Keystone Community Bank in Kalamazoo, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Keystone Community Bank - Overview

  • General
  • FDIC Certificate #: 34387
    Status: Active
    Federal Reserve ID: 2597698
    Bank Holding Company (Regulatory Top Holder): Firstbank Corporation (RSSDID: 1134322, Location: Alma, MI)
    Date Established: July 30, 1997
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 57150
    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: July 30, 1997
    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: 107 West Michigan Avenue, Kalamazoo, MI 49007
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $256.3 mil
    Equity capital: $40.5 mil
    Deposits held in domestic offices: $212.4 mil
    Return on assets (ROA): 0.21% ($0.5 mil)
    Quarterly return on assets: 0.78% ($2.0 mil)
    Return on Equity (ROE): 1.36% ($0.6 mil)
    Quarterly return on equity: 5.04% ($2.1 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.31% ($794.4 mil)
    Quarterly Pretax return on assets: 1.17% ($2,998.3 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
  • 46Total employees (full-time equivalent)
  • $256,265Total assets
  • $11,267Cash and due from depository institutions
  • $5,899Interest-bearing balances
  • $40,250Securities
  • $88Federal funds sold & reverse repurchase agreements
  • $182,150Net loans & leases
  • $4,939Loan loss allowance
  • $0Trading account assets
  • $2,441Bank premises and fixed assets
  • $300Other real estate owned
  • $16,389Goodwill and other intangibles
  • $256,265Life insurance assets
  • $3,380All other assets
  • $215,722Total liabilities and capital
  • $212,418Total liabilities
  • $172,899Total deposits
  • $212,418Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $304Subordinated debt
  • $40,543All other liabilities
  • $40,543Total equity capital
  • $40,543Total bank equity capital
  • $0Perpetual preferred stock
  • $2,500Common stock
  • $39,943Surplus
  • $-1,900Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,737Income earned, not collected on loans
  • $0Earning assets
  • $704Long-term assets (5+ years)
  • $228,387Average Assets, year-to-date
  • $29,624Average Assets, quarterly
  • $262,540Volatile liabilities
  • $260,478Insider loans
  • $191,232FHLB advances
  • $242,008Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $24,416Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $37,322Restructured Loans and leases
  • $6,837Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,149Total interest income
  • $2,391Total interest expense
  • $9,758Net interest income
  • $3,150Provision for loan and lease losses
  • $773Total noninterest income
  • $0Fiduciary activities
  • $278Service charges on deposit accounts
  • $0Trading account gains & fees
  • $495Additional noninterest income
  • $6,583Total noninterest expense
  • $2,605Salaries and employee benefits
  • $850Premises and equipment expense
  • $3,128Additional noninterest expense
  • $798Pre-tax net operating income
  • $7Securities gains (losses)
  • $262Applicable income taxes
  • $543Income before extraordinary items
  • $0Extraordinary gains - net
  • $543Net income attributable to bank
  • $0Net charge-offs
  • $543Cash dividends
  • $4,273Sale, 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
  • 1.02%Cost of funding earning assets
  • 4.17%Net interest margin
  • 0.33%Noninterest income to earning assets
  • 2.81%Noninterest expense to earning assets
  • 0.21%Net operating income to assets
  • 0.21%Return on assets (ROA)
  • 0.31%Pretax return on assets
  • 1.36%Return on equity (ROE)
  • 1.36%Retained earnings to average equity (YTD only)
  • 2.19%Net charge-offs to loans
  • 73.72%Credit loss provision to net charge-offs
  • 0.92%Efficiency ratio
  • 61,333Assets per employee
  • 5.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.64%Loss allowance to noncurrent loans
  • 132.16%Noncurrent assets plus other real estate owned to assets
  • 1.58%Noncurrent loans to loans
  • 2.00%Net loans and leases to deposits
  • 85.75%Net loans and leases to core deposits
  • 93.76%Equity capital to assets
  • 15.82%Core capital (leverage) ratio
  • 10.09%Tier 1 risk-based capital ratio
  • 12.77%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $262,540Average earning assets
  • $39,788Average equity
  • $233,951Average loans

List of branches

  • 7 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057150Keystone Community Bank107 West Michigan Avenue, Kalamazoo, MI 49007July 30, 1997Full Service Brick and Mortar
    1290602Portage Branch6405 South Westnedge Avenue, Portage, MI 49002July 30, 1997Full Service Brick and Mortar
    2429333Drake Branch235 N Drake, Kalamazoo, MI 49009September 17, 2003Full Service Retail
    3429334Woodbridge Branch3910 W. Centre Ave, Portage, MI 49024November 03, 2003Full Service Retail
    4451891Oakland Drive Branch2925 Oakland Drive, Kalamazoo, MI 49008May 22, 2006Full Service Brick and Mortar
    5467995Paw Paw Branch900 East Michigan Avenue, Paw Paw, MI 49079September 17, 2007Full Service Brick and Mortar
    6473627Gull Road Branch5073 Gull Road, Kalamazoo, MI 49048March 03, 2008Full Service Brick and Mortar

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