FMB-Reed City Bank in Reed City, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 1997

  • FMB-Reed City Bank in Reed City, Michigan (MI)
  • Show street view No street view available for this location

FMB-Reed City Bank - Overview

  • General
  • FDIC Certificate #: 14001
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Huntington National Bank (#6560)
    Federal Reserve ID: 598440
    Date Established: March 01, 1934
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 52 (Interstate: No)
    OTS Docket #: 14464
    FDIC's unique #: 8756
    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: March 05, 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: Main Street, Reed City, MI 49677
    County: Osceola
    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
  • Financial Summary
  • Total assets: $79.6 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)
  • $37Total assets
  • $72,728Cash and due from depository institutions
  • $4,012Interest-bearing balances
  • $0Securities
  • $35,581Federal funds sold & reverse repurchase agreements
  • $250Net loans & leases
  • $31,287Loan loss allowance
  • $412Trading account assets
  • $0Bank premises and fixed assets
  • $687Other real estate owned
  • $27Goodwill and other intangibles
  • $884Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $72,728Total liabilities
  • $67,755Total deposits
  • $66,356Interest-bearing deposits
  • $57,029Deposits held in domestic offices
  • 66356.00%% insured (estimated)
  • $91Federal funds purchased & repurchase agreements
  • $1,043Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $356Total equity capital
  • $356Total bank equity capital
  • $4,973Perpetual preferred stock
  • $0Common stock
  • $600Surplus
  • $1,700Undivided profits
  • Memoranda
  • $2,673Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $301Income earned, not collected on loans
  • $168Earning assets
  • $67,118Long-term assets (5+ years)
  • $8,553Average Assets, year-to-date
  • $71,835Average Assets, quarterly
  • $72,975Volatile liabilities
  • $4,534Insider loans
  • $164FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,513Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,928Total risk weighted assets
  • $33,374Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,446Total interest expense
  • $2,217Net interest income
  • $3,229Provision for loan and lease losses
  • $318Total noninterest income
  • $878Fiduciary activities
  • $0Service charges on deposit accounts
  • $537Trading account gains & fees
  • $0Additional noninterest income
  • $341Total noninterest expense
  • $2,223Salaries and employee benefits
  • $1,216Premises and equipment expense
  • $271Additional noninterest expense
  • $736Pre-tax net operating income
  • $1,566Securities gains (losses)
  • $0Applicable income taxes
  • $320Income before extraordinary items
  • $1,246Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,246Net charge-offs
  • $251Cash dividends
  • $750Sale, 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
  • 8.10%Cost of funding earning assets
  • 3.30%Net interest margin
  • 4.80%Noninterest income to earning assets
  • 1.31%Noninterest expense to earning assets
  • 3.30%Net operating income to assets
  • 1.73%Return on assets (ROA)
  • 1.73%Pretax return on assets
  • 2.18%Return on equity (ROE)
  • 26.50%Retained earnings to average equity (YTD only)
  • 10.55%Net charge-offs to loans
  • 0.85%Credit loss provision to net charge-offs
  • 126.69%Efficiency ratio
  • 54,127Assets per employee
  • 1.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.19%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 136.88%Noncurrent assets plus other real estate owned to assets
  • 0.45%Noncurrent loans to loans
  • 0.95%Net loans and leases to deposits
  • 47.15%Net loans and leases to core deposits
  • 49.77%Equity capital to assets
  • 6.84%Core capital (leverage) ratio
  • 6.71%Tier 1 risk-based capital ratio
  • 14.77%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $71,835Average earning assets
  • $4,702Average equity
  • $67,274Average loans

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