Commercial Bank in Alma, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Commercial Bank in Alma, Michigan (MI)
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Commercial Bank - Overview

  • General
  • FDIC Certificate #: 18584
    Status: Active
    Federal Reserve ID: 513340
    Bank Holding Company (Regulatory Top Holder): Commercial National Financial Corporation (RSSDID: 1249299, Location: Ithaca, MI)
    Date Established: August 29, 1962
    WWW: http://www.commercial-bank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 13502
    FDIC's unique #: 12471
    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: August 29, 1962
    Last Structure Change Effective Date: July 16, 2010
    Last Structure Change Process Date: July 19, 2010
    Last Data Update: July 19, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 North State Street, Alma, MI 48801
    County: Gratiot
    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
    Core Based Statistical Area (CBSA): Alma, MI (#10940)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $374.9 mil
    Equity capital: $29.9 mil
    Deposits held in domestic offices: $320.7 mil
    Return on assets (ROA): 0.64% ($2.4 mil)
    Quarterly return on assets: 0.50% ($1.9 mil)
    Return on Equity (ROE): 8.52% ($2.6 mil)
    Quarterly return on equity: 6.30% ($1.9 mil)
    Net income: $2.5 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.91% ($3,411.7 mil)
    Quarterly Pretax return on assets: 0.71% ($2,661.9 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
  • 106Total employees (full-time equivalent)
  • $374,917Total assets
  • $28,225Cash and due from depository institutions
  • $22,994Interest-bearing balances
  • $34,385Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $288,238Net loans & leases
  • $2,967Loan loss allowance
  • $0Trading account assets
  • $4,087Bank premises and fixed assets
  • $2,515Other real estate owned
  • $810Goodwill and other intangibles
  • $374,917Life insurance assets
  • $16,657All other assets
  • $344,968Total liabilities and capital
  • $320,675Total liabilities
  • $279,026Total deposits
  • $320,675Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 8726.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $14,655Trading liabilities
  • $0Other borrowed funds
  • $912Subordinated debt
  • $29,949All other liabilities
  • $29,949Total equity capital
  • $29,949Total bank equity capital
  • $0Perpetual preferred stock
  • $2,716Common stock
  • $10,084Surplus
  • $17,149Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,812Income earned, not collected on loans
  • $322Earning assets
  • $1,419Long-term assets (5+ years)
  • $345,617Average Assets, year-to-date
  • $158,731Average Assets, quarterly
  • $389,929Volatile liabilities
  • $379,463Insider loans
  • $229,739FHLB advances
  • $381,721Loans and leases held for sale
  • $7,272Unused loan commitments
  • $7,272Tier 1 (core) risk-based capital
  • $28,757Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $23,450Restructured Loans and leases
  • $5,951Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,915Total interest income
  • $5,708Total interest expense
  • $13,207Net interest income
  • $1,049Provision for loan and lease losses
  • $1,687Total noninterest income
  • $0Fiduciary activities
  • $745Service charges on deposit accounts
  • $0Trading account gains & fees
  • $942Additional noninterest income
  • $10,305Total noninterest expense
  • $4,926Salaries and employee benefits
  • $1,253Premises and equipment expense
  • $4,126Additional noninterest expense
  • $3,540Pre-tax net operating income
  • -$4Securities gains (losses)
  • $1,052Applicable income taxes
  • $2,484Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,484Net income attributable to bank
  • $0Net charge-offs
  • $2,484Cash dividends
  • $2,745Sale, conversion, retirement of capital stock, net
  • $1,256Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.28%Yield on earning assets
  • 1.59%Cost of funding earning assets
  • 3.69%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 2.88%Noninterest expense to earning assets
  • 0.64%Net operating income to assets
  • 0.64%Return on assets (ROA)
  • 0.91%Pretax return on assets
  • 8.52%Return on equity (ROE)
  • 4.21%Retained earnings to average equity (YTD only)
  • 0.92%Net charge-offs to loans
  • 38.21%Credit loss provision to net charge-offs
  • 1.67%Efficiency ratio
  • 68,471Assets per employee
  • 3.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.56%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 30.24%Noncurrent assets plus other real estate owned to assets
  • 3.29%Noncurrent loans to loans
  • 3.37%Net loans and leases to deposits
  • 89.88%Net loans and leases to core deposits
  • 121.52%Equity capital to assets
  • 7.99%Core capital (leverage) ratio
  • 7.53%Tier 1 risk-based capital ratio
  • 12.52%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $389,929Average earning assets
  • $29,138Average equity
  • $357,940Average loans

List of branches

  • 10 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012471Commercial Bank301 North State Street, Alma, MI 48801August 29, 1962Full Service Brick and Mortar
    1245795Wright Avenue Branch1500 Wright Avenue, Alma, MI 48801June 01, 1971Full Service Brick and Mortar
    3245797Drive-In Branch119 West Center Street, Alma, MI 48801March 05, 1979Limited Service Facility
    43353Ithaca Branch101 North Pine River, Ithaca, MI 48847January 01, 1893Full Service Brick and Mortar
    5206699Middleton Branch101 North Newton Street, Middleton, MI 48856August 15, 1958Full Service Brick and Mortar
    7245798St. Louis Branch111 Mill Street, St. Louis, MI 48880October 09, 1989Full Service Brick and Mortar
    11419739Greenville West Branch10530 W Carson City Rd, Greenville, MI 48838October 14, 2002Full Service Brick and Mortar
    12419740Mt Pleasant Branch1234 E Broomfield Suite 8, Mount Pleasant, MI 48858June 23, 2003Full Service Brick and Mortar
    1340970Mainstreet Savings Bank Branch629 West State Street, Hastings, MI 49058January 01, 1924Full Service Brick and Mortar
    14265184802 Fourth Ave Branch802 Fourth Avenue, Lake Odessa, MI 48849January 01, 1924Full Service Brick and Mortar

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