First National Bank of America in East Lansing, Michigan (MI)

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First National Bank of America
GeneralFDIC Certificate #: 17438
Status: Active
Federal Reserve ID: 413141
Bank Holding Company (Regulatory Top Holder): First National Bancshares, Inc. (RSSDID: 1206313, Location: East Lansing, MI)
Date Established: May 06, 1955
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 11072
FDIC's unique #: 11431
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: May 06, 1955
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 241 East Saginaw, East Lansing, MI 48823
County: Ingham
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
Metropolitan Statistical Area (MSA): Lansing-East Lansing, MI (#4040)
Combined Statistical Area (CSA): Lansing-East Lansing-Owosso, MI (#330)
Core Based Statistical Area (CBSA): Lansing-East Lansing, MI (#29620)
CBSA Metro Statistical Area: Lansing-East Lansing, MI (#29620)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $569.5 mil
Equity capital: $67.5 mil
Deposits held in domestic offices: $481.5 mil
Return on assets (ROA): 1.15% ($6.6 mil)
Quarterly return on assets: 0.58% ($3.3 mil)
Return on Equity (ROE): 8.47% ($5.8 mil)
Quarterly return on equity: 5.02% ($3.4 mil)
Net income: $6.0 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 1.71% ($9,739.2 mil)
Quarterly Pretax return on assets: 0.84% ($4,784.1 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)181
Total assets$569,541
Cash and due from depository institutions$97,846
Interest-bearing balances$89,296
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$414,512
Loan loss allowance $10,252
Trading account assets$0
Bank premises and fixed assets$5,323
Other real estate owned$8,822
Goodwill and other intangibles$0
All other assets$16,024
Life insurance assets$569,541
Total liabilities and capital$502,010
Total liabilities$481,503
Total deposits$452,208
Interest-bearing deposits$481,503
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$16,000
Other borrowed funds $0
Subordinated debt $4,507
All other liabilities $67,531
Total equity capital$67,531
Total bank equity capital$67,531
Perpetual preferred stock$0
Common stock$420
Undivided profits $62,352
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,014
Income earned, not collected on loans $30,607
Earning assets $0
Long-term assets (5+ years) $2,604
Average Assets, year-to-date $530,822
Average Assets, quarterly $292,284
Volatile liabilities $520,215
Insider loans $578,713
FHLB advances $335,827
Loans and leases held for sale $588,270
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $66,927
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $14,556
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $43,320
Total interest expense $11,593
Net interest income $31,727
Provision for loan and lease losses $7,146
Total noninterest income $2,308
Fiduciary activities $0
Service charges on deposit accounts $96
Trading account gains & fees $0
Additional noninterest income $2,212
Total noninterest expense $19,841
Salaries and employee benefits $10,407
Premises and equipment expense $1,110
Additional noninterest expense $8,324
Pre-tax net operating income $7,048
Securities gains (losses) $1,861
Applicable income taxes $2,928
Income before extraordinary items $5,981
Extraordinary gains - net $0
Net income attributable to bank $5,981
Net charge-offs $0
Cash dividends $5,981
Sale, conversion, retirement of capital stock, net $7,046
Net operating income $9,000
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets9.00%
Cost of funding earning assets 2.41%
Net interest margin 6.59%
Noninterest income to earning assets 0.48%
Noninterest expense to earning assets 4.12%
Net operating income to assets 0.91%
Return on assets (ROA) 1.15%
Pretax return on assets 1.71%
Return on equity (ROE) 8.47%
Retained earnings to average equity (YTD only) -4.28%
Net charge-offs to loans 1.76%
Credit loss provision to net charge-offs 101.42%
Efficiency ratio2.01%
Assets per employee$58,296
Cash dividends to net income (YTD only)3.15%
Condition Ratios (%)
Loss allowance to loans 150.48%
Loss allowance to noncurrent loans 2.41%
Noncurrent assets plus other real estate owned to assets 33.50%
Noncurrent loans to loans 6.92%
Net loans and leases to deposits7.21%
Net loans and leases to core deposits 86.09%
Equity capital to assets 162.83%
Core capital (leverage) ratio 11.86%
Tier 1 risk-based capital ratio 11.38%
Total risk-based capital ratio 19.93%
Average assets$21
Average earning assets$520,215
Average equity $70,610
Average loans $481,478
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3 Michigan Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
011431First National Bank Of America241 East Saginaw, East Lansing, MI 48823May 06, 1955Full Service Brick and Mortar
3518747Traverse City Branch333 West Grandview Parkway, Suite 110, Traverse City, MI 49684April 01, 2011Full Service Brick and Mortar
4518748Grandville Branch4250 Chicago Drive Southwest, Grandville, MI 49418April 01, 2011Full Service Brick and Mortar
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