Lapeer County Bank & Trust Co. in Lapeer, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Lapeer County Bank & Trust Co. in Lapeer, Michigan (MI)
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Lapeer County Bank & Trust Co. - Overview

  • General
  • FDIC Certificate #: 14913
    Status: Active
    Federal Reserve ID: 184142
    Bank Holding Company (Regulatory Top Holder): County Bank Corp (RSSDID: 1363681, Location: Lapeer, MI)
    Date Established: January 01, 1902
    WWW: http://www.lcbt.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 9340
    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, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 83 West Nepessing Street, Lapeer, MI 48446
    County: Lapeer
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $300.4 mil
    Equity capital: $29.6 mil
    Deposits held in domestic offices: $270.1 mil
    Return on assets (ROA): 0.72% ($2.2 mil)
    Quarterly return on assets: 0.64% ($1.9 mil)
    Return on Equity (ROE): 7.51% ($2.3 mil)
    Quarterly return on equity: 6.45% ($1.9 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.00% ($3,003.7 mil)
    Quarterly Pretax return on assets: 0.89% ($2,673.3 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
  • 109Total employees (full-time equivalent)
  • $300,369Total assets
  • $15,766Cash and due from depository institutions
  • $9,463Interest-bearing balances
  • $94,991Securities
  • $100Federal funds sold & reverse repurchase agreements
  • $176,719Net loans & leases
  • $4,933Loan loss allowance
  • $0Trading account assets
  • $5,014Bank premises and fixed assets
  • $2,814Other real estate owned
  • $291Goodwill and other intangibles
  • $300,369Life insurance assets
  • $4,674All other assets
  • $270,771Total liabilities and capital
  • $270,064Total liabilities
  • $227,724Total deposits
  • $270,064Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $707Subordinated debt
  • $29,598All other liabilities
  • $29,598Total equity capital
  • $29,598Total bank equity capital
  • $0Perpetual preferred stock
  • $1,531Common stock
  • $16,500Surplus
  • $11,567Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,698Income earned, not collected on loans
  • $0Earning assets
  • $1,226Long-term assets (5+ years)
  • $281,273Average Assets, year-to-date
  • $127,998Average Assets, quarterly
  • $297,083Volatile liabilities
  • $299,775Insider loans
  • $183,286FHLB advances
  • $301,185Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $28,458Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,947Restructured Loans and leases
  • $6,774Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,522Total interest income
  • $1,919Total interest expense
  • $11,603Net interest income
  • $3,100Provision for loan and lease losses
  • $3,126Total noninterest income
  • $714Fiduciary activities
  • $1,474Service charges on deposit accounts
  • $0Trading account gains & fees
  • $938Additional noninterest income
  • $9,136Total noninterest expense
  • $5,354Salaries and employee benefits
  • $939Premises and equipment expense
  • $2,843Additional noninterest expense
  • $2,493Pre-tax net operating income
  • $463Securities gains (losses)
  • $817Applicable income taxes
  • $2,139Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,139Net income attributable to bank
  • $0Net charge-offs
  • $2,139Cash dividends
  • $1,675Sale, conversion, retirement of capital stock, net
  • $224Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.87%Yield on earning assets
  • 0.69%Cost of funding earning assets
  • 4.18%Net interest margin
  • 1.12%Noninterest income to earning assets
  • 3.29%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 7.51%Return on equity (ROE)
  • 6.73%Retained earnings to average equity (YTD only)
  • 0.88%Net charge-offs to loans
  • 185.07%Credit loss provision to net charge-offs
  • 3.34%Efficiency ratio
  • 62,027Assets per employee
  • 2.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 10.47%Loss allowance to loans
  • 2.72%Loss allowance to noncurrent loans
  • 182.84%Noncurrent assets plus other real estate owned to assets
  • 1.84%Noncurrent loans to loans
  • 1.49%Net loans and leases to deposits
  • 65.44%Net loans and leases to core deposits
  • 68.88%Equity capital to assets
  • 9.85%Core capital (leverage) ratio
  • 9.45%Tier 1 risk-based capital ratio
  • 15.53%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $297,083Average earning assets
  • $28,474Average equity
  • $277,870Average 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
  • $81,474Managed Assets
  • 1Number of Accounts
  • $78,929Personal trust and agency accounts
  • $21,950Employee benefit-defined contribution accounts
  • $5,703Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $14,838Corporate trust and agency accounts
  • $2,121Investment management agency accounts
  • $24,219Other fiduciary accounts
  • $10,098Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 217Number of Accounts
  • $0Personal trust and agency accounts
  • $14,838Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,545Other retirement accounts
  • $253Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $2,281Fiduciary accounts held in foreign offices

List of branches

  • 7 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09340Lapeer County Bank & Trust Co.83 West Nepessing Street, Lapeer, MI 48446January 01, 1902Full Service Brick and Mortar
    1232401Elba Branch5508 Davison Road, Lapeer, MI 48446October 22, 1965Full Service Brick and Mortar
    3232403Southgate Branch637 South Main Street, Lapeer, MI 48446November 02, 1970Full Service Brick and Mortar
    4232404Attica Branch4515 Imlay City Road, Attica, MI 48412June 27, 1979Full Service Brick and Mortar
    5232405Metamora Branch3414 South Lapeer Road, Metamora Township, MI 48455March 01, 1989Full Service Brick and Mortar
    6232406Deerfield Branch6002-B North Lapeer Road, North Branch, MI 48461May 30, 1993Full Service Brick and Mortar
    7358282Imlay City Branch1875 S Cedar, Imlay City, MI 48444August 01, 1999Full Service Brick and Mortar

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