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

  • Exchange State Bank in Carsonville, Michigan (MI)
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Exchange State Bank - Overview

  • General
  • FDIC Certificate #: 15064
    Status: Active
    Federal Reserve ID: 618544
    Bank Holding Company (Regulatory Top Holder): Exchange State Bank Corp. (RSSDID: 2668468, Location: Carsonville, MI)
    Date Established: June 01, 1901
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 11978
    FDIC's unique #: 9447
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: March 23, 1935
    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: 3992 Chandler Street, Carsonville, MI 48419
    County: Sanilac
    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
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $134.6 mil
    Equity capital: $13.3 mil
    Deposits held in domestic offices: $118.9 mil
    Return on assets (ROA): 0.98% ($1.3 mil)
    Quarterly return on assets: 0.81% ($1.1 mil)
    Return on Equity (ROE): 9.88% ($1.3 mil)
    Quarterly return on equity: 8.03% ($1.0 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.31% ($1,763.0 mil)
    Quarterly Pretax return on assets: 0.98% ($1,318.9 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
  • 35Total employees (full-time equivalent)
  • $134,583Total assets
  • $13,643Cash and due from depository institutions
  • $4,028Interest-bearing balances
  • $24,501Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $90,384Net loans & leases
  • $1,091Loan loss allowance
  • $0Trading account assets
  • $2,177Bank premises and fixed assets
  • $61Other real estate owned
  • $111Goodwill and other intangibles
  • $134,583Life insurance assets
  • $3,706All other assets
  • $121,282Total liabilities and capital
  • $118,905Total liabilities
  • $96,911Total deposits
  • $118,905Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $377Subordinated debt
  • $13,301All other liabilities
  • $13,301Total equity capital
  • $13,301Total bank equity capital
  • $0Perpetual preferred stock
  • $450Common stock
  • $6,750Surplus
  • $6,101Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $968Income earned, not collected on loans
  • $0Earning assets
  • $788Long-term assets (5+ years)
  • $118,913Average Assets, year-to-date
  • $11,814Average Assets, quarterly
  • $127,443Volatile liabilities
  • $130,949Insider loans
  • $108,596FHLB advances
  • $131,312Loans and leases held for sale
  • $1,511Unused loan commitments
  • $1,511Tier 1 (core) risk-based capital
  • $12,868Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,381Restructured Loans and leases
  • $648Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,331Total interest income
  • $1,146Total interest expense
  • $5,185Net interest income
  • $250Provision for loan and lease losses
  • $542Total noninterest income
  • $0Fiduciary activities
  • $230Service charges on deposit accounts
  • $0Trading account gains & fees
  • $312Additional noninterest income
  • $3,807Total noninterest expense
  • $2,440Salaries and employee benefits
  • $542Premises and equipment expense
  • $825Additional noninterest expense
  • $1,670Pre-tax net operating income
  • $0Securities gains (losses)
  • $416Applicable income taxes
  • $1,254Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,254Net income attributable to bank
  • $0Net charge-offs
  • $1,254Cash dividends
  • $277Sale, conversion, retirement of capital stock, net
  • $393Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.46%Yield on earning assets
  • 0.99%Cost of funding earning assets
  • 4.47%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 3.28%Noninterest expense to earning assets
  • 0.98%Net operating income to assets
  • 0.98%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 9.88%Return on equity (ROE)
  • 6.78%Retained earnings to average equity (YTD only)
  • 0.30%Net charge-offs to loans
  • 90.25%Credit loss provision to net charge-offs
  • 6.93%Efficiency ratio
  • 66,475Assets per employee
  • 3.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 31.34%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 112.71%Noncurrent assets plus other real estate owned to assets
  • 0.76%Noncurrent loans to loans
  • 1.06%Net loans and leases to deposits
  • 76.01%Net loans and leases to core deposits
  • 77.76%Equity capital to assets
  • 9.88%Core capital (leverage) ratio
  • 9.80%Tier 1 risk-based capital ratio
  • 11.85%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $127,443Average earning assets
  • $12,696Average equity
  • $116,039Average loans

List of branches

  • 6 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09447Exchange State Bank3992 Chandler Street, Carsonville, MI 48419June 01, 1901Full Service Brick and Mortar
    1233149Port Sanilac Branch55 South Ridge Street, Port Sanilac, MI 48469December 02, 1964Full Service Brick and Mortar
    2233150Applegate Branch2543 Sherman Street, Applegate, MI 48401May 06, 1974Full Service Brick and Mortar
    3233151Sandusky Branch415 Sanilac, Sandusky, MI 48471March 30, 1987Full Service Brick and Mortar
    4233152Deckerville Branch3397 Main Street, Deckerville, MI 48427January 30, 1995Full Service Brick and Mortar
    5478579Brown City Branch4482 Main St, Brown City, MI 48416May 12, 2008Full Service Brick and Mortar

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