FMB-Security Bank in Manistee, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 1997

FMB-Security Bank in Manistee, Michigan (MI)
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FMB-Security Bank - Overview

General
FDIC Certificate #: 17914
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Huntington National Bank (#6560)
Federal Reserve ID: 196444
Date Established: October 09, 1958
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 11894
FDIC's unique #: 11852
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 09, 1958
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: 322 First Street, Manistee, MI 49660
County: Manistee
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: $110.0 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)
$49Total assets
$107,179Cash and due from depository institutions
$3,639Interest-bearing balances
$21Securities
$33,462Federal funds sold & reverse repurchase agreements
$1,200Net loans & leases
$66,543Loan loss allowance
$856Trading account assets
$0Bank premises and fixed assets
$848Other real estate owned
$37Goodwill and other intangibles
$1,450Life insurance assets
$0All other assets
$0Total liabilities and capital
$107,179Total liabilities
$99,988Total deposits
$95,854Interest-bearing deposits
$85,177Deposits held in domestic offices
95854.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$729Trading liabilities
$0Other borrowed funds
$2,791Subordinated debt
$0All other liabilities
$614Total equity capital
$614Total bank equity capital
$7,191Perpetual preferred stock
$0Common stock
$1,011Surplus
$5,011Undivided profits
Memoranda
$1,169Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$684Income earned, not collected on loans
$389Earning assets
$101,226Long-term assets (5+ years)
$17,439Average Assets, year-to-date
$104,461Average Assets, quarterly
$106,825Volatile liabilities
$10,868Insider loans
$6,600FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$8,974Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,198Total risk weighted assets
$65,291Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$8,317Total interest expense
$3,485Net interest income
$4,832Provision for loan and lease losses
$44Total noninterest income
$717Fiduciary activities
$16Service charges on deposit accounts
$444Trading account gains & fees
$0Additional noninterest income
$257Total noninterest expense
$3,223Salaries and employee benefits
$1,901Premises and equipment expense
$431Additional noninterest expense
$891Pre-tax net operating income
$2,282Securities gains (losses)
-$6Applicable income taxes
$552Income before extraordinary items
$1,724Extraordinary gains - net
$0Net income attributable to bank
$1,724Net charge-offs
-$2Cash dividends
$1,300Sale, 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
8.43%Cost of funding earning assets
3.53%Net interest margin
4.90%Noninterest income to earning assets
0.73%Noninterest expense to earning assets
3.27%Net operating income to assets
1.65%Return on assets (ROA)
1.65%Pretax return on assets
2.18%Return on equity (ROE)
25.08%Retained earnings to average equity (YTD only)
6.17%Net charge-offs to loans
-0.00%Credit loss provision to net charge-offs
-2200.00%Efficiency ratio
58,083Assets per employee
2.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
75.41%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
125.15%Noncurrent assets plus other real estate owned to assets
0.67%Noncurrent loans to loans
1.01%Net loans and leases to deposits
69.42%Net loans and leases to core deposits
77.52%Equity capital to assets
6.71%Core capital (leverage) ratio
6.70%Tier 1 risk-based capital ratio
11.02%Total risk-based capital ratio
Memoranda
$12Average assets
$104,461Average earning assets
$6,875Average equity
$98,680Average loans

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