SSBBank in Stockbridge, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

SSBBank - Overview

  • General
  • FDIC Certificate #: 5893
    Status: Active
    Federal Reserve ID: 969741
    Bank Holding Company (Regulatory Top Holder): Stockbridge Bancorporation, Inc. (RSSDID: 1208698, Location: Stockbridge, MI)
    Date Established: April 01, 1908
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 4019
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 07, 2011
    Last Structure Change Process Date: July 19, 2011
    Last Data Update: July 19, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 122 West Main Street, Stockbridge, MI 49285
    County: Ingham
    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): Lansing-East Lansing, MI (#4040)
    Combined Statistical Area (CSA): Lansing-East Lansing-Owosso, MI (#330)
    Core Based Statistical Area (CBSA): Lansing-East Lansing, MI (#29620)
    CBSA Metro Statistical Area: Lansing-East Lansing, MI (#29620)
  • History of Changes
  • Corrections
    Change in Location
  • Financial Summary
  • Total assets: $70.3 mil
    Equity capital: $5.7 mil
    Deposits held in domestic offices: $62.7 mil
    Return on assets (ROA): -0.88% (-$0.6 mil)
    Quarterly return on assets: -0.81% (-$0.6 mil)
    Return on Equity (ROE): -10.47% (-$0.6 mil)
    Quarterly return on equity: -9.85% (-$0.6 mil)
    Net income: -$0.6 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.88% (-$618.9 mil)
    Quarterly Pretax return on assets: -0.81% (-$569.7 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
  • 34Total employees (full-time equivalent)
  • $70,334Total assets
  • $5,849Cash and due from depository institutions
  • $4,905Interest-bearing balances
  • $19,784Securities
  • $12Federal funds sold & reverse repurchase agreements
  • $39,416Net loans & leases
  • $883Loan loss allowance
  • $0Trading account assets
  • $1,611Bank premises and fixed assets
  • $453Other real estate owned
  • $0Goodwill and other intangibles
  • $70,334Life insurance assets
  • $3,209All other assets
  • $64,613Total liabilities and capital
  • $62,719Total liabilities
  • $51,634Total deposits
  • $62,719Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $655Trading liabilities
  • $0Other borrowed funds
  • $1,239Subordinated debt
  • $5,721All other liabilities
  • $5,721Total equity capital
  • $5,721Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $4,100Surplus
  • $1,321Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,092Income earned, not collected on loans
  • $0Earning assets
  • $170Long-term assets (5+ years)
  • $64,117Average Assets, year-to-date
  • $22,403Average Assets, quarterly
  • $73,017Volatile liabilities
  • $71,238Insider loans
  • $37,910FHLB advances
  • $71,429Loans and leases held for sale
  • $2,086Unused loan commitments
  • $2,086Tier 1 (core) risk-based capital
  • $5,580Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,807Restructured Loans and leases
  • $911Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,087Total interest income
  • $733Total interest expense
  • $2,354Net interest income
  • $865Provision for loan and lease losses
  • $806Total noninterest income
  • $0Fiduciary activities
  • $497Service charges on deposit accounts
  • $0Trading account gains & fees
  • $309Additional noninterest income
  • $3,165Total noninterest expense
  • $1,718Salaries and employee benefits
  • $407Premises and equipment expense
  • $1,040Additional noninterest expense
  • -$870Pre-tax net operating income
  • $231Securities gains (losses)
  • $0Applicable income taxes
  • -$639Income before extraordinary items
  • $0Extraordinary gains - net
  • -$639Net income attributable to bank
  • $0Net charge-offs
  • -$639Cash dividends
  • $857Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.62%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 3.52%Net interest margin
  • 1.21%Noninterest income to earning assets
  • 4.74%Noninterest expense to earning assets
  • -1.19%Net operating income to assets
  • -0.88%Return on assets (ROA)
  • -0.88%Pretax return on assets
  • -10.47%Return on equity (ROE)
  • -10.47%Retained earnings to average equity (YTD only)
  • 1.98%Net charge-offs to loans
  • 100.93%Credit loss provision to net charge-offs
  • -0.01%Efficiency ratio
  • 100,158Assets per employee
  • 2.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.19%Loss allowance to noncurrent loans
  • 42.21%Noncurrent assets plus other real estate owned to assets
  • 3.62%Noncurrent loans to loans
  • 5.19%Net loans and leases to deposits
  • 62.85%Net loans and leases to core deposits
  • 63.82%Equity capital to assets
  • 8.13%Core capital (leverage) ratio
  • 7.81%Tier 1 risk-based capital ratio
  • 14.72%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $73,017Average earning assets
  • $6,105Average equity
  • $66,797Average loans

List of branches

  • 4 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04019Ssbbank122 West Main Street, Stockbridge, MI 49285April 01, 1908Full Service Brick and Mortar
    1208338Gregory Branch223 North Main Street, Gregory, MI 48137December 04, 1964Full Service Brick and Mortar
    2278214Eaton Rapids Branch1401 South Main Street, Eaton Rapids, MI 48827July 08, 1938Full Service Brick and Mortar
    3433912Holt Branch1943 North Cedar Street, Holt, MI 48842November 22, 2004Full Service Brick and Mortar

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