FMB-First Michigan Bank in Zeeland, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 1997

  • FMB-First Michigan Bank in Zeeland, Michigan (MI)
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FMB-First Michigan Bank - Overview

  • General
  • FDIC Certificate #: 10558
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: The Huntington National Bank (#6560)
    Federal Reserve ID: 440343
    Date Established: January 01, 1878
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 60 (Interstate: No)
    FDIC's unique #: 6760
    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: March 01, 1974
    Last Structure Change Effective Date: September 30, 1997
    Last Structure Change Process Date: October 06, 1997
    Last Data Update: December 14, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 East Main Street, Zeeland, MI 49464
    County: Ottawa
    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): Grand Rapids-Muskegon-Holland, MI (#3000)
    Combined Statistical Area (CSA): Grand Rapids-Muskegon-Holland, MI (#266)
    Core Based Statistical Area (CBSA): Holland-Grand Haven, MI (#26100)
    CBSA Metro Statistical Area: Holland-Grand Haven, MI (#26100)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $1,378.6 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)
  • $533Total assets
  • $1,316,824Cash and due from depository institutions
  • $74,602Interest-bearing balances
  • $106Securities
  • $230,619Federal funds sold & reverse repurchase agreements
  • $100Net loans & leases
  • $973,642Loan loss allowance
  • $12,114Trading account assets
  • $0Bank premises and fixed assets
  • $19,506Other real estate owned
  • $3Goodwill and other intangibles
  • $16,645Life insurance assets
  • $1,707All other assets
  • $0Total liabilities and capital
  • $1,316,824Total liabilities
  • $1,214,183Total deposits
  • $1,107,066Interest-bearing deposits
  • $966,543Deposits held in domestic offices
  • 1107066.00%% insured (estimated)
  • $68Federal funds purchased & repurchase agreements
  • $69,299Trading liabilities
  • $0Other borrowed funds
  • $31,913Subordinated debt
  • $0All other liabilities
  • $5,905Total equity capital
  • $5,905Total bank equity capital
  • $102,641Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $40,400Undivided profits
  • Memoranda
  • $60,241Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,446Income earned, not collected on loans
  • $5,999Earning assets
  • $1,204,467Long-term assets (5+ years)
  • $132,984Average Assets, year-to-date
  • $1,257,585Average Assets, quarterly
  • $1,301,888Volatile liabilities
  • $354,383Insider loans
  • $49,920FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $425,175Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $102,449Total risk weighted assets
  • $1,100,960Total unused commitments
  • $0Restructured Loans and leases
  • $45,000Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $102,105Total interest expense
  • $49,413Net interest income
  • $52,692Provision for loan and lease losses
  • $3,864Total noninterest income
  • $16,499Fiduciary activities
  • $3,892Service charges on deposit accounts
  • $4,179Trading account gains & fees
  • $0Additional noninterest income
  • $8,428Total noninterest expense
  • $35,604Salaries and employee benefits
  • $19,459Premises and equipment expense
  • $5,745Additional noninterest expense
  • $10,400Pre-tax net operating income
  • $29,723Securities gains (losses)
  • -$51Applicable income taxes
  • $9,094Income before extraordinary items
  • $20,578Extraordinary gains - net
  • $0Net income attributable to bank
  • $20,578Net charge-offs
  • $2,785Cash dividends
  • $9,100Sale, 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
  • 8.82%Cost of funding earning assets
  • 4.27%Net interest margin
  • 4.55%Noninterest income to earning assets
  • 1.43%Noninterest expense to earning assets
  • 3.08%Net operating income to assets
  • 1.64%Return on assets (ROA)
  • 1.64%Pretax return on assets
  • 2.36%Return on equity (ROE)
  • 22.11%Retained earnings to average equity (YTD only)
  • 12.33%Net charge-offs to loans
  • 0.30%Credit loss provision to net charge-offs
  • 138.74%Efficiency ratio
  • 51,458Assets per employee
  • 2.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 44.22%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 351.54%Noncurrent assets plus other real estate owned to assets
  • 0.26%Noncurrent loans to loans
  • 0.35%Net loans and leases to deposits
  • 87.95%Net loans and leases to core deposits
  • 116.90%Equity capital to assets
  • 7.79%Core capital (leverage) ratio
  • 7.93%Tier 1 risk-based capital ratio
  • 9.31%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $1,257,585Average earning assets
  • $93,084Average equity
  • $1,157,227Average loans

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