Freeland State Bank in Freeland, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Freeland State Bank in Freeland, Michigan (MI)
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Freeland State Bank - Overview

  • General
  • FDIC Certificate #: 14926
    Status: Active
    Federal Reserve ID: 735049
    Date Established: January 01, 1904
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 9350
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: October 08, 1934
    Last Structure Change Effective Date: December 08, 2011
    Last Structure Change Process Date: December 08, 2011
    Last Data Update: December 08, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 185 East Washington Street, Freeland, MI 48623
    County: Saginaw
    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): Saginaw-Bay City-Midland, MI (#6960)
    Combined Statistical Area (CSA): Saginaw-Bay City-Saginaw Township North, MI (#474)
    Core Based Statistical Area (CBSA): Saginaw-Saginaw Township North, MI (#40980)
    CBSA Metro Statistical Area: Saginaw-Saginaw Township North, MI (#40980)
  • Financial Summary
  • Total assets: $56.4 mil
    Equity capital: $9.8 mil
    Deposits held in domestic offices: $46.3 mil
    Return on assets (ROA): 0.07% ($0.0 mil)
    Quarterly return on assets: 0.38% ($0.2 mil)
    Return on Equity (ROE): 0.43% ($0.0 mil)
    Quarterly return on equity: 2.21% ($0.2 mil)
    Net income: $0.0 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.11% ($62.1 mil)
    Quarterly Pretax return on assets: 0.58% ($327.2 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
  • 10Total employees (full-time equivalent)
  • $56,417Total assets
  • $3,997Cash and due from depository institutions
  • $0Interest-bearing balances
  • $31,790Securities
  • $2,410Federal funds sold & reverse repurchase agreements
  • $17,240Net loans & leases
  • $218Loan loss allowance
  • $0Trading account assets
  • $226Bank premises and fixed assets
  • $246Other real estate owned
  • $0Goodwill and other intangibles
  • $56,417Life insurance assets
  • $508All other assets
  • $46,643Total liabilities and capital
  • $46,277Total liabilities
  • $39,849Total deposits
  • $46,277Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $366Subordinated debt
  • $9,774All other liabilities
  • $9,774Total equity capital
  • $9,774Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $2,800Surplus
  • $6,774Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $862Income earned, not collected on loans
  • $0Earning assets
  • $193Long-term assets (5+ years)
  • $51,440Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $56,409Volatile liabilities
  • $56,985Insider loans
  • $19,437FHLB advances
  • $56,345Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,152Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $370Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,724Total interest income
  • $393Total interest expense
  • $1,331Net interest income
  • $62Provision for loan and lease losses
  • $143Total noninterest income
  • $0Fiduciary activities
  • $85Service charges on deposit accounts
  • $0Trading account gains & fees
  • $58Additional noninterest income
  • $1,367Total noninterest expense
  • $715Salaries and employee benefits
  • $114Premises and equipment expense
  • $538Additional noninterest expense
  • $45Pre-tax net operating income
  • $18Securities gains (losses)
  • $22Applicable income taxes
  • $41Income before extraordinary items
  • $0Extraordinary gains - net
  • $41Net income attributable to bank
  • $0Net charge-offs
  • $41Cash dividends
  • $68Sale, conversion, retirement of capital stock, net
  • $26Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.35%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 2.59%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 2.66%Noninterest expense to earning assets
  • 0.05%Net operating income to assets
  • 0.07%Return on assets (ROA)
  • 0.11%Pretax return on assets
  • 0.43%Return on equity (ROE)
  • 0.16%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • 91.18%Credit loss provision to net charge-offs
  • 1.57%Efficiency ratio
  • 92,741Assets per employee
  • 5.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 63.41%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 25.29%Noncurrent assets plus other real estate owned to assets
  • 1.96%Noncurrent loans to loans
  • 4.94%Net loans and leases to deposits
  • 37.25%Net loans and leases to core deposits
  • 37.92%Equity capital to assets
  • 17.32%Core capital (leverage) ratio
  • 16.24%Tier 1 risk-based capital ratio
  • 47.09%Total risk-based capital ratio
  • Memoranda
  • $48Average assets
  • $56,409Average earning assets
  • $9,521Average equity
  • $51,469Average loans

List of branches

  • 1 Michigan Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09350Freeland State Bank185 East Washington Street, Freeland, MI 48623January 01, 1904Full Service Brick and Mortar

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