Monarch Community Bank in Coldwater, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Monarch Community Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 79Total employees (full-time equivalent)
  • $207,740Total assets
  • $23,536Cash and due from depository institutions
  • $16,595Interest-bearing balances
  • $12,453Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $151,061Net loans & leases
  • $4,656Loan loss allowance
  • $0Trading account assets
  • $3,992Bank premises and fixed assets
  • $2,519Other real estate owned
  • $1,211Goodwill and other intangibles
  • $207,740Life insurance assets
  • $12,968All other assets
  • $195,942Total liabilities and capital
  • $174,311Total liabilities
  • $154,502Total deposits
  • $174,311Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,175Trading liabilities
  • $0Other borrowed funds
  • $1,456Subordinated debt
  • $11,798All other liabilities
  • $11,798Total equity capital
  • $11,798Total bank equity capital
  • $0Perpetual preferred stock
  • $23Common stock
  • $37,037Surplus
  • $-25,262Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $653Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,676Income earned, not collected on loans
  • $56Earning assets
  • $274Long-term assets (5+ years)
  • $180,109Average Assets, year-to-date
  • $54,167Average Assets, quarterly
  • $236,963Volatile liabilities
  • $215,598Insider loans
  • $139,516FHLB advances
  • $217,998Loans and leases held for sale
  • $3,206Unused loan commitments
  • $3,206Tier 1 (core) risk-based capital
  • $11,479Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,287Restructured Loans and leases
  • $2,675Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,688Total interest income
  • $3,639Total interest expense
  • $7,049Net interest income
  • $733Provision for loan and lease losses
  • $2,654Total noninterest income
  • $0Fiduciary activities
  • $1,168Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,486Additional noninterest income
  • $9,452Total noninterest expense
  • $4,464Salaries and employee benefits
  • $872Premises and equipment expense
  • $4,116Additional noninterest expense
  • -$482Pre-tax net operating income
  • $469Securities gains (losses)
  • $150Applicable income taxes
  • -$163Income before extraordinary items
  • $0Extraordinary gains - net
  • -$163Net income attributable to bank
  • $0Net charge-offs
  • -$163Cash dividends
  • $2,927Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.13%Yield on earning assets
  • 1.75%Cost of funding earning assets
  • 3.38%Net interest margin
  • 1.27%Noninterest income to earning assets
  • 4.54%Noninterest expense to earning assets
  • -0.27%Net operating income to assets
  • -0.07%Return on assets (ROA)
  • -0.01%Pretax return on assets
  • -1.33%Return on equity (ROE)
  • -1.33%Retained earnings to average equity (YTD only)
  • 1.68%Net charge-offs to loans
  • 25.04%Credit loss provision to net charge-offs
  • 0.09%Efficiency ratio
  • 95,929Assets per employee
  • 2.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.99%Loss allowance to noncurrent loans
  • 43.61%Noncurrent assets plus other real estate owned to assets
  • 6.35%Noncurrent loans to loans
  • 6.86%Net loans and leases to deposits
  • 86.66%Net loans and leases to core deposits
  • 90.27%Equity capital to assets
  • 5.68%Core capital (leverage) ratio
  • 5.27%Tier 1 risk-based capital ratio
  • 8.23%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $236,963Average earning assets
  • $12,268Average equity
  • $208,351Average loans

List of branches

  • 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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