Marshall Savings Bank, F.S.B. in Marshall, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 07, 2004

Marshall Savings Bank, F.S.B. in Marshall, Michigan (MI)
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Marshall Savings Bank, F.S.B. - Overview

General
FDIC Certificate #: 30502
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Monarch Community Bank (#29069)
Federal Reserve ID: 295570
Date Established: January 01, 1920
WWW: http://www.marshallsavings.com
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 5462
FDIC's unique #: 43336
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: August 17, 1956
Last Structure Change Effective Date: June 07, 2004
Last Structure Change Process Date: June 23, 2004
Last Data Update: June 23, 2004
Data Source Date: April 05, 2012
Location
Address: 107 N Park Street, Marshall, MI 49068
County: Calhoun
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): Battle Creek, MI (#12980)
CBSA Metro Statistical Area: Battle Creek, MI (#12980)
Financial Summary
Total assets: $92.3 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, 2003)

Dollar figures in thousands
30Total employees (full-time equivalent)
$94,375Total assets
$4,145Cash and due from depository institutions
$2,081Interest-bearing balances
$8,708Securities
$0Federal funds sold & reverse repurchase agreements
$72,271Net loans & leases
$477Loan loss allowance
$0Trading account assets
$1,246Bank premises and fixed assets
$1,584Other real estate owned
$2,584Goodwill and other intangibles
$0Life insurance assets
$3,837All other assets
$94,375Total liabilities and capital
$80,310Total liabilities
$70,739Total deposits
$65,283Interest-bearing deposits
$70,739Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$9,383Other borrowed funds
$0Subordinated debt
$188All other liabilities
$14,065Total equity capital
$14,065Total bank equity capital
$14,065Perpetual preferred stock
$0Common stock
$15Surplus
$4,589Undivided profits
Memoranda
$9,461Noncurrent loans and leases
$9,449Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,139Earning assets
$0Long-term assets (5+ years)
$417Average Assets, year-to-date
$83,060Average Assets, quarterly
$0Volatile liabilities
$99,429Insider loans
$95,901FHLB advances
$17,853Loans and leases held for sale
$4Unused loan commitments
$9,327Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,449Total unused commitments
$0Restructured Loans and leases
$477Derivatives

Income and Expense (December 31, 2003)

Dollar figures in thousands
$5,254Total interest income
$1,811Total interest expense
$3,443Net interest income
$175Provision for loan and lease losses
$1,185Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,185Additional noninterest income
$3,047Total noninterest expense
$1,628Salaries and employee benefits
$642Premises and equipment expense
$777Additional noninterest expense
$1,406Pre-tax net operating income
$1,179Securities gains (losses)
$968Applicable income taxes
$1,617Income before extraordinary items
$0Extraordinary gains - net
$1,617Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$211Sale, conversion, retirement of capital stock, net
$973Net operating income

Performance and Condition Ratios (December 31, 2003)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.91%Yield on earning assets
2.04%Cost of funding earning assets
3.87%Net interest margin
1.33%Noninterest income to earning assets
3.43%Noninterest expense to earning assets
0.87%Net operating income to assets
1.63%Return on assets (ROA)
2.60%Pretax return on assets
11.83%Return on equity (ROE)
4.71%Retained earnings to average equity (YTD only)
0.28%Net charge-offs to loans
82.94%Credit loss provision to net charge-offs
7.49%Efficiency ratio
64,304Assets per employee
3.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
60.17%Loss allowance to loans
0.66%Loss allowance to noncurrent loans
41.88%Noncurrent assets plus other real estate owned to assets
2.89%Noncurrent loans to loans
1.57%Net loans and leases to deposits
102.17%Net loans and leases to core deposits
116.06%Equity capital to assets
14.90%Core capital (leverage) ratio
13.29%Tier 1 risk-based capital ratio
19.72%Total risk-based capital ratio
Memoranda
$20Average assets
$99,429Average earning assets
$13,664Average equity
$88,859Average loans

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