New Buffalo Savings Bank, A FSB in New Buffalo, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • New Buffalo Savings Bank, A FSB in New Buffalo, Michigan (MI)
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New Buffalo Savings Bank, A FSB - Overview

  • General
  • FDIC Certificate #: 31257
    Status: Active
    Federal Reserve ID: 294676
    Date Established: January 01, 1921
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 6624
    FDIC's unique #: 44091
    Numeric code: 34
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 14, 1961
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 45 North Whittaker St, New Buffalo, MI 49117
    County: Berrien
    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
    Metropolitan Statistical Area (MSA): Benton Harbor, MI (#870)
    Core Based Statistical Area (CBSA): Niles-Benton Harbor, MI (#35660)
    CBSA Metro Statistical Area: Niles-Benton Harbor, MI (#35660)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $90.3 mil
    Equity capital: $13.2 mil
    Deposits held in domestic offices: $69.4 mil
    Return on assets (ROA): -0.07% (-$0.1 mil)
    Quarterly return on assets: -0.43% (-$0.4 mil)
    Return on Equity (ROE): -0.48% (-$0.1 mil)
    Quarterly return on equity: -2.98% (-$0.4 mil)
    Net income: -$0.1 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.02% (-$18.1 mil)
    Quarterly Pretax return on assets: -0.38% (-$343.3 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
  • 29Total employees (full-time equivalent)
  • $90,345Total assets
  • $5,450Cash and due from depository institutions
  • $3,098Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $74,171Net loans & leases
  • $2,578Loan loss allowance
  • $0Trading account assets
  • $2,239Bank premises and fixed assets
  • $1,889Other real estate owned
  • $318Goodwill and other intangibles
  • $90,345Life insurance assets
  • $6,278All other assets
  • $77,126Total liabilities and capital
  • $69,395Total liabilities
  • $69,077Total deposits
  • $69,395Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $5,731Subordinated debt
  • $13,219All other liabilities
  • $13,219Total equity capital
  • $13,219Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $13,219Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,502Income earned, not collected on loans
  • $0Earning assets
  • $284Long-term assets (5+ years)
  • $77,269Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $93,017Volatile liabilities
  • $92,223Insider loans
  • $70,826FHLB advances
  • $90,336Loans and leases held for sale
  • $4,600Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,210Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,897Restructured Loans and leases
  • $1,813Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,440Total interest income
  • $1,125Total interest expense
  • $3,315Net interest income
  • $135Provision for loan and lease losses
  • $806Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $806Additional noninterest income
  • $4,006Total noninterest expense
  • $2,520Salaries and employee benefits
  • $714Premises and equipment expense
  • $772Additional noninterest expense
  • -$20Pre-tax net operating income
  • $0Securities gains (losses)
  • $44Applicable income taxes
  • -$64Income before extraordinary items
  • $0Extraordinary gains - net
  • -$64Net income attributable to bank
  • $0Net charge-offs
  • -$64Cash dividends
  • $292Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.53%Yield on earning assets
  • 1.40%Cost of funding earning assets
  • 4.13%Net interest margin
  • 1.00%Noninterest income to earning assets
  • 4.99%Noninterest expense to earning assets
  • -0.07%Net operating income to assets
  • -0.07%Return on assets (ROA)
  • -0.02%Pretax return on assets
  • -0.48%Return on equity (ROE)
  • -0.48%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 46.23%Credit loss provision to net charge-offs
  • 0.39%Efficiency ratio
  • 97,209Assets per employee
  • 3.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.36%Loss allowance to noncurrent loans
  • 39.65%Noncurrent assets plus other real estate owned to assets
  • 9.29%Noncurrent loans to loans
  • 8.47%Net loans and leases to deposits
  • 106.88%Net loans and leases to core deposits
  • 116.45%Equity capital to assets
  • 14.63%Core capital (leverage) ratio
  • 14.62%Tier 1 risk-based capital ratio
  • 18.65%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $93,017Average earning assets
  • $13,334Average equity
  • $80,241Average loans

List of branches

  • 3 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    044091New Buffalo Savings Bank, A Fsb45 North Whittaker St, New Buffalo, MI 49117January 01, 1921Full Service Brick and Mortar
    100283978Three Oaks Branch6701 West U.S. 12, Three Oaks, MI 49128January 01, 1921Full Service Brick and Mortar
    101495404Sawyer Branch6485 Sawyer Rd, Sawyer, MI 49125October 01, 2006Full Service Brick and Mortar

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