Lake-Osceola State Bank in Baldwin, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Lake-Osceola State Bank in Baldwin, Michigan (MI)
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Lake-Osceola State Bank - Overview

  • General
  • FDIC Certificate #: 8172
    Status: Active
    Federal Reserve ID: 11145
    Date Established: January 01, 1908
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 11663
    FDIC's unique #: 5203
    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: 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: 790 North Michigan Avenue, Baldwin, MI 49304
    County: Lake
    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
  • History of Changes
  • Name Change
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $169.4 mil
    Equity capital: $17.4 mil
    Deposits held in domestic offices: $141.7 mil
    Return on assets (ROA): 0.61% ($1.0 mil)
    Quarterly return on assets: 0.51% ($0.9 mil)
    Return on Equity (ROE): 6.03% ($1.0 mil)
    Quarterly return on equity: 4.95% ($0.8 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.80% ($1,355.0 mil)
    Quarterly Pretax return on assets: 0.50% ($846.9 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
  • 57Total employees (full-time equivalent)
  • $169,378Total assets
  • $6,155Cash and due from depository institutions
  • $2,225Interest-bearing balances
  • $18,579Securities
  • $600Federal funds sold & reverse repurchase agreements
  • $129,608Net loans & leases
  • $1,598Loan loss allowance
  • $0Trading account assets
  • $5,618Bank premises and fixed assets
  • $1,928Other real estate owned
  • $449Goodwill and other intangibles
  • $169,378Life insurance assets
  • $6,441All other assets
  • $152,021Total liabilities and capital
  • $141,650Total liabilities
  • $122,284Total deposits
  • $141,650Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $9,453Trading liabilities
  • $0Other borrowed funds
  • $918Subordinated debt
  • $17,357All other liabilities
  • $17,357Total equity capital
  • $17,357Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $5,000Surplus
  • $11,357Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,254Income earned, not collected on loans
  • $484Earning assets
  • $451Long-term assets (5+ years)
  • $151,012Average Assets, year-to-date
  • $30,678Average Assets, quarterly
  • $169,265Volatile liabilities
  • $170,490Insider loans
  • $111,755FHLB advances
  • $167,948Loans and leases held for sale
  • $3,257Unused loan commitments
  • $1,104Tier 1 (core) risk-based capital
  • $16,482Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,153Total unused commitments
  • $16,019Restructured Loans and leases
  • $1,210Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,321Total interest income
  • $1,529Total interest expense
  • $6,792Net interest income
  • $840Provision for loan and lease losses
  • $1,353Total noninterest income
  • $0Fiduciary activities
  • $645Service charges on deposit accounts
  • $0Trading account gains & fees
  • $708Additional noninterest income
  • $5,964Total noninterest expense
  • $2,830Salaries and employee benefits
  • $925Premises and equipment expense
  • $2,209Additional noninterest expense
  • $1,341Pre-tax net operating income
  • $16Securities gains (losses)
  • $324Applicable income taxes
  • $1,033Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,033Net income attributable to bank
  • $0Net charge-offs
  • $1,033Cash dividends
  • $1,194Sale, conversion, retirement of capital stock, net
  • $680Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.53%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 4.51%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 3.96%Noninterest expense to earning assets
  • 0.60%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.80%Pretax return on assets
  • 6.03%Return on equity (ROE)
  • 2.06%Retained earnings to average equity (YTD only)
  • 0.94%Net charge-offs to loans
  • 70.35%Credit loss provision to net charge-offs
  • 1.83%Efficiency ratio
  • 73,223Assets per employee
  • 2.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.83%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 70.90%Noncurrent assets plus other real estate owned to assets
  • 2.47%Noncurrent loans to loans
  • 1.72%Net loans and leases to deposits
  • 91.50%Net loans and leases to core deposits
  • 97.80%Equity capital to assets
  • 10.25%Core capital (leverage) ratio
  • 9.81%Tier 1 risk-based capital ratio
  • 14.75%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $169,265Average earning assets
  • $17,137Average equity
  • $150,489Average loans

List of branches

  • 8 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05203Lake-Osceola State Bank790 North Michigan Avenue, Baldwin, MI 49304January 01, 1908Full Service Brick and Mortar
    1218092Luther Branch203 State Street, Luther, MI 49656May 06, 1963Full Service Brick and Mortar
    2218093Tustin Branch109 East Church Street, Tustin, MI 49688September 08, 1953Full Service Brick and Mortar
    3218094Irons Branch10464 North Brooks Road, Irons, MI 49644November 08, 1995Full Service Brick and Mortar
    4187393Wellston Branch17222 Caberfae Highway, Wellston, MI 49689December 19, 1973Full Service Brick and Mortar
    5218095Reed City Branch217 South Chesnut Street, Reed City, MI 49677July 26, 1999Full Service Brick and Mortar
    6463061Big Rapids Branch102 North Michigan Avenue, Big Rapids, MI 49307April 09, 2007Full Service Brick and Mortar
    7515535Perry Avenue Big Rapids Branch226 Perry Avenue, Big Rapids, MI 49307August 30, 2010Full Service Brick and Mortar

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