The Montrose State Bank in Montrose, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 2007

  • The Montrose State Bank in Montrose, Michigan (MI)
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The Montrose State Bank - Overview

  • General
  • FDIC Certificate #: 12436
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community State Bank (#15868)
    Federal Reserve ID: 610847
    Date Established: October 12, 1912
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 7917
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 01, 2007
    Last Structure Change Process Date: December 05, 2007
    Last Data Update: December 05, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 West State Street, Montrose, MI 48457
    County: Genesee
    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
    Metropolitan Statistical Area (MSA): Flint, MI (#2640)
    Consolidated Metropolitan Statistical Area (CMSA): Detroit-Ann Arbor-Flint, MI (#35)
    Combined Statistical Area (CSA): Detroit-Warren-Flint, MI (#220)
    Core Based Statistical Area (CBSA): Flint, MI (#22420)
    CBSA Metro Statistical Area: Flint, MI (#22420)
  • Financial Summary
  • Total assets: $61.0 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, 2006)

  • Dollar figures in thousands
  • 31Total employees (full-time equivalent)
  • $60,155Total assets
  • $1,919Cash and due from depository institutions
  • $0Interest-bearing balances
  • $18,400Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $36,920Net loans & leases
  • $746Loan loss allowance
  • $0Trading account assets
  • $1,772Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,144All other assets
  • $60,155Total liabilities and capital
  • $48,486Total liabilities
  • $47,477Total deposits
  • $38,199Interest-bearing deposits
  • $47,477Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $597Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $412All other liabilities
  • $11,669Total equity capital
  • $11,669Total bank equity capital
  • $11,669Perpetual preferred stock
  • $0Common stock
  • $3,750Surplus
  • $3,750Undivided profits
  • Memoranda
  • $4,169Noncurrent loans and leases
  • $2,393Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,103Earning assets
  • $0Long-term assets (5+ years)
  • $367Average Assets, year-to-date
  • $55,320Average Assets, quarterly
  • $17,484Volatile liabilities
  • $61,070Insider loans
  • $60,683FHLB advances
  • $4,344Loans and leases held for sale
  • $555Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,393Total unused commitments
  • $0Restructured Loans and leases
  • $425Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $3,066Total interest income
  • $738Total interest expense
  • $2,328Net interest income
  • $0Provision for loan and lease losses
  • $483Total noninterest income
  • $0Fiduciary activities
  • $314Service charges on deposit accounts
  • $0Trading account gains & fees
  • $169Additional noninterest income
  • $2,034Total noninterest expense
  • $1,089Salaries and employee benefits
  • $399Premises and equipment expense
  • $546Additional noninterest expense
  • $777Pre-tax net operating income
  • $0Securities gains (losses)
  • $164Applicable income taxes
  • $613Income before extraordinary items
  • $0Extraordinary gains - net
  • $613Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $97Sale, conversion, retirement of capital stock, net
  • $264Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.38%Yield on earning assets
  • 1.29%Cost of funding earning assets
  • 4.08%Net interest margin
  • 0.85%Noninterest income to earning assets
  • 3.57%Noninterest expense to earning assets
  • 1.00%Net operating income to assets
  • 1.00%Return on assets (ROA)
  • 1.27%Pretax return on assets
  • 5.33%Return on equity (ROE)
  • 3.04%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 8.01%Efficiency ratio
  • 72,359Assets per employee
  • 1.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.07%Loss allowance to loans
  • 1.98%Loss allowance to noncurrent loans
  • 67.63%Noncurrent assets plus other real estate owned to assets
  • 1.83%Noncurrent loans to loans
  • 2.93%Net loans and leases to deposits
  • 77.76%Net loans and leases to core deposits
  • 84.43%Equity capital to assets
  • 19.40%Core capital (leverage) ratio
  • 19.21%Tier 1 risk-based capital ratio
  • 34.65%Total risk-based capital ratio
  • Memoranda
  • $36Average assets
  • $61,070Average earning assets
  • $11,499Average equity
  • $57,004Average loans

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