FMB-Commercial Bank in Greenville, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 1997

FMB-Commercial Bank in Greenville, Michigan (MI)
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FMB-Commercial Bank - Overview

General
FDIC Certificate #: 994
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Huntington National Bank (#6560)
Federal Reserve ID: 668044
Date Established: September 09, 1902
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 13488
FDIC's unique #: 656
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: 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: 203 South Lafayette Street, Greenville, MI 48838
County: Montcalm
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
Financial Summary
Total assets: $143.1 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)
$58Total assets
$131,215Cash and due from depository institutions
$4,141Interest-bearing balances
$26Securities
$31,828Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$92,031Loan loss allowance
$1,165Trading account assets
$0Bank premises and fixed assets
$1,452Other real estate owned
$95Goodwill and other intangibles
$1,668Life insurance assets
$0All other assets
$0Total liabilities and capital
$131,215Total liabilities
$122,530Total deposits
$112,654Interest-bearing deposits
$100,792Deposits held in domestic offices
112654.00%% insured (estimated)
$84Federal funds purchased & repurchase agreements
$2,195Trading liabilities
$0Other borrowed funds
$7,228Subordinated debt
$0All other liabilities
$453Total equity capital
$453Total bank equity capital
$8,685Perpetual preferred stock
$0Common stock
$900Surplus
$4,000Undivided profits
Memoranda
$3,785Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$678Income earned, not collected on loans
$668Earning assets
$123,885Long-term assets (5+ years)
$6,727Average Assets, year-to-date
$126,253Average Assets, quarterly
$131,302Volatile liabilities
$17,901Insider loans
$3,656FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$10,512Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$8,640Total risk weighted assets
$85,368Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$10,621Total interest expense
$5,078Net interest income
$5,543Provision for loan and lease losses
$217Total noninterest income
$1,065Fiduciary activities
$66Service charges on deposit accounts
$566Trading account gains & fees
$0Additional noninterest income
$433Total noninterest expense
$3,561Salaries and employee benefits
$1,892Premises and equipment expense
$467Additional noninterest expense
$1,202Pre-tax net operating income
$2,830Securities gains (losses)
-$4Applicable income taxes
$824Income before extraordinary items
$2,002Extraordinary gains - net
$0Net income attributable to bank
$2,002Net charge-offs
$149Cash dividends
$1,250Sale, 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
8.93%Cost of funding earning assets
4.27%Net interest margin
4.66%Noninterest income to earning assets
0.90%Noninterest expense to earning assets
2.99%Net operating income to assets
1.59%Return on assets (ROA)
1.59%Pretax return on assets
2.24%Return on equity (ROE)
24.38%Retained earnings to average equity (YTD only)
9.16%Net charge-offs to loans
0.17%Credit loss provision to net charge-offs
145.64%Efficiency ratio
53,889Assets per employee
2.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
62.44%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
171.83%Noncurrent assets plus other real estate owned to assets
0.59%Noncurrent loans to loans
0.73%Net loans and leases to deposits
81.69%Net loans and leases to core deposits
94.71%Equity capital to assets
6.62%Core capital (leverage) ratio
6.66%Tier 1 risk-based capital ratio
10.12%Total risk-based capital ratio
Memoranda
$11Average assets
$126,253Average earning assets
$8,211Average equity
$118,963Average loans

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