Huron Community Bank in East Tawas, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Huron Community Bank - Overview

  • General
  • FDIC Certificate #: 11810
    Status: Active
    Federal Reserve ID: 475345
    Bank Holding Company (Regulatory Top Holder): Huron Community Financial Services, Inc. (RSSDID: 1416608, Location: East Tawas, MI)
    Date Established: June 14, 1927
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 7554
    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: Commercial Lending Specialization
    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: 301 North Newman Street, East Tawas, MI 48730
    County: Iosco
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $180.9 mil
    Equity capital: $21.9 mil
    Deposits held in domestic offices: $145.1 mil
    Return on assets (ROA): 0.92% ($1.7 mil)
    Quarterly return on assets: 1.02% ($1.8 mil)
    Return on Equity (ROE): 7.97% ($1.8 mil)
    Quarterly return on equity: 8.76% ($1.9 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.23% ($2,224.5 mil)
    Quarterly Pretax return on assets: 1.38% ($2,495.8 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
  • 60Total employees (full-time equivalent)
  • $180,855Total assets
  • $10,173Cash and due from depository institutions
  • $7,335Interest-bearing balances
  • $27,110Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $130,611Net loans & leases
  • $1,860Loan loss allowance
  • $0Trading account assets
  • $2,753Bank premises and fixed assets
  • $2,285Other real estate owned
  • $395Goodwill and other intangibles
  • $180,855Life insurance assets
  • $7,528All other assets
  • $158,913Total liabilities and capital
  • $145,105Total liabilities
  • $119,291Total deposits
  • $145,105Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 7619.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $1,189Subordinated debt
  • $21,942All other liabilities
  • $21,942Total equity capital
  • $21,942Total bank equity capital
  • $0Perpetual preferred stock
  • $1,310Common stock
  • $11,038Surplus
  • $9,594Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,880Income earned, not collected on loans
  • $0Earning assets
  • $522Long-term assets (5+ years)
  • $165,056Average Assets, year-to-date
  • $20,797Average Assets, quarterly
  • $186,650Volatile liabilities
  • $187,680Insider loans
  • $128,618FHLB advances
  • $185,999Loans and leases held for sale
  • $4,334Unused loan commitments
  • $2,188Tier 1 (core) risk-based capital
  • $21,556Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,146Total unused commitments
  • $15,870Restructured Loans and leases
  • $4,553Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,442Total interest income
  • $1,115Total interest expense
  • $7,327Net interest income
  • $881Provision for loan and lease losses
  • $1,578Total noninterest income
  • $0Fiduciary activities
  • $460Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,118Additional noninterest income
  • $5,727Total noninterest expense
  • $2,876Salaries and employee benefits
  • $825Premises and equipment expense
  • $2,026Additional noninterest expense
  • $2,297Pre-tax net operating income
  • $0Securities gains (losses)
  • $586Applicable income taxes
  • $1,711Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,711Net income attributable to bank
  • $0Net charge-offs
  • $1,711Cash dividends
  • $1,314Sale, conversion, retirement of capital stock, net
  • $1,280Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.94%Yield on earning assets
  • 0.65%Cost of funding earning assets
  • 4.28%Net interest margin
  • 0.92%Noninterest income to earning assets
  • 3.35%Noninterest expense to earning assets
  • 0.92%Net operating income to assets
  • 0.92%Return on assets (ROA)
  • 1.23%Pretax return on assets
  • 7.97%Return on equity (ROE)
  • 2.01%Retained earnings to average equity (YTD only)
  • 0.97%Net charge-offs to loans
  • 67.05%Credit loss provision to net charge-offs
  • 2.42%Efficiency ratio
  • 62,819Assets per employee
  • 3.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 74.81%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 64.58%Noncurrent assets plus other real estate owned to assets
  • 2.86%Noncurrent loans to loans
  • 2.17%Net loans and leases to deposits
  • 90.01%Net loans and leases to core deposits
  • 92.42%Equity capital to assets
  • 12.13%Core capital (leverage) ratio
  • 11.59%Tier 1 risk-based capital ratio
  • 16.76%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $186,650Average earning assets
  • $21,481Average equity
  • $171,004Average loans

List of branches

  • 6 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07554Huron Community Bank301 North Newman Street, East Tawas, MI 48730June 14, 1927Full Service Brick and Mortar
    1225658Tawas City Branch410 Lake Street, Tawas City, MI 48763April 07, 1961Full Service Brick and Mortar
    2225659Oscoda Branch5077 North Huron Road, Oscoda Township, MI 48750September 22, 1975Full Service Brick and Mortar
    4225661Lincoln Branch327 Traverse Bay Road, Lincoln, MI 48742June 16, 1993Full Service Brick and Mortar
    5233133Au Gres Branch3150 East Huron Road, Sims Township, Au Gres, MI 48703October 28, 1985Full Service Brick and Mortar
    7357865Harrisville Branch423 East Main Street, Harrisville, MI 48740July 17, 1998Full Service Brick and Mortar

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