Society Bank, Monroe in Monroe, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 15, 1993

  • Society Bank, Monroe in Monroe, Michigan (MI)
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Society Bank, Monroe - Overview

  • General
  • FDIC Certificate #: 21775
    Status: Inactive
    Closing history: Consolidated - Without Assistance
    Acquiring institution: Keybank National Association (#21735)
    Federal Reserve ID: 673945
    Date Established: September 28, 1974
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Interstate: No)
    FDIC's unique #: 15080
    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: September 28, 1974
    Last Structure Change Effective Date: March 15, 1993
    Last Structure Change Process Date: March 31, 1993
    Last Data Update: March 31, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 25 South Monroe Street, Monroe, MI 48161
    County: Monroe
    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): Detroit, MI (#2160)
    Consolidated Metropolitan Statistical Area (CMSA): Detroit-Ann Arbor-Flint, MI (#35)
    Combined Statistical Area (CSA): Detroit-Warren-Flint, MI (#220)
    Core Based Statistical Area (CBSA): Monroe, MI (#33780)
    CBSA Metro Statistical Area: Monroe, MI (#33780)
  • Financial Summary
  • Total assets: $155.1 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $102Total assets
  • $155,132Cash and due from depository institutions
  • $9,494Interest-bearing balances
  • $0Securities
  • $30,025Federal funds sold & reverse repurchase agreements
  • $47Net loans & leases
  • $111,479Loan loss allowance
  • $989Trading account assets
  • $0Bank premises and fixed assets
  • $1,607Other real estate owned
  • $256Goodwill and other intangibles
  • $1,277Life insurance assets
  • $947All other assets
  • $0Total liabilities and capital
  • $155,132Total liabilities
  • $142,891Total deposits
  • $138,421Interest-bearing deposits
  • $123,113Deposits held in domestic offices
  • 138421.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $2,072Trading liabilities
  • $0Other borrowed funds
  • $882Subordinated debt
  • $0All other liabilities
  • $1,516Total equity capital
  • $1,516Total bank equity capital
  • $12,241Perpetual preferred stock
  • $0Common stock
  • $1,016Surplus
  • $10,969Undivided profits
  • Memoranda
  • $256Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,586Income earned, not collected on loans
  • $813Earning assets
  • $141,551Long-term assets (5+ years)
  • $23,167Average Assets, year-to-date
  • $155,077Average Assets, quarterly
  • $157,484Volatile liabilities
  • $8,005Insider loans
  • $38FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $22,707Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $11,294Total risk weighted assets
  • $108,246Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,846Total interest expense
  • $1,198Net interest income
  • $1,648Provision for loan and lease losses
  • $282Total noninterest income
  • $287Fiduciary activities
  • $0Service charges on deposit accounts
  • $211Trading account gains & fees
  • $1Additional noninterest income
  • $75Total noninterest expense
  • $1,267Salaries and employee benefits
  • $597Premises and equipment expense
  • $186Additional noninterest expense
  • $484Pre-tax net operating income
  • $386Securities gains (losses)
  • -$1Applicable income taxes
  • $129Income before extraordinary items
  • $256Extraordinary gains - net
  • $0Net income attributable to bank
  • $256Net charge-offs
  • $322Cash dividends
  • $0Sale, 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
  • 2.02%Cost of funding earning assets
  • 0.85%Net interest margin
  • 1.17%Noninterest income to earning assets
  • 0.20%Noninterest expense to earning assets
  • 0.90%Net operating income to assets
  • 0.17%Return on assets (ROA)
  • 0.17%Pretax return on assets
  • 0.25%Return on equity (ROE)
  • 2.36%Retained earnings to average equity (YTD only)
  • 2.36%Net charge-offs to loans
  • 0.29%Credit loss provision to net charge-offs
  • 87.58%Efficiency ratio
  • 64,651Assets per employee
  • 1.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.88%Loss allowance to noncurrent loans
  • 62.36%Noncurrent assets plus other real estate owned to assets
  • 1.19%Noncurrent loans to loans
  • 1.41%Net loans and leases to deposits
  • 80.54%Net loans and leases to core deposits
  • 83.80%Equity capital to assets
  • 7.89%Core capital (leverage) ratio
  • 7.25%Tier 1 risk-based capital ratio
  • 10.43%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $155,077Average earning assets
  • $10,850Average equity
  • $141,238Average loans

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