The First National Bank & Trust Company of Iron Mountain in Iron Mountain, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


The First National Bank & Trust Company of Iron Mountain - Overview

  • General
  • FDIC Certificate #: 5062
    Status: Active
    Federal Reserve ID: 251558
    Bank Holding Company (Regulatory Top Holder): Fnb Bancshares, Inc. (RSSDID: 1416671, Location: Iron Mountain, MI)
    Date Established: January 01, 1887
    WWW: http://www.fnbimk.com
    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: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 11932
    FDIC's unique #: 3380
    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: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 11, 2009
    Last Structure Change Process Date: January 06, 2010
    Last Data Update: January 06, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 233 South Stephenson Avenue, Iron Mountain, MI 49801
    County: Dickinson
    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): Iron Mountain, MI-WI (#27020)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $297.0 mil
    Equity capital: $25.9 mil
    Deposits held in domestic offices: $240.9 mil
    Return on assets (ROA): 0.55% ($1.6 mil)
    Quarterly return on assets: 0.50% ($1.5 mil)
    Return on Equity (ROE): 6.27% ($1.6 mil)
    Quarterly return on equity: 5.66% ($1.5 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.68% ($2,019.7 mil)
    Quarterly Pretax return on assets: 0.81% ($2,405.9 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
  • 75Total employees (full-time equivalent)
  • $297,019Total assets
  • $37,857Cash and due from depository institutions
  • $32,645Interest-bearing balances
  • $85,203Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $161,211Net loans & leases
  • $1,969Loan loss allowance
  • $0Trading account assets
  • $6,594Bank premises and fixed assets
  • $1,024Other real estate owned
  • $1,945Goodwill and other intangibles
  • $297,019Life insurance assets
  • $3,185All other assets
  • $271,120Total liabilities and capital
  • $240,939Total liabilities
  • $174,122Total deposits
  • $240,939Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 17137.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,128Trading liabilities
  • $0Other borrowed funds
  • $916Subordinated debt
  • $25,899All other liabilities
  • $25,899Total equity capital
  • $25,899Total bank equity capital
  • $0Perpetual preferred stock
  • $2,160Common stock
  • $2,840Surplus
  • $20,899Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,665Income earned, not collected on loans
  • $0Earning assets
  • $989Long-term assets (5+ years)
  • $279,059Average Assets, year-to-date
  • $82,635Average Assets, quarterly
  • $287,392Volatile liabilities
  • $294,492Insider loans
  • $186,898FHLB advances
  • $289,535Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $22,935Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,195Restructured Loans and leases
  • $11,481Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,762Total interest income
  • $2,847Total interest expense
  • $8,915Net interest income
  • $1,300Provision for loan and lease losses
  • $1,867Total noninterest income
  • $377Fiduciary activities
  • $389Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,101Additional noninterest income
  • $7,663Total noninterest expense
  • $4,179Salaries and employee benefits
  • $1,284Premises and equipment expense
  • $2,200Additional noninterest expense
  • $1,819Pre-tax net operating income
  • $145Securities gains (losses)
  • $369Applicable income taxes
  • $1,595Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,595Net income attributable to bank
  • $0Net charge-offs
  • $1,595Cash dividends
  • $1,669Sale, conversion, retirement of capital stock, net
  • $1,015Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.36%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 3.30%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 2.84%Noninterest expense to earning assets
  • 0.51%Net operating income to assets
  • 0.55%Return on assets (ROA)
  • 0.68%Pretax return on assets
  • 6.27%Return on equity (ROE)
  • 2.28%Retained earnings to average equity (YTD only)
  • 0.99%Net charge-offs to loans
  • 77.89%Credit loss provision to net charge-offs
  • 1.87%Efficiency ratio
  • 71,072Assets per employee
  • 3.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 63.64%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 118.26%Noncurrent assets plus other real estate owned to assets
  • 0.91%Noncurrent loans to loans
  • 1.02%Net loans and leases to deposits
  • 66.91%Net loans and leases to core deposits
  • 82.57%Equity capital to assets
  • 8.72%Core capital (leverage) ratio
  • 7.92%Tier 1 risk-based capital ratio
  • 12.27%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $287,392Average earning assets
  • $25,433Average equity
  • $269,987Average 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
  • $135,973Managed Assets
  • 1Number of Accounts
  • $45,967Personal trust and agency accounts
  • $7,001Employee benefit-defined contribution accounts
  • $4,189Employee benefit-defined benefit accounts
  • $10,863Other retirement accounts
  • $962Corporate trust and agency accounts
  • $22,046Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $906Non-managed Assets
  • 193Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $90,006Other retirement accounts
  • $161Corporate trust and agency accounts
  • $10,891Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 7 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03380The First National Bank & Trust Comp233 South Stephenson Avenue, Iron Mountain, MI 49801January 01, 1887Full Service Brick and Mortar
    1207054Kingsford Branch128 South Carpenter Avenue, Kingsford, MI 49801January 10, 1966Full Service Brick and Mortar
    3207056North Branch1211 North Stephenson Avenue, Iron Mountain, MI 49801January 10, 1972Full Service Brick and Mortar
    4207057South BranchW 8151 Us 2, Iron Mountain, MI 49801June 13, 1977Full Service Brick and Mortar
    5207058Econo Food Branch1600 South Stephenson Avenue, Iron Mountain, MI 49801June 12, 1995Full Service Retail
    6739North Menomine Branch3805 Tenth Avenue, Menominee, MI 49858October 02, 1905Full Service Brick and Mortar
    7527028Iron River Branch901 Riverside Plaza, Iron River, MI 49935November 02, 2011Full Service Brick and Mortar

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