First Bank, Upper Michigan in city_name, state_name - Detailed Financial Reports, Location

First Bank, Upper Michigan in Gladstone, Michigan (MI)
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First Bank, Upper Michigan routing number info

First Bank, Upper Michigan - Overview

General
FDIC Certificate #: 14276
Status: Active
Federal Reserve ID: 239556
Bank Holding Company (Regulatory Top Holder): First Bancshares Corporation (RSSDID: 1978414, Location: Gladstone, MI)
Date Established: August 14, 1916
WWW: http://www.first-bank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 11028
FDIC's unique #: 8919
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: April 23, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 1400 Delta Avenue, Gladstone, MI 49837
County: Delta
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Appleton
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Core Based Statistical Area (CBSA): Escanaba, MI (#21540)
CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $168.4 mil
Equity capital: $29.6 mil
Deposits held in domestic offices: $119.5 mil
Return on assets (ROA): 2.41% ($4.0 mil)
Quarterly return on assets: 2.45% ($4.1 mil)
Return on Equity (ROE): 14.56% ($4.4 mil)
Quarterly return on equity: 14.41% ($4.3 mil)
Net income: $4.1 mil
Quarterly Net income: $1.0 mil
Pretax return on assets: 2.41% ($4,059.3 mil)
Quarterly Pretax return on assets: 2.45% ($4,126.7 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, 2011)

Dollar figures in thousands
48Total employees (full-time equivalent)
$168,435Total assets
$5,072Cash and due from depository institutions
$36Interest-bearing balances
$33,362Securities
$0Federal funds sold & reverse repurchase agreements
$123,676Net loans & leases
$4,115Loan loss allowance
$0Trading account assets
$2,155Bank premises and fixed assets
$1,317Other real estate owned
$155Goodwill and other intangibles
$168,435Life insurance assets
$2,698All other assets
$138,826Total liabilities and capital
$119,537Total liabilities
$108,175Total deposits
$119,537Interest-bearing deposits
$84Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$16,500Trading liabilities
$0Other borrowed funds
$2,789Subordinated debt
$29,609All other liabilities
$29,609Total equity capital
$29,609Total bank equity capital
$0Perpetual preferred stock
$200Common stock
$5,900Surplus
$23,509Undivided profits
Memoranda
$0Noncurrent loans and leases
$446Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$6,373Income earned, not collected on loans
$0Earning assets
$791Long-term assets (5+ years)
$157,074Average Assets, year-to-date
$35,562Average Assets, quarterly
$168,888Volatile liabilities
$170,695Insider loans
$119,343FHLB advances
$168,720Loans and leases held for sale
$525Unused loan commitments
$525Tier 1 (core) risk-based capital
$27,899Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$6,369Restructured Loans and leases
$1,728Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$9,162Total interest income
$1,859Total interest expense
$7,303Net interest income
$575Provision for loan and lease losses
$2,401Total noninterest income
$894Fiduciary activities
$276Service charges on deposit accounts
$0Trading account gains & fees
$1,231Additional noninterest income
$5,058Total noninterest expense
$2,552Salaries and employee benefits
$583Premises and equipment expense
$1,923Additional noninterest expense
$4,071Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$4,071Income before extraordinary items
$0Extraordinary gains - net
$4,071Net income attributable to bank
$0Net charge-offs
$4,071Cash dividends
$572Sale, conversion, retirement of capital stock, net
$2,531Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.84%Yield on earning assets
1.19%Cost of funding earning assets
4.66%Net interest margin
1.53%Noninterest income to earning assets
3.23%Noninterest expense to earning assets
2.41%Net operating income to assets
2.41%Return on assets (ROA)
2.41%Pretax return on assets
14.56%Return on equity (ROE)
5.51%Retained earnings to average equity (YTD only)
0.45%Net charge-offs to loans
100.52%Credit loss provision to net charge-offs
8.12%Efficiency ratio
52,123Assets per employee
3.51%Cash dividends to net income (YTD only)
Condition Ratios (%)
62.17%Loss allowance to loans
3.22%Loss allowance to noncurrent loans
64.57%Noncurrent assets plus other real estate owned to assets
4.57%Noncurrent loans to loans
4.99%Net loans and leases to deposits
103.46%Net loans and leases to core deposits
117.79%Equity capital to assets
17.58%Core capital (leverage) ratio
16.54%Tier 1 risk-based capital ratio
23.38%Total risk-based capital ratio
Memoranda
$25Average assets
$168,888Average earning assets
$27,954Average equity
$156,820Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$131,305Managed Assets
1Number of Accounts
$120,674Personal trust and agency accounts
$39,525Employee benefit-defined contribution accounts
$11,434Employee benefit-defined benefit accounts
$0Other retirement accounts
$22,499Corporate trust and agency accounts
$0Investment management agency accounts
$43,060Other fiduciary accounts
$4,154Fiduciary accounts held in foreign offices
$2Non-managed Assets
319Number of Accounts
$0Personal trust and agency accounts
$22,499Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$10,631Other retirement accounts
$5,889Corporate trust and agency accounts
$0Other fiduciary accounts
$2,781Fiduciary accounts held in foreign offices

List of branches

3 Michigan Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	8919	First Bank, Upper Michigan	1400 Delta Avenue, Gladstone, MI 49837	August 14, 1916	Full Service Brick and Mortar
2	231253	Escanaba Branch	2800 Ludington St, Escanaba, MI 49829	May 01, 1989	Full Service Brick and Mortar
3	232188	Garden Branch	Main Street, Garden, MI 49835	November 21, 1974	Full Service Brick and Mortar

First Bank, Upper Michigan in Gladstone, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank, Upper Michigan - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Bank, Upper Michigan in Gladstone, Michigan (MI)Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank, Upper Michigan - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Bank, Upper Michigan in Gladstone, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches