Huron Valley State Bank in Milford, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Huron Valley State Bank in Milford, Michigan (MI)
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Huron Valley State Bank - Overview

  • General
  • FDIC Certificate #: 57990
    Status: Active
    Federal Reserve ID: 3358270
    Date Established: August 15, 2005
    WWW: http://www.hvsb.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 433198
    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: Commercial Lending Specialization
    Date of Deposit Insurance: August 15, 2005
    Last Structure Change Effective Date: October 01, 2008
    Last Structure Change Process Date: October 15, 2008
    Last Data Update: October 15, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 130 South Milford Road, Milford, MI 48381
    County: Oakland
    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): Detroit, MI (#2160)
    Consolidated Metropolitan Statistical Area (CMSA): Detroit-Ann Arbor-Flint, MI (#35)
    Combined Statistical Area (CSA): Detroit-Warren-Flint, MI (#220)
    Core Based Statistical Area (CBSA): Detroit-Warren-Livonia, MI (#19820)
    CBSA Metro Statistical Area: Detroit-Warren-Livonia, MI (#19820)
    Core Based Statistical Division: Warren-Troy-Farmington Hills, MI (#47644)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $70.7 mil
    Equity capital: $8.5 mil
    Deposits held in domestic offices: $62.0 mil
    Return on assets (ROA): 0.50% ($0.4 mil)
    Quarterly return on assets: 0.77% ($0.5 mil)
    Return on Equity (ROE): 4.72% ($0.4 mil)
    Quarterly return on equity: 6.32% ($0.6 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.50% ($353.3 mil)
    Quarterly Pretax return on assets: 0.77% ($544.1 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
  • 20Total employees (full-time equivalent)
  • $70,664Total assets
  • $9,454Cash and due from depository institutions
  • $8,118Interest-bearing balances
  • $4,949Securities
  • $135Federal funds sold & reverse repurchase agreements
  • $53,347Net loans & leases
  • $801Loan loss allowance
  • $0Trading account assets
  • $2,341Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $70,664Life insurance assets
  • $438All other assets
  • $62,123Total liabilities and capital
  • $62,022Total liabilities
  • $48,780Total deposits
  • $62,022Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $101Subordinated debt
  • $8,541All other liabilities
  • $8,541Total equity capital
  • $8,541Total bank equity capital
  • $2,597Perpetual preferred stock
  • $4,042Common stock
  • $4,115Surplus
  • $-2,213Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $659Income earned, not collected on loans
  • $99Earning assets
  • $163Long-term assets (5+ years)
  • $66,549Average Assets, year-to-date
  • $11,453Average Assets, quarterly
  • $64,236Volatile liabilities
  • $69,755Insider loans
  • $55,793FHLB advances
  • $69,879Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,494Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,294Restructured Loans and leases
  • $4,345Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,092Total interest income
  • $462Total interest expense
  • $2,630Net interest income
  • $315Provision for loan and lease losses
  • $212Total noninterest income
  • $0Fiduciary activities
  • $94Service charges on deposit accounts
  • $0Trading account gains & fees
  • $118Additional noninterest income
  • $2,205Total noninterest expense
  • $1,078Salaries and employee benefits
  • $281Premises and equipment expense
  • $846Additional noninterest expense
  • $322Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $322Income before extraordinary items
  • $0Extraordinary gains - net
  • $322Net income attributable to bank
  • $0Net charge-offs
  • $322Cash dividends
  • $318Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.14%Yield on earning assets
  • 0.77%Cost of funding earning assets
  • 4.37%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 3.67%Noninterest expense to earning assets
  • 0.50%Net operating income to assets
  • 0.50%Return on assets (ROA)
  • 0.50%Pretax return on assets
  • 4.72%Return on equity (ROE)
  • 4.72%Retained earnings to average equity (YTD only)
  • 0.62%Net charge-offs to loans
  • 99.06%Credit loss provision to net charge-offs
  • 2.00%Efficiency ratio
  • 77,586Assets per employee
  • 3.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.48%Loss allowance to noncurrent loans
  • 121.55%Noncurrent assets plus other real estate owned to assets
  • 0.93%Noncurrent loans to loans
  • 1.22%Net loans and leases to deposits
  • 86.01%Net loans and leases to core deposits
  • 90.28%Equity capital to assets
  • 12.09%Core capital (leverage) ratio
  • 12.16%Tier 1 risk-based capital ratio
  • 15.22%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $64,236Average earning assets
  • $6,828Average equity
  • $60,161Average loans

List of branches

  • 2 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0433198Huron Valley State Bank130 South Milford Road, Milford, MI 48381August 15, 2005Full Service Brick and Mortar
    1492775Duck Lake Branch2920 E. Highland Road, Highland, MI 48356November 08, 2008Full Service Brick and Mortar

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