Bank of Stephenson in Stephenson, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 02, 1995

Bank of Stephenson in Stephenson, Michigan (MI)
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Bank of Stephenson - Overview

General
FDIC Certificate #: 11392
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: mBank (#14816)
Federal Reserve ID: 292458
Date Established: January 01, 1902
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 11922
FDIC's unique #: 7272
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: January 01, 1934
Last Structure Change Effective Date: October 02, 1995
Last Structure Change Process Date: October 26, 1995
Last Data Update: October 26, 1995
Data Source Date: April 05, 2012
Location
Address: Main Street, Stephenson, MI 49887
County: Menominee
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): Marinette, WI-MI (#31940)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $70.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$34Total assets
$68,538Cash and due from depository institutions
$2,226Interest-bearing balances
$0Securities
$16,719Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$45,133Loan loss allowance
$1,022Trading account assets
$0Bank premises and fixed assets
$2,459Other real estate owned
$19Goodwill and other intangibles
$1,040Life insurance assets
$942All other assets
$0Total liabilities and capital
$68,538Total liabilities
$62,852Total deposits
$61,647Interest-bearing deposits
$55,271Deposits held in domestic offices
61647.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$700Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$505Total equity capital
$505Total bank equity capital
$5,686Perpetual preferred stock
$0Common stock
$750Surplus
$4,798Undivided profits
Memoranda
$138Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$41Income earned, not collected on loans
$336Earning assets
$61,852Long-term assets (5+ years)
$2,028Average Assets, year-to-date
$70,238Average Assets, quarterly
$69,472Volatile liabilities
$3,566Insider loans
$416FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,627Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,090Total risk weighted assets
$45,280Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$5,097Total interest expense
$2,082Net interest income
$3,015Provision for loan and lease losses
$0Total noninterest income
$174Fiduciary activities
$0Service charges on deposit accounts
$93Trading account gains & fees
$0Additional noninterest income
$81Total noninterest expense
$2,158Salaries and employee benefits
$1,003Premises and equipment expense
$187Additional noninterest expense
$968Pre-tax net operating income
$1,031Securities gains (losses)
$75Applicable income taxes
$280Income before extraordinary items
$826Extraordinary gains - net
$0Net income attributable to bank
$826Net charge-offs
$48Cash dividends
$5,812Sale, conversion, retirement of capital stock, net
$1,548Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.93%Cost of funding earning assets
3.24%Net interest margin
4.69%Noninterest income to earning assets
0.27%Noninterest expense to earning assets
3.36%Net operating income to assets
1.10%Return on assets (ROA)
1.18%Pretax return on assets
1.57%Return on equity (ROE)
10.20%Retained earnings to average equity (YTD only)
-61.54%Net charge-offs to loans
0.11%Credit loss provision to net charge-offs
0.00%Efficiency ratio
64,628Assets per employee
2.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
703.63%Loss allowance to loans
2.21%Loss allowance to noncurrent loans
2492.68%Noncurrent assets plus other real estate owned to assets
0.09%Noncurrent loans to loans
0.09%Net loans and leases to deposits
73.21%Net loans and leases to core deposits
76.78%Equity capital to assets
8.30%Core capital (leverage) ratio
7.53%Tier 1 risk-based capital ratio
11.24%Total risk-based capital ratio
Memoranda
$13Average assets
$70,238Average earning assets
$8,102Average equity
$64,255Average loans

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