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- Banks in Michigan (MI)
- FSB Bank
FSB Bank in Breckenridge, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of April 16, 2007
- FSB Bank in Breckenridge, Michigan (MI)
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FSB Bank - Overview
- General
- FDIC Certificate #: 9716
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Isabella Bank (#1005)
Federal Reserve ID: 691145
Date Established: August 02, 1909
WWW: http://www.fsbb.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 14719
FDIC's unique #: 6214
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 16, 2007
Last Structure Change Process Date: June 05, 2007
Last Data Update: June 05, 2007
Data Source Date: April 05, 2012 - Location
- Address: 316 East Saginaw Street, Breckenridge, MI 48615
County: Gratiot
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Detroit
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Core Based Statistical Area (CBSA): Alma, MI (#10940)
CBSA Micro Statistical Area: Yes - Financial Summary
- Total assets: $260.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2006)
- Dollar figures in thousands
- 60Total employees (full-time equivalent)
- $260,577Total assets
- $6,432Cash and due from depository institutions
- $251Interest-bearing balances
- $54,581Securities
- $5,504Federal funds sold & reverse repurchase agreements
- $160,410Net loans & leases
- $3,038Loan loss allowance
- $0Trading account assets
- $2,768Bank premises and fixed assets
- $530Other real estate owned
- $23,945Goodwill and other intangibles
- $2,284Life insurance assets
- $6,407All other assets
- $260,577Total liabilities and capital
- $208,272Total liabilities
- $195,566Total deposits
- $171,317Interest-bearing deposits
- $195,566Deposits held in domestic offices
- 0.00%% insured (estimated)
- $85Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $11,000Other borrowed funds
- $0Subordinated debt
- $1,621All other liabilities
- $52,305Total equity capital
- $52,305Total bank equity capital
- $52,305Perpetual preferred stock
- $0Common stock
- $3,425Surplus
- $30,868Undivided profits
- Memoranda
- $18,012Noncurrent loans and leases
- $11,290Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $2,912Earning assets
- $0Long-term assets (5+ years)
- $2,369Average Assets, year-to-date
- $220,746Average Assets, quarterly
- $44,360Volatile liabilities
- $162,381Insider loans
- $200,491FHLB advances
- $39,446Loans and leases held for sale
- $3,024Unused loan commitments
- $11,000Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $238Total risk weighted assets
- $11,290Total unused commitments
- $57Restructured Loans and leases
- $1,894Derivatives
Income and Expense (December 31, 2006)
- Dollar figures in thousands
- $10,200Total interest income
- $4,128Total interest expense
- $6,072Net interest income
- $150Provision for loan and lease losses
- $950Total noninterest income
- $0Fiduciary activities
- $612Service charges on deposit accounts
- $0Trading account gains & fees
- $338Additional noninterest income
- $4,192Total noninterest expense
- $2,149Salaries and employee benefits
- $619Premises and equipment expense
- $1,424Additional noninterest expense
- $2,680Pre-tax net operating income
- -$26Securities gains (losses)
- $730Applicable income taxes
- $1,924Income before extraordinary items
- $0Extraordinary gains - net
- $1,924Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $104Sale, conversion, retirement of capital stock, net
- $900Net operating income
Performance and Condition Ratios (December 31, 2006)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 6.94%Yield on earning assets
- 2.81%Cost of funding earning assets
- 4.13%Net interest margin
- 0.65%Noninterest income to earning assets
- 2.85%Noninterest expense to earning assets
- 1.20%Net operating income to assets
- 1.18%Return on assets (ROA)
- 1.63%Pretax return on assets
- 9.21%Return on equity (ROE)
- 4.90%Retained earnings to average equity (YTD only)
- 0.09%Net charge-offs to loans
- 144.23%Credit loss provision to net charge-offs
- 27.21%Efficiency ratio
- 58,772Assets per employee
- 4.34%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 46.78%Loss allowance to loans
- 1.86%Loss allowance to noncurrent loans
- 104.33%Noncurrent assets plus other real estate owned to assets
- 1.32%Noncurrent loans to loans
- 1.78%Net loans and leases to deposits
- 82.02%Net loans and leases to core deposits
- 102.69%Equity capital to assets
- 20.07%Core capital (leverage) ratio
- 12.32%Tier 1 risk-based capital ratio
- 19.13%Total risk-based capital ratio
- Memoranda
- $20Average assets
- $162,381Average earning assets
- $20,881Average equity
- $146,919Average loans
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- Banks in Michigan (MI)
- FSB Bank
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