North Bank in Hale, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 12, 1996

  • North Bank in Hale, Michigan (MI)
  • Show street view No street view available for this location

North Bank - Overview

  • General
  • FDIC Certificate #: 17080
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Independent Bank (#8180)
    Federal Reserve ID: 856449
    Date Established: Febuary 14, 1952
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Interstate: No)
    OTS Docket #: 10732
    FDIC's unique #: 11135
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 14, 1952
    Last Structure Change Effective Date: August 12, 1996
    Last Structure Change Process Date: September 16, 1996
    Last Data Update: September 16, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 114 North Washington Street, Hale, MI 48739
    County: Iosco
    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
  • Financial Summary
  • Total assets: $156.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $112Total assets
  • $152,773Cash and due from depository institutions
  • $5,461Interest-bearing balances
  • $20Securities
  • $48,806Federal funds sold & reverse repurchase agreements
  • $200Net loans & leases
  • $90,174Loan loss allowance
  • $988Trading account assets
  • $0Bank premises and fixed assets
  • $5,656Other real estate owned
  • $162Goodwill and other intangibles
  • $1,866Life insurance assets
  • $448All other assets
  • $0Total liabilities and capital
  • $152,773Total liabilities
  • $142,228Total deposits
  • $132,014Interest-bearing deposits
  • $113,954Deposits held in domestic offices
  • 132014.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $9,000Subordinated debt
  • $0All other liabilities
  • $1,214Total equity capital
  • $1,214Total bank equity capital
  • $10,545Perpetual preferred stock
  • $0Common stock
  • $1,224Surplus
  • $5,757Undivided profits
  • Memoranda
  • $3,564Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $772Income earned, not collected on loans
  • $613Earning assets
  • $139,200Long-term assets (5+ years)
  • $50,918Average Assets, year-to-date
  • $156,217Average Assets, quarterly
  • $152,476Volatile liabilities
  • $3,757Insider loans
  • $224FHLB advances
  • $0Loans and leases held for sale
  • $2,186Unused loan commitments
  • $7,493Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $10,134Total risk weighted assets
  • $91,420Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $11,233Total interest expense
  • $5,384Net interest income
  • $5,849Provision for loan and lease losses
  • $307Total noninterest income
  • $1,647Fiduciary activities
  • $0Service charges on deposit accounts
  • $404Trading account gains & fees
  • $0Additional noninterest income
  • $1,243Total noninterest expense
  • $6,871Salaries and employee benefits
  • $3,512Premises and equipment expense
  • $1,205Additional noninterest expense
  • $2,154Pre-tax net operating income
  • $318Securities gains (losses)
  • -$111Applicable income taxes
  • -$114Income before extraordinary items
  • $321Extraordinary gains - net
  • $0Net income attributable to bank
  • $321Net charge-offs
  • $268Cash dividends
  • $294Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.04%Cost of funding earning assets
  • 3.85%Net interest margin
  • 4.19%Noninterest income to earning assets
  • 1.18%Noninterest expense to earning assets
  • 4.92%Net operating income to assets
  • 0.28%Return on assets (ROA)
  • 0.21%Pretax return on assets
  • 0.13%Return on equity (ROE)
  • 3.22%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 0.31%Credit loss provision to net charge-offs
  • 114.55%Efficiency ratio
  • 91,289Assets per employee
  • 1.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 91.59%Loss allowance to loans
  • 1.08%Loss allowance to noncurrent loans
  • 127.98%Noncurrent assets plus other real estate owned to assets
  • 0.61%Noncurrent loans to loans
  • 0.85%Net loans and leases to deposits
  • 68.31%Net loans and leases to core deposits
  • 70.31%Equity capital to assets
  • 6.90%Core capital (leverage) ratio
  • 6.57%Tier 1 risk-based capital ratio
  • 11.09%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $156,217Average earning assets
  • $9,980Average equity
  • $139,699Average loans

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