Sidney State Bank in Sidney, Michigan (MI)



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Sidney State Bank routing number info

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Sidney State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)15
Total assets$50,801
Cash and due from depository institutions$3,781
Interest-bearing balances$2,450
Securities$5,784
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$39,006
Loan loss allowance $708
Trading account assets$0
Bank premises and fixed assets$347
Other real estate owned$654
Goodwill and other intangibles$0
All other assets$1,229
Life insurance assets$50,801
Total liabilities and capital$45,029
Total liabilities$41,601
Total deposits$38,610
Interest-bearing deposits$41,601
Deposits held in domestic offices$100
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$3,100
Other borrowed funds $0
Subordinated debt $328
All other liabilities $5,772
Total equity capital$5,772
Total bank equity capital$5,772
Perpetual preferred stock$0
Common stock$1,200
Surplus$1,800
Undivided profits $2,772
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,138
Earning assets $0
Long-term assets (5+ years) $286
Average Assets, year-to-date $47,240
Average Assets, quarterly $14,612
Volatile liabilities $53,007
Insider loans $52,421
FHLB advances $29,378
Loans and leases held for sale $51,523
Unused loan commitments $142
Tier 1 (core) risk-based capital $142
Tier 2 risk-based capital $5,783
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $560
Derivatives$132
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,797
Total interest expense $648
Net interest income $2,149
Provision for loan and lease losses $210
Total noninterest income $214
Fiduciary activities $0
Service charges on deposit accounts $167
Trading account gains & fees $0
Additional noninterest income $47
Total noninterest expense $1,652
Salaries and employee benefits $907
Premises and equipment expense $146
Additional noninterest expense $599
Pre-tax net operating income $501
Securities gains (losses) $0
Applicable income taxes $147
Income before extraordinary items $354
Extraordinary gains - net $0
Net income attributable to bank $354
Net charge-offs $0
Cash dividends $354
Sale, conversion, retirement of capital stock, net $493
Net operating income $180
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.96%
Cost of funding earning assets 1.38%
Net interest margin 4.58%
Noninterest income to earning assets 0.46%
Noninterest expense to earning assets 3.52%
Net operating income to assets 0.67%
Return on assets (ROA) 0.67%
Pretax return on assets 0.95%
Return on equity (ROE) 6.22%
Retained earnings to average equity (YTD only) 3.06%
Net charge-offs to loans 1.20%
Credit loss provision to net charge-offs 42.60%
Efficiency ratio1.44%
Assets per employee$69,911
Cash dividends to net income (YTD only)3.39%
Condition Ratios (%)
Loss allowance to loans 50.85%
Loss allowance to noncurrent loans 1.78%
Noncurrent assets plus other real estate owned to assets 62.21%
Noncurrent loans to loans 3.53%
Net loans and leases to deposits2.87%
Net loans and leases to core deposits 93.76%
Equity capital to assets 94.91%
Core capital (leverage) ratio 11.36%
Tier 1 risk-based capital ratio 11.22%
Total risk-based capital ratio 19.68%
Memoranda
Average assets$21
Average earning assets$53,007
Average equity $5,695
Average loans $46,923
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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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