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


  • Mayville State Bank in Mayville, Michigan (MI)
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Mayville State Bank - Overview

  • General
  • FDIC Certificate #: 12899
    Status: Active
    Federal Reserve ID: 358448
    Bank Holding Company (Regulatory Top Holder): Mayville Financial Corporation (RSSDID: 2907251, Location: Mayville, MI)
    Date Established: April 15, 1885
    WWW: http://www.mayvillestatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 15618
    FDIC's unique #: 8166
    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: No
    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: 6104 Fulton, Mayville, MI 48744
    County: Tuscola
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $89.1 mil
    Equity capital: $8.9 mil
    Deposits held in domestic offices: $79.7 mil
    Return on assets (ROA): 0.65% ($0.6 mil)
    Quarterly return on assets: 0.37% ($0.3 mil)
    Return on Equity (ROE): 6.57% ($0.6 mil)
    Quarterly return on equity: 3.68% ($0.3 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.80% ($713.1 mil)
    Quarterly Pretax return on assets: 0.52% ($463.5 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
  • 33Total employees (full-time equivalent)
  • $89,134Total assets
  • $4,871Cash and due from depository institutions
  • $0Interest-bearing balances
  • $27,665Securities
  • $1,800Federal funds sold & reverse repurchase agreements
  • $50,453Net loans & leases
  • $669Loan loss allowance
  • $0Trading account assets
  • $854Bank premises and fixed assets
  • $35Other real estate owned
  • $0Goodwill and other intangibles
  • $89,134Life insurance assets
  • $3,456All other assets
  • $80,222Total liabilities and capital
  • $79,733Total liabilities
  • $69,640Total deposits
  • $79,733Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $489Subordinated debt
  • $8,912All other liabilities
  • $8,912Total equity capital
  • $8,912Total bank equity capital
  • $0Perpetual preferred stock
  • $2,535Common stock
  • $2,535Surplus
  • $3,842Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $686Income earned, not collected on loans
  • $0Earning assets
  • $324Long-term assets (5+ years)
  • $79,918Average Assets, year-to-date
  • $9,423Average Assets, quarterly
  • $89,492Volatile liabilities
  • $89,410Insider loans
  • $44,480FHLB advances
  • $89,344Loans and leases held for sale
  • $2,358Unused loan commitments
  • $2,358Tier 1 (core) risk-based capital
  • $8,609Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,762Restructured Loans and leases
  • $985Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,452Total interest income
  • $876Total interest expense
  • $2,576Net interest income
  • $235Provision for loan and lease losses
  • $710Total noninterest income
  • $0Fiduciary activities
  • $536Service charges on deposit accounts
  • $0Trading account gains & fees
  • $174Additional noninterest income
  • $2,355Total noninterest expense
  • $1,303Salaries and employee benefits
  • $314Premises and equipment expense
  • $738Additional noninterest expense
  • $696Pre-tax net operating income
  • $20Securities gains (losses)
  • $132Applicable income taxes
  • $584Income before extraordinary items
  • $0Extraordinary gains - net
  • $584Net income attributable to bank
  • $0Net charge-offs
  • $584Cash dividends
  • $161Sale, conversion, retirement of capital stock, net
  • $507Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.27%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 3.19%Net interest margin
  • 0.88%Noninterest income to earning assets
  • 2.92%Noninterest expense to earning assets
  • 0.63%Net operating income to assets
  • 0.65%Return on assets (ROA)
  • 0.80%Pretax return on assets
  • 6.57%Return on equity (ROE)
  • 0.87%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 145.96%Credit loss provision to net charge-offs
  • 5.78%Efficiency ratio
  • 71,668Assets per employee
  • 2.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 86.82%Loss allowance to loans
  • 1.31%Loss allowance to noncurrent loans
  • 97.52%Noncurrent assets plus other real estate owned to assets
  • 0.81%Noncurrent loans to loans
  • 1.34%Net loans and leases to deposits
  • 63.28%Net loans and leases to core deposits
  • 63.98%Equity capital to assets
  • 10.00%Core capital (leverage) ratio
  • 9.64%Tier 1 risk-based capital ratio
  • 19.35%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $89,492Average earning assets
  • $8,892Average equity
  • $80,772Average loans

List of branches

  • 3 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08166Mayville State Bank6104 Fulton, Mayville, MI 48744April 15, 1885Full Service Brick and Mortar
    2228276Millington Branch8428 North State Street, Millington, MI 48746December 06, 1993Full Service Brick and Mortar
    3228277Main Street Supermarket Branch315 East Main Street, Mayville, MI 48744July 10, 1997Full Service Retail

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