Superior National Bank & Trust Company in Hancock, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Superior National Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 5058
    Status: Active
    Federal Reserve ID: 245557
    Bank Holding Company (Regulatory Top Holder): Keweenaw Financial Corporation (RSSDID: 1495854, Location: Hancock, MI)
    Date Established: March 06, 1890
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 14240
    FDIC's unique #: 3377
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 01, 2009
    Last Structure Change Process Date: March 03, 2009
    Last Data Update: March 03, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 235 Quincy Street, Hancock, MI 49930
    County: Houghton
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Appleton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Houghton, MI (#26340)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $511.7 mil
    Equity capital: $57.7 mil
    Deposits held in domestic offices: $439.5 mil
    Return on assets (ROA): 1.12% ($5.7 mil)
    Quarterly return on assets: 1.19% ($6.1 mil)
    Return on Equity (ROE): 10.14% ($5.9 mil)
    Quarterly return on equity: 10.62% ($6.2 mil)
    Net income: $5.5 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 1.58% ($8,084.4 mil)
    Quarterly Pretax return on assets: 1.63% ($8,340.3 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
  • 112Total employees (full-time equivalent)
  • $511,672Total assets
  • $17,967Cash and due from depository institutions
  • $1,062Interest-bearing balances
  • $192,284Securities
  • $57Federal funds sold & reverse repurchase agreements
  • $285,687Net loans & leases
  • $4,518Loan loss allowance
  • $0Trading account assets
  • $7,608Bank premises and fixed assets
  • $2,171Other real estate owned
  • $169Goodwill and other intangibles
  • $511,672Life insurance assets
  • $5,729All other assets
  • $453,958Total liabilities and capital
  • $439,512Total liabilities
  • $390,816Total deposits
  • $439,512Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 10461.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,985Subordinated debt
  • $57,714All other liabilities
  • $57,714Total equity capital
  • $57,714Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $4,997Surplus
  • $52,117Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $428Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,335Income earned, not collected on loans
  • $0Earning assets
  • $2,346Long-term assets (5+ years)
  • $479,090Average Assets, year-to-date
  • $201,404Average Assets, quarterly
  • $488,296Volatile liabilities
  • $510,087Insider loans
  • $284,518FHLB advances
  • $504,262Loans and leases held for sale
  • $373Unused loan commitments
  • $373Tier 1 (core) risk-based capital
  • $53,846Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,752Restructured Loans and leases
  • $2,436Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $22,496Total interest income
  • $6,498Total interest expense
  • $15,998Net interest income
  • $1,340Provision for loan and lease losses
  • $3,145Total noninterest income
  • $972Fiduciary activities
  • $1,019Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,154Additional noninterest income
  • $10,970Total noninterest expense
  • $6,215Salaries and employee benefits
  • $1,389Premises and equipment expense
  • $3,366Additional noninterest expense
  • $6,833Pre-tax net operating income
  • $901Securities gains (losses)
  • $2,250Applicable income taxes
  • $5,484Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,484Net income attributable to bank
  • $0Net charge-offs
  • $5,484Cash dividends
  • $1,135Sale, conversion, retirement of capital stock, net
  • $1,675Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.98%Yield on earning assets
  • 1.44%Cost of funding earning assets
  • 3.54%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 2.43%Noninterest expense to earning assets
  • 0.99%Net operating income to assets
  • 1.12%Return on assets (ROA)
  • 1.58%Pretax return on assets
  • 10.14%Return on equity (ROE)
  • 7.04%Retained earnings to average equity (YTD only)
  • 0.39%Net charge-offs to loans
  • 118.06%Credit loss provision to net charge-offs
  • 7.20%Efficiency ratio
  • 57,306Assets per employee
  • 4.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 30.54%Loss allowance to loans
  • 1.56%Loss allowance to noncurrent loans
  • 54.21%Noncurrent assets plus other real estate owned to assets
  • 2.05%Noncurrent loans to loans
  • 2.87%Net loans and leases to deposits
  • 65.00%Net loans and leases to core deposits
  • 68.59%Equity capital to assets
  • 11.28%Core capital (leverage) ratio
  • 10.68%Tier 1 risk-based capital ratio
  • 18.93%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $488,296Average earning assets
  • $54,071Average equity
  • $451,798Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $349,379Managed Assets
  • 1Number of Accounts
  • $349,351Personal trust and agency accounts
  • $8,163Employee benefit-defined contribution accounts
  • $7,152Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $14,050Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $128,513Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $191,473Non-managed Assets
  • 291Number of Accounts
  • $0Personal trust and agency accounts
  • $14,050Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $28Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $28Fiduciary accounts held in foreign offices

List of branches

  • 10 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03377Superior National Bank & Trust Compa235 Quincy Street, Hancock, MI 49930March 06, 1890Full Service Brick and Mortar
    1207038Baraga Branch201 Superior Avenue, Baraga, MI 49908Febuary 10, 1966Full Service Brick and Mortar
    2207039Lake Linden Branch53115 State Highway M26, Lake Linden, MI 49945June 01, 1976Full Service Retail
    3207040Ridgecrest Plaza Branch960 Razorback Drive Suite # 1, Houghton, MI 49931August 25, 1980Full Service Brick and Mortar
    4207041Econo Foods Branch1000 West Sharon Avenue, Houghton, MI 49931January 21, 1994Full Service Retail
    5207042Hancock Drive-Thru Branch229 Franklin Street, Hancock, MI 49930October 24, 1994Limited Service Facility
    6207043Calumet Branch56788 Station Drive, Calumet, MI 49913November 29, 1995Full Service Brick and Mortar
    7361340Mohawk Branch80 Mohawk St, Mohawk, MI 49950August 01, 2000Full Service Brick and Mortar
    9427141Chassell Branch41950 Wilson Memorial Drive, Chassell, MI 49916March 01, 2004Full Service Brick and Mortar
    106754Lanse Branch1 East Broad Street, L'anse, MI 49946July 17, 1912Full Service Brick and Mortar

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