FMB-Lumberman's Bank in Muskegon, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 1997

  • FMB-Lumberman's Bank in Muskegon, Michigan (MI)
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FMB-Lumberman's Bank - Overview

  • General
  • FDIC Certificate #: 5037
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Huntington National Bank (#6560)
    Federal Reserve ID: 80141
    Date Established: May 19, 1859
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 53 (Interstate: No)
    OTS Docket #: 12173
    FDIC's unique #: 3363
    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: First And Webster, Muskegon, MI 49443
    County: Muskegon
    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): Muskegon-Norton Shores, MI (#34740)
    CBSA Metro Statistical Area: Muskegon-Norton Shores, MI (#34740)
  • Financial Summary
  • Total assets: $438.2 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)
  • $198Total assets
  • $443,178Cash and due from depository institutions
  • $12,791Interest-bearing balances
  • $41Securities
  • $73,481Federal funds sold & reverse repurchase agreements
  • $15,300Net loans & leases
  • $328,113Loan loss allowance
  • $4,089Trading account assets
  • $0Bank premises and fixed assets
  • $7,599Other real estate owned
  • $95Goodwill and other intangibles
  • $5,799Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $443,178Total liabilities
  • $412,050Total deposits
  • $386,653Interest-bearing deposits
  • $343,455Deposits held in domestic offices
  • 386653.00%% insured (estimated)
  • $76Federal funds purchased & repurchase agreements
  • $15,654Trading liabilities
  • $0Other borrowed funds
  • $7,900Subordinated debt
  • $0All other liabilities
  • $1,843Total equity capital
  • $1,843Total bank equity capital
  • $31,128Perpetual preferred stock
  • $0Common stock
  • $1,697Surplus
  • $15,360Undivided profits
  • Memoranda
  • $14,071Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,481Income earned, not collected on loans
  • $2,049Earning assets
  • $416,935Long-term assets (5+ years)
  • $44,505Average Assets, year-to-date
  • $417,390Average Assets, quarterly
  • $435,829Volatile liabilities
  • $118,677Insider loans
  • $12,454FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $80,257Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $31,095Total risk weighted assets
  • $340,370Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $34,722Total interest expense
  • $16,481Net interest income
  • $18,241Provision for loan and lease losses
  • $1,928Total noninterest income
  • $5,024Fiduciary activities
  • $763Service charges on deposit accounts
  • $2,054Trading account gains & fees
  • $0Additional noninterest income
  • $2,207Total noninterest expense
  • $13,127Salaries and employee benefits
  • $6,885Premises and equipment expense
  • $2,023Additional noninterest expense
  • $4,219Pre-tax net operating income
  • $8,210Securities gains (losses)
  • -$3Applicable income taxes
  • $2,172Income before extraordinary items
  • $6,035Extraordinary gains - net
  • $0Net income attributable to bank
  • $6,035Net charge-offs
  • $1,322Cash dividends
  • $2,951Sale, 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
  • 8.89%Cost of funding earning assets
  • 4.22%Net interest margin
  • 4.67%Noninterest income to earning assets
  • 1.29%Noninterest expense to earning assets
  • 3.36%Net operating income to assets
  • 1.45%Return on assets (ROA)
  • 1.45%Pretax return on assets
  • 1.97%Return on equity (ROE)
  • 20.71%Retained earnings to average equity (YTD only)
  • 10.58%Net charge-offs to loans
  • 0.43%Credit loss provision to net charge-offs
  • 145.84%Efficiency ratio
  • 56,424Assets per employee
  • 2.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.90%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 164.81%Noncurrent assets plus other real estate owned to assets
  • 0.58%Noncurrent loans to loans
  • 0.75%Net loans and leases to deposits
  • 84.86%Net loans and leases to core deposits
  • 113.33%Equity capital to assets
  • 7.02%Core capital (leverage) ratio
  • 7.13%Tier 1 risk-based capital ratio
  • 9.14%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $417,390Average earning assets
  • $29,141Average equity
  • $390,449Average loans

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