Kalamazoo County State Bank in Schoolcraft, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


Kalamazoo County State Bank - Overview

  • General
  • FDIC Certificate #: 5892
    Status: Active
    Federal Reserve ID: 644141
    Date Established: January 01, 1908
    WWW: http://www.kcsbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 10710
    FDIC's unique #: 4018
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 02, 2010
    Last Structure Change Process Date: June 02, 2010
    Last Data Update: June 02, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 223 N Grand Street, Schoolcraft, MI 49087
    County: Kalamazoo
    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): Kalamazoo-Portage, MI (#28020)
    CBSA Metro Statistical Area: Kalamazoo-Portage, MI (#28020)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $84.7 mil
    Equity capital: $11.4 mil
    Deposits held in domestic offices: $73.0 mil
    Return on assets (ROA): 0.48% ($0.4 mil)
    Quarterly return on assets: 0.56% ($0.5 mil)
    Return on Equity (ROE): 3.62% ($0.4 mil)
    Quarterly return on equity: 4.11% ($0.5 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.43% ($364.3 mil)
    Quarterly Pretax return on assets: 0.52% ($440.6 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
  • 34Total employees (full-time equivalent)
  • $84,722Total assets
  • $7,336Cash and due from depository institutions
  • $5,537Interest-bearing balances
  • $29,695Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $44,244Net loans & leases
  • $646Loan loss allowance
  • $0Trading account assets
  • $783Bank premises and fixed assets
  • $1,493Other real estate owned
  • $0Goodwill and other intangibles
  • $84,722Life insurance assets
  • $1,171All other assets
  • $73,329Total liabilities and capital
  • $73,047Total liabilities
  • $55,207Total deposits
  • $73,047Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $282Subordinated debt
  • $11,393All other liabilities
  • $11,393Total equity capital
  • $11,393Total bank equity capital
  • $0Perpetual preferred stock
  • $205Common stock
  • $6,295Surplus
  • $4,893Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $65Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,634Income earned, not collected on loans
  • $0Earning assets
  • $427Long-term assets (5+ years)
  • $79,476Average Assets, year-to-date
  • $18,747Average Assets, quarterly
  • $84,327Volatile liabilities
  • $84,081Insider loans
  • $46,839FHLB advances
  • $83,791Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,815Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,071Restructured Loans and leases
  • $828Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,488Total interest income
  • $388Total interest expense
  • $3,100Net interest income
  • $250Provision for loan and lease losses
  • $519Total noninterest income
  • $0Fiduciary activities
  • $281Service charges on deposit accounts
  • $0Trading account gains & fees
  • $238Additional noninterest income
  • $3,005Total noninterest expense
  • $1,626Salaries and employee benefits
  • $307Premises and equipment expense
  • $1,072Additional noninterest expense
  • $364Pre-tax net operating income
  • $0Securities gains (losses)
  • -$37Applicable income taxes
  • $401Income before extraordinary items
  • $0Extraordinary gains - net
  • $401Net income attributable to bank
  • $0Net charge-offs
  • $401Cash dividends
  • $234Sale, conversion, retirement of capital stock, net
  • $135Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.40%Yield on earning assets
  • 0.49%Cost of funding earning assets
  • 3.91%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 3.79%Noninterest expense to earning assets
  • 0.48%Net operating income to assets
  • 0.48%Return on assets (ROA)
  • 0.43%Pretax return on assets
  • 3.62%Return on equity (ROE)
  • 2.40%Retained earnings to average equity (YTD only)
  • 0.53%Net charge-offs to loans
  • 106.84%Credit loss provision to net charge-offs
  • 2.62%Efficiency ratio
  • 83,034Assets per employee
  • 2.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 33.67%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 39.53%Noncurrent assets plus other real estate owned to assets
  • 3.69%Noncurrent loans to loans
  • 3.64%Net loans and leases to deposits
  • 60.57%Net loans and leases to core deposits
  • 62.44%Equity capital to assets
  • 13.45%Core capital (leverage) ratio
  • 12.91%Tier 1 risk-based capital ratio
  • 23.09%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $84,327Average earning assets
  • $11,088Average equity
  • $79,206Average loans

List of branches

  • 3 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04018Kalamazoo County State Bank223 N Grand Street, Schoolcraft, MI 49087January 01, 1908Full Service Brick and Mortar
    1208335Mattawan Branch305 North Main Street, Mattawan, MI 49071April 17, 1972Full Service Brick and Mortar
    3208337Vicksburg Branch216 East Prairie, Vicksburg, MI 49097Febuary 19, 1996Full Service Brick and Mortar

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