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


The State Bank of Ewen - Overview

  • General
  • FDIC Certificate #: 1091
    Status: Active
    Federal Reserve ID: 240459
    Bank Holding Company (Regulatory Top Holder): Ewen Bancshares, Inc. (RSSDID: 2561840, Location: Ewen, MI)
    Date Established: October 01, 1914
    WWW: http://www.ewenbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 11533
    FDIC's unique #: 736
    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: Other Specialized Lending < 1 Billion
    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
  • Location
  • Address: 207 Cedar Street, Ewen, MI 49925
    County: Ontonagon
    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
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $51.8 mil
    Equity capital: $9.1 mil
    Deposits held in domestic offices: $40.5 mil
    Return on assets (ROA): 1.12% ($0.6 mil)
    Quarterly return on assets: 0.96% ($0.5 mil)
    Return on Equity (ROE): 6.21% ($0.6 mil)
    Quarterly return on equity: 5.39% ($0.5 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.12% ($580.5 mil)
    Quarterly Pretax return on assets: 0.73% ($378.3 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
  • 11Total employees (full-time equivalent)
  • $51,828Total assets
  • $4,199Cash and due from depository institutions
  • $2,787Interest-bearing balances
  • $22,672Securities
  • $3,500Federal funds sold & reverse repurchase agreements
  • $20,134Net loans & leases
  • $591Loan loss allowance
  • $0Trading account assets
  • $476Bank premises and fixed assets
  • $125Other real estate owned
  • $0Goodwill and other intangibles
  • $51,828Life insurance assets
  • $722All other assets
  • $42,746Total liabilities and capital
  • $40,503Total liabilities
  • $36,878Total deposits
  • $40,503Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $243Subordinated debt
  • $9,082All other liabilities
  • $9,082Total equity capital
  • $9,082Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $2,800Surplus
  • $6,082Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $702Income earned, not collected on loans
  • $0Earning assets
  • $329Long-term assets (5+ years)
  • $49,093Average Assets, year-to-date
  • $18,426Average Assets, quarterly
  • $49,257Volatile liabilities
  • $51,143Insider loans
  • $23,807FHLB advances
  • $50,792Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,534Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $224Restructured Loans and leases
  • $21Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,531Total interest income
  • $521Total interest expense
  • $2,010Net interest income
  • $260Provision for loan and lease losses
  • $82Total noninterest income
  • $0Fiduciary activities
  • $15Service charges on deposit accounts
  • $0Trading account gains & fees
  • $67Additional noninterest income
  • $1,286Total noninterest expense
  • $581Salaries and employee benefits
  • $128Premises and equipment expense
  • $577Additional noninterest expense
  • $546Pre-tax net operating income
  • $4Securities gains (losses)
  • -$1Applicable income taxes
  • $551Income before extraordinary items
  • $0Extraordinary gains - net
  • $551Net income attributable to bank
  • $0Net charge-offs
  • $551Cash dividends
  • $330Sale, conversion, retirement of capital stock, net
  • $325Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.42%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 4.31%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 2.75%Noninterest expense to earning assets
  • 1.11%Net operating income to assets
  • 1.12%Return on assets (ROA)
  • 1.12%Pretax return on assets
  • 6.21%Return on equity (ROE)
  • 2.55%Retained earnings to average equity (YTD only)
  • 1.55%Net charge-offs to loans
  • 78.79%Credit loss provision to net charge-offs
  • 2.44%Efficiency ratio
  • 61,472Assets per employee
  • 4.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.98%Loss allowance to loans
  • 2.85%Loss allowance to noncurrent loans
  • 84.19%Noncurrent assets plus other real estate owned to assets
  • 1.63%Noncurrent loans to loans
  • 3.39%Net loans and leases to deposits
  • 49.71%Net loans and leases to core deposits
  • 53.69%Equity capital to assets
  • 17.52%Core capital (leverage) ratio
  • 16.80%Tier 1 risk-based capital ratio
  • 35.85%Total risk-based capital ratio
  • Memoranda
  • $37Average assets
  • $49,257Average earning assets
  • $8,870Average equity
  • $46,682Average loans

List of branches

  • 2 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0736The State Bank Of Ewen207 Cedar Street, Ewen, MI 49925October 01, 1914Full Service Brick and Mortar
    1187893Bergland BranchM 28 West, Bergland, MI 49910March 18, 1996Full Service Brick and Mortar

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