Northstar Bank in Bad Axe, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


Northstar Bank - Overview

  • General
  • FDIC Certificate #: 57097
    Status: Active
    Federal Reserve ID: 2958972
    Bank Holding Company (Regulatory Top Holder): Northstar Financial Group, Inc. (RSSDID: 2958990, Location: Bad Axe, MI)
    Date Established: Febuary 01, 2001
    WWW: http://www.northstarathome.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 357498
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: Febuary 01, 2001
    Last Structure Change Effective Date: Febuary 25, 2010
    Last Structure Change Process Date: Febuary 26, 2010
    Last Data Update: Febuary 26, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 833 South Van Dyke, Bad Axe, MI 48413
    County: Huron
    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: $238.3 mil
    Equity capital: $25.2 mil
    Deposits held in domestic offices: $205.7 mil
    Return on assets (ROA): 1.30% ($3.1 mil)
    Quarterly return on assets: 0.25% ($0.6 mil)
    Return on Equity (ROE): 12.09% ($3.0 mil)
    Quarterly return on equity: 2.31% ($0.6 mil)
    Net income: $3.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.30% ($3,098.2 mil)
    Quarterly Pretax return on assets: 0.25% ($595.8 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
  • 53Total employees (full-time equivalent)
  • $238,325Total assets
  • $14,691Cash and due from depository institutions
  • $6,991Interest-bearing balances
  • $14,863Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $195,622Net loans & leases
  • $5,626Loan loss allowance
  • $214Trading account assets
  • $3,889Bank premises and fixed assets
  • $471Other real estate owned
  • $3,668Goodwill and other intangibles
  • $238,325Life insurance assets
  • $4,907All other assets
  • $213,091Total liabilities and capital
  • $205,690Total liabilities
  • $169,700Total deposits
  • $205,690Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $214Federal funds purchased & repurchase agreements
  • $6,202Trading liabilities
  • $0Other borrowed funds
  • $985Subordinated debt
  • $25,234All other liabilities
  • $25,234Total equity capital
  • $25,234Total bank equity capital
  • $0Perpetual preferred stock
  • $2,500Common stock
  • $16,893Surplus
  • $5,841Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $115Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,584Income earned, not collected on loans
  • $3,959Earning assets
  • $1,440Long-term assets (5+ years)
  • $217,690Average Assets, year-to-date
  • $9,724Average Assets, quarterly
  • $236,323Volatile liabilities
  • $238,110Insider loans
  • $181,480FHLB advances
  • $232,059Loans and leases held for sale
  • $1,836Unused loan commitments
  • $1,836Tier 1 (core) risk-based capital
  • $21,191Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $29,898Restructured Loans and leases
  • $775Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,979Total interest income
  • $2,655Total interest expense
  • $10,324Net interest income
  • $981Provision for loan and lease losses
  • $956Total noninterest income
  • $0Fiduciary activities
  • $787Service charges on deposit accounts
  • $0Trading account gains & fees
  • $169Additional noninterest income
  • $7,247Total noninterest expense
  • $2,581Salaries and employee benefits
  • $510Premises and equipment expense
  • $4,156Additional noninterest expense
  • $3,052Pre-tax net operating income
  • $29Securities gains (losses)
  • $0Applicable income taxes
  • $3,081Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,081Net income attributable to bank
  • $0Net charge-offs
  • $3,081Cash dividends
  • $1,640Sale, conversion, retirement of capital stock, net
  • $3,826Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.99%Yield on earning assets
  • 1.23%Cost of funding earning assets
  • 4.76%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 3.34%Noninterest expense to earning assets
  • 1.29%Net operating income to assets
  • 1.30%Return on assets (ROA)
  • 1.30%Pretax return on assets
  • 12.09%Return on equity (ROE)
  • -2.92%Retained earnings to average equity (YTD only)
  • 0.83%Net charge-offs to loans
  • 59.82%Credit loss provision to net charge-offs
  • 2.46%Efficiency ratio
  • 61,746Assets per employee
  • 4.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 124.18%Loss allowance to loans
  • 2.80%Loss allowance to noncurrent loans
  • 65.54%Noncurrent assets plus other real estate owned to assets
  • 3.80%Noncurrent loans to loans
  • 4.27%Net loans and leases to deposits
  • 95.11%Net loans and leases to core deposits
  • 111.82%Equity capital to assets
  • 10.59%Core capital (leverage) ratio
  • 9.13%Tier 1 risk-based capital ratio
  • 11.68%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $236,323Average earning assets
  • $25,481Average equity
  • $216,679Average loans

List of branches

  • 4 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0357498Northstar Bank833 South Van Dyke, Bad Axe, MI 48413Febuary 01, 2001Full Service Brick and Mortar
    21038Community Bank, Caro - Branch1100 East Caro Road, Caro, MI 48723January 01, 1926Full Service Brick and Mortar
    3189867Akron Branch3559 Main Street, Akron, MI 48701May 01, 1992Full Service Brick and Mortar
    4189868Pigeon Branch7611 West Pigeon Road, Pigeon, MI 48755September 11, 1995Full Service Brick and Mortar

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