First National Bank of America in East Lansing, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

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

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 181Total employees (full-time equivalent)
  • $569,541Total assets
  • $97,846Cash and due from depository institutions
  • $89,296Interest-bearing balances
  • $27,014Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $414,512Net loans & leases
  • $10,252Loan loss allowance
  • $0Trading account assets
  • $5,323Bank premises and fixed assets
  • $8,822Other real estate owned
  • $0Goodwill and other intangibles
  • $569,541Life insurance assets
  • $16,024All other assets
  • $502,010Total liabilities and capital
  • $481,503Total liabilities
  • $452,208Total deposits
  • $481,503Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $16,000Trading liabilities
  • $0Other borrowed funds
  • $4,507Subordinated debt
  • $67,531All other liabilities
  • $67,531Total equity capital
  • $67,531Total bank equity capital
  • $0Perpetual preferred stock
  • $420Common stock
  • $4,759Surplus
  • $62,352Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,014Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $30,607Income earned, not collected on loans
  • $0Earning assets
  • $2,604Long-term assets (5+ years)
  • $530,822Average Assets, year-to-date
  • $292,284Average Assets, quarterly
  • $520,215Volatile liabilities
  • $578,713Insider loans
  • $335,827FHLB advances
  • $588,270Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $66,927Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,556Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $43,320Total interest income
  • $11,593Total interest expense
  • $31,727Net interest income
  • $7,146Provision for loan and lease losses
  • $2,308Total noninterest income
  • $0Fiduciary activities
  • $96Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,212Additional noninterest income
  • $19,841Total noninterest expense
  • $10,407Salaries and employee benefits
  • $1,110Premises and equipment expense
  • $8,324Additional noninterest expense
  • $7,048Pre-tax net operating income
  • $1,861Securities gains (losses)
  • $2,928Applicable income taxes
  • $5,981Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,981Net income attributable to bank
  • $0Net charge-offs
  • $5,981Cash dividends
  • $7,046Sale, conversion, retirement of capital stock, net
  • $9,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.00%Yield on earning assets
  • 2.41%Cost of funding earning assets
  • 6.59%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 4.12%Noninterest expense to earning assets
  • 0.91%Net operating income to assets
  • 1.15%Return on assets (ROA)
  • 1.71%Pretax return on assets
  • 8.47%Return on equity (ROE)
  • -4.28%Retained earnings to average equity (YTD only)
  • 1.76%Net charge-offs to loans
  • 101.42%Credit loss provision to net charge-offs
  • 2.01%Efficiency ratio
  • 58,296Assets per employee
  • 3.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 150.48%Loss allowance to loans
  • 2.41%Loss allowance to noncurrent loans
  • 33.50%Noncurrent assets plus other real estate owned to assets
  • 6.92%Noncurrent loans to loans
  • 7.21%Net loans and leases to deposits
  • 86.09%Net loans and leases to core deposits
  • 162.83%Equity capital to assets
  • 11.86%Core capital (leverage) ratio
  • 11.38%Tier 1 risk-based capital ratio
  • 19.93%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $520,215Average earning assets
  • $70,610Average equity
  • $481,478Average loans

List of branches

  • 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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