FMB-Arcadia Bank in Kalamazoo, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 1997

FMB-Arcadia Bank in Kalamazoo, Michigan (MI)
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FMB-Arcadia Bank - Overview

General
FDIC Certificate #: 26987
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Huntington National Bank (#6560)
Federal Reserve ID: 13541
Date Established: June 22, 1987
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 10022
FDIC's unique #: 36406
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: June 22, 1987
Last Structure Change Effective Date: September 30, 1997
Last Structure Change Process Date: October 06, 1997
Last Data Update: October 06, 1997
Data Source Date: April 05, 2012
Location
Address: 251 East Michigan Avenue, Kalamazoo, MI 49007
County: Kalamazoo
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): Kalamazoo-Battle Creek, MI (#3720)
Core Based Statistical Area (CBSA): Kalamazoo-Portage, MI (#28020)
CBSA Metro Statistical Area: Kalamazoo-Portage, MI (#28020)
Financial Summary
Total assets: $128.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$28Total assets
$123,846Cash and due from depository institutions
$6,696Interest-bearing balances
$0Securities
$12,333Federal funds sold & reverse repurchase agreements
$3,400Net loans & leases
$99,475Loan loss allowance
$1,398Trading account assets
$0Bank premises and fixed assets
$688Other real estate owned
$0Goodwill and other intangibles
$1,254Life insurance assets
$0All other assets
$0Total liabilities and capital
$123,846Total liabilities
$114,478Total deposits
$111,296Interest-bearing deposits
$99,356Deposits held in domestic offices
111296.00%% insured (estimated)
$79Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$2,000Subordinated debt
$0All other liabilities
$1,182Total equity capital
$1,182Total bank equity capital
$9,368Perpetual preferred stock
$0Common stock
$3,250Surplus
$3,550Undivided profits
Memoranda
$2,568Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$624Income earned, not collected on loans
$547Earning assets
$115,208Long-term assets (5+ years)
$3,023Average Assets, year-to-date
$114,534Average Assets, quarterly
$125,200Volatile liabilities
$20,789Insider loans
$2,960FHLB advances
$0Loans and leases held for sale
$6Unused loan commitments
$20,255Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$9,351Total risk weighted assets
$97,261Total unused commitments
$0Restructured Loans and leases
$10,000Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$9,617Total interest expense
$4,836Net interest income
$4,781Provision for loan and lease losses
$304Total noninterest income
$856Fiduciary activities
$0Service charges on deposit accounts
$238Trading account gains & fees
$0Additional noninterest income
$618Total noninterest expense
$2,473Salaries and employee benefits
$1,472Premises and equipment expense
$422Additional noninterest expense
$579Pre-tax net operating income
$2,860Securities gains (losses)
$0Applicable income taxes
$986Income before extraordinary items
$1,874Extraordinary gains - net
$0Net income attributable to bank
$1,874Net charge-offs
$114Cash dividends
$40Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.98%Cost of funding earning assets
4.52%Net interest margin
4.46%Noninterest income to earning assets
0.80%Noninterest expense to earning assets
2.31%Net operating income to assets
1.64%Return on assets (ROA)
1.64%Pretax return on assets
2.50%Return on equity (ROE)
22.35%Retained earnings to average equity (YTD only)
21.87%Net charge-offs to loans
0.13%Credit loss provision to net charge-offs
266.67%Efficiency ratio
43,871Assets per employee
4.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
2.13%Loss allowance to loans
1.39%Loss allowance to noncurrent loans
224.04%Noncurrent assets plus other real estate owned to assets
0.50%Noncurrent loans to loans
0.62%Net loans and leases to deposits
89.38%Net loans and leases to core deposits
107.53%Equity capital to assets
7.56%Core capital (leverage) ratio
7.60%Tier 1 risk-based capital ratio
9.61%Total risk-based capital ratio
Memoranda
$11Average assets
$114,534Average earning assets
$8,385Average equity
$107,107Average loans

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