The Bank of Holland in Holland, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The Bank of Holland in Holland, Michigan (MI)
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The Bank of Holland - Overview

  • General
  • FDIC Certificate #: 34862
    Status: Active
    Federal Reserve ID: 2721103
    Bank Holding Company (Regulatory Top Holder): Lake Michigan Financial Corporation (RSSDID: 2721112, Location: Holland, MI)
    Date Established: October 14, 1998
    WWW: http://www.tboh.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 15935
    FDIC's unique #: 61922
    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: Commercial Lending Specialization
    Date of Deposit Insurance: October 14, 1998
    Last Structure Change Effective Date: Febuary 08, 2008
    Last Structure Change Process Date: Febuary 12, 2008
    Last Data Update: Febuary 12, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 150 Central Avenue, Holland, MI 49423
    County: Ottawa
    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
    Metropolitan Statistical Area (MSA): Grand Rapids-Muskegon-Holland, MI (#3000)
    Combined Statistical Area (CSA): Grand Rapids-Muskegon-Holland, MI (#266)
    Core Based Statistical Area (CBSA): Holland-Grand Haven, MI (#26100)
    CBSA Metro Statistical Area: Holland-Grand Haven, MI (#26100)
  • Financial Summary
  • Total assets: $651.9 mil
    Equity capital: $61.7 mil
    Deposits held in domestic offices: $528.5 mil
    Return on assets (ROA): 1.13% ($7.4 mil)
    Quarterly return on assets: 1.39% ($9.1 mil)
    Return on Equity (ROE): 12.18% ($7.6 mil)
    Quarterly return on equity: 14.91% ($9.2 mil)
    Net income: $7.2 mil
    Quarterly Net income: $2.3 mil
    Pretax return on assets: 1.42% ($9,257.4 mil)
    Quarterly Pretax return on assets: 1.23% ($8,018.7 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
  • 62Total employees (full-time equivalent)
  • $651,928Total assets
  • $30,320Cash and due from depository institutions
  • $19,285Interest-bearing balances
  • $94,069Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $499,938Net loans & leases
  • $7,923Loan loss allowance
  • $0Trading account assets
  • $5,480Bank premises and fixed assets
  • $948Other real estate owned
  • $0Goodwill and other intangibles
  • $651,928Life insurance assets
  • $21,173All other assets
  • $589,673Total liabilities and capital
  • $528,523Total liabilities
  • $501,071Total deposits
  • $528,523Interest-bearing deposits
  • $73Deposits held in domestic offices
  • 22000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $36,000Trading liabilities
  • $0Other borrowed funds
  • $3,150Subordinated debt
  • $62,255All other liabilities
  • $61,651Total equity capital
  • $61,651Total bank equity capital
  • $0Perpetual preferred stock
  • $5,000Common stock
  • $32,244Surplus
  • $24,407Undivided profits
  • Memoranda
  • $604Noncurrent loans and leases
  • $4,874Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,123Income earned, not collected on loans
  • $0Earning assets
  • $1,931Long-term assets (5+ years)
  • $613,292Average Assets, year-to-date
  • $87,913Average Assets, quarterly
  • $640,825Volatile liabilities
  • $652,310Insider loans
  • $509,084FHLB advances
  • $640,892Loans and leases held for sale
  • $8,777Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $60,459Tier 2 risk-based capital
  • $8,777Total risk weighted assets
  • $0Total unused commitments
  • $156,144Restructured Loans and leases
  • $26,238Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $30,695Total interest income
  • $9,355Total interest expense
  • $21,340Net interest income
  • $2,550Provision for loan and lease losses
  • $3,326Total noninterest income
  • $0Fiduciary activities
  • $362Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,964Additional noninterest income
  • $13,292Total noninterest expense
  • $5,715Salaries and employee benefits
  • $1,517Premises and equipment expense
  • $6,060Additional noninterest expense
  • $8,824Pre-tax net operating income
  • $306Securities gains (losses)
  • $1,876Applicable income taxes
  • $7,254Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,216Net income attributable to bank
  • $38Net charge-offs
  • $7,254Cash dividends
  • $2,064Sale, conversion, retirement of capital stock, net
  • $6,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.08%Yield on earning assets
  • 1.55%Cost of funding earning assets
  • 3.53%Net interest margin
  • 0.55%Noninterest income to earning assets
  • 2.20%Noninterest expense to earning assets
  • 1.09%Net operating income to assets
  • 1.13%Return on assets (ROA)
  • 1.42%Pretax return on assets
  • 12.18%Return on equity (ROE)
  • 2.05%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 123.55%Credit loss provision to net charge-offs
  • 5.51%Efficiency ratio
  • 53,888Assets per employee
  • 10.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 83.15%Loss allowance to loans
  • 1.56%Loss allowance to noncurrent loans
  • 97.54%Noncurrent assets plus other real estate owned to assets
  • 1.39%Noncurrent loans to loans
  • 1.60%Net loans and leases to deposits
  • 94.59%Net loans and leases to core deposits
  • 174.00%Equity capital to assets
  • 9.46%Core capital (leverage) ratio
  • 9.43%Tier 1 risk-based capital ratio
  • 11.88%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $640,825Average earning assets
  • $59,236Average equity
  • $603,840Average loans

List of branches

  • 4 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061922The Bank Of Holland150 Central Avenue, Holland, MI 49423October 14, 1998Full Service Brick and Mortar
    1419337Grand Rapids Office51 Ionia Sw, Grand Rapids, MI 49503November 18, 2002Full Service Brick and Mortar
    2465789Messenger Service150 Central Avenue, Holland, MI 49423July 14, 2007Limited Service Messenger
    3526496Grand Haven Limited Service Facilitt16930 Robbins Road, Suite 120, Grand Haven, MI 49417September 01, 2011

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