FDIC Certificate #: 1587 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Northstar Bank (#57097) Federal Reserve ID: 570848 Date Established: January 01, 1926 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 11723 FDIC's unique #: 1038 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: Febuary 05, 2007 Last Structure Change Process Date: Febuary 15, 2007 Last Data Update: Febuary 15, 2007 Data Source Date: April 05, 2012
Location
Address: 1100 East Caro Road, Caro, MI 48723 County: Tuscola 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
Financial Summary
Total assets: $77.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
20Total employees (full-time equivalent)
$77,822Total assets
$5,431Cash and due from depository institutions
$0Interest-bearing balances
$20,569Securities
$11,450Federal funds sold & reverse repurchase agreements
$36,002Net loans & leases
$343Loan loss allowance
$0Trading account assets
$2,126Bank premises and fixed assets
$142Other real estate owned
$0Goodwill and other intangibles
$1,528Life insurance assets
$2,102All other assets
$77,822Total liabilities and capital
$70,799Total liabilities
$70,438Total deposits
$62,173Interest-bearing deposits
$70,438Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$89Other borrowed funds
$0Subordinated debt
$272All other liabilities
$7,023Total equity capital
$7,023Total bank equity capital
$7,023Perpetual preferred stock
$0Common stock
$687Surplus
$2,093Undivided profits
Memoranda
$4,243Noncurrent loans and leases
$2,012Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$348Earning assets
$0Long-term assets (5+ years)
$404Average Assets, year-to-date
$68,021Average Assets, quarterly
$12,761Volatile liabilities
$78,680Insider loans
$79,530FHLB advances
$4,865Loans and leases held for sale
$83Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,012Total unused commitments
$0Restructured Loans and leases
$343Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$3,762Total interest income
$1,823Total interest expense
$1,939Net interest income
$22Provision for loan and lease losses
$235Total noninterest income
$0Fiduciary activities
$95Service charges on deposit accounts
$0Trading account gains & fees
$140Additional noninterest income
$2,166Total noninterest expense
$1,377Salaries and employee benefits
$452Premises and equipment expense
$337Additional noninterest expense
-$14Pre-tax net operating income
$2Securities gains (losses)
$0Applicable income taxes
-$12Income before extraordinary items
$0Extraordinary gains - net
-$12Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$15Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.34%Yield on earning assets
2.59%Cost of funding earning assets
2.75%Net interest margin
0.33%Noninterest income to earning assets
3.07%Noninterest expense to earning assets
-0.02%Net operating income to assets
-0.02%Return on assets (ROA)
-0.02%Pretax return on assets
-0.17%Return on equity (ROE)
-0.17%Retained earnings to average equity (YTD only)
-0.04%Net charge-offs to loans
-146.67%Credit loss provision to net charge-offs
0.00%Efficiency ratio
99,632Assets per employee
3.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.94%Loss allowance to noncurrent loans
98.56%Noncurrent assets plus other real estate owned to assets
0.63%Noncurrent loans to loans
0.96%Net loans and leases to deposits
51.11%Net loans and leases to core deposits
54.83%Equity capital to assets
9.02%Core capital (leverage) ratio
9.45%Tier 1 risk-based capital ratio
15.09%Total risk-based capital ratio
Memoranda
$16Average assets
$78,680Average earning assets
$6,959Average equity
$70,456Average loans
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