Mason State Bank in Mason, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Mason State Bank - Overview

  • General
  • FDIC Certificate #: 1001
    Status: Active
    Federal Reserve ID: 49344
    Bank Holding Company (Regulatory Top Holder): Capital Directions, Inc. (RSSDID: 1249132, Location: Mason, MI)
    Date Established: June 07, 1886
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 10973
    FDIC's unique #: 661
    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: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    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: 322 South Jefferson Street, Mason, MI 48854
    County: Ingham
    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): Lansing-East Lansing, MI (#4040)
    Combined Statistical Area (CSA): Lansing-East Lansing-Owosso, MI (#330)
    Core Based Statistical Area (CBSA): Lansing-East Lansing, MI (#29620)
    CBSA Metro Statistical Area: Lansing-East Lansing, MI (#29620)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $121.7 mil
    Equity capital: $13.2 mil
    Deposits held in domestic offices: $79.7 mil
    Return on assets (ROA): 0.45% ($0.5 mil)
    Quarterly return on assets: 0.22% ($0.3 mil)
    Return on Equity (ROE): 4.25% ($0.6 mil)
    Quarterly return on equity: 2.03% ($0.3 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.45% ($547.8 mil)
    Quarterly Pretax return on assets: 0.22% ($267.8 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
  • 31Total employees (full-time equivalent)
  • $121,728Total assets
  • $12,440Cash and due from depository institutions
  • $9,185Interest-bearing balances
  • $19,620Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $81,844Net loans & leases
  • $390Loan loss allowance
  • $0Trading account assets
  • $774Bank premises and fixed assets
  • $1,727Other real estate owned
  • $273Goodwill and other intangibles
  • $121,728Life insurance assets
  • $5,050All other assets
  • $108,514Total liabilities and capital
  • $79,690Total liabilities
  • $61,432Total deposits
  • $79,690Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $27,850Trading liabilities
  • $0Other borrowed funds
  • $974Subordinated debt
  • $13,214All other liabilities
  • $13,214Total equity capital
  • $13,214Total bank equity capital
  • $0Perpetual preferred stock
  • $744Common stock
  • $7,256Surplus
  • $5,214Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $737Income earned, not collected on loans
  • $0Earning assets
  • $363Long-term assets (5+ years)
  • $110,649Average Assets, year-to-date
  • $52,150Average Assets, quarterly
  • $123,855Volatile liabilities
  • $123,484Insider loans
  • $67,221FHLB advances
  • $122,859Loans and leases held for sale
  • $2,049Unused loan commitments
  • $2,049Tier 1 (core) risk-based capital
  • $12,848Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,780Restructured Loans and leases
  • $2,195Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,413Total interest income
  • $2,059Total interest expense
  • $3,354Net interest income
  • $155Provision for loan and lease losses
  • $511Total noninterest income
  • $0Fiduciary activities
  • $201Service charges on deposit accounts
  • $0Trading account gains & fees
  • $310Additional noninterest income
  • $3,175Total noninterest expense
  • $1,768Salaries and employee benefits
  • $346Premises and equipment expense
  • $1,061Additional noninterest expense
  • $535Pre-tax net operating income
  • $20Securities gains (losses)
  • $0Applicable income taxes
  • $555Income before extraordinary items
  • $0Extraordinary gains - net
  • $555Net income attributable to bank
  • $0Net charge-offs
  • $555Cash dividends
  • $234Sale, conversion, retirement of capital stock, net
  • $362Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.86%Yield on earning assets
  • 1.85%Cost of funding earning assets
  • 3.01%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 2.85%Noninterest expense to earning assets
  • 0.43%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.45%Pretax return on assets
  • 4.25%Return on equity (ROE)
  • 1.48%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 66.24%Credit loss provision to net charge-offs
  • 2.95%Efficiency ratio
  • 82,147Assets per employee
  • 3.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.23%Loss allowance to loans
  • 0.47%Loss allowance to noncurrent loans
  • 52.92%Noncurrent assets plus other real estate owned to assets
  • 2.02%Noncurrent loans to loans
  • 0.90%Net loans and leases to deposits
  • 102.70%Net loans and leases to core deposits
  • 127.33%Equity capital to assets
  • 10.86%Core capital (leverage) ratio
  • 10.46%Tier 1 risk-based capital ratio
  • 19.11%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $123,855Average earning assets
  • $13,061Average equity
  • $111,479Average loans

List of branches

  • 4 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0661Mason State Bank322 South Jefferson Street, Mason, MI 48854June 07, 1886Full Service Brick and Mortar
    1187401Cedar Street Branch661 North Cedar Street, Mason, MI 48854July 09, 1965Limited Service Facility
    2187402Leslie Branch810 W Bellevue Street, Leslie, MI 49251October 01, 1998Full Service Retail
    3465748Mason State Financial Center Branch2200 Coolidge Road, Suite 14, East Lansing, MI 48826July 10, 2006Full Service Brick and Mortar

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