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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