National Bank of Hastings in Hastings, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 15, 2002

  • National Bank of Hastings in Hastings, Michigan (MI)
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National Bank of Hastings - Overview

  • General
  • FDIC Certificate #: 5026
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Sand Ridge Bank (#20086)
    Federal Reserve ID: 934842
    Date Established: December 08, 1933
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    OTS Docket #: 11270
    FDIC's unique #: 3352
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 15, 2002
    Last Structure Change Process Date: December 17, 2002
    Last Data Update: December 17, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 241 West State Street, Hastings, MI 49058
    County: Barry
    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
    Combined Statistical Area (CSA): Grand Rapids-Muskegon-Holland, MI (#266)
    Core Based Statistical Area (CBSA): Grand Rapids-Wyoming, MI (#24340)
    CBSA Metro Statistical Area: Grand Rapids-Wyoming, MI (#24340)
  • Financial Summary
  • Total assets: $65.2 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, 2001)

  • Dollar figures in thousands
  • 34Total employees (full-time equivalent)
  • $61,335Total assets
  • $2,851Cash and due from depository institutions
  • $0Interest-bearing balances
  • $6,055Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $48,526Net loans & leases
  • $705Loan loss allowance
  • $0Trading account assets
  • $1,027Bank premises and fixed assets
  • $0Other real estate owned
  • $38Goodwill and other intangibles
  • $0Life insurance assets
  • $2,838All other assets
  • $61,335Total liabilities and capital
  • $56,419Total liabilities
  • $52,034Total deposits
  • $39,772Interest-bearing deposits
  • $52,034Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,800Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,000Other borrowed funds
  • $0Subordinated debt
  • $585All other liabilities
  • $4,916Total equity capital
  • $4,916Total bank equity capital
  • $4,916Perpetual preferred stock
  • $0Common stock
  • $555Surplus
  • $725Undivided profits
  • Memoranda
  • $3,636Noncurrent loans and leases
  • $2,888Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $107Earning assets
  • $0Long-term assets (5+ years)
  • $433Average Assets, year-to-date
  • $54,581Average Assets, quarterly
  • $26,098Volatile liabilities
  • $61,994Insider loans
  • $61,534FHLB advances
  • $8,209Loans and leases held for sale
  • $34Unused loan commitments
  • $2,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $265Total risk weighted assets
  • $2,888Total unused commitments
  • $0Restructured Loans and leases
  • $585Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $4,864Total interest income
  • $1,596Total interest expense
  • $3,268Net interest income
  • $97Provision for loan and lease losses
  • $557Total noninterest income
  • $0Fiduciary activities
  • $326Service charges on deposit accounts
  • $0Trading account gains & fees
  • $231Additional noninterest income
  • $1,870Total noninterest expense
  • $1,017Salaries and employee benefits
  • $212Premises and equipment expense
  • $641Additional noninterest expense
  • $1,858Pre-tax net operating income
  • -$1Securities gains (losses)
  • $635Applicable income taxes
  • $1,222Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,222Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $56Sale, conversion, retirement of capital stock, net
  • $1,464Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.80%Yield on earning assets
  • 2.89%Cost of funding earning assets
  • 5.91%Net interest margin
  • 1.01%Noninterest income to earning assets
  • 3.38%Noninterest expense to earning assets
  • 1.97%Net operating income to assets
  • 1.97%Return on assets (ROA)
  • 3.00%Pretax return on assets
  • 23.99%Return on equity (ROE)
  • -4.75%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 173.21%Credit loss provision to net charge-offs
  • 34.91%Efficiency ratio
  • 48,889Assets per employee
  • 1.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 119.80%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 658.88%Noncurrent assets plus other real estate owned to assets
  • 0.17%Noncurrent loans to loans
  • 0.22%Net loans and leases to deposits
  • 93.26%Net loans and leases to core deposits
  • 106.36%Equity capital to assets
  • 8.01%Core capital (leverage) ratio
  • 7.89%Tier 1 risk-based capital ratio
  • 10.39%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $61,994Average earning assets
  • $5,095Average equity
  • $55,259Average loans

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