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- Banks in Michigan (MI)
- Firstbank - Lakeview
Firstbank - Lakeview in Lakeview, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of May 16, 2008
- Firstbank - Lakeview in Lakeview, Michigan (MI)
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Firstbank - Lakeview - Overview
- General
- FDIC Certificate #: 13874
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Firstbank (#1597)
Federal Reserve ID: 171348
Date Established: January 01, 1904
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Interstate: No)
OTS Docket #: 13779
FDIC's unique #: 8674
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: Febuary 12, 1934
Last Structure Change Effective Date: May 16, 2008
Last Structure Change Process Date: June 11, 2008
Last Data Update: June 11, 2008
Data Source Date: April 05, 2012 - Location
- Address: 506 South Lincoln Avenue, Lakeview, MI 48850
County: Montcalm
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 - Financial Summary
- Total assets: $113.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
- Dollar figures in thousands
- 36Total employees (full-time equivalent)
- $119,542Total assets
- $3,390Cash and due from depository institutions
- $10Interest-bearing balances
- $4,834Securities
- $0Federal funds sold & reverse repurchase agreements
- $105,407Net loans & leases
- $810Loan loss allowance
- $0Trading account assets
- $3,004Bank premises and fixed assets
- $236Other real estate owned
- $691Goodwill and other intangibles
- $0Life insurance assets
- $1,980All other assets
- $119,542Total liabilities and capital
- $110,035Total liabilities
- $88,366Total deposits
- $75,516Interest-bearing deposits
- $88,366Deposits held in domestic offices
- 0.00%% insured (estimated)
- $4,680Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $15,063Other borrowed funds
- $0Subordinated debt
- $1,926All other liabilities
- $9,507Total equity capital
- $9,507Total bank equity capital
- $9,507Perpetual preferred stock
- $0Common stock
- $1,350Surplus
- $6,248Undivided profits
- Memoranda
- $1,909Noncurrent loans and leases
- $14,498Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $1,306Earning assets
- $0Long-term assets (5+ years)
- $471Average Assets, year-to-date
- $110,251Average Assets, quarterly
- $20,973Volatile liabilities
- $122,192Insider loans
- $119,127FHLB advances
- $17,354Loans and leases held for sale
- $8,309Unused loan commitments
- $15,063Tier 1 (core) risk-based capital
- $169Tier 2 risk-based capital
- $446Total risk weighted assets
- $14,498Total unused commitments
- $0Restructured Loans and leases
- $810Derivatives
Income and Expense (December 31, 2007)
- Dollar figures in thousands
- $7,770Total interest income
- $3,565Total interest expense
- $4,205Net interest income
- $102Provision for loan and lease losses
- $1,060Total noninterest income
- $0Fiduciary activities
- $525Service charges on deposit accounts
- $0Trading account gains & fees
- $535Additional noninterest income
- $3,945Total noninterest expense
- $1,562Salaries and employee benefits
- $588Premises and equipment expense
- $1,795Additional noninterest expense
- $1,218Pre-tax net operating income
- -$29Securities gains (losses)
- $348Applicable income taxes
- $841Income before extraordinary items
- $0Extraordinary gains - net
- $841Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $655Sale, conversion, retirement of capital stock, net
- $1,750Net operating income
Performance and Condition Ratios (December 31, 2007)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 6.84%Yield on earning assets
- 3.14%Cost of funding earning assets
- 3.70%Net interest margin
- 0.93%Noninterest income to earning assets
- 3.48%Noninterest expense to earning assets
- 0.71%Net operating income to assets
- 0.69%Return on assets (ROA)
- 0.97%Pretax return on assets
- 8.29%Return on equity (ROE)
- -8.96%Retained earnings to average equity (YTD only)
- 0.61%Net charge-offs to loans
- 15.57%Credit loss provision to net charge-offs
- 2.02%Efficiency ratio
- 72,555Assets per employee
- 3.32%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 208.09%Loss allowance to loans
- 0.76%Loss allowance to noncurrent loans
- 62.02%Noncurrent assets plus other real estate owned to assets
- 1.29%Noncurrent loans to loans
- 1.23%Net loans and leases to deposits
- 119.28%Net loans and leases to core deposits
- 133.84%Equity capital to assets
- 7.95%Core capital (leverage) ratio
- 7.64%Tier 1 risk-based capital ratio
- 9.23%Total risk-based capital ratio
- Memoranda
- $10Average assets
- $122,192Average earning assets
- $10,143Average equity
- $113,518Average loans
- bankencyclopedia.com
- Banks in Michigan (MI)
- Firstbank - Lakeview
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