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


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

  • General
  • FDIC Certificate #: 11406
    Status: Active
    Federal Reserve ID: 602048
    Bank Holding Company (Regulatory Top Holder): Fentura Financial, Inc. (RSSDID: 1248818, Location: Fenton, MI)
    Date Established: January 01, 1898
    WWW: http://www.thestatebank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 12118
    FDIC's unique #: 7282
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 28, 2011
    Last Structure Change Process Date: March 08, 2011
    Last Data Update: March 08, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 175 N. Leroy St., Fenton, MI 48430
    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: $293.3 mil
    Equity capital: $23.8 mil
    Deposits held in domestic offices: $266.7 mil
    Return on assets (ROA): -0.22% (-$0.6 mil)
    Quarterly return on assets: -0.84% (-$2.5 mil)
    Return on Equity (ROE): -2.88% (-$0.7 mil)
    Quarterly return on equity: -10.29% (-$2.5 mil)
    Net income: -$0.6 mil
    Quarterly Net income: -$0.6 mil
    Pretax return on assets: -0.16% (-$469.3 mil)
    Quarterly Pretax return on assets: -0.39% (-$1,143.9 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
  • 119Total employees (full-time equivalent)
  • $293,317Total assets
  • $18,817Cash and due from depository institutions
  • $14,402Interest-bearing balances
  • $60,579Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $193,620Net loans & leases
  • $8,133Loan loss allowance
  • $0Trading account assets
  • $10,116Bank premises and fixed assets
  • $1,564Other real estate owned
  • $0Goodwill and other intangibles
  • $293,317Life insurance assets
  • $8,621All other assets
  • $269,540Total liabilities and capital
  • $266,679Total liabilities
  • $203,168Total deposits
  • $266,679Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $923Trading liabilities
  • $0Other borrowed funds
  • $1,938Subordinated debt
  • $23,777All other liabilities
  • $23,777Total equity capital
  • $23,777Total bank equity capital
  • $0Perpetual preferred stock
  • $2,199Common stock
  • $24,821Surplus
  • $-3,243Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $123Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,826Income earned, not collected on loans
  • $443Earning assets
  • $883Long-term assets (5+ years)
  • $268,601Average Assets, year-to-date
  • $82,181Average Assets, quarterly
  • $299,037Volatile liabilities
  • $297,293Insider loans
  • $214,572FHLB advances
  • $291,341Loans and leases held for sale
  • $5,941Unused loan commitments
  • $5,941Tier 1 (core) risk-based capital
  • $23,700Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $33,812Restructured Loans and leases
  • $3,383Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,150Total interest income
  • $2,545Total interest expense
  • $10,605Net interest income
  • $3,110Provision for loan and lease losses
  • $5,011Total noninterest income
  • $508Fiduciary activities
  • $1,202Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,301Additional noninterest income
  • $12,977Total noninterest expense
  • $6,763Salaries and employee benefits
  • $2,153Premises and equipment expense
  • $4,061Additional noninterest expense
  • -$471Pre-tax net operating income
  • $5Securities gains (losses)
  • $181Applicable income taxes
  • -$647Income before extraordinary items
  • $0Extraordinary gains - net
  • -$647Net income attributable to bank
  • $0Net charge-offs
  • -$647Cash dividends
  • $5,004Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.85%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 3.91%Net interest margin
  • 1.85%Noninterest income to earning assets
  • 4.78%Noninterest expense to earning assets
  • -0.22%Net operating income to assets
  • -0.22%Return on assets (ROA)
  • -0.16%Pretax return on assets
  • -2.88%Return on equity (ROE)
  • -2.88%Retained earnings to average equity (YTD only)
  • 2.47%Net charge-offs to loans
  • 62.15%Credit loss provision to net charge-offs
  • 0.53%Efficiency ratio
  • 83,101Assets per employee
  • 2.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.03%Loss allowance to noncurrent loans
  • 58.82%Noncurrent assets plus other real estate owned to assets
  • 5.25%Noncurrent loans to loans
  • 6.85%Net loans and leases to deposits
  • 72.60%Net loans and leases to core deposits
  • 78.35%Equity capital to assets
  • 8.11%Core capital (leverage) ratio
  • 8.13%Tier 1 risk-based capital ratio
  • 11.05%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $299,037Average earning assets
  • $22,479Average equity
  • $271,269Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $78,048Managed Assets
  • 1Number of Accounts
  • $77,125Personal trust and agency accounts
  • $21,262Employee benefit-defined contribution accounts
  • $1,061Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $9,742Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $45,060Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 140Number of Accounts
  • $0Personal trust and agency accounts
  • $9,742Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $923Other retirement accounts
  • $916Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $7Fiduciary accounts held in foreign offices

List of branches

  • 9 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07282The State Bank175 N. Leroy St., Fenton, MI 48430January 01, 1898Full Service Brick and Mortar
    2224589Linden Branch107 North Main Street, Linden, MI 48451Febuary 20, 1954Full Service Brick and Mortar
    4224591Grange Hall Road Branch4043 Grange Hall Road, Village Of Holly, MI 48442November 23, 1987Full Service Brick and Mortar
    7224594Silver Parkway Branch18005 Silver Parkway, Fenton, MI 48430June 19, 1996Full Service Retail
    11363776Saginaw St. Grand Blanc7606 South Saginaw Street, Grand Blanc, MI 48439December 31, 2001Full Service Brick and Mortar
    1236379315095 Silver Parkway Branch15095 Silver Parkway, Fenton, MI 48430Febuary 18, 2002Full Service Brick and Mortar
    14453119Grand Blanc North Branch1401 Hill Road, Grand Blanc, MI 48439April 17, 2006Full Service Brick and Mortar
    15479126Brighton Branch134 N First Street, Brighton, MI 48116March 15, 2008Full Service Brick and Mortar
    16517913Fenton Mi Loan Facility101 North Leroy Street, Fenton, MI 48430December 30, 1999Limited Service Loan Production

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