Traverse City State Bank in Traverse City, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Traverse City State Bank in Traverse City, Michigan (MI)
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Traverse City State Bank - Overview

  • General
  • FDIC Certificate #: 35350
    Status: Active
    Federal Reserve ID: 2846444
    Bank Holding Company (Regulatory Top Holder): Tcsb Bancorp, Inc. (RSSDID: 3075296, Location: Traverse City, MI)
    Date Established: July 06, 2000
    WWW: http://www.tcsb.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 78811
    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: July 06, 2000
    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: 310 West Front Street, Suite 100, Traverse City, MI 49684
    County: Grand Traverse
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Grand Rapids
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Traverse City, MI (#45900)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $184.1 mil
    Equity capital: $20.2 mil
    Deposits held in domestic offices: $153.2 mil
    Return on assets (ROA): 0.27% ($0.5 mil)
    Quarterly return on assets: 0.01% ($0.0 mil)
    Return on Equity (ROE): 2.65% ($0.5 mil)
    Quarterly return on equity: 0.14% ($0.0 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.36% ($662.9 mil)
    Quarterly Pretax return on assets: -0.03% (-$55.2 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
  • 69Total employees (full-time equivalent)
  • $184,128Total assets
  • $19,666Cash and due from depository institutions
  • $16,384Interest-bearing balances
  • $16,778Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $134,385Net loans & leases
  • $2,304Loan loss allowance
  • $0Trading account assets
  • $1,257Bank premises and fixed assets
  • $3,872Other real estate owned
  • $4,012Goodwill and other intangibles
  • $184,128Life insurance assets
  • $4,158All other assets
  • $163,945Total liabilities and capital
  • $153,183Total liabilities
  • $101,804Total deposits
  • $153,183Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 5000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,500Trading liabilities
  • $1,745Other borrowed funds
  • $517Subordinated debt
  • $20,183All other liabilities
  • $20,183Total equity capital
  • $20,183Total bank equity capital
  • $0Perpetual preferred stock
  • $3,000Common stock
  • $18,990Surplus
  • $-1,807Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,343Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,538Income earned, not collected on loans
  • $0Earning assets
  • $576Long-term assets (5+ years)
  • $167,547Average Assets, year-to-date
  • $18,483Average Assets, quarterly
  • $183,187Volatile liabilities
  • $186,861Insider loans
  • $138,415FHLB advances
  • $179,522Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,872Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,548Restructured Loans and leases
  • $2,594Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,499Total interest income
  • $1,899Total interest expense
  • $6,600Net interest income
  • $805Provision for loan and lease losses
  • $2,252Total noninterest income
  • $0Fiduciary activities
  • $408Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,844Additional noninterest income
  • $7,263Total noninterest expense
  • $3,878Salaries and employee benefits
  • $725Premises and equipment expense
  • $2,660Additional noninterest expense
  • $784Pre-tax net operating income
  • -$121Securities gains (losses)
  • $163Applicable income taxes
  • $500Income before extraordinary items
  • $0Extraordinary gains - net
  • $500Net income attributable to bank
  • $0Net charge-offs
  • $500Cash dividends
  • $2,081Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.10%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 3.96%Net interest margin
  • 1.35%Noninterest income to earning assets
  • 4.36%Noninterest expense to earning assets
  • 0.32%Net operating income to assets
  • 0.27%Return on assets (ROA)
  • 0.36%Pretax return on assets
  • 2.65%Return on equity (ROE)
  • 2.65%Retained earnings to average equity (YTD only)
  • 1.56%Net charge-offs to loans
  • 38.68%Credit loss provision to net charge-offs
  • 0.76%Efficiency ratio
  • 82,049Assets per employee
  • 2.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.69%Loss allowance to noncurrent loans
  • 41.60%Noncurrent assets plus other real estate owned to assets
  • 5.11%Noncurrent loans to loans
  • 4.05%Net loans and leases to deposits
  • 87.73%Net loans and leases to core deposits
  • 94.75%Equity capital to assets
  • 10.96%Core capital (leverage) ratio
  • 8.84%Tier 1 risk-based capital ratio
  • 11.47%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $183,187Average earning assets
  • $18,859Average equity
  • $166,546Average loans

List of branches

  • 4 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    078811Traverse City State Bank310 West Front Street, Suite 100, Traverse City, MI 49684July 06, 2000Full Service Brick and Mortar
    1362279Suttons Bay Branch93 West Fourth Street, Suite D, Suttons Bay, MI 49682September 10, 2001Full Service Brick and Mortar
    2363887Garfield Avenue Branch1239 South Garfield Avenue, Traverse City, MI 49686May 06, 2002Full Service Brick and Mortar
    3445558Copper Ridge Branch4011 Eastern Sky Drive, Traverse City, MI 49684October 25, 2005Full Service Brick and Mortar

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