Republic Bank-North in Bellaire, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 1993

Republic Bank-North in Bellaire, Michigan (MI)
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Republic Bank-North - Overview

General
FDIC Certificate #: 14375
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Republic Bank (#20001)
Federal Reserve ID: 716646
Date Established: August 16, 1906
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 8983
Numeric code: 21
Regulator: FDIC
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: October 01, 1993
Last Structure Change Process Date: October 26, 1993
Last Data Update: October 26, 1993
Data Source Date: April 05, 2012
Location
Address: 305 Cayuga Street, Bellaire, MI 49615
County: Antrim
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Grand Rapids
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Financial Summary
Total assets: $67.2 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$30Total assets
$68,907Cash and due from depository institutions
$2,496Interest-bearing balances
$0Securities
$11,063Federal funds sold & reverse repurchase agreements
$2,650Net loans & leases
$51,444Loan loss allowance
$346Trading account assets
$0Bank premises and fixed assets
$768Other real estate owned
$116Goodwill and other intangibles
$370Life insurance assets
$0All other assets
$0Total liabilities and capital
$68,907Total liabilities
$63,744Total deposits
$63,275Interest-bearing deposits
$58,801Deposits held in domestic offices
63275.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$469Total equity capital
$469Total bank equity capital
$5,163Perpetual preferred stock
$1,000Common stock
$802Surplus
$1,247Undivided profits
Memoranda
$2,114Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$39Income earned, not collected on loans
$216Earning assets
$65,157Long-term assets (5+ years)
$7,776Average Assets, year-to-date
$59,613Average Assets, quarterly
$66,012Volatile liabilities
$7,367Insider loans
$4FHLB advances
$0Loans and leases held for sale
$19,293Unused loan commitments
$7,370Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,163Total risk weighted assets
$34,753Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$4,373Total interest expense
$2,312Net interest income
$2,061Provision for loan and lease losses
$116Total noninterest income
$589Fiduciary activities
$0Service charges on deposit accounts
$69Trading account gains & fees
$0Additional noninterest income
$520Total noninterest expense
$1,889Salaries and employee benefits
$937Premises and equipment expense
$291Additional noninterest expense
$661Pre-tax net operating income
$645Securities gains (losses)
$226Applicable income taxes
$283Income before extraordinary items
$588Extraordinary gains - net
$0Net income attributable to bank
$588Net charge-offs
$21Cash dividends
$96Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.71%Cost of funding earning assets
4.08%Net interest margin
3.63%Noninterest income to earning assets
1.04%Noninterest expense to earning assets
3.33%Net operating income to assets
0.73%Return on assets (ROA)
0.99%Pretax return on assets
1.46%Return on equity (ROE)
11.93%Retained earnings to average equity (YTD only)
9.98%Net charge-offs to loans
0.05%Credit loss provision to net charge-offs
552.38%Efficiency ratio
71,283Assets per employee
2.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
16.33%Loss allowance to loans
0.67%Loss allowance to noncurrent loans
887.18%Noncurrent assets plus other real estate owned to assets
0.22%Noncurrent loans to loans
0.08%Net loans and leases to deposits
81.30%Net loans and leases to core deposits
92.02%Equity capital to assets
7.49%Core capital (leverage) ratio
7.67%Tier 1 risk-based capital ratio
14.86%Total risk-based capital ratio
Memoranda
$16Average assets
$59,613Average earning assets
$4,931Average equity
$56,717Average loans

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