The Dart Bank in Mason, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Dart Bank - Overview

  • General
  • FDIC Certificate #: 5033
    Status: Active
    Federal Reserve ID: 47247
    Bank Holding Company (Regulatory Top Holder): Dart Financial Corporation (RSSDID: 3726196, Location: Mason, MI)
    Date Established: May 01, 1925
    WWW: http://www.dartbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 11837
    FDIC's unique #: 3359
    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: January 01, 1934
    Last Structure Change Effective Date: July 01, 2008
    Last Structure Change Process Date: November 14, 2008
    Last Data Update: November 14, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 368 South Park Street, Mason, MI 48854
    County: Ingham
    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): Lansing-East Lansing, MI (#4040)
    Combined Statistical Area (CSA): Lansing-East Lansing-Owosso, MI (#330)
    Core Based Statistical Area (CBSA): Lansing-East Lansing, MI (#29620)
    CBSA Metro Statistical Area: Lansing-East Lansing, MI (#29620)
  • History of Changes
  • Participated in Reorganization
    Change in Location
  • Financial Summary
  • Total assets: $272.4 mil
    Equity capital: $27.6 mil
    Deposits held in domestic offices: $219.8 mil
    Return on assets (ROA): 0.85% ($2.3 mil)
    Quarterly return on assets: 0.90% ($2.4 mil)
    Return on Equity (ROE): 8.94% ($2.5 mil)
    Quarterly return on equity: 9.01% ($2.5 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.03% ($2,805.5 mil)
    Quarterly Pretax return on assets: 1.02% ($2,778.2 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
  • 76Total employees (full-time equivalent)
  • $272,376Total assets
  • $18,130Cash and due from depository institutions
  • $8,775Interest-bearing balances
  • $75,556Securities
  • $4,657Federal funds sold & reverse repurchase agreements
  • $157,478Net loans & leases
  • $6,100Loan loss allowance
  • $0Trading account assets
  • $4,464Bank premises and fixed assets
  • $863Other real estate owned
  • $222Goodwill and other intangibles
  • $272,376Life insurance assets
  • $11,006All other assets
  • $244,804Total liabilities and capital
  • $219,833Total liabilities
  • $173,503Total deposits
  • $219,833Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $24,100Trading liabilities
  • $0Other borrowed funds
  • $871Subordinated debt
  • $27,572All other liabilities
  • $27,572Total equity capital
  • $27,572Total bank equity capital
  • $0Perpetual preferred stock
  • $3,000Common stock
  • $16,000Surplus
  • $8,572Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $253Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,390Income earned, not collected on loans
  • $0Earning assets
  • $1,234Long-term assets (5+ years)
  • $246,466Average Assets, year-to-date
  • $96,067Average Assets, quarterly
  • $268,626Volatile liabilities
  • $274,010Insider loans
  • $170,554FHLB advances
  • $267,895Loans and leases held for sale
  • $5,885Unused loan commitments
  • $4,339Tier 1 (core) risk-based capital
  • $25,678Tier 2 risk-based capital
  • $1,546Total risk weighted assets
  • $0Total unused commitments
  • $15,802Restructured Loans and leases
  • $576Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,927Total interest income
  • $3,006Total interest expense
  • $9,921Net interest income
  • $1,019Provision for loan and lease losses
  • $1,568Total noninterest income
  • $0Fiduciary activities
  • $575Service charges on deposit accounts
  • $0Trading account gains & fees
  • $993Additional noninterest income
  • $7,697Total noninterest expense
  • $4,227Salaries and employee benefits
  • $905Premises and equipment expense
  • $2,565Additional noninterest expense
  • $2,773Pre-tax net operating income
  • $0Securities gains (losses)
  • $477Applicable income taxes
  • $2,296Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,296Net income attributable to bank
  • $0Net charge-offs
  • $2,296Cash dividends
  • $1,349Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.33%Yield on earning assets
  • 1.24%Cost of funding earning assets
  • 4.09%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 3.17%Noninterest expense to earning assets
  • 0.85%Net operating income to assets
  • 0.85%Return on assets (ROA)
  • 1.03%Pretax return on assets
  • 8.94%Return on equity (ROE)
  • 8.94%Retained earnings to average equity (YTD only)
  • 0.81%Net charge-offs to loans
  • 75.54%Credit loss provision to net charge-offs
  • 2.81%Efficiency ratio
  • 66,995Assets per employee
  • 3.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.73%Loss allowance to noncurrent loans
  • 138.95%Noncurrent assets plus other real estate owned to assets
  • 1.93%Noncurrent loans to loans
  • 2.68%Net loans and leases to deposits
  • 71.64%Net loans and leases to core deposits
  • 75.96%Equity capital to assets
  • 10.12%Core capital (leverage) ratio
  • 9.59%Tier 1 risk-based capital ratio
  • 15.06%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $268,626Average earning assets
  • $25,669Average equity
  • $242,592Average loans

List of branches

  • 3 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03359The Dart Bank368 South Park Street, Mason, MI 48854May 01, 1925Full Service Brick and Mortar
    1206826Delhi Branch2469 Cedar Street, Delhi Township, MI 48842April 15, 1974Full Service Brick and Mortar
    3439939Grand Ledge Branch1020 Charlevoix Drive, Grand Ledge, MI 48837April 18, 2005Full Service Brick and Mortar

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