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


  • Sidney State Bank in Sidney, Michigan (MI)
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Sidney State Bank - Overview

  • General
  • FDIC Certificate #: 17232
    Status: Active
    Federal Reserve ID: 648345
    Bank Holding Company (Regulatory Top Holder): Sidney Bancorp (RSSDID: 3621497, Location: Sidney, MI)
    Date Established: October 10, 1921
    WWW: http://www.sidneybank.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)
    OTS Docket #: 13603
    FDIC's unique #: 11259
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: June 15, 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: 3016 West Sidney Road, Sidney, MI 48885
    County: Montcalm
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $50.8 mil
    Equity capital: $5.8 mil
    Deposits held in domestic offices: $41.6 mil
    Return on assets (ROA): 0.67% ($0.3 mil)
    Quarterly return on assets: 0.89% ($0.5 mil)
    Return on Equity (ROE): 6.22% ($0.4 mil)
    Quarterly return on equity: 8.04% ($0.5 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.95% ($482.6 mil)
    Quarterly Pretax return on assets: 1.27% ($645.2 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
  • 15Total employees (full-time equivalent)
  • $50,801Total assets
  • $3,781Cash and due from depository institutions
  • $2,450Interest-bearing balances
  • $5,784Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $39,006Net loans & leases
  • $708Loan loss allowance
  • $0Trading account assets
  • $347Bank premises and fixed assets
  • $654Other real estate owned
  • $0Goodwill and other intangibles
  • $50,801Life insurance assets
  • $1,229All other assets
  • $45,029Total liabilities and capital
  • $41,601Total liabilities
  • $38,610Total deposits
  • $41,601Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,100Trading liabilities
  • $0Other borrowed funds
  • $328Subordinated debt
  • $5,772All other liabilities
  • $5,772Total equity capital
  • $5,772Total bank equity capital
  • $0Perpetual preferred stock
  • $1,200Common stock
  • $1,800Surplus
  • $2,772Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,138Income earned, not collected on loans
  • $0Earning assets
  • $286Long-term assets (5+ years)
  • $47,240Average Assets, year-to-date
  • $14,612Average Assets, quarterly
  • $53,007Volatile liabilities
  • $52,421Insider loans
  • $29,378FHLB advances
  • $51,523Loans and leases held for sale
  • $142Unused loan commitments
  • $142Tier 1 (core) risk-based capital
  • $5,783Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $560Restructured Loans and leases
  • $132Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,797Total interest income
  • $648Total interest expense
  • $2,149Net interest income
  • $210Provision for loan and lease losses
  • $214Total noninterest income
  • $0Fiduciary activities
  • $167Service charges on deposit accounts
  • $0Trading account gains & fees
  • $47Additional noninterest income
  • $1,652Total noninterest expense
  • $907Salaries and employee benefits
  • $146Premises and equipment expense
  • $599Additional noninterest expense
  • $501Pre-tax net operating income
  • $0Securities gains (losses)
  • $147Applicable income taxes
  • $354Income before extraordinary items
  • $0Extraordinary gains - net
  • $354Net income attributable to bank
  • $0Net charge-offs
  • $354Cash dividends
  • $493Sale, conversion, retirement of capital stock, net
  • $180Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.96%Yield on earning assets
  • 1.38%Cost of funding earning assets
  • 4.58%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 3.52%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 0.67%Return on assets (ROA)
  • 0.95%Pretax return on assets
  • 6.22%Return on equity (ROE)
  • 3.06%Retained earnings to average equity (YTD only)
  • 1.20%Net charge-offs to loans
  • 42.60%Credit loss provision to net charge-offs
  • 1.44%Efficiency ratio
  • 69,911Assets per employee
  • 3.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.85%Loss allowance to loans
  • 1.78%Loss allowance to noncurrent loans
  • 62.21%Noncurrent assets plus other real estate owned to assets
  • 3.53%Noncurrent loans to loans
  • 2.87%Net loans and leases to deposits
  • 93.76%Net loans and leases to core deposits
  • 94.91%Equity capital to assets
  • 11.36%Core capital (leverage) ratio
  • 11.22%Tier 1 risk-based capital ratio
  • 19.68%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $53,007Average earning assets
  • $5,695Average equity
  • $46,923Average loans

List of branches

  • 1 Michigan Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011259Sidney State Bank3016 West Sidney Road, Sidney, MI 48885October 10, 1921Full Service Brick and Mortar

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