Range Bank, National Association in city_name, state_name - Detailed Financial Reports, Location

Range Bank, National Association in Negaunee, Michigan (MI)
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Range Bank, National Association routing number info

Range Bank, National Association - Overview

General
FDIC Certificate #: 5072
Status: Active
Federal Reserve ID: 355559
Bank Holding Company (Regulatory Top Holder): Range Financial Corporation (RSSDID: 1139868, Location: Negaunee, MI)
Date Established: June 04, 1887
WWW: http://www.rangebank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 14 (Domestic: 14, Interstate: No)
OTS Docket #: 14270
FDIC's unique #: 3387
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 15, 2006
Last Structure Change Process Date: January 23, 2007
Last Data Update: January 23, 2007
Data Source Date: April 05, 2012
Location
Address: 350 Iron Street, Negaunee, MI 49866
County: Marquette
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
Core Based Statistical Area (CBSA): Marquette, MI (#32100)
CBSA Micro Statistical Area: Yes
History of Changes
Participated in Absorption/Consolidation/Merger
Financial Summary
Total assets: $266.3 mil
Equity capital: $27.5 mil
Deposits held in domestic offices: $228.1 mil
Return on assets (ROA): 0.81% ($2.2 mil)
Quarterly return on assets: 0.95% ($2.5 mil)
Return on Equity (ROE): 8.21% ($2.2 mil)
Quarterly return on equity: 9.58% ($2.6 mil)
Net income: $2.2 mil
Quarterly Net income: $0.7 mil
Pretax return on assets: 1.04% ($2,769.2 mil)
Quarterly Pretax return on assets: 1.26% ($3,355.1 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
88Total employees (full-time equivalent)
$266,274Total assets
$39,333Cash and due from depository institutions
$21,029Interest-bearing balances
$58,900Securities
$0Federal funds sold & reverse repurchase agreements
$155,136Net loans & leases
$1,976Loan loss allowance
$0Trading account assets
$6,206Bank premises and fixed assets
$507Other real estate owned
$3,349Goodwill and other intangibles
$266,274Life insurance assets
$2,843All other assets
$238,776Total liabilities and capital
$228,137Total liabilities
$187,259Total deposits
$228,137Interest-bearing deposits
$87Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$8,792Trading liabilities
$0Other borrowed funds
$1,847Subordinated debt
$27,498All other liabilities
$27,498Total equity capital
$27,498Total bank equity capital
$0Perpetual preferred stock
$900Common stock
$6,075Surplus
$20,523Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,054Income earned, not collected on loans
$0Earning assets
$877Long-term assets (5+ years)
$235,065Average Assets, year-to-date
$38,753Average Assets, quarterly
$265,783Volatile liabilities
$274,502Insider loans
$187,398FHLB advances
$270,156Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$24,421Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$29,644Restructured Loans and leases
$574Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$11,243Total interest income
$2,306Total interest expense
$8,937Net interest income
$405Provision for loan and lease losses
$1,774Total noninterest income
$0Fiduciary activities
$400Service charges on deposit accounts
$0Trading account gains & fees
$1,374Additional noninterest income
$7,659Total noninterest expense
$4,608Salaries and employee benefits
$1,165Premises and equipment expense
$1,886Additional noninterest expense
$2,647Pre-tax net operating income
$117Securities gains (losses)
$599Applicable income taxes
$2,165Income before extraordinary items
$0Extraordinary gains - net
$2,165Net income attributable to bank
$0Net charge-offs
$2,165Cash dividends
$236Sale, conversion, retirement of capital stock, net
$771Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.88%Yield on earning assets
1.00%Cost of funding earning assets
3.88%Net interest margin
0.77%Noninterest income to earning assets
3.32%Noninterest expense to earning assets
0.78%Net operating income to assets
0.81%Return on assets (ROA)
1.04%Pretax return on assets
8.21%Return on equity (ROE)
5.29%Retained earnings to average equity (YTD only)
0.15%Net charge-offs to loans
171.61%Credit loss provision to net charge-offs
12.93%Efficiency ratio
71,506Assets per employee
3.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
35.61%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
187.48%Noncurrent assets plus other real estate owned to assets
0.82%Noncurrent loans to loans
0.67%Net loans and leases to deposits
68.00%Net loans and leases to core deposits
72.31%Equity capital to assets
10.33%Core capital (leverage) ratio
9.04%Tier 1 risk-based capital ratio
13.03%Total risk-based capital ratio
Memoranda
$14Average assets
$265,783Average earning assets
$26,374Average equity
$230,376Average loans

List of branches

14 Michigan Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	3387	Range Bank, National Association	350 Iron Street, Negaunee, MI 49866	June 04, 1887	Full Service Brick and Mortar
1	207081	Harvey Branch	U.S. Highway 41, Harvey, MI 49855	January 28, 1965	Full Service Brick and Mortar
2	207082	Pellow Branch	601 Us 41 East, Negaunee, MI 49866	Febuary 19, 1965	Full Service Brick and Mortar
3	207083	Palmer Office	M-35, Palmer, MI 49871	May 23, 1962	Full Service Brick and Mortar
5	207084	Community Branch	Koski Korners M95 And Us 41, Champion, MI 49814	March 08, 1956	Full Service Brick and Mortar
6	207085	Marquette Township Office	U.S. Highway 41, Marquette Township, MI 49855	Febuary 17, 1976	Full Service Brick and Mortar
7	361736	Marquette City Office	250 North Mcclellan Avenue, Marquette, MI 49855	May 30, 2001	Full Service Brick and Mortar
8	430296	Kingsford Office	345 South Carpenter, Kingsford, MI 49802	September 22, 2003	Full Service Brick and Mortar
9	453055	Quinnesec Office	W 7253 Us Highway 2, Quinnesec, MI 49876	August 29, 2005	Full Service Brick and Mortar
10	3382	Calumet Downtown Office	219 Sixth Street, Calumet, MI 49913	January 01, 1888	Full Service Brick and Mortar
11	207061	Lake Linden Office	346 Third Street, Lake Linden, MI 49945	January 03, 1967	Full Service Brick and Mortar
12	419553	Houghton Office	48345 Highway M-26, Houghton, MI 49931	July 24, 2002	Full Service Brick and Mortar
13	430216	Calumet Avenue Office	56730 Calumet Avenue, Calumet, MI 49913	May 10, 2004	Full Service Brick and Mortar
14	521811	Marquette 3rd Street Office Branch	827 N 3rd Street, Marquette, MI 49855	September 01, 2010	Full Service Brick and Mortar

Range Bank, National Association in Negaunee, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Range Bank, National Association - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Range Bank, National Association in Negaunee, Michigan (MI)Overview, Financial Summary, Detailed Financial Reports, Branches

Range Bank, National Association - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Range Bank, National Association in Negaunee, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches