Tri-County Bank in Brown City, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Tri-County Bank in Brown City, Michigan (MI)
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Tri-County Bank - Overview

  • General
  • FDIC Certificate #: 977
    Status: Active
    Federal Reserve ID: 695349
    Bank Holding Company (Regulatory Top Holder): Tri-County Bancorp, Inc. (RSSDID: 1969506, Location: Brown City, MI)
    Date Established: May 29, 1889
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 14326
    FDIC's unique #: 643
    Numeric code: 13
    Regulator: FED
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    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: 4222 Main Street, Brown City, MI 48416
    County: Sanilac
    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: $205.3 mil
    Equity capital: $20.1 mil
    Deposits held in domestic offices: $182.2 mil
    Return on assets (ROA): 0.52% ($1.1 mil)
    Quarterly return on assets: 0.73% ($1.5 mil)
    Return on Equity (ROE): 5.45% ($1.1 mil)
    Quarterly return on equity: 7.49% ($1.5 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.60% ($1,231.9 mil)
    Quarterly Pretax return on assets: 0.85% ($1,745.2 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
  • 66Total employees (full-time equivalent)
  • $205,317Total assets
  • $14,743Cash and due from depository institutions
  • $9,705Interest-bearing balances
  • $54,621Securities
  • $278Federal funds sold & reverse repurchase agreements
  • $126,050Net loans & leases
  • $1,863Loan loss allowance
  • $0Trading account assets
  • $2,993Bank premises and fixed assets
  • $2,477Other real estate owned
  • $1,285Goodwill and other intangibles
  • $205,317Life insurance assets
  • $2,870All other assets
  • $185,220Total liabilities and capital
  • $182,222Total liabilities
  • $135,186Total deposits
  • $182,222Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $998Subordinated debt
  • $20,097All other liabilities
  • $20,097Total equity capital
  • $20,097Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $9,500Surplus
  • $10,097Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $256Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $757Income earned, not collected on loans
  • $0Earning assets
  • $1,128Long-term assets (5+ years)
  • $190,654Average Assets, year-to-date
  • $35,050Average Assets, quarterly
  • $201,963Volatile liabilities
  • $204,788Insider loans
  • $125,814FHLB advances
  • $204,401Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $18,979Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,068Restructured Loans and leases
  • $1,114Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,198Total interest income
  • $1,753Total interest expense
  • $7,445Net interest income
  • $678Provision for loan and lease losses
  • $295Total noninterest income
  • $0Fiduciary activities
  • $524Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$229Additional noninterest income
  • $6,281Total noninterest expense
  • $3,515Salaries and employee benefits
  • $688Premises and equipment expense
  • $2,078Additional noninterest expense
  • $781Pre-tax net operating income
  • $439Securities gains (losses)
  • $160Applicable income taxes
  • $1,060Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,060Net income attributable to bank
  • $0Net charge-offs
  • $1,060Cash dividends
  • $713Sale, conversion, retirement of capital stock, net
  • $75Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.93%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 3.99%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 3.37%Noninterest expense to earning assets
  • 0.34%Net operating income to assets
  • 0.52%Return on assets (ROA)
  • 0.60%Pretax return on assets
  • 5.45%Return on equity (ROE)
  • 5.07%Retained earnings to average equity (YTD only)
  • 0.57%Net charge-offs to loans
  • 95.09%Credit loss provision to net charge-offs
  • 2.05%Efficiency ratio
  • 81,150Assets per employee
  • 3.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 7.08%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 246.10%Noncurrent assets plus other real estate owned to assets
  • 1.58%Noncurrent loans to loans
  • 0.59%Net loans and leases to deposits
  • 69.17%Net loans and leases to core deposits
  • 71.47%Equity capital to assets
  • 9.79%Core capital (leverage) ratio
  • 9.29%Tier 1 risk-based capital ratio
  • 15.08%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $201,963Average earning assets
  • $19,442Average equity
  • $186,553Average loans

List of branches

  • 9 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0643Tri-County Bank4222 Main Street, Brown City, MI 48416May 29, 1889Full Service Brick and Mortar
    1186810Imlay City Branch6730 Newark Road, Imlay City, MI 48444May 09, 1988Full Service Brick and Mortar
    2186811Almont Branch4511 Van Dyke Road, Almont, MI 48003March 03, 1993Full Service Brick and Mortar
    4186813North Branch Branch6681 Bernie Kohler Drive, North Branch, MI 48461June 29, 1995Limited Service Retail
    5228519Peck Branch2 East Lapeer Road, Peck, MI 48466November 01, 1961Full Service Brick and Mortar
    6206686Yale Branch7514 South Brockway Road, Yale, MI 48097December 18, 1995Full Service Brick and Mortar
    7364624Marlette Branch3482 South Main Street, Marlette, MI 48453July 05, 2001Full Service Brick and Mortar
    8419721Ben's Supermarket Branch4436 Main Street, Brown City, MI 48416December 02, 2002Limited Service Facility
    9430083North Branch Office Branch6681 Bernie Kohler Drive, North Branch, MI 48461May 24, 2004Full Service Brick and Mortar

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