G. W. Jones Exchange Bank in Marcellus, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

G. W. Jones Exchange Bank - Overview

  • General
  • FDIC Certificate #: 999
    Status: Active
    Federal Reserve ID: 540542
    Bank Holding Company (Regulatory Top Holder): Jones Bancorp, Inc. (RSSDID: 2004039, Location: Marcellus, MI)
    Date Established: May 28, 1877
    WWW: http://www.gwjonesbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 10335
    FDIC's unique #: 660
    Numeric code: 13
    Regulator: FED
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 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: 119-21 West Main Street, Marcellus, MI 49067
    County: Cass
    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
    Combined Statistical Area (CSA): South Bend-Elkhart-Mishawaka, IN-MI (#515)
    Core Based Statistical Area (CBSA): South Bend-Mishawaka, IN-MI (#43780)
    CBSA Metro Statistical Area: South Bend-Mishawaka, IN-MI (#43780)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $62.6 mil
    Equity capital: $5.8 mil
    Deposits held in domestic offices: $56.4 mil
    Return on assets (ROA): 0.42% ($0.3 mil)
    Quarterly return on assets: 0.34% ($0.2 mil)
    Return on Equity (ROE): 4.35% ($0.3 mil)
    Quarterly return on equity: 3.55% ($0.2 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.56% ($350.5 mil)
    Quarterly Pretax return on assets: 0.72% ($450.7 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, 2011)

  • Dollar figures in thousands
  • 41Total employees (full-time equivalent)
  • $62,594Total assets
  • $19,706Cash and due from depository institutions
  • $18,065Interest-bearing balances
  • $7,795Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $31,673Net loans & leases
  • $390Loan loss allowance
  • $0Trading account assets
  • $1,010Bank premises and fixed assets
  • $1,576Other real estate owned
  • $0Goodwill and other intangibles
  • $62,594Life insurance assets
  • $834All other assets
  • $56,753Total liabilities and capital
  • $56,435Total liabilities
  • $44,584Total deposits
  • $56,435Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $318Subordinated debt
  • $5,841All other liabilities
  • $5,841Total equity capital
  • $5,841Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $3,050Surplus
  • $2,641Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $207Income earned, not collected on loans
  • $0Earning assets
  • $150Long-term assets (5+ years)
  • $57,533Average Assets, year-to-date
  • $12,391Average Assets, quarterly
  • $60,005Volatile liabilities
  • $60,922Insider loans
  • $26,203FHLB advances
  • $59,263Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,841Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,185Restructured Loans and leases
  • $261Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,183Total interest income
  • $311Total interest expense
  • $1,872Net interest income
  • $62Provision for loan and lease losses
  • $652Total noninterest income
  • $0Fiduciary activities
  • $277Service charges on deposit accounts
  • $0Trading account gains & fees
  • $375Additional noninterest income
  • $2,126Total noninterest expense
  • $1,142Salaries and employee benefits
  • $493Premises and equipment expense
  • $491Additional noninterest expense
  • $336Pre-tax net operating income
  • $0Securities gains (losses)
  • $85Applicable income taxes
  • $251Income before extraordinary items
  • $0Extraordinary gains - net
  • $251Net income attributable to bank
  • $0Net charge-offs
  • $251Cash dividends
  • $77Sale, conversion, retirement of capital stock, net
  • $75Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.97%Yield on earning assets
  • 0.57%Cost of funding earning assets
  • 3.40%Net interest margin
  • 1.19%Noninterest income to earning assets
  • 3.87%Noninterest expense to earning assets
  • 0.42%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 0.56%Pretax return on assets
  • 4.35%Return on equity (ROE)
  • 3.05%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 80.52%Credit loss provision to net charge-offs
  • 5.17%Efficiency ratio
  • 84,231Assets per employee
  • 1.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 29.88%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 188.41%Noncurrent assets plus other real estate owned to assets
  • 2.85%Noncurrent loans to loans
  • 0.65%Net loans and leases to deposits
  • 56.12%Net loans and leases to core deposits
  • 58.28%Equity capital to assets
  • 9.33%Core capital (leverage) ratio
  • 9.86%Tier 1 risk-based capital ratio
  • 22.29%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $60,005Average earning assets
  • $5,767Average equity
  • $55,000Average loans

Total Fiduciary and Related Assets (December 31, 2005)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $10Managed Assets
  • 1Number of Accounts
  • $10Personal trust and agency accounts
  • $10Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 5 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0660G. W. Jones Exchange Bank119-21 West Main Street, Marcellus, MI 49067May 28, 1877Full Service Brick and Mortar
    1187396Marcellus Branch120 West Main Street, Marcellus, MI 49067August 11, 1969Limited Service Trust
    2187397Cassopolis Branch110 Spencer Road, Cassopolis, MI 49031October 16, 1989Full Service Brick and Mortar
    4187399Three Rivers Branch800 S Us 131, Three Rivers, MI 49093January 06, 1997Full Service Brick and Mortar
    5187400Edwardsburg Branch69139 Michigan 62, Edwardsburg, MI 49112November 23, 1998Full Service Brick and Mortar

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