Peoples State Bank of Munising in Munising, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Peoples State Bank of Munising - Overview

  • General
  • FDIC Certificate #: 15165
    Status: Active
    Federal Reserve ID: 262956
    Bank Holding Company (Regulatory Top Holder): Peoples State Bancorp, Inc. (RSSDID: 3072017, Location: Munising, MI)
    Date Established: June 07, 1910
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 14659
    FDIC's unique #: 9532
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 29, 1935
    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: 100 East Superior Street, Munising, MI 49862
    County: Alger
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $119.8 mil
    Equity capital: $15.4 mil
    Deposits held in domestic offices: $90.5 mil
    Return on assets (ROA): 0.94% ($1.1 mil)
    Quarterly return on assets: 1.04% ($1.2 mil)
    Return on Equity (ROE): 7.35% ($1.1 mil)
    Quarterly return on equity: 8.09% ($1.2 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.03% ($1,233.9 mil)
    Quarterly Pretax return on assets: 1.14% ($1,365.7 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)
  • $119,796Total assets
  • $5,918Cash and due from depository institutions
  • $158Interest-bearing balances
  • $31,741Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $72,653Net loans & leases
  • $1,178Loan loss allowance
  • $0Trading account assets
  • $1,230Bank premises and fixed assets
  • $1,229Other real estate owned
  • $425Goodwill and other intangibles
  • $119,796Life insurance assets
  • $6,600All other assets
  • $104,435Total liabilities and capital
  • $90,511Total liabilities
  • $77,192Total deposits
  • $90,511Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,500Trading liabilities
  • $0Other borrowed funds
  • $1,424Subordinated debt
  • $15,361All other liabilities
  • $15,361Total equity capital
  • $15,361Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $4,500Surplus
  • $10,561Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,630Income earned, not collected on loans
  • $0Earning assets
  • $739Long-term assets (5+ years)
  • $104,552Average Assets, year-to-date
  • $20,103Average Assets, quarterly
  • $117,373Volatile liabilities
  • $120,374Insider loans
  • $79,016FHLB advances
  • $118,973Loans and leases held for sale
  • $4,376Unused loan commitments
  • $4,054Tier 1 (core) risk-based capital
  • $14,215Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $322Total unused commitments
  • $1,985Restructured Loans and leases
  • $254Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,034Total interest income
  • $1,415Total interest expense
  • $4,619Net interest income
  • $530Provision for loan and lease losses
  • $432Total noninterest income
  • $0Fiduciary activities
  • $155Service charges on deposit accounts
  • $0Trading account gains & fees
  • $277Additional noninterest income
  • $3,322Total noninterest expense
  • $1,745Salaries and employee benefits
  • $376Premises and equipment expense
  • $1,201Additional noninterest expense
  • $1,199Pre-tax net operating income
  • $12Securities gains (losses)
  • $110Applicable income taxes
  • $1,101Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,101Net income attributable to bank
  • $0Net charge-offs
  • $1,101Cash dividends
  • $437Sale, conversion, retirement of capital stock, net
  • $418Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.83%Yield on earning assets
  • 1.37%Cost of funding earning assets
  • 4.46%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 3.21%Noninterest expense to earning assets
  • 0.93%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 1.03%Pretax return on assets
  • 7.35%Return on equity (ROE)
  • 4.56%Retained earnings to average equity (YTD only)
  • 0.60%Net charge-offs to loans
  • 121.28%Credit loss provision to net charge-offs
  • 3.96%Efficiency ratio
  • 65,769Assets per employee
  • 3.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 37.97%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 44.79%Noncurrent assets plus other real estate owned to assets
  • 3.22%Noncurrent loans to loans
  • 3.56%Net loans and leases to deposits
  • 80.27%Net loans and leases to core deposits
  • 88.57%Equity capital to assets
  • 12.82%Core capital (leverage) ratio
  • 11.95%Tier 1 risk-based capital ratio
  • 17.99%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $117,373Average earning assets
  • $14,975Average equity
  • $103,488Average loans

List of branches

  • 6 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09532Peoples State Bank Of Munising100 East Superior Street, Munising, MI 49862June 07, 1910Full Service Brick and Mortar
    2233318Au Train BranchArbutus And Woodland, Au Train Township, MI 49806July 24, 1978Full Service Brick and Mortar
    3233319Wetmore BranchM-28 And Connors Road, Village Of Wetmore, MI 49895March 23, 1992Full Service Brick and Mortar
    4233320Seney BranchM-28 And Grand Street, Seney, MI 49854August 17, 1998Full Service Brick and Mortar
    5207080Grand Marais Branch412 Lake Street, Grand Marais, MI 49839January 31, 1972Full Service Brick and Mortar
    6362276Chatham Branch206 Rock River Street, Chatham, MI 49816November 05, 2001Full Service Brick and Mortar

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