Community Bank in Caro, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 05, 2007

  • Community Bank in Caro, Michigan (MI)
  • Show street view No street view available for this location

Community Bank - Overview

  • General
  • FDIC Certificate #: 1587
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Northstar Bank (#57097)
    Federal Reserve ID: 570848
    Date Established: January 01, 1926
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 11723
    FDIC's unique #: 1038
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 05, 2007
    Last Structure Change Process Date: Febuary 15, 2007
    Last Data Update: Febuary 15, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1100 East Caro Road, Caro, MI 48723
    County: Tuscola
    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
  • Financial Summary
  • Total assets: $77.8 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, 2006)

  • Dollar figures in thousands
  • 20Total employees (full-time equivalent)
  • $77,822Total assets
  • $5,431Cash and due from depository institutions
  • $0Interest-bearing balances
  • $20,569Securities
  • $11,450Federal funds sold & reverse repurchase agreements
  • $36,002Net loans & leases
  • $343Loan loss allowance
  • $0Trading account assets
  • $2,126Bank premises and fixed assets
  • $142Other real estate owned
  • $0Goodwill and other intangibles
  • $1,528Life insurance assets
  • $2,102All other assets
  • $77,822Total liabilities and capital
  • $70,799Total liabilities
  • $70,438Total deposits
  • $62,173Interest-bearing deposits
  • $70,438Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $89Other borrowed funds
  • $0Subordinated debt
  • $272All other liabilities
  • $7,023Total equity capital
  • $7,023Total bank equity capital
  • $7,023Perpetual preferred stock
  • $0Common stock
  • $687Surplus
  • $2,093Undivided profits
  • Memoranda
  • $4,243Noncurrent loans and leases
  • $2,012Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $348Earning assets
  • $0Long-term assets (5+ years)
  • $404Average Assets, year-to-date
  • $68,021Average Assets, quarterly
  • $12,761Volatile liabilities
  • $78,680Insider loans
  • $79,530FHLB advances
  • $4,865Loans and leases held for sale
  • $83Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,012Total unused commitments
  • $0Restructured Loans and leases
  • $343Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $3,762Total interest income
  • $1,823Total interest expense
  • $1,939Net interest income
  • $22Provision for loan and lease losses
  • $235Total noninterest income
  • $0Fiduciary activities
  • $95Service charges on deposit accounts
  • $0Trading account gains & fees
  • $140Additional noninterest income
  • $2,166Total noninterest expense
  • $1,377Salaries and employee benefits
  • $452Premises and equipment expense
  • $337Additional noninterest expense
  • -$14Pre-tax net operating income
  • $2Securities gains (losses)
  • $0Applicable income taxes
  • -$12Income before extraordinary items
  • $0Extraordinary gains - net
  • -$12Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$15Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.34%Yield on earning assets
  • 2.59%Cost of funding earning assets
  • 2.75%Net interest margin
  • 0.33%Noninterest income to earning assets
  • 3.07%Noninterest expense to earning assets
  • -0.02%Net operating income to assets
  • -0.02%Return on assets (ROA)
  • -0.02%Pretax return on assets
  • -0.17%Return on equity (ROE)
  • -0.17%Retained earnings to average equity (YTD only)
  • -0.04%Net charge-offs to loans
  • -146.67%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 99,632Assets per employee
  • 3.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.94%Loss allowance to noncurrent loans
  • 98.56%Noncurrent assets plus other real estate owned to assets
  • 0.63%Noncurrent loans to loans
  • 0.96%Net loans and leases to deposits
  • 51.11%Net loans and leases to core deposits
  • 54.83%Equity capital to assets
  • 9.02%Core capital (leverage) ratio
  • 9.45%Tier 1 risk-based capital ratio
  • 15.09%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $78,680Average earning assets
  • $6,959Average equity
  • $70,456Average loans

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