Thumb National Bank and Trust Company in Pigeon, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Thumb National Bank and Trust Company in Pigeon, Michigan (MI)
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Thumb National Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 14513
    Status: Active
    Federal Reserve ID: 698649
    Bank Holding Company (Regulatory Top Holder): Thumb National Bank And Trust Company Employee Stock Ownership Plan And Trust (RSSDID: 2972530, Location: Pigeon, MI)
    Date Established: January 01, 1895
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 13140
    FDIC's unique #: 9068
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: June 14, 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: 7254 Michigan Avenue, Pigeon, MI 48755
    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: $215.4 mil
    Equity capital: $18.4 mil
    Deposits held in domestic offices: $188.3 mil
    Return on assets (ROA): 0.60% ($1.3 mil)
    Quarterly return on assets: 0.87% ($1.9 mil)
    Return on Equity (ROE): 7.51% ($1.4 mil)
    Quarterly return on equity: 10.11% ($1.8 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.61% ($1,314.2 mil)
    Quarterly Pretax return on assets: 0.87% ($1,874.3 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
  • 62Total employees (full-time equivalent)
  • $215,436Total assets
  • $18,280Cash and due from depository institutions
  • $16,625Interest-bearing balances
  • $36,841Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $148,290Net loans & leases
  • $2,872Loan loss allowance
  • $0Trading account assets
  • $6,522Bank premises and fixed assets
  • $363Other real estate owned
  • $139Goodwill and other intangibles
  • $215,436Life insurance assets
  • $5,001All other assets
  • $197,083Total liabilities and capital
  • $188,301Total liabilities
  • $147,180Total deposits
  • $188,301Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,292Trading liabilities
  • $0Other borrowed funds
  • $490Subordinated debt
  • $18,353All other liabilities
  • $18,353Total equity capital
  • $18,353Total bank equity capital
  • $0Perpetual preferred stock
  • $526Common stock
  • $4,620Surplus
  • $13,207Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,247Income earned, not collected on loans
  • $0Earning assets
  • $1,507Long-term assets (5+ years)
  • $201,756Average Assets, year-to-date
  • $53,768Average Assets, quarterly
  • $214,477Volatile liabilities
  • $211,403Insider loans
  • $147,989FHLB advances
  • $209,112Loans and leases held for sale
  • $1,353Unused loan commitments
  • $1,353Tier 1 (core) risk-based capital
  • $17,159Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,106Restructured Loans and leases
  • $3,477Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,682Total interest income
  • $2,286Total interest expense
  • $8,396Net interest income
  • $925Provision for loan and lease losses
  • $1,404Total noninterest income
  • $481Fiduciary activities
  • $357Service charges on deposit accounts
  • $0Trading account gains & fees
  • $566Additional noninterest income
  • $7,585Total noninterest expense
  • $4,301Salaries and employee benefits
  • $1,048Premises and equipment expense
  • $2,236Additional noninterest expense
  • $1,290Pre-tax net operating income
  • $10Securities gains (losses)
  • $4Applicable income taxes
  • $1,296Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,296Net income attributable to bank
  • $0Net charge-offs
  • $1,296Cash dividends
  • $1,043Sale, conversion, retirement of capital stock, net
  • $526Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.34%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 4.20%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 3.79%Noninterest expense to earning assets
  • 0.60%Net operating income to assets
  • 0.60%Return on assets (ROA)
  • 0.61%Pretax return on assets
  • 7.51%Return on equity (ROE)
  • 4.46%Retained earnings to average equity (YTD only)
  • 0.69%Net charge-offs to loans
  • 88.69%Credit loss provision to net charge-offs
  • 2.12%Efficiency ratio
  • 77,398Assets per employee
  • 3.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.59%Loss allowance to loans
  • 1.90%Loss allowance to noncurrent loans
  • 67.62%Noncurrent assets plus other real estate owned to assets
  • 2.14%Noncurrent loans to loans
  • 2.81%Net loans and leases to deposits
  • 78.75%Net loans and leases to core deposits
  • 84.03%Equity capital to assets
  • 8.52%Core capital (leverage) ratio
  • 8.21%Tier 1 risk-based capital ratio
  • 11.59%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $214,477Average earning assets
  • $17,261Average equity
  • $200,100Average 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
  • $75,482Managed Assets
  • 1Number of Accounts
  • $10,187Personal trust and agency accounts
  • $3,905Employee benefit-defined contribution accounts
  • $1,414Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $4,868Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 466Number of Accounts
  • $0Personal trust and agency accounts
  • $4,868Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $65,295Other retirement accounts
  • $1,227Corporate trust and agency accounts
  • $43,779Other fiduciary accounts
  • $11,902Fiduciary accounts held in foreign offices

List of branches

  • 5 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09068Thumb National Bank And Trust Compan7254 Michigan Avenue, Pigeon, MI 48755January 01, 1895Full Service Brick and Mortar
    1231593Cass City Road Branch6128 East Cass City Road, Elkland Township, MI 48726September 11, 1978Full Service Brick and Mortar
    2231594Caseville Branch7100 Main Street, Caseville, MI 48725June 20, 1989Full Service Brick and Mortar
    3419287Bay City-Wilder Road Branch2985 East Wilder Road, Bay City, MI 48706June 11, 2003Full Service Brick and Mortar
    4465509Bay City-Center Road Office Branch708 Center Ave, Suite 1, Bay City, MI 48708June 30, 2007Full Service Brick and Mortar

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