FMB-Community Bank in Dowagiac, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 1997

FMB-Community Bank in Dowagiac, Michigan (MI)
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FMB-Community Bank - Overview

General
FDIC Certificate #: 18343
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Huntington National Bank (#6560)
Federal Reserve ID: 471141
Date Established: January 27, 1961
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 54 (Interstate: No)
FDIC's unique #: 12257
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 27, 1961
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: 205-07 Commercial Street, Dowagiac, MI 49047
County: Cass
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
Combined Statistical Area (CSA): South Bend-Elkhart-Mishawaka, IN-MI (#515)
Core Based Statistical Area (CBSA): South Bend-Mishawaka, IN-MI (#43780)
CBSA Metro Statistical Area: South Bend-Mishawaka, IN-MI (#43780)
Financial Summary
Total assets: $102.4 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)
$56Total assets
$101,651Cash and due from depository institutions
$3,283Interest-bearing balances
$0Securities
$35,423Federal funds sold & reverse repurchase agreements
$5,750Net loans & leases
$53,294Loan loss allowance
$1,189Trading account assets
$0Bank premises and fixed assets
$1,470Other real estate owned
$37Goodwill and other intangibles
$1,496Life insurance assets
$898All other assets
$0Total liabilities and capital
$101,651Total liabilities
$93,952Total deposits
$92,746Interest-bearing deposits
$80,111Deposits held in domestic offices
92746.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$492Trading liabilities
$0Other borrowed funds
$223Subordinated debt
$0All other liabilities
$491Total equity capital
$491Total bank equity capital
$7,699Perpetual preferred stock
$0Common stock
$415Surplus
$3,820Undivided profits
Memoranda
$3,464Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,351Income earned, not collected on loans
$385Earning assets
$94,467Long-term assets (5+ years)
$6,924Average Assets, year-to-date
$94,353Average Assets, quarterly
$96,934Volatile liabilities
$11,308Insider loans
$718FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$10,281Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,780Total risk weighted assets
$59,153Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$7,597Total interest expense
$3,223Net interest income
$4,374Provision for loan and lease losses
$473Total noninterest income
$981Fiduciary activities
$0Service charges on deposit accounts
$566Trading account gains & fees
$0Additional noninterest income
$415Total noninterest expense
$3,413Salaries and employee benefits
$1,815Premises and equipment expense
$444Additional noninterest expense
$1,154Pre-tax net operating income
$1,469Securities gains (losses)
-$3Applicable income taxes
$379Income before extraordinary items
$1,087Extraordinary gains - net
$0Net income attributable to bank
$1,087Net charge-offs
$389Cash dividends
$900Sale, 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
8.67%Cost of funding earning assets
3.68%Net interest margin
4.99%Noninterest income to earning assets
1.12%Noninterest expense to earning assets
3.90%Net operating income to assets
1.15%Return on assets (ROA)
1.15%Pretax return on assets
1.55%Return on equity (ROE)
16.01%Retained earnings to average equity (YTD only)
2.75%Net charge-offs to loans
0.69%Credit loss provision to net charge-offs
121.59%Efficiency ratio
63,735Assets per employee
1.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
82.80%Loss allowance to loans
2.18%Loss allowance to noncurrent loans
88.01%Noncurrent assets plus other real estate owned to assets
1.37%Noncurrent loans to loans
2.48%Net loans and leases to deposits
57.46%Net loans and leases to core deposits
64.87%Equity capital to assets
7.57%Core capital (leverage) ratio
7.20%Tier 1 risk-based capital ratio
11.46%Total risk-based capital ratio
Memoranda
$13Average assets
$94,353Average earning assets
$6,790Average equity
$87,595Average loans

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