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


  • The Port Austin State Bank in Port Austin, Michigan (MI)
  • Show street view No street view available for this location

The Port Austin State Bank - Overview

  • General
  • FDIC Certificate #: 14999
    Status: Active
    Federal Reserve ID: 779641
    Date Established: January 01, 1884
    WWW: http://www.portaustinbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 16104
    FDIC's unique #: 9401
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 22, 1935
    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
  • Location
  • Address: 62 East State Street, Port Austin, MI 48467
    County: Huron
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $41.9 mil
    Equity capital: $7.7 mil
    Deposits held in domestic offices: $33.7 mil
    Return on assets (ROA): 1.59% ($0.7 mil)
    Quarterly return on assets: 1.78% ($0.7 mil)
    Return on Equity (ROE): 9.09% ($0.7 mil)
    Quarterly return on equity: 9.67% ($0.8 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.59% ($666.8 mil)
    Quarterly Pretax return on assets: 1.78% ($746.4 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
  • 9Total employees (full-time equivalent)
  • $41,935Total assets
  • $2,016Cash and due from depository institutions
  • $1,038Interest-bearing balances
  • $4,114Securities
  • $1,583Federal funds sold & reverse repurchase agreements
  • $32,011Net loans & leases
  • $358Loan loss allowance
  • $0Trading account assets
  • $415Bank premises and fixed assets
  • $282Other real estate owned
  • $0Goodwill and other intangibles
  • $41,935Life insurance assets
  • $1,514All other assets
  • $34,263Total liabilities and capital
  • $33,694Total liabilities
  • $28,449Total deposits
  • $33,694Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $500Trading liabilities
  • $0Other borrowed funds
  • $69Subordinated debt
  • $7,672All other liabilities
  • $7,672Total equity capital
  • $7,672Total bank equity capital
  • $0Perpetual preferred stock
  • $330Common stock
  • $2,300Surplus
  • $5,042Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $82Income earned, not collected on loans
  • $0Earning assets
  • $166Long-term assets (5+ years)
  • $38,746Average Assets, year-to-date
  • $8,269Average Assets, quarterly
  • $42,817Volatile liabilities
  • $41,521Insider loans
  • $27,098FHLB advances
  • $42,629Loans and leases held for sale
  • $1,034Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,560Tier 2 risk-based capital
  • $1,034Total risk weighted assets
  • $0Total unused commitments
  • $1,155Restructured Loans and leases
  • $599Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,930Total interest income
  • $400Total interest expense
  • $1,530Net interest income
  • -$9Provision for loan and lease losses
  • $48Total noninterest income
  • $0Fiduciary activities
  • $53Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$5Additional noninterest income
  • $905Total noninterest expense
  • $513Salaries and employee benefits
  • $68Premises and equipment expense
  • $324Additional noninterest expense
  • $682Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $682Income before extraordinary items
  • $0Extraordinary gains - net
  • $682Net income attributable to bank
  • $0Net charge-offs
  • $682Cash dividends
  • $5Sale, conversion, retirement of capital stock, net
  • $363Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.86%Yield on earning assets
  • 1.01%Cost of funding earning assets
  • 3.85%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 2.28%Noninterest expense to earning assets
  • 1.59%Net operating income to assets
  • 1.59%Return on assets (ROA)
  • 1.59%Pretax return on assets
  • 9.09%Return on equity (ROE)
  • 4.25%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • -180.00%Credit loss provision to net charge-offs
  • 134.60%Efficiency ratio
  • 57,351Assets per employee
  • 4.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.23%Loss allowance to loans
  • 1.11%Loss allowance to noncurrent loans
  • 436.59%Noncurrent assets plus other real estate owned to assets
  • 0.87%Noncurrent loans to loans
  • 0.25%Net loans and leases to deposits
  • 95.01%Net loans and leases to core deposits
  • 98.93%Equity capital to assets
  • 18.29%Core capital (leverage) ratio
  • 17.73%Tier 1 risk-based capital ratio
  • 27.90%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $42,817Average earning assets
  • $7,505Average equity
  • $39,730Average loans

List of branches

  • 1 Michigan Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09401The Port Austin State Bank62 East State Street, Port Austin, MI 48467January 01, 1884Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Port Austin State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents