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


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

  • General
  • FDIC Certificate #: 34957
    Status: Active
    Federal Reserve ID: 2735173
    Bank Holding Company (Regulatory Top Holder): Clarkston Financial Corporation (RSSDID: 2735164, Location: Waterford, MI)
    Date Established: December 18, 1998
    WWW: http://www.clarkstonstatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 62131
    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: December 18, 1998
    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: 15 South Main Street, Clarkston, MI 48346
    County: Oakland
    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): Detroit, MI (#2160)
    Consolidated Metropolitan Statistical Area (CMSA): Detroit-Ann Arbor-Flint, MI (#35)
    Combined Statistical Area (CSA): Detroit-Warren-Flint, MI (#220)
    Core Based Statistical Area (CBSA): Detroit-Warren-Livonia, MI (#19820)
    CBSA Metro Statistical Area: Detroit-Warren-Livonia, MI (#19820)
    Core Based Statistical Division: Warren-Troy-Farmington Hills, MI (#47644)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $114.3 mil
    Equity capital: $8.7 mil
    Deposits held in domestic offices: $105.3 mil
    Return on assets (ROA): -3.02% (-$3.4 mil)
    Quarterly return on assets: -12.19% (-$13.9 mil)
    Return on Equity (ROE): -40.44% (-$3.6 mil)
    Quarterly return on equity: -147.85% (-$13.3 mil)
    Net income: -$3.3 mil
    Quarterly Net income: -$3.5 mil
    Pretax return on assets: -3.02% (-$3,450.7 mil)
    Quarterly Pretax return on assets: -12.19% (-$13,928.4 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
  • 31Total employees (full-time equivalent)
  • $114,261Total assets
  • $9,670Cash and due from depository institutions
  • $4,924Interest-bearing balances
  • $9,412Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $85,216Net loans & leases
  • $2,865Loan loss allowance
  • $0Trading account assets
  • $4,547Bank premises and fixed assets
  • $4,411Other real estate owned
  • $0Goodwill and other intangibles
  • $114,261Life insurance assets
  • $1,005All other assets
  • $105,563Total liabilities and capital
  • $105,322Total liabilities
  • $80,993Total deposits
  • $105,322Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $241Subordinated debt
  • $8,698All other liabilities
  • $8,698Total equity capital
  • $8,698Total bank equity capital
  • $0Perpetual preferred stock
  • $4,351Common stock
  • $21,565Surplus
  • $-17,218Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,244Income earned, not collected on loans
  • $0Earning assets
  • $247Long-term assets (5+ years)
  • $99,552Average Assets, year-to-date
  • $16,513Average Assets, quarterly
  • $110,866Volatile liabilities
  • $114,456Insider loans
  • $95,637FHLB advances
  • $115,141Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,568Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,591Restructured Loans and leases
  • $4,064Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,443Total interest income
  • $705Total interest expense
  • $4,738Net interest income
  • $2,859Provision for loan and lease losses
  • -$333Total noninterest income
  • $0Fiduciary activities
  • $326Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$659Additional noninterest income
  • $4,946Total noninterest expense
  • $2,015Salaries and employee benefits
  • $522Premises and equipment expense
  • $2,409Additional noninterest expense
  • -$3,400Pre-tax net operating income
  • $55Securities gains (losses)
  • $0Applicable income taxes
  • -$3,345Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,345Net income attributable to bank
  • $0Net charge-offs
  • -$3,345Cash dividends
  • $2,559Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.56%Yield on earning assets
  • 0.72%Cost of funding earning assets
  • 4.84%Net interest margin
  • -0.34%Noninterest income to earning assets
  • 5.06%Noninterest expense to earning assets
  • -3.07%Net operating income to assets
  • -3.02%Return on assets (ROA)
  • -3.02%Pretax return on assets
  • -40.44%Return on equity (ROE)
  • -40.44%Retained earnings to average equity (YTD only)
  • 3.01%Net charge-offs to loans
  • 111.72%Credit loss provision to net charge-offs
  • -0.21%Efficiency ratio
  • 112,281Assets per employee
  • 3.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.25%Loss allowance to noncurrent loans
  • 127.67%Noncurrent assets plus other real estate owned to assets
  • 5.82%Noncurrent loans to loans
  • 2.55%Net loans and leases to deposits
  • 80.91%Net loans and leases to core deposits
  • 83.34%Equity capital to assets
  • 7.61%Core capital (leverage) ratio
  • 7.44%Tier 1 risk-based capital ratio
  • 8.96%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $110,866Average earning assets
  • $8,271Average equity
  • $97,812Average loans

List of branches

  • 4 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    062131Clarkston State Bank15 South Main Street, Clarkston, MI 48346December 18, 1998Full Service Brick and Mortar
    1224593Sashabaw Branch6461 Sashabaw Road, Clarkston, MI 48346April 14, 1994Full Service Retail
    2360249Waterford Township Branch6600 Highland Road, Waterford, MI 48328June 08, 2001Full Service Brick and Mortar
    7441938Clarkston State Bank M-15 Branch5800 S Main St, Clarkston, MI 48346December 13, 2004Full Service Brick and Mortar

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