FMB-First Michigan Bank in Grand Rapids, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 1997

  • FMB-First Michigan Bank in Grand Rapids, Michigan (MI)
  • Show street view No street view available for this location

FMB-First Michigan Bank - Overview

  • General
  • FDIC Certificate #: 22128
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Huntington National Bank (#6560)
    Federal Reserve ID: 83441
    Date Established: October 01, 1975
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Interstate: No)
    OTS Docket #: 12233
    FDIC's unique #: 15369
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 01, 1975
    Last Structure Change Effective Date: September 30, 1997
    Last Structure Change Process Date: October 06, 1997
    Last Data Update: October 06, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 173 Ottawa Avenue, N.W., Grand Rapids, MI 49503
    County: Kent
    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): Grand Rapids-Muskegon-Holland, MI (#3000)
    Combined Statistical Area (CSA): Grand Rapids-Muskegon-Holland, MI (#266)
    Core Based Statistical Area (CBSA): Grand Rapids-Wyoming, MI (#24340)
    CBSA Metro Statistical Area: Grand Rapids-Wyoming, MI (#24340)
  • Financial Summary
  • Total assets: $567.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $229Total assets
  • $542,893Cash and due from depository institutions
  • $25,592Interest-bearing balances
  • $67Securities
  • $91,618Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $411,378Loan loss allowance
  • $5,209Trading account assets
  • $0Bank premises and fixed assets
  • $8,505Other real estate owned
  • $95Goodwill and other intangibles
  • $5,705Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $542,893Total liabilities
  • $500,676Total deposits
  • $462,523Interest-bearing deposits
  • $402,004Deposits held in domestic offices
  • 462523.00%% insured (estimated)
  • $66Federal funds purchased & repurchase agreements
  • $12,746Trading liabilities
  • $0Other borrowed funds
  • $22,019Subordinated debt
  • $0All other liabilities
  • $3,388Total equity capital
  • $3,388Total bank equity capital
  • $42,217Perpetual preferred stock
  • $0Common stock
  • $900Surplus
  • $19,950Undivided profits
  • Memoranda
  • $21,367Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,692Income earned, not collected on loans
  • $2,385Earning assets
  • $503,063Long-term assets (5+ years)
  • $58,381Average Assets, year-to-date
  • $502,676Average Assets, quarterly
  • $533,911Volatile liabilities
  • $157,058Insider loans
  • $8,151FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $99,253Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $42,102Total risk weighted assets
  • $450,957Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $41,447Total interest expense
  • $21,104Net interest income
  • $20,343Provision for loan and lease losses
  • $2,771Total noninterest income
  • $4,363Fiduciary activities
  • $761Service charges on deposit accounts
  • $1,989Trading account gains & fees
  • $0Additional noninterest income
  • $1,613Total noninterest expense
  • $14,910Salaries and employee benefits
  • $7,903Premises and equipment expense
  • $2,653Additional noninterest expense
  • $4,354Pre-tax net operating income
  • $7,025Securities gains (losses)
  • -$15Applicable income taxes
  • $2,023Income before extraordinary items
  • $4,987Extraordinary gains - net
  • $0Net income attributable to bank
  • $4,987Net charge-offs
  • $1,990Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.86%Cost of funding earning assets
  • 4.51%Net interest margin
  • 4.35%Noninterest income to earning assets
  • 0.93%Noninterest expense to earning assets
  • 3.19%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 0.99%Pretax return on assets
  • 1.39%Return on equity (ROE)
  • 13.04%Retained earnings to average equity (YTD only)
  • 13.04%Net charge-offs to loans
  • 0.52%Credit loss provision to net charge-offs
  • 139.25%Efficiency ratio
  • 60,350Assets per employee
  • 2.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 307.86%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.41%Net loans and leases to deposits
  • 88.94%Net loans and leases to core deposits
  • 126.11%Equity capital to assets
  • 7.78%Core capital (leverage) ratio
  • 8.00%Tier 1 risk-based capital ratio
  • 9.34%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $502,676Average earning assets
  • $38,234Average equity
  • $467,946Average 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 FMB-First Michigan Bank.
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.
Table of Contents