Isabella Bank in Mount Pleasant, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Isabella Bank in Mount Pleasant, Michigan (MI)
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Isabella Bank - Overview

  • General
  • FDIC Certificate #: 1005
    Status: Active
    Federal Reserve ID: 74140
    Bank Holding Company (Regulatory Top Holder): Isabella Bank Corporation (RSSDID: 1401118, Location: Mount Pleasant, MI)
    Date Established: July 01, 1903
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 26 (Domestic: 25, Interstate: No)
    OTS Docket #: 10541
    FDIC's unique #: 664
    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, 2008
    Last Structure Change Process Date: April 07, 2008
    Last Data Update: April 07, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 East Broadway, Mount Pleasant, MI 48858
    County: Isabella
    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
    Core Based Statistical Area (CBSA): Mount Pleasant, MI (#34380)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $1,284.4 mil
    Equity capital: $104.6 mil
    Deposits held in domestic offices: $960.9 mil
    Return on assets (ROA): 0.96% ($12.3 mil)
    Quarterly return on assets: 0.95% ($12.2 mil)
    Return on Equity (ROE): 11.85% ($12.4 mil)
    Quarterly return on equity: 11.67% ($12.3 mil)
    Net income: $11.8 mil
    Quarterly Net income: $3.0 mil
    Pretax return on assets: 1.13% ($14,513.8 mil)
    Quarterly Pretax return on assets: 1.05% ($13,486.3 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
  • 301Total employees (full-time equivalent)
  • $1,284,407Total assets
  • $37,466Cash and due from depository institutions
  • $13,000Interest-bearing balances
  • $421,553Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $744,877Net loans & leases
  • $12,376Loan loss allowance
  • $4,710Trading account assets
  • $22,607Bank premises and fixed assets
  • $1,620Other real estate owned
  • $5,708Goodwill and other intangibles
  • $1,284,407Life insurance assets
  • $45,866All other assets
  • $1,179,783Total liabilities and capital
  • $960,935Total liabilities
  • $839,368Total deposits
  • $960,935Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 73894.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $142,242Trading liabilities
  • $0Other borrowed funds
  • $2,712Subordinated debt
  • $104,624All other liabilities
  • $104,624Total equity capital
  • $104,624Total bank equity capital
  • $0Perpetual preferred stock
  • $6,831Common stock
  • $55,794Surplus
  • $41,999Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,205Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,152Income earned, not collected on loans
  • $0Earning assets
  • $5,803Long-term assets (5+ years)
  • $1,184,140Average Assets, year-to-date
  • $424,456Average Assets, quarterly
  • $1,230,325Volatile liabilities
  • $1,276,227Insider loans
  • $800,346FHLB advances
  • $1,270,202Loans and leases held for sale
  • $22,075Unused loan commitments
  • $22,075Tier 1 (core) risk-based capital
  • $94,508Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $124,629Restructured Loans and leases
  • $6,500Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $57,920Total interest income
  • $16,181Total interest expense
  • $41,739Net interest income
  • $3,826Provision for loan and lease losses
  • $9,160Total noninterest income
  • $979Fiduciary activities
  • $2,681Service charges on deposit accounts
  • -$78Trading account gains & fees
  • $5,578Additional noninterest income
  • $33,113Total noninterest expense
  • $15,990Salaries and employee benefits
  • $4,825Premises and equipment expense
  • $12,298Additional noninterest expense
  • $13,960Pre-tax net operating income
  • $3Securities gains (losses)
  • $2,184Applicable income taxes
  • $11,779Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,779Net income attributable to bank
  • $0Net charge-offs
  • $11,779Cash dividends
  • $3,824Sale, conversion, retirement of capital stock, net
  • $6,500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.10%Yield on earning assets
  • 1.43%Cost of funding earning assets
  • 3.68%Net interest margin
  • 0.81%Noninterest income to earning assets
  • 2.92%Noninterest expense to earning assets
  • 0.96%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 1.13%Pretax return on assets
  • 11.85%Return on equity (ROE)
  • 5.31%Retained earnings to average equity (YTD only)
  • 0.51%Net charge-offs to loans
  • 100.05%Credit loss provision to net charge-offs
  • 4.65%Efficiency ratio
  • 64,469Assets per employee
  • 4.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 55.18%Loss allowance to loans
  • 1.63%Loss allowance to noncurrent loans
  • 173.04%Noncurrent assets plus other real estate owned to assets
  • 0.68%Noncurrent loans to loans
  • 0.94%Net loans and leases to deposits
  • 77.52%Net loans and leases to core deposits
  • 87.64%Equity capital to assets
  • 8.15%Core capital (leverage) ratio
  • 7.44%Tier 1 risk-based capital ratio
  • 11.81%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,230,325Average earning assets
  • $99,411Average equity
  • $1,135,078Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $107,379Managed Assets
  • 1Number of Accounts
  • $90,847Personal trust and agency accounts
  • $36,444Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $9,365Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $37,170Other fiduciary accounts
  • $7,868Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 293Number of Accounts
  • $0Personal trust and agency accounts
  • $9,365Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $16,532Other retirement accounts
  • $1,357Corporate trust and agency accounts
  • $5,003Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 26 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0664Isabella Bank200 East Broadway, Mount Pleasant, MI 48858July 01, 1903Full Service Brick and Mortar
    1187423Drive-In Branch200 S University, Mount Pleasant, MI 48858June 18, 1964Limited Service Facility
    211090Weidman Branch3388 North Woodruff Road, Weidman, MI 48893November 22, 1948Full Service Brick and Mortar
    3187424West High Street Branch1402 West High Street, Mount Pleasant, MI 48858January 15, 1973Full Service Brick and Mortar
    4187425South Mission Street Branch2127 South Mission Street, Mount Pleasant, MI 48858April 08, 1976Full Service Brick and Mortar
    68673Blanchard Branch401 East Main Street, Blanchard, MI 49310September 06, 1906Full Service Brick and Mortar
    7230553Six Lakes Branch313 West Bridge Street, Six Lakes, MI 48886January 05, 1966Full Service Brick and Mortar
    8187426Pickard Street Branch1416 East Pickard Street, Mount Pleasant, MI 48858May 04, 1983Full Service Brick and Mortar
    9245796Shepherd Branch500 East Wright Avenue, Shepherd, MI 48883October 30, 1978Full Service Brick and Mortar
    10187427Beal City Branch1876 North Winn Road, Weidman, MI 48893Febuary 15, 1991Full Service Brick and Mortar
    11187428Clare Branch532 Mcewan, Clare, MI 48617December 06, 1993Full Service Brick and Mortar
    12187429Clare North Branch1125 North Mcewan Street, Clare, MI 48617Febuary 17, 1997Limited Service Facility
    138159Barryton Branch240 East Northern Avenue, Barryton, MI 49305May 14, 1908Full Service Brick and Mortar
    14228184Remus Branch220 West Wheatland Street, Remus, MI 49340December 01, 1959Full Service Brick and Mortar
    151871518529 100th Avenue Branch8529 100th Avenue, Stanwood, MI 49346September 18, 1989Limited Service Contractual
    17223122Canadian Lakes Branch8351 100th Avenue, Canadian Lakes, MI 49346May 07, 1979Full Service Brick and Mortar
    18442633Big Rapids Branch21440 Perry St, Big Rapids, MI 49307December 01, 2004Full Service Brick and Mortar
    196214Breckenridge Branch316 East Saginaw Street, Breckenridge, MI 48615August 02, 1909Full Service Brick and Mortar
    20262578Hemlock Office16490 Gratiot Road, Hemlock, MI 48626January 01, 1888Full Service Brick and Mortar
    21221081Ithaca Branch1402 East Center, Ithaca, MI 48847August 01, 1991Full Service Brick and Mortar
    225204Farwell Branch399 West Main Street, Farwell, MI 48622September 19, 1919Full Service Brick and Mortar
    23218096Lake Branch8225 West Ludington Drive, Lake, MI 48632August 12, 1974Full Service Brick and Mortar
    2474660Greenville Branch1405 West Washington Street, Greenville, MI 48838March 15, 1999Full Service Brick and Mortar
    25466289Stanton Branch131 N State St, Stanton, MI 48888June 08, 2007Full Service Brick and Mortar
    26478863Lake Isabella Branch125 N. Coldwater Rd, Lake Isabella, MI 48893January 02, 2008Full Service Brick and Mortar
    27522185Midland Branch2222 N. Saginaw Road, Midland, MI 48640August 16, 2010Full Service Brick and Mortar

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