Ruth State Bank in Ruth, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


Ruth State Bank - Overview

  • General
  • FDIC Certificate #: 17210
    Status: Active
    Federal Reserve ID: 695648
    Bank Holding Company (Regulatory Top Holder): Ruth Bank Corporation (RSSDID: 1210600, Location: Ruth, MI)
    Date Established: March 30, 1953
    WWW: http://www.ruthbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 11239
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: March 30, 1953
    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: 7004 East Atwater Road, Ruth, MI 48470
    County: Huron
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $32.1 mil
    Equity capital: $3.0 mil
    Deposits held in domestic offices: $28.2 mil
    Return on assets (ROA): -0.02% (-$0.0 mil)
    Quarterly return on assets: -0.01% (-$0.0 mil)
    Return on Equity (ROE): -0.24% (-$0.0 mil)
    Quarterly return on equity: -0.13% (-$0.0 mil)
    Net income: -$0.0 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: -0.02% (-$6.4 mil)
    Quarterly Pretax return on assets: -0.01% (-$3.2 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
  • 5Total employees (full-time equivalent)
  • $32,088Total assets
  • $6,788Cash and due from depository institutions
  • $5,484Interest-bearing balances
  • $14,945Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $8,976Net loans & leases
  • $125Loan loss allowance
  • $0Trading account assets
  • $276Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $32,088Life insurance assets
  • $1,103All other assets
  • $29,081Total liabilities and capital
  • $28,248Total liabilities
  • $22,976Total deposits
  • $28,248Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 614.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $219Subordinated debt
  • $3,007All other liabilities
  • $3,007Total equity capital
  • $3,007Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $1,600Surplus
  • $1,007Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $194Income earned, not collected on loans
  • $0Earning assets
  • $143Long-term assets (5+ years)
  • $29,405Average Assets, year-to-date
  • $5,225Average Assets, quarterly
  • $30,807Volatile liabilities
  • $30,768Insider loans
  • $14,278FHLB advances
  • $30,374Loans and leases held for sale
  • $861Unused loan commitments
  • $861Tier 1 (core) risk-based capital
  • $2,889Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $928Restructured Loans and leases
  • $4Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $835Total interest income
  • $235Total interest expense
  • $600Net interest income
  • -$1Provision for loan and lease losses
  • $77Total noninterest income
  • $0Fiduciary activities
  • $26Service charges on deposit accounts
  • $0Trading account gains & fees
  • $51Additional noninterest income
  • $686Total noninterest expense
  • $387Salaries and employee benefits
  • $73Premises and equipment expense
  • $226Additional noninterest expense
  • -$8Pre-tax net operating income
  • $1Securities gains (losses)
  • $0Applicable income taxes
  • -$7Income before extraordinary items
  • $0Extraordinary gains - net
  • -$7Net income attributable to bank
  • $0Net charge-offs
  • -$7Cash dividends
  • -$1Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.97%Yield on earning assets
  • 0.84%Cost of funding earning assets
  • 2.13%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 2.44%Noninterest expense to earning assets
  • -0.03%Net operating income to assets
  • -0.02%Return on assets (ROA)
  • -0.02%Pretax return on assets
  • -0.24%Return on equity (ROE)
  • -0.24%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 101,329Assets per employee
  • 6.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 64.43%Noncurrent assets plus other real estate owned to assets
  • 0.60%Noncurrent loans to loans
  • 2.13%Net loans and leases to deposits
  • 31.78%Net loans and leases to core deposits
  • 33.32%Equity capital to assets
  • 9.37%Core capital (leverage) ratio
  • 9.51%Tier 1 risk-based capital ratio
  • 20.23%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $30,807Average earning assets
  • $2,955Average equity
  • $28,144Average loans

List of branches

  • 1 Michigan Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011239Ruth State Bank7004 East Atwater Road, Ruth, MI 48470March 30, 1953Full Service Brick and Mortar

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