OSB Community Bank in Brooklyn, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • OSB Community Bank in Brooklyn, Michigan (MI)
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OSB Community Bank - Overview

  • General
  • FDIC Certificate #: 1008
    Status: Active
    Federal Reserve ID: 382742
    Date Established: October 01, 1907
    WWW: http://www.osbcb.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 667
    Numeric code: 13
    Regulator: FED
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    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: 417 South Main Street, Brooklyn, MI 49230
    County: Jackson
    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
    Metropolitan Statistical Area (MSA): Jackson, MI (#3520)
    Core Based Statistical Area (CBSA): Jackson, MI (#27100)
    CBSA Metro Statistical Area: Jackson, MI (#27100)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $71.6 mil
    Equity capital: $6.2 mil
    Deposits held in domestic offices: $63.0 mil
    Return on assets (ROA): 0.41% ($0.3 mil)
    Quarterly return on assets: 0.33% ($0.2 mil)
    Return on Equity (ROE): 4.96% ($0.3 mil)
    Quarterly return on equity: 3.82% ($0.2 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.41% ($293.6 mil)
    Quarterly Pretax return on assets: 0.33% ($236.3 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
  • 30Total employees (full-time equivalent)
  • $71,607Total assets
  • $8,540Cash and due from depository institutions
  • $6,035Interest-bearing balances
  • $2,086Securities
  • $2,603Federal funds sold & reverse repurchase agreements
  • $52,526Net loans & leases
  • $608Loan loss allowance
  • $0Trading account assets
  • $3,236Bank premises and fixed assets
  • $1,285Other real estate owned
  • $108Goodwill and other intangibles
  • $71,607Life insurance assets
  • $1,223All other assets
  • $65,403Total liabilities and capital
  • $63,043Total liabilities
  • $51,937Total deposits
  • $63,043Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,100Trading liabilities
  • $0Other borrowed funds
  • $260Subordinated debt
  • $6,204All other liabilities
  • $6,204Total equity capital
  • $6,204Total bank equity capital
  • $0Perpetual preferred stock
  • $1,733Common stock
  • $4,945Surplus
  • $-474Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $646Income earned, not collected on loans
  • $0Earning assets
  • $247Long-term assets (5+ years)
  • $63,250Average Assets, year-to-date
  • $11,797Average Assets, quarterly
  • $72,814Volatile liabilities
  • $72,464Insider loans
  • $54,300FHLB advances
  • $72,207Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,188Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,066Restructured Loans and leases
  • $616Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,727Total interest income
  • $611Total interest expense
  • $3,116Net interest income
  • $240Provision for loan and lease losses
  • $619Total noninterest income
  • $0Fiduciary activities
  • $417Service charges on deposit accounts
  • $0Trading account gains & fees
  • $202Additional noninterest income
  • $3,195Total noninterest expense
  • $1,310Salaries and employee benefits
  • $528Premises and equipment expense
  • $1,357Additional noninterest expense
  • $300Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $300Income before extraordinary items
  • $0Extraordinary gains - net
  • $300Net income attributable to bank
  • $0Net charge-offs
  • $300Cash dividends
  • $340Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.74%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 4.80%Net interest margin
  • 0.95%Noninterest income to earning assets
  • 4.92%Noninterest expense to earning assets
  • 0.41%Net operating income to assets
  • 0.41%Return on assets (ROA)
  • 0.41%Pretax return on assets
  • 4.96%Return on equity (ROE)
  • 4.96%Retained earnings to average equity (YTD only)
  • 0.63%Net charge-offs to loans
  • 70.59%Credit loss provision to net charge-offs
  • 1.59%Efficiency ratio
  • 85,542Assets per employee
  • 2.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 94.12%Noncurrent assets plus other real estate owned to assets
  • 2.70%Noncurrent loans to loans
  • 1.22%Net loans and leases to deposits
  • 83.32%Net loans and leases to core deposits
  • 85.89%Equity capital to assets
  • 8.66%Core capital (leverage) ratio
  • 8.57%Tier 1 risk-based capital ratio
  • 11.40%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $72,814Average earning assets
  • $6,051Average equity
  • $64,881Average loans

List of branches

  • 3 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0667Osb Community Bank417 South Main Street, Brooklyn, MI 49230October 01, 1907Full Service Brick and Mortar
    1187435Clarklake Branch3101 Jefferson Rd Suite A3, Clarklake, MI 49234July 26, 1976Full Service Brick and Mortar
    2187436Founding Office112 South Main Street, Onsted, MI 49265December 20, 1979Full Service Brick and Mortar

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