FMB-Maynard Allen Bank in Portland, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 1997

FMB-Maynard Allen Bank in Portland, Michigan (MI)
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FMB-Maynard Allen Bank - Overview

General
FDIC Certificate #: 14747
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Huntington National Bank (#6560)
Federal Reserve ID: 780544
Date Established: January 01, 1906
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 9225
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: July 16, 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: 1235 East Bridge Street, Portland, MI 48875
County: Ionia
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): Grand Rapids-Muskegon-Holland, MI (#266)
Core Based Statistical Area (CBSA): Grand Rapids-Wyoming, MI (#24340)
CBSA Metro Statistical Area: Grand Rapids-Wyoming, MI (#24340)
Financial Summary
Total assets: $79.5 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)
$35Total assets
$77,360Cash and due from depository institutions
$3,640Interest-bearing balances
$0Securities
$29,078Federal funds sold & reverse repurchase agreements
$1,200Net loans & leases
$41,860Loan loss allowance
$537Trading account assets
$0Bank premises and fixed assets
$679Other real estate owned
$0Goodwill and other intangibles
$903Life insurance assets
$0All other assets
$0Total liabilities and capital
$77,360Total liabilities
$72,333Total deposits
$71,913Interest-bearing deposits
$63,176Deposits held in domestic offices
71913.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$46Subordinated debt
$0All other liabilities
$374Total equity capital
$374Total bank equity capital
$5,027Perpetual preferred stock
$0Common stock
$200Surplus
$2,500Undivided profits
Memoranda
$2,327Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$32Income earned, not collected on loans
$249Earning assets
$72,138Long-term assets (5+ years)
$14,357Average Assets, year-to-date
$70,695Average Assets, quarterly
$75,544Volatile liabilities
$9,979Insider loans
$829FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$7,377Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,006Total risk weighted assets
$43,804Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$5,560Total interest expense
$2,456Net interest income
$3,104Provision for loan and lease losses
$125Total noninterest income
$363Fiduciary activities
$0Service charges on deposit accounts
$214Trading account gains & fees
$0Additional noninterest income
$149Total noninterest expense
$2,169Salaries and employee benefits
$1,240Premises and equipment expense
$299Additional noninterest expense
$630Pre-tax net operating income
$1,173Securities gains (losses)
$0Applicable income taxes
$245Income before extraordinary items
$928Extraordinary gains - net
$0Net income attributable to bank
$928Net charge-offs
$56Cash dividends
$350Sale, 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
8.33%Cost of funding earning assets
3.68%Net interest margin
4.65%Noninterest income to earning assets
0.54%Noninterest expense to earning assets
3.25%Net operating income to assets
1.31%Return on assets (ROA)
1.31%Pretax return on assets
1.66%Return on equity (ROE)
20.10%Retained earnings to average equity (YTD only)
12.52%Net charge-offs to loans
0.14%Credit loss provision to net charge-offs
223.21%Efficiency ratio
62,561Assets per employee
2.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
37.72%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
1678.13%Noncurrent assets plus other real estate owned to assets
0.04%Noncurrent loans to loans
0.08%Net loans and leases to deposits
58.21%Net loans and leases to core deposits
67.59%Equity capital to assets
6.50%Core capital (leverage) ratio
6.60%Tier 1 risk-based capital ratio
11.43%Total risk-based capital ratio
Memoranda
$13Average assets
$70,695Average earning assets
$4,617Average equity
$66,740Average loans

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