Alliance Banking Company in New Buffalo, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 10, 2005

  • Alliance Banking Company in New Buffalo, Michigan (MI)
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Alliance Banking Company - Overview

  • General
  • FDIC Certificate #: 33468
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Horizon Bank, National Association (#4360)
    Federal Reserve ID: 1887495
    Date Established: July 19, 1991
    WWW: http://www.alliance-bank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 11146
    FDIC's unique #: 47174
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 19, 1991
    Last Structure Change Effective Date: June 10, 2005
    Last Structure Change Process Date: June 23, 2005
    Last Data Update: June 23, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 500 West Buffalo Street, New Buffalo, MI 49117
    County: Berrien
    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): Benton Harbor, MI (#870)
    Core Based Statistical Area (CBSA): Niles-Benton Harbor, MI (#35660)
    CBSA Metro Statistical Area: Niles-Benton Harbor, MI (#35660)
  • Financial Summary
  • Total assets: $132.1 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, 2004)

  • Dollar figures in thousands
  • 59Total employees (full-time equivalent)
  • $129,843Total assets
  • $4,606Cash and due from depository institutions
  • $324Interest-bearing balances
  • $23,941Securities
  • $1,941Federal funds sold & reverse repurchase agreements
  • $91,794Net loans & leases
  • $1,618Loan loss allowance
  • $0Trading account assets
  • $5,450Bank premises and fixed assets
  • $17Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,094All other assets
  • $129,843Total liabilities and capital
  • $118,786Total liabilities
  • $114,466Total deposits
  • $101,598Interest-bearing deposits
  • $114,466Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,764Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,000Other borrowed funds
  • $0Subordinated debt
  • $556All other liabilities
  • $11,057Total equity capital
  • $11,057Total bank equity capital
  • $11,057Perpetual preferred stock
  • $0Common stock
  • $361Surplus
  • $9,306Undivided profits
  • Memoranda
  • $1,390Noncurrent loans and leases
  • $12,778Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $536Earning assets
  • $0Long-term assets (5+ years)
  • $561Average Assets, year-to-date
  • $118,000Average Assets, quarterly
  • $19,325Volatile liabilities
  • $133,350Insider loans
  • $138,064FHLB advances
  • $6,911Loans and leases held for sale
  • $3,804Unused loan commitments
  • $2,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $12,778Total unused commitments
  • $0Restructured Loans and leases
  • $1,153Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $6,605Total interest income
  • $1,901Total interest expense
  • $4,704Net interest income
  • $420Provision for loan and lease losses
  • $1,376Total noninterest income
  • $0Fiduciary activities
  • $459Service charges on deposit accounts
  • $0Trading account gains & fees
  • $917Additional noninterest income
  • $5,633Total noninterest expense
  • $2,726Salaries and employee benefits
  • $867Premises and equipment expense
  • $2,040Additional noninterest expense
  • $27Pre-tax net operating income
  • $11Securities gains (losses)
  • -$115Applicable income taxes
  • $153Income before extraordinary items
  • $0Extraordinary gains - net
  • $153Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $229Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.47%Yield on earning assets
  • 1.57%Cost of funding earning assets
  • 3.89%Net interest margin
  • 1.14%Noninterest income to earning assets
  • 4.66%Noninterest expense to earning assets
  • 0.11%Net operating income to assets
  • 0.11%Return on assets (ROA)
  • 0.03%Pretax return on assets
  • 1.40%Return on equity (ROE)
  • 1.40%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 183.41%Credit loss provision to net charge-offs
  • 1.95%Efficiency ratio
  • 92,648Assets per employee
  • 2.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.73%Loss allowance to noncurrent loans
  • 301.87%Noncurrent assets plus other real estate owned to assets
  • 0.43%Noncurrent loans to loans
  • 0.57%Net loans and leases to deposits
  • 80.19%Net loans and leases to core deposits
  • 83.97%Equity capital to assets
  • 8.52%Core capital (leverage) ratio
  • 7.94%Tier 1 risk-based capital ratio
  • 12.12%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $133,350Average earning assets
  • $10,928Average equity
  • $120,775Average loans

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