OSB Community Bank in Brooklyn, Michigan (MI)



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OSB Community Bank routing number info

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OSB Community Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)30
Total assets$71,607
Cash and due from depository institutions$8,540
Interest-bearing balances$6,035
Securities$2,086
Federal funds sold & reverse repurchase agreements$2,603
Net loans & leases$52,526
Loan loss allowance $608
Trading account assets$0
Bank premises and fixed assets$3,236
Other real estate owned$1,285
Goodwill and other intangibles$108
All other assets$1,223
Life insurance assets$71,607
Total liabilities and capital$65,403
Total liabilities$63,043
Total deposits$51,937
Interest-bearing deposits$63,043
Deposits held in domestic offices$98
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,100
Other borrowed funds $0
Subordinated debt $260
All other liabilities $6,204
Total equity capital$6,204
Total bank equity capital$6,204
Perpetual preferred stock$0
Common stock$1,733
Surplus$4,945
Undivided profits $-474
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $646
Earning assets $0
Long-term assets (5+ years) $247
Average Assets, year-to-date $63,250
Average Assets, quarterly $11,797
Volatile liabilities $72,814
Insider loans $72,464
FHLB advances $54,300
Loans and leases held for sale $72,207
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $6,188
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $8,066
Derivatives$616
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,727
Total interest expense $611
Net interest income $3,116
Provision for loan and lease losses $240
Total noninterest income $619
Fiduciary activities $0
Service charges on deposit accounts $417
Trading account gains & fees $0
Additional noninterest income $202
Total noninterest expense $3,195
Salaries and employee benefits $1,310
Premises and equipment expense $528
Additional noninterest expense $1,357
Pre-tax net operating income $300
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $300
Extraordinary gains - net $0
Net income attributable to bank $300
Net charge-offs $0
Cash dividends $300
Sale, conversion, retirement of capital stock, net $340
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.74%
Cost of funding earning assets 0.94%
Net interest margin 4.80%
Noninterest income to earning assets 0.95%
Noninterest expense to earning assets 4.92%
Net operating income to assets 0.41%
Return on assets (ROA) 0.41%
Pretax return on assets 0.41%
Return on equity (ROE) 4.96%
Retained earnings to average equity (YTD only) 4.96%
Net charge-offs to loans 0.63%
Credit loss provision to net charge-offs 70.59%
Efficiency ratio1.59%
Assets per employee$85,542
Cash dividends to net income (YTD only)2.39%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.14%
Noncurrent assets plus other real estate owned to assets 94.12%
Noncurrent loans to loans 2.70%
Net loans and leases to deposits1.22%
Net loans and leases to core deposits 83.32%
Equity capital to assets 85.89%
Core capital (leverage) ratio 8.66%
Tier 1 risk-based capital ratio 8.57%
Total risk-based capital ratio 11.40%
Memoranda
Average assets$13
Average earning assets$72,814
Average equity $6,051
Average loans $64,881
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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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