The Hastings City Bank in Hastings, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The Hastings City Bank in Hastings, Michigan (MI)
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The Hastings City Bank - Overview

  • General
  • FDIC Certificate #: 11407
    Status: Active
    Federal Reserve ID: 750341
    Bank Holding Company (Regulatory Top Holder): Hcb Financial Corp. (RSSDID: 1136287, Location: Hastings, MI)
    Date Established: January 01, 1886
    WWW: http://www.hastingscitybank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 10657
    FDIC's unique #: 7283
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 150 West Court Street, Hastings, MI 49058
    County: Barry
    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
    Combined Statistical Area (CSA): Grand Rapids-Muskegon-Holland, MI (#266)
    Core Based Statistical Area (CBSA): Grand Rapids-Wyoming, MI (#24340)
    CBSA Metro Statistical Area: Grand Rapids-Wyoming, MI (#24340)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $251.5 mil
    Equity capital: $24.2 mil
    Deposits held in domestic offices: $213.9 mil
    Return on assets (ROA): 0.52% ($1.3 mil)
    Quarterly return on assets: 0.54% ($1.4 mil)
    Return on Equity (ROE): 5.36% ($1.3 mil)
    Quarterly return on equity: 5.65% ($1.4 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.60% ($1,509.0 mil)
    Quarterly Pretax return on assets: 0.62% ($1,559.3 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
  • 82Total employees (full-time equivalent)
  • $251,496Total assets
  • $53,801Cash and due from depository institutions
  • $44,933Interest-bearing balances
  • $46,206Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $132,354Net loans & leases
  • $2,440Loan loss allowance
  • $0Trading account assets
  • $7,982Bank premises and fixed assets
  • $396Other real estate owned
  • $183Goodwill and other intangibles
  • $251,496Life insurance assets
  • $10,574All other assets
  • $227,294Total liabilities and capital
  • $213,859Total liabilities
  • $176,563Total deposits
  • $213,859Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,318Trading liabilities
  • $0Other borrowed funds
  • $1,117Subordinated debt
  • $24,202All other liabilities
  • $24,202Total equity capital
  • $24,202Total bank equity capital
  • $0Perpetual preferred stock
  • $1,354Common stock
  • $10,872Surplus
  • $11,976Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,243Income earned, not collected on loans
  • $0Earning assets
  • $873Long-term assets (5+ years)
  • $223,493Average Assets, year-to-date
  • $64,095Average Assets, quarterly
  • $246,308Volatile liabilities
  • $251,983Insider loans
  • $122,283FHLB advances
  • $246,327Loans and leases held for sale
  • $5,389Unused loan commitments
  • $5,389Tier 1 (core) risk-based capital
  • $22,093Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,430Restructured Loans and leases
  • $3,253Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,915Total interest income
  • $1,431Total interest expense
  • $7,484Net interest income
  • $587Provision for loan and lease losses
  • $2,342Total noninterest income
  • $358Fiduciary activities
  • $701Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,283Additional noninterest income
  • $7,761Total noninterest expense
  • $4,304Salaries and employee benefits
  • $1,089Premises and equipment expense
  • $2,368Additional noninterest expense
  • $1,478Pre-tax net operating income
  • $0Securities gains (losses)
  • $200Applicable income taxes
  • $1,278Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,278Net income attributable to bank
  • $0Net charge-offs
  • $1,278Cash dividends
  • $747Sale, conversion, retirement of capital stock, net
  • $717Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.06%Yield on earning assets
  • 0.65%Cost of funding earning assets
  • 3.41%Net interest margin
  • 1.07%Noninterest income to earning assets
  • 3.54%Noninterest expense to earning assets
  • 0.52%Net operating income to assets
  • 0.52%Return on assets (ROA)
  • 0.60%Pretax return on assets
  • 5.36%Return on equity (ROE)
  • 2.35%Retained earnings to average equity (YTD only)
  • 0.54%Net charge-offs to loans
  • 78.58%Credit loss provision to net charge-offs
  • 2.76%Efficiency ratio
  • 78,984Assets per employee
  • 3.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 56.10%Loss allowance to loans
  • 1.81%Loss allowance to noncurrent loans
  • 196.30%Noncurrent assets plus other real estate owned to assets
  • 0.65%Noncurrent loans to loans
  • 0.92%Net loans and leases to deposits
  • 61.89%Net loans and leases to core deposits
  • 62.38%Equity capital to assets
  • 9.62%Core capital (leverage) ratio
  • 8.97%Tier 1 risk-based capital ratio
  • 18.07%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $246,308Average earning assets
  • $23,854Average equity
  • $219,333Average 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
  • $97,519Managed Assets
  • 1Number of Accounts
  • $96,467Personal trust and agency accounts
  • $29,493Employee benefit-defined contribution accounts
  • $8,667Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $9,651Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $46,851Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $1,805Non-managed Assets
  • 239Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,052Other retirement accounts
  • $1,052Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 7 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07283The Hastings City Bank150 West Court Street, Hastings, MI 49058January 01, 1886Full Service Brick and Mortar
    17007Middleville Branch435 Arlington Street, Middleville, MI 49333May 01, 1903Full Service Brick and Mortar
    2231520Bellevue Branch111 East Capital Avenue, Bellevue, MI 49021November 24, 1941Full Service Brick and Mortar
    3231522Nashville Branch310 North Main Street, Nashville, MI 49073Febuary 20, 1941Full Service Brick and Mortar
    4224597Caledonia Branch9265 Cherry Valley Avenue, S.E., Caledonia, MI 49316July 31, 1989Full Service Brick and Mortar
    5264842Wayland Branch156 West Superior Street, Wayland, MI 49348January 01, 1886Full Service Brick and Mortar
    6503133Messenger Service150 West Court Street, Hastings, MI 49058October 01, 2008Limited Service Messenger

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