Monarch Community Bank in Coldwater, Michigan (MI)

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Monarch Community Bank
GeneralFDIC Certificate #: 29069
Status: Active
Federal Reserve ID: 891673
Bank Holding Company (Regulatory Top Holder): Monarch Community Bancorp, Inc (RSSDID: 3226520, Location: Coldwater, MI)
Date Established: July 01, 1934
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 2859
FDIC's unique #: 41903
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: Commercial Lending Specialization
Date of Deposit Insurance: November 23, 1934
Last Structure Change Effective Date: September 17, 2010
Last Structure Change Process Date: September 20, 2010
Last Data Update: September 20, 2010
Data Source Date: April 05, 2012
LocationAddress: 375 N. Willowbrook Road, Coldwater, MI 49036
County: Branch
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
Core Based Statistical Area (CBSA): Coldwater, MI (#17740)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $207.7 mil
Equity capital: $11.8 mil
Deposits held in domestic offices: $174.3 mil
Return on assets (ROA): -0.07% (-$0.1 mil)
Quarterly return on assets: -1.31% (-$2.7 mil)
Return on Equity (ROE): -1.33% (-$0.2 mil)
Quarterly return on equity: -23.32% (-$2.8 mil)
Net income: -$0.2 mil
Quarterly Net income: -$0.7 mil
Pretax return on assets: -0.01% (-$20.8 mil)
Quarterly Pretax return on assets: -1.10% (-$2,285.1 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)
Total employees (full-time equivalent)79
Total assets$207,740
Cash and due from depository institutions$23,536
Interest-bearing balances$16,595
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$151,061
Loan loss allowance $4,656
Trading account assets$0
Bank premises and fixed assets$3,992
Other real estate owned$2,519
Goodwill and other intangibles$1,211
All other assets$12,968
Life insurance assets$207,740
Total liabilities and capital$195,942
Total liabilities$174,311
Total deposits$154,502
Interest-bearing deposits$174,311
Deposits held in domestic offices$98
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$20,175
Other borrowed funds $0
Subordinated debt $1,456
All other liabilities $11,798
Total equity capital$11,798
Total bank equity capital$11,798
Perpetual preferred stock$0
Common stock$23
Undivided profits $-25,262
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $653
Income earned, not collected on loans $10,676
Earning assets $56
Long-term assets (5+ years) $274
Average Assets, year-to-date $180,109
Average Assets, quarterly $54,167
Volatile liabilities $236,963
Insider loans $215,598
FHLB advances $139,516
Loans and leases held for sale $217,998
Unused loan commitments $3,206
Tier 1 (core) risk-based capital $3,206
Tier 2 risk-based capital $11,479
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $18,287
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,688
Total interest expense $3,639
Net interest income $7,049
Provision for loan and lease losses $733
Total noninterest income $2,654
Fiduciary activities $0
Service charges on deposit accounts $1,168
Trading account gains & fees $0
Additional noninterest income $1,486
Total noninterest expense $9,452
Salaries and employee benefits $4,464
Premises and equipment expense $872
Additional noninterest expense $4,116
Pre-tax net operating income -$482
Securities gains (losses) $469
Applicable income taxes $150
Income before extraordinary items -$163
Extraordinary gains - net $0
Net income attributable to bank -$163
Net charge-offs $0
Cash dividends -$163
Sale, conversion, retirement of capital stock, net $2,927
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.13%
Cost of funding earning assets 1.75%
Net interest margin 3.38%
Noninterest income to earning assets 1.27%
Noninterest expense to earning assets 4.54%
Net operating income to assets -0.27%
Return on assets (ROA) -0.07%
Pretax return on assets -0.01%
Return on equity (ROE) -1.33%
Retained earnings to average equity (YTD only) -1.33%
Net charge-offs to loans 1.68%
Credit loss provision to net charge-offs 25.04%
Efficiency ratio0.09%
Assets per employee$95,929
Cash dividends to net income (YTD only)2.63%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.99%
Noncurrent assets plus other real estate owned to assets 43.61%
Noncurrent loans to loans 6.35%
Net loans and leases to deposits6.86%
Net loans and leases to core deposits 86.66%
Equity capital to assets 90.27%
Core capital (leverage) ratio 5.68%
Tier 1 risk-based capital ratio 5.27%
Total risk-based capital ratio 8.23%
Average assets$10
Average earning assets$236,963
Average equity $12,268
Average loans $208,351
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5 Michigan Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
041903Monarch Community Bank375 N. Willowbrook Road, Coldwater, MI 49036July 01, 1934Full Service Brick and Mortar
2272660365 N. Broadway Branch365 N. Broadway, Union City, MI 49094July 01, 1934Full Service Brick and Mortar
101272663West Carleton Branch1 West Carleton, Hillsdale, MI 49242June 01, 1998Full Service Brick and Mortar
10543336Marshall Bank Branch107 N Park Street, Marshall, MI 49068January 01, 1920Full Service Brick and Mortar
10628063615975 W. Michigan Ave. Branch15975 W. Michigan Avenue, Marshall, MI 49068June 30, 1986Full Service Brick and Mortar
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