Northern Michigan Bank & Trust in Escanaba, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Northern Michigan Bank & Trust - Overview

  • General
  • FDIC Certificate #: 32436
    Status: Active
    Federal Reserve ID: 533759
    Bank Holding Company (Regulatory Top Holder): Northern Michigan Corporation (RSSDID: 1123652, Location: Escanaba, MI)
    Date Established: January 08, 1986
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 8, Interstate: No)
    OTS Docket #: 8261
    FDIC's unique #: 45270
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 08, 1986
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 723 Ludington Street, Escanaba, MI 49829
    County: Delta
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Appleton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Escanaba, MI (#21540)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $224.5 mil
    Equity capital: $18.5 mil
    Deposits held in domestic offices: $203.7 mil
    Return on assets (ROA): 0.94% ($2.1 mil)
    Quarterly return on assets: 0.14% ($0.3 mil)
    Return on Equity (ROE): 10.80% ($1.9 mil)
    Quarterly return on equity: 1.69% ($0.3 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.94% ($2,110.5 mil)
    Quarterly Pretax return on assets: 0.14% ($314.3 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
  • 83Total employees (full-time equivalent)
  • $224,526Total assets
  • $15,413Cash and due from depository institutions
  • $2,547Interest-bearing balances
  • $44,184Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $150,486Net loans & leases
  • $2,628Loan loss allowance
  • $0Trading account assets
  • $3,881Bank premises and fixed assets
  • $2,002Other real estate owned
  • $1,059Goodwill and other intangibles
  • $224,526Life insurance assets
  • $7,501All other assets
  • $206,067Total liabilities and capital
  • $203,679Total liabilities
  • $180,295Total deposits
  • $203,679Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $731Trading liabilities
  • $0Other borrowed funds
  • $1,657Subordinated debt
  • $18,459All other liabilities
  • $18,459Total equity capital
  • $18,459Total bank equity capital
  • $0Perpetual preferred stock
  • $1,350Common stock
  • $8,650Surplus
  • $8,459Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,802Income earned, not collected on loans
  • $0Earning assets
  • $792Long-term assets (5+ years)
  • $197,217Average Assets, year-to-date
  • $34,785Average Assets, quarterly
  • $219,695Volatile liabilities
  • $224,261Insider loans
  • $175,831FHLB advances
  • $222,363Loans and leases held for sale
  • $4,676Unused loan commitments
  • $4,343Tier 1 (core) risk-based capital
  • $16,630Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $333Total unused commitments
  • $42,679Restructured Loans and leases
  • $4,306Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,269Total interest income
  • $2,208Total interest expense
  • $8,061Net interest income
  • $600Provision for loan and lease losses
  • $2,559Total noninterest income
  • $1,160Fiduciary activities
  • $244Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,155Additional noninterest income
  • $7,965Total noninterest expense
  • $4,887Salaries and employee benefits
  • $861Premises and equipment expense
  • $2,217Additional noninterest expense
  • $2,055Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $2,055Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,055Net income attributable to bank
  • $0Net charge-offs
  • $2,055Cash dividends
  • $346Sale, conversion, retirement of capital stock, net
  • $3,921Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.24%Yield on earning assets
  • 1.13%Cost of funding earning assets
  • 4.11%Net interest margin
  • 1.30%Noninterest income to earning assets
  • 4.06%Noninterest expense to earning assets
  • 0.94%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 10.80%Return on equity (ROE)
  • -9.80%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 173.41%Credit loss provision to net charge-offs
  • 7.67%Efficiency ratio
  • 75,000Assets per employee
  • 2.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 190.80%Loss allowance to loans
  • 1.72%Loss allowance to noncurrent loans
  • 145.84%Noncurrent assets plus other real estate owned to assets
  • 1.69%Noncurrent loans to loans
  • 1.18%Net loans and leases to deposits
  • 73.88%Net loans and leases to core deposits
  • 85.60%Equity capital to assets
  • 8.22%Core capital (leverage) ratio
  • 7.48%Tier 1 risk-based capital ratio
  • 9.46%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $219,695Average earning assets
  • $19,033Average equity
  • $196,135Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $176,456Managed Assets
  • 1Number of Accounts
  • $115,442Personal trust and agency accounts
  • $35,616Employee benefit-defined contribution accounts
  • $4,021Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $15,602Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $46,762Other fiduciary accounts
  • $13,441Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 291Number of Accounts
  • $0Personal trust and agency accounts
  • $15,602Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $61,014Other retirement accounts
  • $15,255Corporate trust and agency accounts
  • $1,962Other fiduciary accounts
  • $6,987Fiduciary accounts held in foreign offices

List of branches

  • 9 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    045270Northern Michigan Bank & Trust723 Ludington Street, Escanaba, MI 49829January 08, 1986Full Service Brick and Mortar
    102207036Bark River Branch1269 Us 2 And 41, Bark River, MI 49807Febuary 14, 1967Full Service Brick and Mortar
    104149081502 W Washington Branch1502 W Washington, Marquette, MI 49855May 01, 1974Full Service Brick and Mortar
    10515586600 S Carpenter Branch600 S Carpenter, Kingsford, MI 49801December 15, 1976Full Service Brick and Mortar
    106287984Chocolay Branch1001 M 28 East, Suite 10, Marquette, MI 49855July 31, 1995Full Service Brick and Mortar
    108357400North Brnch1921 3rd Avenue North, Escanaba, MI 49829July 17, 2000Full Service Brick and Mortar
    110433611Gladstone Branch4 Tipperary Road, Gladstone, MI 49837December 23, 2004Full Service Brick and Mortar
    111433612Iron Mountain Branch500 South Stephenson Avenue, Iron Mountain, MI 49801December 23, 2004Full Service Brick and Mortar
    112528020Palms Avenue Branch743 Palms Avenue, Ishpeming, MI 49849January 24, 2012Full Service Brick and Mortar

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