Citizens National Bank of Cheboygan in Cheboygan, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Citizens National Bank of Cheboygan in Cheboygan, Michigan (MI)
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Citizens National Bank of Cheboygan routing number info

Citizens National Bank of Cheboygan - Overview

  • General
  • FDIC Certificate #: 5018
    Status: Active
    Federal Reserve ID: 773742
    Bank Holding Company (Regulatory Top Holder): Cnb Corporation (RSSDID: 1135422, Location: Cheboygan, MI)
    Date Established: January 24, 1931
    WWW: http://www.cnbismybank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 14478
    FDIC's unique #: 3347
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    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: 303 North Main Street, Cheboygan, MI 49721
    County: Cheboygan
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $250.6 mil
    Equity capital: $18.5 mil
    Deposits held in domestic offices: $228.0 mil
    Return on assets (ROA): -0.85% (-$2.1 mil)
    Quarterly return on assets: -1.23% (-$3.1 mil)
    Return on Equity (ROE): -10.68% (-$2.0 mil)
    Quarterly return on equity: -16.40% (-$3.1 mil)
    Net income: -$2.2 mil
    Quarterly Net income: -$0.8 mil
    Pretax return on assets: -1.41% (-$3,534.1 mil)
    Quarterly Pretax return on assets: -1.99% (-$4,987.8 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
  • 75Total employees (full-time equivalent)
  • $250,643Total assets
  • $29,714Cash and due from depository institutions
  • $24,268Interest-bearing balances
  • $84,524Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $116,903Net loans & leases
  • $3,339Loan loss allowance
  • $0Trading account assets
  • $5,210Bank premises and fixed assets
  • $1,600Other real estate owned
  • $607Goodwill and other intangibles
  • $250,643Life insurance assets
  • $12,085All other assets
  • $232,136Total liabilities and capital
  • $227,955Total liabilities
  • $177,987Total deposits
  • $227,955Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,181Subordinated debt
  • $18,507All other liabilities
  • $18,507Total equity capital
  • $18,507Total bank equity capital
  • $0Perpetual preferred stock
  • $3,000Common stock
  • $3,000Surplus
  • $12,507Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,809Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,978Income earned, not collected on loans
  • $0Earning assets
  • $935Long-term assets (5+ years)
  • $225,695Average Assets, year-to-date
  • $62,788Average Assets, quarterly
  • $254,015Volatile liabilities
  • $255,238Insider loans
  • $120,898FHLB advances
  • $249,352Loans and leases held for sale
  • $4,358Unused loan commitments
  • $4,358Tier 1 (core) risk-based capital
  • $17,040Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,917Restructured Loans and leases
  • $1,051Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,462Total interest income
  • $1,451Total interest expense
  • $8,011Net interest income
  • $3,015Provision for loan and lease losses
  • $551Total noninterest income
  • $0Fiduciary activities
  • $727Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$176Additional noninterest income
  • $7,906Total noninterest expense
  • $4,134Salaries and employee benefits
  • $989Premises and equipment expense
  • $2,783Additional noninterest expense
  • -$2,359Pre-tax net operating income
  • -$1,226Securities gains (losses)
  • -$1,428Applicable income taxes
  • -$2,157Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,157Net income attributable to bank
  • $0Net charge-offs
  • -$2,157Cash dividends
  • $2,030Sale, conversion, retirement of capital stock, net
  • $25Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.14%Yield on earning assets
  • 0.63%Cost of funding earning assets
  • 3.50%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 3.46%Noninterest expense to earning assets
  • -0.54%Net operating income to assets
  • -0.85%Return on assets (ROA)
  • -1.41%Pretax return on assets
  • -10.68%Return on equity (ROE)
  • -10.80%Retained earnings to average equity (YTD only)
  • 1.61%Net charge-offs to loans
  • 148.52%Credit loss provision to net charge-offs
  • 0.32%Efficiency ratio
  • 92,338Assets per employee
  • 3.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -1.16%Loss allowance to loans
  • 2.78%Loss allowance to noncurrent loans
  • 168.81%Noncurrent assets plus other real estate owned to assets
  • 1.43%Noncurrent loans to loans
  • 1.65%Net loans and leases to deposits
  • 51.28%Net loans and leases to core deposits
  • 52.33%Equity capital to assets
  • 7.38%Core capital (leverage) ratio
  • 6.83%Tier 1 risk-based capital ratio
  • 14.09%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $254,015Average earning assets
  • $20,195Average equity
  • $228,739Average loans

List of branches

  • 8 Michigan Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    03347Citizens National Bank Of Cheboygan303 North Main Street, Cheboygan, MI 49721January 24, 1931Full Service Brick and Mortar
    1206418Onaway Branch20581 State Street, Onaway, MI 49765December 01, 1966Full Service Brick and Mortar
    2206419Inverness Branch10854 North Straits Highway, Cheboygan, MI 49721April 15, 1968Full Service Brick and Mortar
    3206420Mackinaw Branch580 South Nicolet, Mackinaw City, MI 49701July 22, 1970Full Service Brick and Mortar
    4206421Pellston Branch200 Stimpson Street, Pellston, MI 49769September 03, 1970Full Service Brick and Mortar
    5206422Main Drive-In Branch414 North Division, Cheboygan, MI 49721March 20, 1978Limited Service Facility
    6206423The Indian River Branch3990 Straits Highway, Indian River, MI 49749June 09, 1980Full Service Brick and Mortar
    8465551Alanson Branch8011 S. Us 31, Alanson, MI 49706January 17, 2007Full Service Brick and Mortar

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