FMB-Maynard Allen Bank in Portland, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 1997

  • FMB-Maynard Allen Bank in Portland, Michigan (MI)
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FMB-Maynard Allen Bank - Overview

  • General
  • FDIC Certificate #: 14747
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Huntington National Bank (#6560)
    Federal Reserve ID: 780544
    Date Established: January 01, 1906
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 9225
    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: July 16, 1934
    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: 1235 East Bridge Street, Portland, MI 48875
    County: Ionia
    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
    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: $79.5 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)
  • $35Total assets
  • $77,360Cash and due from depository institutions
  • $3,640Interest-bearing balances
  • $0Securities
  • $29,078Federal funds sold & reverse repurchase agreements
  • $1,200Net loans & leases
  • $41,860Loan loss allowance
  • $537Trading account assets
  • $0Bank premises and fixed assets
  • $679Other real estate owned
  • $0Goodwill and other intangibles
  • $903Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $77,360Total liabilities
  • $72,333Total deposits
  • $71,913Interest-bearing deposits
  • $63,176Deposits held in domestic offices
  • 71913.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $46Subordinated debt
  • $0All other liabilities
  • $374Total equity capital
  • $374Total bank equity capital
  • $5,027Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $2,500Undivided profits
  • Memoranda
  • $2,327Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $32Income earned, not collected on loans
  • $249Earning assets
  • $72,138Long-term assets (5+ years)
  • $14,357Average Assets, year-to-date
  • $70,695Average Assets, quarterly
  • $75,544Volatile liabilities
  • $9,979Insider loans
  • $829FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $7,377Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,006Total risk weighted assets
  • $43,804Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,560Total interest expense
  • $2,456Net interest income
  • $3,104Provision for loan and lease losses
  • $125Total noninterest income
  • $363Fiduciary activities
  • $0Service charges on deposit accounts
  • $214Trading account gains & fees
  • $0Additional noninterest income
  • $149Total noninterest expense
  • $2,169Salaries and employee benefits
  • $1,240Premises and equipment expense
  • $299Additional noninterest expense
  • $630Pre-tax net operating income
  • $1,173Securities gains (losses)
  • $0Applicable income taxes
  • $245Income before extraordinary items
  • $928Extraordinary gains - net
  • $0Net income attributable to bank
  • $928Net charge-offs
  • $56Cash dividends
  • $350Sale, 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
  • 8.33%Cost of funding earning assets
  • 3.68%Net interest margin
  • 4.65%Noninterest income to earning assets
  • 0.54%Noninterest expense to earning assets
  • 3.25%Net operating income to assets
  • 1.31%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 1.66%Return on equity (ROE)
  • 20.10%Retained earnings to average equity (YTD only)
  • 12.52%Net charge-offs to loans
  • 0.14%Credit loss provision to net charge-offs
  • 223.21%Efficiency ratio
  • 62,561Assets per employee
  • 2.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 37.72%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 1678.13%Noncurrent assets plus other real estate owned to assets
  • 0.04%Noncurrent loans to loans
  • 0.08%Net loans and leases to deposits
  • 58.21%Net loans and leases to core deposits
  • 67.59%Equity capital to assets
  • 6.50%Core capital (leverage) ratio
  • 6.60%Tier 1 risk-based capital ratio
  • 11.43%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $70,695Average earning assets
  • $4,617Average equity
  • $66,740Average loans

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