FDIC Certificate #: 10548 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Superior National Bank & Trust Company (#5058) Federal Reserve ID: 351355 Date Established: July 17, 1912 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 6754 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: January 01, 2009 Last Structure Change Process Date: March 03, 2009 Last Data Update: March 03, 2009 Data Source Date: April 05, 2012
Location
Address: 1 East Broad Street, L'anse, MI 49946 County: Baraga Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Appleton Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central
Financial Summary
Total assets: $65.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
17Total employees (full-time equivalent)
$65,572Total assets
$2,456Cash and due from depository institutions
$99Interest-bearing balances
$24,253Securities
$100Federal funds sold & reverse repurchase agreements
$36,278Net loans & leases
$495Loan loss allowance
$0Trading account assets
$1,252Bank premises and fixed assets
$486Other real estate owned
$169Goodwill and other intangibles
$0Life insurance assets
$578All other assets
$65,572Total liabilities and capital
$57,325Total liabilities
$56,710Total deposits
$51,000Interest-bearing deposits
$56,710Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$615All other liabilities
$8,247Total equity capital
$8,247Total bank equity capital
$8,247Perpetual preferred stock
$0Common stock
$600Surplus
$3,697Undivided profits
Memoranda
$3,950Noncurrent loans and leases
$715Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$144Earning assets
$0Long-term assets (5+ years)
$387Average Assets, year-to-date
$60,730Average Assets, quarterly
$10,360Volatile liabilities
$66,045Insider loans
$65,813FHLB advances
$7,542Loans and leases held for sale
$92Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$715Total unused commitments
$0Restructured Loans and leases
$447Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$3,804Total interest income
$1,386Total interest expense
$2,418Net interest income
$75Provision for loan and lease losses
$228Total noninterest income
$0Fiduciary activities
$155Service charges on deposit accounts
$0Trading account gains & fees
$73Additional noninterest income
$1,715Total noninterest expense
$940Salaries and employee benefits
$281Premises and equipment expense
$494Additional noninterest expense
$856Pre-tax net operating income
$0Securities gains (losses)
$165Applicable income taxes
$691Income before extraordinary items
$0Extraordinary gains - net
$691Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$125Sale, conversion, retirement of capital stock, net
$465Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.18%Yield on earning assets
2.25%Cost of funding earning assets
3.93%Net interest margin
0.37%Noninterest income to earning assets
2.79%Noninterest expense to earning assets
1.05%Net operating income to assets
1.05%Return on assets (ROA)
1.30%Pretax return on assets
8.76%Return on equity (ROE)
2.86%Retained earnings to average equity (YTD only)
0.34%Net charge-offs to loans
60.00%Credit loss provision to net charge-offs
7.45%Efficiency ratio
64,815Assets per employee
3.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
67.29%Loss allowance to loans
1.35%Loss allowance to noncurrent loans
343.75%Noncurrent assets plus other real estate owned to assets
0.96%Noncurrent loans to loans
0.39%Net loans and leases to deposits
63.97%Net loans and leases to core deposits
73.78%Equity capital to assets
12.58%Core capital (leverage) ratio
11.56%Tier 1 risk-based capital ratio
21.45%Total risk-based capital ratio
Memoranda
$23Average assets
$66,045Average earning assets
$7,892Average equity
$61,531Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Commercial National Bank of L'Anse.
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.
Comment about this bank, ask questions, or add new information about it: