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

Central State Bank in Beulah, Michigan (MI)
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Central State Bank routing number info

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

No	ID	Name	Address	Established	Service Type	Map
0	9200	Central State Bank	49 Benzie Boulevard, Beulah, MI 49617	August 28, 1913	Full Service Brick and Mortar
2	254104	Benzonia Branch	1669 South Benzie Highway, Benzonia, MI 49616	March 07, 1977	Full Service Brick and Mortar

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

Central State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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