Upper Peninsula State Bank in Escanaba, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


Upper Peninsula State Bank - Overview

  • General
  • FDIC Certificate #: 1090
    Status: Active
    Federal Reserve ID: 236957
    Bank Holding Company (Regulatory Top Holder): S.B.e. Corp. (RSSDID: 1129159, Location: Escanaba, MI)
    Date Established: January 01, 1902
    WWW: http://www.upstatebank.net
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 735
    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 01, 1934
    Last Structure Change Effective Date: September 28, 2009
    Last Structure Change Process Date: Febuary 10, 2010
    Last Data Update: Febuary 10, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 430 North Lincoln Road, Escanaba, MI 49829
    County: Delta
    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
    Core Based Statistical Area (CBSA): Escanaba, MI (#21540)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $191.3 mil
    Equity capital: $27.5 mil
    Deposits held in domestic offices: $154.5 mil
    Return on assets (ROA): 1.16% ($2.2 mil)
    Quarterly return on assets: 1.14% ($2.2 mil)
    Return on Equity (ROE): 8.01% ($2.2 mil)
    Quarterly return on equity: 7.70% ($2.1 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.52% ($2,907.3 mil)
    Quarterly Pretax return on assets: 1.43% ($2,735.1 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
  • 33Total employees (full-time equivalent)
  • $191,267Total assets
  • $16,626Cash and due from depository institutions
  • $10,009Interest-bearing balances
  • $62,208Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $100,829Net loans & leases
  • $2,441Loan loss allowance
  • $0Trading account assets
  • $7,744Bank premises and fixed assets
  • $1,122Other real estate owned
  • $19Goodwill and other intangibles
  • $191,267Life insurance assets
  • $2,719All other assets
  • $163,806Total liabilities and capital
  • $154,532Total liabilities
  • $142,696Total deposits
  • $154,532Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 5000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $1,274Subordinated debt
  • $27,461All other liabilities
  • $27,461Total equity capital
  • $27,461Total bank equity capital
  • $0Perpetual preferred stock
  • $544Common stock
  • $11,456Surplus
  • $15,461Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,431Income earned, not collected on loans
  • $0Earning assets
  • $851Long-term assets (5+ years)
  • $173,046Average Assets, year-to-date
  • $42,090Average Assets, quarterly
  • $188,219Volatile liabilities
  • $188,163Insider loans
  • $122,333FHLB advances
  • $194,484Loans and leases held for sale
  • $527Unused loan commitments
  • $527Tier 1 (core) risk-based capital
  • $27,615Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,370Restructured Loans and leases
  • $1,711Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,495Total interest income
  • $1,834Total interest expense
  • $6,661Net interest income
  • $695Provision for loan and lease losses
  • $762Total noninterest income
  • $0Fiduciary activities
  • $209Service charges on deposit accounts
  • $0Trading account gains & fees
  • $553Additional noninterest income
  • $3,873Total noninterest expense
  • $2,028Salaries and employee benefits
  • $620Premises and equipment expense
  • $1,225Additional noninterest expense
  • $2,855Pre-tax net operating income
  • -$3Securities gains (losses)
  • $672Applicable income taxes
  • $2,180Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,180Net income attributable to bank
  • $0Net charge-offs
  • $2,180Cash dividends
  • $839Sale, conversion, retirement of capital stock, net
  • $1,203Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.97%Yield on earning assets
  • 1.07%Cost of funding earning assets
  • 3.89%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 2.26%Noninterest expense to earning assets
  • 1.16%Net operating income to assets
  • 1.16%Return on assets (ROA)
  • 1.52%Pretax return on assets
  • 8.01%Return on equity (ROE)
  • 3.59%Retained earnings to average equity (YTD only)
  • 0.81%Net charge-offs to loans
  • 82.84%Credit loss provision to net charge-offs
  • 4.23%Efficiency ratio
  • 51,812Assets per employee
  • 5.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 55.18%Loss allowance to loans
  • 2.36%Loss allowance to noncurrent loans
  • 71.15%Noncurrent assets plus other real estate owned to assets
  • 2.54%Noncurrent loans to loans
  • 3.32%Net loans and leases to deposits
  • 65.25%Net loans and leases to core deposits
  • 73.15%Equity capital to assets
  • 14.36%Core capital (leverage) ratio
  • 14.20%Tier 1 risk-based capital ratio
  • 22.57%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $188,219Average earning assets
  • $27,209Average equity
  • $171,063Average loans

List of branches

  • 3 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0735Upper Peninsula State Bank430 North Lincoln Road, Escanaba, MI 49829January 01, 1902Full Service Brick and Mortar
    2232197Iron Mountain Branch1890 South Stephenson Avenue, Iron Mountain, MI 49801October 20, 1995Full Service Brick and Mortar
    4501639Escanaba Downtown Branch112 North 11th Street, Escanaba, MI 49829September 28, 2009Full Service Brick and Mortar

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