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

First National Bank of Michigan - Overview

  • General
  • FDIC Certificate #: 58259
    Status: Active
    Federal Reserve ID: 3404467
    Bank Holding Company (Regulatory Top Holder): First National Bancorp, Inc. (RSSDID: 3404458, Location: Kalamazoo, MI)
    Date Established: April 12, 2006
    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)
    FDIC's unique #: 444648
    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: Commercial Lending Specialization
    Date of Deposit Insurance: April 12, 2006
    Last Structure Change Effective Date: September 01, 2009
    Last Structure Change Process Date: September 04, 2009
    Last Data Update: September 04, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 348 West Michigan Avenue, Kalamazoo, MI 49007
    County: Kalamazoo
    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
    Metropolitan Statistical Area (MSA): Kalamazoo-Battle Creek, MI (#3720)
    Core Based Statistical Area (CBSA): Kalamazoo-Portage, MI (#28020)
    CBSA Metro Statistical Area: Kalamazoo-Portage, MI (#28020)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $204.8 mil
    Equity capital: $22.3 mil
    Deposits held in domestic offices: $174.1 mil
    Return on assets (ROA): 1.12% ($2.3 mil)
    Quarterly return on assets: 1.25% ($2.6 mil)
    Return on Equity (ROE): 10.38% ($2.3 mil)
    Quarterly return on equity: 11.67% ($2.6 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.64% ($3,358.0 mil)
    Quarterly Pretax return on assets: 1.84% ($3,767.5 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
  • 30Total employees (full-time equivalent)
  • $204,754Total assets
  • $6,416Cash and due from depository institutions
  • $5,532Interest-bearing balances
  • $34,100Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $159,197Net loans & leases
  • $3,268Loan loss allowance
  • $0Trading account assets
  • $541Bank premises and fixed assets
  • $679Other real estate owned
  • $0Goodwill and other intangibles
  • $204,754Life insurance assets
  • $3,821All other assets
  • $182,479Total liabilities and capital
  • $174,091Total liabilities
  • $135,177Total deposits
  • $174,091Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,000Trading liabilities
  • $0Other borrowed funds
  • $388Subordinated debt
  • $22,275All other liabilities
  • $22,275Total equity capital
  • $22,275Total bank equity capital
  • $0Perpetual preferred stock
  • $8,500Common stock
  • $9,982Surplus
  • $3,793Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $752Income earned, not collected on loans
  • $0Earning assets
  • $671Long-term assets (5+ years)
  • $198,829Average Assets, year-to-date
  • $16,847Average Assets, quarterly
  • $193,885Volatile liabilities
  • $204,705Insider loans
  • $169,360FHLB advances
  • $207,779Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,669Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $50,366Restructured Loans and leases
  • $6,185Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,505Total interest income
  • $1,611Total interest expense
  • $7,894Net interest income
  • $567Provision for loan and lease losses
  • $866Total noninterest income
  • $0Fiduciary activities
  • $251Service charges on deposit accounts
  • $0Trading account gains & fees
  • $615Additional noninterest income
  • $5,013Total noninterest expense
  • $2,726Salaries and employee benefits
  • $509Premises and equipment expense
  • $1,778Additional noninterest expense
  • $3,180Pre-tax net operating income
  • $4Securities gains (losses)
  • $1,018Applicable income taxes
  • $2,166Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,166Net income attributable to bank
  • $0Net charge-offs
  • $2,166Cash dividends
  • $96Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.05%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 4.20%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 2.67%Noninterest expense to earning assets
  • 1.12%Net operating income to assets
  • 1.12%Return on assets (ROA)
  • 1.64%Pretax return on assets
  • 10.38%Return on equity (ROE)
  • 10.38%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 590.63%Credit loss provision to net charge-offs
  • 39.03%Efficiency ratio
  • 57,226Assets per employee
  • 6.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.01%Loss allowance to noncurrent loans
  • 434.57%Noncurrent assets plus other real estate owned to assets
  • 0.70%Noncurrent loans to loans
  • 0.46%Net loans and leases to deposits
  • 91.44%Net loans and leases to core deposits
  • 125.59%Equity capital to assets
  • 10.88%Core capital (leverage) ratio
  • 10.43%Tier 1 risk-based capital ratio
  • 12.79%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $193,885Average earning assets
  • $20,871Average equity
  • $188,078Average loans

List of branches

  • 3 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0444648First National Bank Of Michigan348 West Michigan Avenue, Kalamazoo, MI 49007April 12, 2006Full Service Brick and Mortar
    1492765Woodbridge Branch2700 W Centre, Portage, MI 49024November 16, 2008Full Service Brick and Mortar
    2513418First National Bank Of Michigan-West5313 West Main Street, Kalamazoo, MI 49009September 09, 2010Full Service Brick and Mortar

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