Main Street Bank in Bingham Farms, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Main Street Bank in Bingham Farms, Michigan (MI)
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Main Street Bank - Overview

  • General
  • 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
  • NoIDNameAddressEstablishedService TypeMap
    0428792Main Street Bank31780 Telegraph Road, Bingham Farms, MI 48025September 07, 2005Full Service Brick and Mortar

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