The Peninsula Bank of Ishpeming in Ishpeming, Michigan (MI)



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The Peninsula Bank of Ishpeming routing number info

Table of contents:
The Peninsula Bank of Ishpeming
GeneralFDIC Certificate #: 11401
Status: Active
Federal Reserve ID: 258351
Bank Holding Company (Regulatory Top Holder): Peninsula Financial Corporation (RSSDID: 1139121, Location: Ishpeming, MI)
Date Established: October 27, 1887
WWW: http://www.penbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 9667
FDIC's unique #: 7278
Numeric code: 13
Regulator: FED
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: Commercial Lending Specialization
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
LocationAddress: 100 South Main Street, Ishpeming, MI 49849
County: Marquette
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Appleton
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Core Based Statistical Area (CBSA): Marquette, MI (#32100)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $137.3 mil
Equity capital: $16.7 mil
Deposits held in domestic offices: $115.7 mil
Return on assets (ROA): 0.38% ($0.5 mil)
Quarterly return on assets: 0.54% ($0.7 mil)
Return on Equity (ROE): 3.15% ($0.5 mil)
Quarterly return on equity: 4.53% ($0.8 mil)
Net income: $0.5 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.55% ($755.2 mil)
Quarterly Pretax return on assets: 0.73% ($1,002.4 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)
Total employees (full-time equivalent)46
Total assets$137,313
Cash and due from depository institutions$17,753
Interest-bearing balances$282
Securities$14,114
Federal funds sold & reverse repurchase agreements$6,650
Net loans & leases$92,901
Loan loss allowance $2,005
Trading account assets$0
Bank premises and fixed assets$973
Other real estate owned$498
Goodwill and other intangibles$0
All other assets$4,424
Life insurance assets$137,313
Total liabilities and capital$120,592
Total liabilities$115,742
Total deposits$104,535
Interest-bearing deposits$115,742
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,043
Other borrowed funds $0
Subordinated debt $2,807
All other liabilities $16,721
Total equity capital$16,721
Total bank equity capital$16,721
Perpetual preferred stock$0
Common stock$450
Surplus$3,550
Undivided profits $12,721
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $434
Income earned, not collected on loans $1,403
Earning assets $0
Long-term assets (5+ years) $397
Average Assets, year-to-date $113,947
Average Assets, quarterly $14,479
Volatile liabilities $138,708
Insider loans $139,273
FHLB advances $92,165
Loans and leases held for sale $136,861
Unused loan commitments $1,859
Tier 1 (core) risk-based capital $1,859
Tier 2 risk-based capital $16,448
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,361
Derivatives$2,868
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,272
Total interest expense $1,141
Net interest income $5,131
Provision for loan and lease losses $1,100
Total noninterest income $868
Fiduciary activities $0
Service charges on deposit accounts $148
Trading account gains & fees $0
Additional noninterest income $720
Total noninterest expense $4,130
Salaries and employee benefits $2,158
Premises and equipment expense $441
Additional noninterest expense $1,531
Pre-tax net operating income $769
Securities gains (losses) $0
Applicable income taxes $247
Income before extraordinary items $522
Extraordinary gains - net $0
Net income attributable to bank $522
Net charge-offs $0
Cash dividends $522
Sale, conversion, retirement of capital stock, net $664
Net operating income $297
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.36%
Cost of funding earning assets 0.97%
Net interest margin 4.38%
Noninterest income to earning assets 0.74%
Noninterest expense to earning assets 3.53%
Net operating income to assets 0.38%
Return on assets (ROA) 0.38%
Pretax return on assets 0.55%
Return on equity (ROE) 3.15%
Retained earnings to average equity (YTD only) 1.36%
Net charge-offs to loans 0.68%
Credit loss provision to net charge-offs 165.66%
Efficiency ratio2.81%
Assets per employee$68,845
Cash dividends to net income (YTD only)2.99%
Condition Ratios (%)
Loss allowance to loans 56.90%
Loss allowance to noncurrent loans 2.11%
Noncurrent assets plus other real estate owned to assets 142.91%
Noncurrent loans to loans 1.38%
Net loans and leases to deposits1.48%
Net loans and leases to core deposits 80.27%
Equity capital to assets 85.35%
Core capital (leverage) ratio 12.18%
Tier 1 risk-based capital ratio 12.02%
Total risk-based capital ratio 17.85%
Memoranda
Average assets$19
Average earning assets$138,708
Average equity $16,564
Average loans $117,094
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6 Michigan Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
07278The Peninsula Bank Of Ishpeming100 South Main Street, Ishpeming, MI 49849October 27, 1887Full Service Brick and Mortar
1224509Pen West BranchDaisy Street And U. S. 41, Ishpeming Township, MI 49849Febuary 15, 1968Full Service Brick and Mortar
2224510Pen North Branch900 U.S. 41 West, Ishpeming, MI 49849May 10, 1993Full Service Brick and Mortar
3224511Negaunee Branch440 U.S. 41 East, Negaunee, MI 49866September 29, 1997Full Service Brick and Mortar
4361362Marquette Branch102 N Front Street, Marquette, MI 49855June 30, 2001Full Service Brick and Mortar
5364836Medical Center Branch1414 W. Fair Ave., Marquette, MI 49855November 26, 2001Limited Service Facility
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