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- Banks in Michigan (MI)
- The Kingston State Bank
The Kingston State Bank in Kingston, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of April 30, 1994
- The Kingston State Bank in Kingston, Michigan (MI)
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The Kingston State Bank - Overview
- General
- FDIC Certificate #: 14846
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Independent Bank East Michigan (#12732)
Federal Reserve ID: 389545
Date Established: January 01, 1912
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 5 (Interstate: No)
FDIC's unique #: 9293
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: November 02, 1934
Last Structure Change Effective Date: April 30, 1994
Last Structure Change Process Date: May 16, 1994
Last Data Update: May 16, 1994
Data Source Date: April 05, 2012 - Location
- Address: 5854 State Street, Kingston, MI 48741
County: Tuscola
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 - Financial Summary
- Total assets: $35.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1993)
- Dollar figures in thousands
- 0Total employees (full-time equivalent)
- $30Total assets
- $37,773Cash and due from depository institutions
- $2,379Interest-bearing balances
- $0Securities
- $9,419Federal funds sold & reverse repurchase agreements
- $1,200Net loans & leases
- $23,407Loan loss allowance
- $489Trading account assets
- $0Bank premises and fixed assets
- $636Other real estate owned
- $104Goodwill and other intangibles
- $628Life insurance assets
- $0All other assets
- $0Total liabilities and capital
- $37,773Total liabilities
- $34,941Total deposits
- $34,724Interest-bearing deposits
- $31,347Deposits held in domestic offices
- 34724.00%% insured (estimated)
- $95Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $0Other borrowed funds
- $0Subordinated debt
- $0All other liabilities
- $217Total equity capital
- $217Total bank equity capital
- $2,832Perpetual preferred stock
- $0Common stock
- $550Surplus
- $750Undivided profits
- Memoranda
- $1,532Noncurrent loans and leases
- $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $570Income earned, not collected on loans
- $229Earning assets
- $34,026Long-term assets (5+ years)
- $3,206Average Assets, year-to-date
- $35,021Average Assets, quarterly
- $36,617Volatile liabilities
- $1,015Insider loans
- $320FHLB advances
- $0Loans and leases held for sale
- $0Unused loan commitments
- $1,866Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $2,832Total risk weighted assets
- $23,046Total unused commitments
- $0Restructured Loans and leases
- $0Derivatives
Income and Expense (December 31, 1993)
- Dollar figures in thousands
- $0Total interest income
- $2,772Total interest expense
- $1,073Net interest income
- $1,699Provision for loan and lease losses
- $14Total noninterest income
- $268Fiduciary activities
- $0Service charges on deposit accounts
- $202Trading account gains & fees
- $0Additional noninterest income
- $66Total noninterest expense
- $1,587Salaries and employee benefits
- $789Premises and equipment expense
- $239Additional noninterest expense
- $559Pre-tax net operating income
- $366Securities gains (losses)
- -$3Applicable income taxes
- $91Income before extraordinary items
- $272Extraordinary gains - net
- $0Net income attributable to bank
- $272Net charge-offs
- $50Cash dividends
- $27Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 1993)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 0.00%Yield on earning assets
- 8.69%Cost of funding earning assets
- 3.37%Net interest margin
- 5.33%Noninterest income to earning assets
- 0.84%Noninterest expense to earning assets
- 4.98%Net operating income to assets
- 0.78%Return on assets (ROA)
- 0.78%Pretax return on assets
- 1.04%Return on equity (ROE)
- 10.00%Retained earnings to average equity (YTD only)
- 9.00%Net charge-offs to loans
- 0.22%Credit loss provision to net charge-offs
- 28.00%Efficiency ratio
- 80,681Assets per employee
- 1.26%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 9.93%Loss allowance to loans
- 2.05%Loss allowance to noncurrent loans
- 85.79%Noncurrent assets plus other real estate owned to assets
- 1.78%Noncurrent loans to loans
- 2.39%Net loans and leases to deposits
- 67.41%Net loans and leases to core deposits
- 69.44%Equity capital to assets
- 7.50%Core capital (leverage) ratio
- 7.66%Tier 1 risk-based capital ratio
- 12.29%Total risk-based capital ratio
- Memoranda
- $14Average assets
- $35,021Average earning assets
- $2,721Average equity
- $31,887Average loans
- bankencyclopedia.com
- Banks in Michigan (MI)
- The Kingston State Bank
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