FMB-Old State Bank in Fremont, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 1997

  • FMB-Old State Bank in Fremont, Michigan (MI)
  • Show street view No street view available for this location

FMB-Old State Bank - Overview

  • General
  • FDIC Certificate #: 990
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Huntington National Bank (#6560)
    Federal Reserve ID: 858948
    Date Established: January 01, 1883
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 9493
    FDIC's unique #: 652
    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: January 01, 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: 2 West Main Street, Fremont, MI 49412
    County: Newaygo
    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: $76.2 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)
  • $39Total assets
  • $73,134Cash and due from depository institutions
  • $2,412Interest-bearing balances
  • $30Securities
  • $23,891Federal funds sold & reverse repurchase agreements
  • $1,100Net loans & leases
  • $43,763Loan loss allowance
  • $548Trading account assets
  • $0Bank premises and fixed assets
  • $1,021Other real estate owned
  • $0Goodwill and other intangibles
  • $947Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $73,134Total liabilities
  • $68,267Total deposits
  • $65,871Interest-bearing deposits
  • $56,660Deposits held in domestic offices
  • 65871.00%% insured (estimated)
  • $91Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,000Subordinated debt
  • $0All other liabilities
  • $396Total equity capital
  • $396Total bank equity capital
  • $4,867Perpetual preferred stock
  • $0Common stock
  • $782Surplus
  • $1,839Undivided profits
  • Memoranda
  • $2,246Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $131Income earned, not collected on loans
  • $287Earning assets
  • $68,784Long-term assets (5+ years)
  • $7,323Average Assets, year-to-date
  • $69,598Average Assets, quarterly
  • $71,749Volatile liabilities
  • $6,883Insider loans
  • $823FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $4,982Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,886Total risk weighted assets
  • $43,465Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,488Total interest expense
  • $2,596Net interest income
  • $2,892Provision for loan and lease losses
  • $52Total noninterest income
  • $980Fiduciary activities
  • $0Service charges on deposit accounts
  • $324Trading account gains & fees
  • $0Additional noninterest income
  • $656Total noninterest expense
  • $2,457Salaries and employee benefits
  • $1,226Premises and equipment expense
  • $381Additional noninterest expense
  • $850Pre-tax net operating income
  • $1,363Securities gains (losses)
  • $0Applicable income taxes
  • $390Income before extraordinary items
  • $973Extraordinary gains - net
  • $0Net income attributable to bank
  • $973Net charge-offs
  • $65Cash dividends
  • $300Sale, 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
  • 8.47%Cost of funding earning assets
  • 4.01%Net interest margin
  • 4.46%Noninterest income to earning assets
  • 1.51%Noninterest expense to earning assets
  • 3.79%Net operating income to assets
  • 1.40%Return on assets (ROA)
  • 1.40%Pretax return on assets
  • 1.96%Return on equity (ROE)
  • 21.63%Retained earnings to average equity (YTD only)
  • 14.96%Net charge-offs to loans
  • 0.16%Credit loss provision to net charge-offs
  • 80.00%Efficiency ratio
  • 63,456Assets per employee
  • 1.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 30.83%Loss allowance to loans
  • 1.24%Loss allowance to noncurrent loans
  • 418.32%Noncurrent assets plus other real estate owned to assets
  • 0.18%Noncurrent loans to loans
  • 0.30%Net loans and leases to deposits
  • 66.44%Net loans and leases to core deposits
  • 74.19%Equity capital to assets
  • 6.65%Core capital (leverage) ratio
  • 6.83%Tier 1 risk-based capital ratio
  • 11.24%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $69,598Average earning assets
  • $4,498Average equity
  • $64,795Average loans

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