First National Bank of Crystal Falls in Crystal Falls, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


First National Bank of Crystal Falls - Overview

  • General
  • FDIC Certificate #: 14775
    Status: Active
    Federal Reserve ID: 230254
    Bank Holding Company (Regulatory Top Holder): C.F.c. Bancorp, Inc. (RSSDID: 1133697, Location: Crystal Falls, MI)
    Date Established: September 24, 1934
    WWW: http://www.bankfnb.com
    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 #: 10407
    FDIC's unique #: 9241
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 24, 1934
    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: 125 Superior Avenue, Crystal Falls, MI 49920
    County: Iron
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Appleton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $71.4 mil
    Equity capital: $9.1 mil
    Deposits held in domestic offices: $61.6 mil
    Return on assets (ROA): 0.41% ($0.3 mil)
    Quarterly return on assets: 0.64% ($0.5 mil)
    Return on Equity (ROE): 3.19% ($0.3 mil)
    Quarterly return on equity: 5.14% ($0.5 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.41% ($292.7 mil)
    Quarterly Pretax return on assets: 0.64% ($457.0 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
  • 21Total employees (full-time equivalent)
  • $71,400Total assets
  • $25,174Cash and due from depository institutions
  • $23,152Interest-bearing balances
  • $4,213Securities
  • $418Federal funds sold & reverse repurchase agreements
  • $36,796Net loans & leases
  • $493Loan loss allowance
  • $0Trading account assets
  • $1,430Bank premises and fixed assets
  • $711Other real estate owned
  • $0Goodwill and other intangibles
  • $71,400Life insurance assets
  • $2,658All other assets
  • $62,324Total liabilities and capital
  • $61,575Total liabilities
  • $54,816Total deposits
  • $61,575Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $487Trading liabilities
  • $0Other borrowed funds
  • $262Subordinated debt
  • $9,076All other liabilities
  • $9,076Total equity capital
  • $9,076Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $400Surplus
  • $8,276Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $505Income earned, not collected on loans
  • $0Earning assets
  • $156Long-term assets (5+ years)
  • $64,579Average Assets, year-to-date
  • $14,228Average Assets, quarterly
  • $69,898Volatile liabilities
  • $72,648Insider loans
  • $36,612FHLB advances
  • $72,279Loans and leases held for sale
  • $1,885Unused loan commitments
  • $1,885Tier 1 (core) risk-based capital
  • $9,076Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,381Restructured Loans and leases
  • $1,432Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,516Total interest income
  • $493Total interest expense
  • $2,023Net interest income
  • $30Provision for loan and lease losses
  • $175Total noninterest income
  • $0Fiduciary activities
  • $82Service charges on deposit accounts
  • $0Trading account gains & fees
  • $93Additional noninterest income
  • $1,878Total noninterest expense
  • $1,009Salaries and employee benefits
  • $289Premises and equipment expense
  • $580Additional noninterest expense
  • $290Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $290Income before extraordinary items
  • $0Extraordinary gains - net
  • $290Net income attributable to bank
  • $0Net charge-offs
  • $290Cash dividends
  • $37Sale, conversion, retirement of capital stock, net
  • $230Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.96%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 3.18%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 2.96%Noninterest expense to earning assets
  • 0.41%Net operating income to assets
  • 0.41%Return on assets (ROA)
  • 0.41%Pretax return on assets
  • 3.19%Return on equity (ROE)
  • 0.66%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 81.08%Credit loss provision to net charge-offs
  • 8.65%Efficiency ratio
  • 85,441Assets per employee
  • 3.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 79.31%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 97.62%Noncurrent assets plus other real estate owned to assets
  • 1.70%Noncurrent loans to loans
  • 1.35%Net loans and leases to deposits
  • 59.76%Net loans and leases to core deposits
  • 59.76%Equity capital to assets
  • 12.71%Core capital (leverage) ratio
  • 12.56%Tier 1 risk-based capital ratio
  • 24.79%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $69,898Average earning assets
  • $9,079Average equity
  • $63,536Average loans

List of branches

  • 3 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09241First National Bank Of Crystal Falls125 Superior Avenue, Crystal Falls, MI 49920September 24, 1934Full Service Brick and Mortar
    1232090North Dickinson BranchM-69 At Sagola Avenue, Sagola, MI 49881September 11, 1978Full Service Brick and Mortar
    2232091Jubilee Foods Branch1363 Us Highway 2, Crystal Falls, MI 49920November 16, 1998Full Service Retail

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