FMB-State Savings Bank in Lowell, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 1997

  • FMB-State Savings Bank in Lowell, Michigan (MI)
  • Show street view No street view available for this location

FMB-State Savings Bank - Overview

  • General
  • FDIC Certificate #: 14696
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Huntington National Bank (#6560)
    Federal Reserve ID: 536648
    Date Established: January 01, 1934
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 13284
    FDIC's unique #: 9192
    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: August 15, 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: Main Street, Lowell, MI 49331
    County: Kent
    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): Grand Rapids-Wyoming, MI (#24340)
    CBSA Metro Statistical Area: Grand Rapids-Wyoming, MI (#24340)
  • Financial Summary
  • Total assets: $144.5 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)
  • $65Total assets
  • $136,757Cash and due from depository institutions
  • $6,606Interest-bearing balances
  • $24Securities
  • $35,987Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $91,084Loan loss allowance
  • $1,191Trading account assets
  • $0Bank premises and fixed assets
  • $1,384Other real estate owned
  • $82Goodwill and other intangibles
  • $1,614Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $136,757Total liabilities
  • $127,669Total deposits
  • $118,954Interest-bearing deposits
  • $101,909Deposits held in domestic offices
  • 118954.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $3,839Trading liabilities
  • $0Other borrowed funds
  • $4,300Subordinated debt
  • $0All other liabilities
  • $576Total equity capital
  • $576Total bank equity capital
  • $9,088Perpetual preferred stock
  • $0Common stock
  • $375Surplus
  • $4,425Undivided profits
  • Memoranda
  • $4,288Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,277Income earned, not collected on loans
  • $534Earning assets
  • $127,095Long-term assets (5+ years)
  • $13,655Average Assets, year-to-date
  • $132,211Average Assets, quarterly
  • $136,019Volatile liabilities
  • $19,143Insider loans
  • $1,116FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $15,822Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $9,020Total risk weighted assets
  • $89,346Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $10,961Total interest expense
  • $4,881Net interest income
  • $6,080Provision for loan and lease losses
  • $500Total noninterest income
  • $1,322Fiduciary activities
  • $63Service charges on deposit accounts
  • $748Trading account gains & fees
  • $0Additional noninterest income
  • $511Total noninterest expense
  • $4,045Salaries and employee benefits
  • $2,156Premises and equipment expense
  • $550Additional noninterest expense
  • $1,339Pre-tax net operating income
  • $2,857Securities gains (losses)
  • -$1Applicable income taxes
  • $768Income before extraordinary items
  • $2,088Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,088Net charge-offs
  • $320Cash dividends
  • $1,500Sale, 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
  • 8.85%Cost of funding earning assets
  • 3.94%Net interest margin
  • 4.91%Noninterest income to earning assets
  • 1.07%Noninterest expense to earning assets
  • 3.27%Net operating income to assets
  • 1.58%Return on assets (ROA)
  • 1.58%Pretax return on assets
  • 2.16%Return on equity (ROE)
  • 23.98%Retained earnings to average equity (YTD only)
  • 6.75%Net charge-offs to loans
  • 0.36%Credit loss provision to net charge-offs
  • 156.25%Efficiency ratio
  • 54,647Assets per employee
  • 2.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 71.84%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 93.27%Noncurrent assets plus other real estate owned to assets
  • 0.99%Noncurrent loans to loans
  • 1.38%Net loans and leases to deposits
  • 76.57%Net loans and leases to core deposits
  • 86.38%Equity capital to assets
  • 6.65%Core capital (leverage) ratio
  • 6.64%Tier 1 risk-based capital ratio
  • 10.10%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $132,211Average earning assets
  • $8,706Average equity
  • $123,831Average loans

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