 06, 1982	Full Service Brick and Mortar
4	232198	Cedarville Branch	143 W M-134, Cedarville, MI 49719	December 16, 1996	Full Service Brick and Mortar
5	11175	Rudyard Branch	11256 W. Main Street, Rudyard, MI 49780	May 15, 1918	Full Service Brick and Mortar
6	232191	St. Ignace Branch	430 North State Street, St. Ignace, MI 49781	November 22, 1991	Full Service Brick and Mortar
7	232195	Mackinac Island Branch	21 Hoban Street, Mackinac Island, MI 49757	May 01, 1995	Full Service Brick and Mortar
8	419628	Business Spur Branch	3501 I-75 Business Spur, Sault Sainte Marie, MI 49783	November 08, 2002	Full Service Brick and Mortar

Central Savings Bank in Sault Sainte Marie, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Central Savings Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

Central Savings Bank in Sault Sainte Marie, Michigan (MI)Overview, Financial Summary, Detailed Financial Reports, Branches

Central Savings Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

Central Savings Bank in Sault Sainte Marie, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches