Eaton Federal Savings Bank in Charlotte, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Eaton Federal Savings Bank in Charlotte, Michigan (MI)
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Eaton Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29846
    Status: Active
    Federal Reserve ID: 980773
    Date Established: January 01, 1936
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 4194
    FDIC's unique #: 42680
    Numeric code: 34
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: Mortgage Lending Specialization
    Date of Deposit Insurance: March 27, 1937
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 236 South Cochran Avenue, Charlotte, MI 48813
    County: Eaton
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Grand Rapids
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Lansing-East Lansing, MI (#4040)
    Combined Statistical Area (CSA): Lansing-East Lansing-Owosso, MI (#330)
    Core Based Statistical Area (CBSA): Lansing-East Lansing, MI (#29620)
    CBSA Metro Statistical Area: Lansing-East Lansing, MI (#29620)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $321.9 mil
    Equity capital: $44.9 mil
    Deposits held in domestic offices: $254.2 mil
    Return on assets (ROA): 0.32% ($1.0 mil)
    Quarterly return on assets: -0.56% (-$1.8 mil)
    Return on Equity (ROE): 2.25% ($1.0 mil)
    Quarterly return on equity: -3.98% (-$1.8 mil)
    Net income: $1.0 mil
    Quarterly Net income: -$0.5 mil
    Pretax return on assets: 0.48% ($1,545.0 mil)
    Quarterly Pretax return on assets: -0.87% (-$2,800.3 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
  • 63Total employees (full-time equivalent)
  • $321,868Total assets
  • $24,492Cash and due from depository institutions
  • $21,072Interest-bearing balances
  • $82,973Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $191,245Net loans & leases
  • $3,132Loan loss allowance
  • $0Trading account assets
  • $3,853Bank premises and fixed assets
  • $1,546Other real estate owned
  • $213Goodwill and other intangibles
  • $321,868Life insurance assets
  • $17,546All other assets
  • $276,963Total liabilities and capital
  • $254,158Total liabilities
  • $244,398Total deposits
  • $254,158Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $22,300Trading liabilities
  • $0Other borrowed funds
  • $505Subordinated debt
  • $44,905All other liabilities
  • $44,905Total equity capital
  • $44,905Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $44,905Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,953Income earned, not collected on loans
  • $0Earning assets
  • $1,020Long-term assets (5+ years)
  • $295,290Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $318,116Volatile liabilities
  • $321,197Insider loans
  • $146,016FHLB advances
  • $321,254Loans and leases held for sale
  • $11,507Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $44,291Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,840Restructured Loans and leases
  • $2,316Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,896Total interest income
  • $4,017Total interest expense
  • $9,879Net interest income
  • $1,355Provision for loan and lease losses
  • $717Total noninterest income
  • $0Fiduciary activities
  • $406Service charges on deposit accounts
  • $0Trading account gains & fees
  • $311Additional noninterest income
  • $7,996Total noninterest expense
  • $4,334Salaries and employee benefits
  • $1,172Premises and equipment expense
  • $2,490Additional noninterest expense
  • $1,245Pre-tax net operating income
  • $279Securities gains (losses)
  • $520Applicable income taxes
  • $1,004Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,004Net income attributable to bank
  • $0Net charge-offs
  • $1,004Cash dividends
  • $2,212Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.71%Yield on earning assets
  • 1.36%Cost of funding earning assets
  • 3.35%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 2.71%Noninterest expense to earning assets
  • 0.26%Net operating income to assets
  • 0.32%Return on assets (ROA)
  • 0.48%Pretax return on assets
  • 2.25%Return on equity (ROE)
  • 2.25%Retained earnings to average equity (YTD only)
  • 1.07%Net charge-offs to loans
  • 61.26%Credit loss provision to net charge-offs
  • 1.18%Efficiency ratio
  • 75,462Assets per employee
  • 5.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.61%Loss allowance to noncurrent loans
  • 45.05%Noncurrent assets plus other real estate owned to assets
  • 2.64%Noncurrent loans to loans
  • 3.58%Net loans and leases to deposits
  • 75.25%Net loans and leases to core deposits
  • 91.82%Equity capital to assets
  • 13.95%Core capital (leverage) ratio
  • 13.79%Tier 1 risk-based capital ratio
  • 30.33%Total risk-based capital ratio
  • Memoranda
  • $32Average assets
  • $318,116Average earning assets
  • $44,593Average equity
  • $295,295Average loans

List of branches

  • 5 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042680Eaton Federal Savings Bank236 South Cochran Avenue, Charlotte, MI 48813January 01, 1936Full Service Brick and Mortar
    1277452307 South Main Branch307 South Main, Eaton Rapids, MI 48827January 01, 1936Full Service Brick and Mortar
    2277453109 S Main Branch109 South Main, Nashville, MI 49073January 01, 1936Full Service Brick and Mortar
    100277454103 S Main Branch103 South Main, Olivet, MI 49076January 01, 1936Full Service Brick and Mortar
    101277455Grand Ledge Branch500 South Clinton, Grand Ledge, MI 48837January 11, 1993Full Service Brick and Mortar

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