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

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