FDIC Certificate #: 57878 Status: Active Federal Reserve ID: 3351440 Bank Holding Company (Regulatory Top Holder): North Star Financial Holdings, Inc. (RSSDID: 3351468, Location: Bingham Farms, MI) Date Established: September 07, 2005 WWW:http://www.mainstreetbankmi.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 428792 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: September 07, 2005 Last Structure Change Effective Date: May 10, 2010 Last Structure Change Process Date: June 07, 2010 Last Data Update: June 07, 2010 Data Source Date: April 05, 2012
Location
Address: 31780 Telegraph Road, Bingham Farms, MI 48025 County: Oakland 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
Name Change
Financial Summary
Total assets: $107.2 mil Equity capital: $8.0 mil Deposits held in domestic offices: $99.0 mil Return on assets (ROA): 1.92% ($2.1 mil) Quarterly return on assets: 4.13% ($4.4 mil) Return on Equity (ROE): 26.58% ($2.1 mil) Quarterly return on equity: 56.79% ($4.5 mil) Net income: $1.8 mil Quarterly Net income: $1.1 mil Pretax return on assets: 1.92% ($2,058.1 mil) Quarterly Pretax return on assets: 4.13% ($4,427.0 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
64Total employees (full-time equivalent)
$107,192Total assets
$12,681Cash and due from depository institutions
$12,355Interest-bearing balances
$3,455Securities
$0Federal funds sold & reverse repurchase agreements
$89,121Net loans & leases
$1,257Loan loss allowance
$0Trading account assets
$439Bank premises and fixed assets
$124Other real estate owned
$192Goodwill and other intangibles
$107,192Life insurance assets
$1,180All other assets
$99,173Total liabilities and capital
$98,994Total liabilities
$88,400Total deposits
$98,994Interest-bearing deposits
$91Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$179Subordinated debt
$8,019All other liabilities
$8,019Total equity capital
$8,019Total bank equity capital
$0Perpetual preferred stock
$1,285Common stock
$8,713Surplus
$-1,979Undivided profits
Memoranda
$0Noncurrent loans and leases
$15,324Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$244Long-term assets (5+ years)
$104,931Average Assets, year-to-date
$18,908Average Assets, quarterly
$93,840Volatile liabilities
$102,958Insider loans
$79,983FHLB advances
$103,843Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$7,798Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$9,219Restructured Loans and leases
$3,624Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$5,874Total interest income
$1,106Total interest expense
$4,768Net interest income
$82Provision for loan and lease losses
$5,074Total noninterest income
$0Fiduciary activities
$200Service charges on deposit accounts
$0Trading account gains & fees
$4,874Additional noninterest income
$7,958Total noninterest expense
$5,195Salaries and employee benefits
$402Premises and equipment expense
$2,361Additional noninterest expense
$1,802Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$1,802Income before extraordinary items
$0Extraordinary gains - net
$1,802Net income attributable to bank
$0Net charge-offs
$1,802Cash dividends
$132Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.49%Yield on earning assets
1.22%Cost of funding earning assets
5.27%Net interest margin
5.61%Noninterest income to earning assets
8.80%Noninterest expense to earning assets
1.92%Net operating income to assets
1.92%Return on assets (ROA)
1.92%Pretax return on assets
26.58%Return on equity (ROE)
26.58%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
62.12%Credit loss provision to net charge-offs
14.27%Efficiency ratio
80,858Assets per employee
1.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.39%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.00%Net loans and leases to deposits
90.03%Net loans and leases to core deposits
116.95%Equity capital to assets
7.48%Core capital (leverage) ratio
7.51%Tier 1 risk-based capital ratio
9.75%Total risk-based capital ratio
Memoranda
$11Average assets
$93,840Average earning assets
$6,780Average equity
$90,452Average loans
List of branches
1 Michigan Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
428792
Main Street Bank
31780 Telegraph Road, Bingham Farms, MI 48025
September 07, 2005
Full Service Brick and Mortar
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