FSB Bank in Breckenridge, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 16, 2007

  • FSB Bank in Breckenridge, Michigan (MI)
  • Show street view No street view available for this location

FSB Bank - Overview

  • General
  • FDIC Certificate #: 9716
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Isabella Bank (#1005)
    Federal Reserve ID: 691145
    Date Established: August 02, 1909
    WWW: http://www.fsbb.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 14719
    FDIC's unique #: 6214
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 16, 2007
    Last Structure Change Process Date: June 05, 2007
    Last Data Update: June 05, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 316 East Saginaw Street, Breckenridge, MI 48615
    County: Gratiot
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Detroit
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Alma, MI (#10940)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $260.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2006)

  • Dollar figures in thousands
  • 60Total employees (full-time equivalent)
  • $260,577Total assets
  • $6,432Cash and due from depository institutions
  • $251Interest-bearing balances
  • $54,581Securities
  • $5,504Federal funds sold & reverse repurchase agreements
  • $160,410Net loans & leases
  • $3,038Loan loss allowance
  • $0Trading account assets
  • $2,768Bank premises and fixed assets
  • $530Other real estate owned
  • $23,945Goodwill and other intangibles
  • $2,284Life insurance assets
  • $6,407All other assets
  • $260,577Total liabilities and capital
  • $208,272Total liabilities
  • $195,566Total deposits
  • $171,317Interest-bearing deposits
  • $195,566Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $85Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $11,000Other borrowed funds
  • $0Subordinated debt
  • $1,621All other liabilities
  • $52,305Total equity capital
  • $52,305Total bank equity capital
  • $52,305Perpetual preferred stock
  • $0Common stock
  • $3,425Surplus
  • $30,868Undivided profits
  • Memoranda
  • $18,012Noncurrent loans and leases
  • $11,290Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,912Earning assets
  • $0Long-term assets (5+ years)
  • $2,369Average Assets, year-to-date
  • $220,746Average Assets, quarterly
  • $44,360Volatile liabilities
  • $162,381Insider loans
  • $200,491FHLB advances
  • $39,446Loans and leases held for sale
  • $3,024Unused loan commitments
  • $11,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $238Total risk weighted assets
  • $11,290Total unused commitments
  • $57Restructured Loans and leases
  • $1,894Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $10,200Total interest income
  • $4,128Total interest expense
  • $6,072Net interest income
  • $150Provision for loan and lease losses
  • $950Total noninterest income
  • $0Fiduciary activities
  • $612Service charges on deposit accounts
  • $0Trading account gains & fees
  • $338Additional noninterest income
  • $4,192Total noninterest expense
  • $2,149Salaries and employee benefits
  • $619Premises and equipment expense
  • $1,424Additional noninterest expense
  • $2,680Pre-tax net operating income
  • -$26Securities gains (losses)
  • $730Applicable income taxes
  • $1,924Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,924Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $104Sale, conversion, retirement of capital stock, net
  • $900Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.94%Yield on earning assets
  • 2.81%Cost of funding earning assets
  • 4.13%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 2.85%Noninterest expense to earning assets
  • 1.20%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.63%Pretax return on assets
  • 9.21%Return on equity (ROE)
  • 4.90%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 144.23%Credit loss provision to net charge-offs
  • 27.21%Efficiency ratio
  • 58,772Assets per employee
  • 4.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.78%Loss allowance to loans
  • 1.86%Loss allowance to noncurrent loans
  • 104.33%Noncurrent assets plus other real estate owned to assets
  • 1.32%Noncurrent loans to loans
  • 1.78%Net loans and leases to deposits
  • 82.02%Net loans and leases to core deposits
  • 102.69%Equity capital to assets
  • 20.07%Core capital (leverage) ratio
  • 12.32%Tier 1 risk-based capital ratio
  • 19.13%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $162,381Average earning assets
  • $20,881Average equity
  • $146,919Average loans

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