Pioneer Bank in North Branch, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 28, 1994

  • Pioneer Bank in North Branch, Michigan (MI)
  • Show street view No street view available for this location

Pioneer Bank - Overview

  • General
  • FDIC Certificate #: 14888
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Independent Bank East Michigan (#12732)
    Federal Reserve ID: 623641
    Date Established: October 01, 1889
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 9323
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 28, 1994
    Last Structure Change Process Date: April 11, 1994
    Last Data Update: April 11, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 4046 Huron Street, North Branch, MI 48461
    County: Lapeer
    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): Detroit, MI (#2160)
    Consolidated Metropolitan Statistical Area (CMSA): Detroit-Ann Arbor-Flint, MI (#35)
    Combined Statistical Area (CSA): Detroit-Warren-Flint, MI (#220)
    Core Based Statistical Area (CBSA): Detroit-Warren-Livonia, MI (#19820)
    CBSA Metro Statistical Area: Detroit-Warren-Livonia, MI (#19820)
    Core Based Statistical Division: Warren-Troy-Farmington Hills, MI (#47644)
  • Financial Summary
  • Total assets: $34.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $14Total assets
  • $34,398Cash and due from depository institutions
  • $1,265Interest-bearing balances
  • $0Securities
  • $13,960Federal funds sold & reverse repurchase agreements
  • $4,800Net loans & leases
  • $12,756Loan loss allowance
  • $399Trading account assets
  • $0Bank premises and fixed assets
  • $707Other real estate owned
  • $118Goodwill and other intangibles
  • $359Life insurance assets
  • $433All other assets
  • $0Total liabilities and capital
  • $34,398Total liabilities
  • $29,692Total deposits
  • $29,481Interest-bearing deposits
  • $27,416Deposits held in domestic offices
  • 29481.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $211Total equity capital
  • $211Total bank equity capital
  • $4,706Perpetual preferred stock
  • $0Common stock
  • $132Surplus
  • $2,701Undivided profits
  • Memoranda
  • $1,873Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $46Income earned, not collected on loans
  • $102Earning assets
  • $31,516Long-term assets (5+ years)
  • $4,057Average Assets, year-to-date
  • $37,056Average Assets, quarterly
  • $34,618Volatile liabilities
  • $1,530Insider loans
  • $36FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $6Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,273Total risk weighted assets
  • $13,394Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,231Total interest expense
  • $1,356Net interest income
  • $1,875Provision for loan and lease losses
  • $25Total noninterest income
  • $345Fiduciary activities
  • $0Service charges on deposit accounts
  • $53Trading account gains & fees
  • $0Additional noninterest income
  • $292Total noninterest expense
  • $1,574Salaries and employee benefits
  • $681Premises and equipment expense
  • $187Additional noninterest expense
  • $706Pre-tax net operating income
  • $621Securities gains (losses)
  • $0Applicable income taxes
  • $210Income before extraordinary items
  • $411Extraordinary gains - net
  • -$39Net income attributable to bank
  • $372Net charge-offs
  • $311Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.41%Cost of funding earning assets
  • 3.95%Net interest margin
  • 5.46%Noninterest income to earning assets
  • 1.00%Noninterest expense to earning assets
  • 4.58%Net operating income to assets
  • 1.11%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 1.57%Return on equity (ROE)
  • 9.30%Retained earnings to average equity (YTD only)
  • 9.30%Net charge-offs to loans
  • 1.68%Credit loss provision to net charge-offs
  • 8.04%Efficiency ratio
  • 70,901Assets per employee
  • 2.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.03%Loss allowance to noncurrent loans
  • 867.39%Noncurrent assets plus other real estate owned to assets
  • 0.48%Noncurrent loans to loans
  • 0.35%Net loans and leases to deposits
  • 43.27%Net loans and leases to core deposits
  • 45.64%Equity capital to assets
  • 13.68%Core capital (leverage) ratio
  • 12.88%Tier 1 risk-based capital ratio
  • 31.90%Total risk-based capital ratio
  • Memoranda
  • $33Average assets
  • $37,056Average earning assets
  • $3,998Average equity
  • $34,352Average loans

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