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


Central State Bank - Overview

  • General
  • FDIC Certificate #: 14706
    Status: Active
    Federal Reserve ID: 682545
    Bank Holding Company (Regulatory Top Holder): Central-State Bancorp, Inc. (RSSDID: 1245666, Location: Traverse City, MI)
    Date Established: August 28, 1913
    WWW: http://www.icentralstatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 11808
    FDIC's unique #: 9200
    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: September 04, 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: 49 Benzie Boulevard, Beulah, MI 49617
    County: Benzie
    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): Traverse City, MI (#45900)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $64.9 mil
    Equity capital: $8.6 mil
    Deposits held in domestic offices: $55.9 mil
    Return on assets (ROA): 0.24% ($0.2 mil)
    Quarterly return on assets: -0.25% (-$0.2 mil)
    Return on Equity (ROE): 1.89% ($0.2 mil)
    Quarterly return on equity: -2.03% (-$0.2 mil)
    Net income: $0.2 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.36% ($233.5 mil)
    Quarterly Pretax return on assets: -0.31% (-$201.1 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
  • 20Total employees (full-time equivalent)
  • $64,856Total assets
  • $13,406Cash and due from depository institutions
  • $11,944Interest-bearing balances
  • $4,675Securities
  • $5,773Federal funds sold & reverse repurchase agreements
  • $36,604Net loans & leases
  • $368Loan loss allowance
  • $0Trading account assets
  • $1,780Bank premises and fixed assets
  • $573Other real estate owned
  • $1,021Goodwill and other intangibles
  • $64,856Life insurance assets
  • $1,024All other assets
  • $56,260Total liabilities and capital
  • $55,859Total liabilities
  • $44,058Total deposits
  • $55,859Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 46.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $355Subordinated debt
  • $8,596All other liabilities
  • $8,596Total equity capital
  • $8,596Total bank equity capital
  • $0Perpetual preferred stock
  • $240Common stock
  • $3,760Surplus
  • $4,596Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $308Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $927Income earned, not collected on loans
  • $322Earning assets
  • $252Long-term assets (5+ years)
  • $58,996Average Assets, year-to-date
  • $3,239Average Assets, quarterly
  • $65,335Volatile liabilities
  • $67,698Insider loans
  • $37,736FHLB advances
  • $65,712Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,413Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,869Restructured Loans and leases
  • $5,586Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,525Total interest income
  • $302Total interest expense
  • $2,223Net interest income
  • $401Provision for loan and lease losses
  • $795Total noninterest income
  • $0Fiduciary activities
  • $231Service charges on deposit accounts
  • $0Trading account gains & fees
  • $564Additional noninterest income
  • $2,383Total noninterest expense
  • $1,199Salaries and employee benefits
  • $240Premises and equipment expense
  • $944Additional noninterest expense
  • $234Pre-tax net operating income
  • $0Securities gains (losses)
  • $76Applicable income taxes
  • $158Income before extraordinary items
  • $0Extraordinary gains - net
  • $158Net income attributable to bank
  • $0Net charge-offs
  • $158Cash dividends
  • $466Sale, conversion, retirement of capital stock, net
  • $146Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.26%Yield on earning assets
  • 0.51%Cost of funding earning assets
  • 3.75%Net interest margin
  • 1.34%Noninterest income to earning assets
  • 4.02%Noninterest expense to earning assets
  • 0.24%Net operating income to assets
  • 0.24%Return on assets (ROA)
  • 0.36%Pretax return on assets
  • 1.89%Return on equity (ROE)
  • 0.14%Retained earnings to average equity (YTD only)
  • 1.23%Net charge-offs to loans
  • 86.05%Credit loss provision to net charge-offs
  • 1.36%Efficiency ratio
  • 78,960Assets per employee
  • 3.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 92.41%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 39.70%Noncurrent assets plus other real estate owned to assets
  • 2.31%Noncurrent loans to loans
  • 2.51%Net loans and leases to deposits
  • 65.53%Net loans and leases to core deposits
  • 75.01%Equity capital to assets
  • 13.25%Core capital (leverage) ratio
  • 12.80%Tier 1 risk-based capital ratio
  • 22.29%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $65,335Average earning assets
  • $8,380Average equity
  • $59,211Average loans

List of branches

  • 2 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09200Central State Bank49 Benzie Boulevard, Beulah, MI 49617August 28, 1913Full Service Brick and Mortar
    2254104Benzonia Branch1669 South Benzie Highway, Benzonia, MI 49616March 07, 1977Full Service Brick and Mortar

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

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Central State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents