United Bank of Michigan in Grand Rapids, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • United Bank of Michigan in Grand Rapids, Michigan (MI)
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United Bank of Michigan - Overview

  • General
  • FDIC Certificate #: 11807
    Status: Active
    Federal Reserve ID: 150044
    Bank Holding Company (Regulatory Top Holder): United Community Financial Corporation (RSSDID: 1207392, Location: Grand Rapids, MI)
    Date Established: January 01, 1903
    WWW: http://www.unitedbankofmichigan.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Domestic: 11, Interstate: No)
    OTS Docket #: 13019
    FDIC's unique #: 7552
    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 02, 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: 900 East Paris Avenue, S.E., Grand Rapids, MI 49546
    County: Kent
    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
    Metropolitan Statistical Area (MSA): Grand Rapids-Muskegon-Holland, MI (#3000)
    Combined Statistical Area (CSA): Grand Rapids-Muskegon-Holland, MI (#266)
    Core Based Statistical Area (CBSA): Grand Rapids-Wyoming, MI (#24340)
    CBSA Metro Statistical Area: Grand Rapids-Wyoming, MI (#24340)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $458.0 mil
    Equity capital: $42.1 mil
    Deposits held in domestic offices: $375.9 mil
    Return on assets (ROA): 0.70% ($3.2 mil)
    Quarterly return on assets: 0.97% ($4.4 mil)
    Return on Equity (ROE): 7.47% ($3.1 mil)
    Quarterly return on equity: 10.52% ($4.4 mil)
    Net income: $3.1 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 1.00% ($4,579.9 mil)
    Quarterly Pretax return on assets: 1.37% ($6,274.4 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
  • 116Total employees (full-time equivalent)
  • $457,989Total assets
  • $43,756Cash and due from depository institutions
  • $17,401Interest-bearing balances
  • $2,415Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $368,182Net loans & leases
  • $5,378Loan loss allowance
  • $0Trading account assets
  • $12,054Bank premises and fixed assets
  • $8,859Other real estate owned
  • $1,973Goodwill and other intangibles
  • $457,989Life insurance assets
  • $20,750All other assets
  • $415,872Total liabilities and capital
  • $375,894Total liabilities
  • $299,321Total deposits
  • $375,894Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $36,000Trading liabilities
  • $0Other borrowed funds
  • $3,978Subordinated debt
  • $42,117All other liabilities
  • $42,117Total equity capital
  • $42,117Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $19,000Surplus
  • $21,117Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,130Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,703Income earned, not collected on loans
  • $547Earning assets
  • $2,025Long-term assets (5+ years)
  • $387,998Average Assets, year-to-date
  • $88,890Average Assets, quarterly
  • $438,263Volatile liabilities
  • $451,977Insider loans
  • $373,381FHLB advances
  • $442,618Loans and leases held for sale
  • $11,495Unused loan commitments
  • $6,805Tier 1 (core) risk-based capital
  • $41,460Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,690Total unused commitments
  • $32,324Restructured Loans and leases
  • $1,000Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $22,623Total interest income
  • $5,030Total interest expense
  • $17,593Net interest income
  • $2,080Provision for loan and lease losses
  • $4,970Total noninterest income
  • $0Fiduciary activities
  • $806Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,164Additional noninterest income
  • $16,170Total noninterest expense
  • $8,689Salaries and employee benefits
  • $2,318Premises and equipment expense
  • $5,163Additional noninterest expense
  • $4,313Pre-tax net operating income
  • $67Securities gains (losses)
  • $1,309Applicable income taxes
  • $3,071Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,071Net income attributable to bank
  • $0Net charge-offs
  • $3,071Cash dividends
  • $1,973Sale, conversion, retirement of capital stock, net
  • $1,200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.96%Yield on earning assets
  • 1.33%Cost of funding earning assets
  • 4.64%Net interest margin
  • 1.31%Noninterest income to earning assets
  • 4.26%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 7.47%Return on equity (ROE)
  • 4.55%Retained earnings to average equity (YTD only)
  • 0.53%Net charge-offs to loans
  • 105.42%Credit loss provision to net charge-offs
  • 3.24%Efficiency ratio
  • 71,666Assets per employee
  • 3.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.08%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 94.30%Noncurrent assets plus other real estate owned to assets
  • 3.18%Noncurrent loans to loans
  • 1.53%Net loans and leases to deposits
  • 97.95%Net loans and leases to core deposits
  • 102.54%Equity capital to assets
  • 9.20%Core capital (leverage) ratio
  • 9.37%Tier 1 risk-based capital ratio
  • 11.10%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $438,263Average earning assets
  • $41,084Average equity
  • $379,278Average loans

List of branches

  • 11 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07552United Bank Of Michigan900 East Paris Avenue, S.E., Grand Rapids, MI 49546January 01, 1903Full Service Brick and Mortar
    1225632Dorr Branch1796 142nd Avenue, Dorr, MI 49323May 01, 1963Full Service Brick and Mortar
    2225633Hopkins Branch102 West Main Street, Hopkins, MI 49328October 24, 1955Full Service Brick and Mortar
    4225635Clarksville Branch132 South Main Street, Clarksville, MI 48815October 02, 1961Full Service Brick and Mortar
    6225637Wayland Branch1131 West Superior Street, Wayland, MI 49348Febuary 14, 1978Full Service Brick and Mortar
    7225638Gun Lake Branch2404 Patterson Road, Shelbyville, MI 49344January 07, 1980Full Service Brick and Mortar
    14225645Cascade Village Branch6801 Cascade Road, Grand Rapids, MI 49546August 18, 1997Full Service Brick and Mortar
    16225647East Grand Rapids Branch2137 Wealthy Street, East Grand Rapids, MI 49506May 03, 1999Full Service Brick and Mortar
    17364629Rockford Branch155 Marcel Drive Ne, Rockford, MI 49341August 19, 2002Full Service Brick and Mortar
    18452212Caledonia Branch8540 Broadmoor Avenue Se, Caledonia, MI 49316June 27, 2006Full Service Brick and Mortar
    19466300Byron Center Office Branch8301 Byron Center Ave, Byron Center, MI 49315March 15, 2007Full Service Brick and Mortar

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