Homestead Savings Bank in Albion, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Homestead Savings Bank in Albion, Michigan (MI)
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Homestead Savings Bank - Overview

  • General
  • FDIC Certificate #: 28667
    Status: Active
    Federal Reserve ID: 132778
    Date Established: January 01, 1889
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 18109
    FDIC's unique #: 41501
    Numeric code: 34
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: Mortgage Lending Specialization
    Date of Deposit Insurance: Febuary 25, 1939
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 415 South Superior Street, Albion, MI 49224
    County: Calhoun
    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): Battle Creek, MI (#12980)
    CBSA Metro Statistical Area: Battle Creek, MI (#12980)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $76.7 mil
    Equity capital: $5.2 mil
    Deposits held in domestic offices: $66.4 mil
    Return on assets (ROA): -0.90% (-$0.7 mil)
    Quarterly return on assets: 0.24% ($0.2 mil)
    Return on Equity (ROE): -12.84% (-$0.6 mil)
    Quarterly return on equity: 3.54% ($0.2 mil)
    Net income: -$0.7 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: -1.06% (-$812.5 mil)
    Quarterly Pretax return on assets: 0.25% ($191.6 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
  • 29Total employees (full-time equivalent)
  • $76,653Total assets
  • $7,119Cash and due from depository institutions
  • $4,745Interest-bearing balances
  • $5,987Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $56,581Net loans & leases
  • $579Loan loss allowance
  • $0Trading account assets
  • $3,212Bank premises and fixed assets
  • $1,098Other real estate owned
  • $256Goodwill and other intangibles
  • $76,653Life insurance assets
  • $2,400All other assets
  • $71,445Total liabilities and capital
  • $66,427Total liabilities
  • $61,261Total deposits
  • $66,427Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,928Trading liabilities
  • $0Other borrowed funds
  • $90Subordinated debt
  • $5,208All other liabilities
  • $5,208Total equity capital
  • $5,208Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $5,208Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,499Income earned, not collected on loans
  • $0Earning assets
  • $239Long-term assets (5+ years)
  • $67,313Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $77,570Volatile liabilities
  • $76,451Insider loans
  • $43,666FHLB advances
  • $76,597Loans and leases held for sale
  • $872Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,171Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,079Restructured Loans and leases
  • $886Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,542Total interest income
  • $908Total interest expense
  • $2,634Net interest income
  • $811Provision for loan and lease losses
  • $327Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $327Additional noninterest income
  • $2,948Total noninterest expense
  • $1,617Salaries and employee benefits
  • $641Premises and equipment expense
  • $690Additional noninterest expense
  • -$798Pre-tax net operating income
  • -$23Securities gains (losses)
  • -$121Applicable income taxes
  • -$700Income before extraordinary items
  • $0Extraordinary gains - net
  • -$700Net income attributable to bank
  • $0Net charge-offs
  • -$700Cash dividends
  • $666Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.19%Yield on earning assets
  • 1.33%Cost of funding earning assets
  • 3.86%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 4.32%Noninterest expense to earning assets
  • -0.88%Net operating income to assets
  • -0.90%Return on assets (ROA)
  • -1.06%Pretax return on assets
  • -12.84%Return on equity (ROE)
  • -12.84%Retained earnings to average equity (YTD only)
  • 1.20%Net charge-offs to loans
  • 121.77%Credit loss provision to net charge-offs
  • 0.02%Efficiency ratio
  • 99,561Assets per employee
  • 2.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 38.63%Noncurrent assets plus other real estate owned to assets
  • 3.39%Noncurrent loans to loans
  • 2.62%Net loans and leases to deposits
  • 85.18%Net loans and leases to core deposits
  • 85.93%Equity capital to assets
  • 6.79%Core capital (leverage) ratio
  • 6.75%Tier 1 risk-based capital ratio
  • 11.84%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $77,570Average earning assets
  • $5,451Average equity
  • $68,305Average loans

List of branches

  • 4 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041501Homestead Savings Bank415 South Superior Street, Albion, MI 49224January 01, 1889Full Service Brick and Mortar
    1419613Leslie Branch4625 Hull Road, Leslie, MI 49251July 15, 1998Full Service Brick and Mortar
    2446281Eaton Rapids Branch111 W. Hamlin Street, Eaton Rapids, MI 48827January 03, 2006Full Service Brick and Mortar
    3452178Springport Branch157 Main Street, Springport, MI 49284July 01, 2006Full Service Brick and Mortar

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